CORY LAKES COMMUNITY DEVELOPMENT ... - cory lake isles

THIS INSTRUMENT PREPAREDBY AND RETURN TO:John Vericker, Esq.Straley & Robin1510 West Cleveland StreetTampa, FL 33606ABOVE SPACE RESERVED FORRECORDING PURPOSES ONLYAGREEMENT TO CONVEY OR DEDICATEThis is an Agreement to Convey or Dedicate, dated as of the day of 2013,between KLP Cory Lakes, LLC (the “Owner”), and the Cory Lakes CommunityDevelopment District, a local unit of special purpose government organized and existing inaccordance with Chapter 190, Florida Statutes (the “District”).Background and PurposeConcurrently herewith, the District is issuing its $Cory LakesCommunity Development District Special Assessment Revenue Bonds, Series 2013 (the “Series2013 Bonds”), to finance the construction and acquisition of public infrastructure that willbenefit certain lands owned by the Owner. To induce the District to issue the Series 2013 Bonds,the Owner has agreed to convey or dedicate to the District all easements, tracts, structures, andimprovements that shall constitute or are necessary for the construction, operation, andmaintenance of the Project as described in the Cory Lakes Community Development DistrictReport of the District Engineer dated January 17, 2013, to be constructed and/or acquired withthe proceeds of the Series 2013 Bonds within the District The foregoing easements, tracts,structures and improvements are collectively referred to as the “Phase 7 Lands andImprovements”.Operative ProvisionsNOW THEREFORE, in consideration of the mutual covenants herein contained, andfor Ten Dollars ($10.00) and other good and valuable consideration, receipt of which is herebyacknowledged, and subject to the terms and conditions hereof, the parties agree as follows:1. Dedication or Conveyance. The Owner agrees, for itself, its legalrepresentatives, successors, and assigns, that upon the filing of any plat for all or any portion ofthose certain lands described in the attached Exhibit “A”, to dedicate to the District all Phase 7Lands and Improvements located upon or under such platted lands.In the event certain Phase 7 Lands and Improvements are not described or depicted on afiled plat, but such Phase 7 Lands and Improvements are necessary for the construction,operation and maintenance of those portions of the Project servicing the platted lands, suchunplatted Phase 7 Lands and Improvements shall be conveyed to the District by special warranty{00035370.DOCX/}Page 1 of 4