RESOLUTION 2009-___ Settlement and Development Agreement between SeaGate Communities, Inc. and the City of Palm Coast A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM COAST, FLORIDA APPROVING THE SETTLEMENT AND DEVELOPMENT AGREEMENT (SETTLEMENT AGREEMENT) BETWEEN THE SEAGATE COMMUNITIES, INC. (DEVELOPER) AND THE CITY OF PALM COAST (CITY); AUTHORIZING THE CITY MANAGER, OR DESIGNEE, TO EXECUTE SAID AGREEMENT; PROVIDING FOR SEVERABILITY; PROVIDING FOR CONFLICTS; PROVIDING FOR IMPLEMENTING ACTIONS; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, on March 6, 2006, Seagate Communities, Inc. (Developer) filed an application for a comprehensive plan amendment (the “Original Application”) for a 27.8± acre site known as Parcel 358 and Ryan’s Landing in Palm Coast, Florida, as more particularly described in the Settlement Agreement as attached hereto and incorporated herein as Exhibit “A” (hereinafter referred to as the “Property”), seeking to amend the Future Land Use Map (FLUM) changing 27.8± acres of the Property from Greenbelt to Residential; and WHEREAS, on March 20, 2007, the City Council of the City of Palm Coast, at a legislative hearing, entered an order denying Developer’s Comprehensive Plan Amendment; and WHEREAS, Developer and the City are currently engaged in litigation pending in the Circuit Court of the Seventh Judicial Court, Case No. 07-CA-1102, pertaining to the City’s refusal to approve the Developer’s Comprehensive Plan Amendment; and WHEREAS, Developer has submitted an alternative plan for development of the Property, and, in connection therewith, the City has initiated a proposed comprehensive plan amendment to change 22.8± acres of the Property to Planned Unit Development (“PUD”) for a 69-lot residential subdivision, and has filed a Conceptual Site Plan; and WHEREAS, the City Council of the City of Palm Coast desires to approve the Settlement Agreement between Developer and the City which describes the alternative plan for the development of the Property and provides for eventual dismissal of the lawsuit by the Developer; and WHEREAS, the parties, by entering into the Settlement Agreement, wish to settle all claims and disputes arising out of the litigation. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PALM COAST, FLORIDA AS FOLLOWS: SECTION 1. APPROVAL OF AGREEMENT. The City Council of the City of Palm Coast hereby approves the terms and conditions of the Settlement Agreement Resolution 2009-____ Page 1 of 2 between the Developer and the City, as attached hereto and incorporated herein, and referenced by Exhibit “A." SECTION 2. AUTHORIZATION TO EXECUTE. The Mayor, or designee, is hereby authorized to execute the necessary documents. SECTION 3. SEVERABILITY. If any section or portion of a section of this Resolution proves to be invalid, unlawful, or unconstitutional, it shall not be held to invalidate or impair the validity, force, or effect of any other section or part of this Resolution. SECTION 4. CONFLICTS. All resolutions or parts of resolutions in conflict with any of the provisions of this Resolution are hereby repealed. SECTION 5. IMPLEMENTING ACTIONS. The City Manager is hereby authorized to take any actions necessary to implement the action taken in this Resolution. SECTION 6. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption by the City Council. DULY ADOPTED by the City Council of the City of Palm Coast, Florida, on this 17th day, of February 2009. CITY OF PALM COAST, FLORIDA ATTEST: JON NETTS, MAYOR CLARE M. HOENI, CITY CLERK Attachments: Exhibit “A” SeaGate Settlement Agreement Approved as to form and legality William E. Reischmann, Jr., Esq. City Attorney Resolution 2009-____ Page 2 of 2