Development Agreement Mixed-Use Apartment Project

This March 10, 2015 Development Agreement between the City of Winter Springs and Winter Springs Holdings, Inc. outlines the terms for a mixed-use apartment project located along SR 434. It establishes the foundation for the entire development, including definitions for “Project” and “Initial Phase,” approval of the concept plan, infrastructure obligations, and stormwater retention responsibilities. Crucially, this agreement defines the scope of the development as more than just the first portion built. It includes references to future development phases and sets the legal and geographic framework for all subsequent agreements. The legal description attached identifies the entire site, which is confirmed later as totaling 45.687 acres. This document is essential in understanding how city obligations and developer commitments were originally scoped and agreed upon—particularly when determining the area to which the tree mitigation fees applied.