AGENDA MEMORANDUM

MEETING DATE:   January 8, 2007

From:                          Laura McElhanon, AICP,  Community Development Director

Subject:                      Resolution authorizing an Annexation Agreement with Tropical        Investments and Holdings, LLC

Staff Recommendation:

Approval of the proposed annexation agreement.

Analysis:

As a result of the proposed annexation of approximately 30 acres of land into the City, an Annexation Agreement has been prepared to address the overall concepts of the development. This Agreement provides:

• That the proposed annexation be given a zoning category of City CIP (Commercial Industrial Planned).
• The developer’s responsibility for the construction and installation of infrastructure related to the improvements of the property.

Options:        

1.         Approve the requested annexation agreement.

2.         Disapprove the proposed annexation agreement.

Fiscal Impact

There is no fiscal impact as a result of this action.

Submission Date and Time:    1/5/07 2:39 PM____

Department:  Community Development Prepared by:   Bill Wiley, AICP Attachments:  Yes__X__   No ______ Advertised:   ____Not Required ______ Dates:   __________________________                      Newspapers: _________________________________                                                      _________________________________            Revised 6/10/04

Reviewed by: Dept. Head ________ Finance  Dept. __________________                                    Deputy C.M. ___________________                                          Submitted by: City Manager ___________________

Account No. _________________ Project No. ___________________ WF No. ______________________ Budget  ______________________ Available _____________________

RESOLUTION NO.

A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA, AUTHORIZING EXECUTION OF AN ANNEXATION AGREEMENT BETWEEN THE CITY OF LEESBURG AND TROPICAL INVESTMENTS AND HOLDINGS, LLC; AND PROVIDING AN EFFECTIVE DATE.

BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LEESBURG, FLORIDA:

THAT the Mayor and City Clerk of the City of Leesburg are hereby authorized and directed to execute the Annexation Agreement between Tropical Investments and Holdings, LLC and the City of Leesburg, Florida, in the form attached as Exhibit “A” to this resolution.

That this Resolution shall be effective immediately.

PASSED AND ADOPTED by the City Commission of the City of Leesburg, Florida, at a

regular meeting held the 8^th day of January 2007.

                                                                                    CITY OF LEESBURG

                                                                                    ____________________________

                                                                                    Mayor

ATTEST:                                                                   

______________________________

City Clerk