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EUSTIS, FL-Cambridge Homes, an Altamonte Springs-based homebuilder, has voluntarily presented a $100,000 check to the City of Eustis. The payment is in exchange for Eustis officials halting their protest of a 118-acre annexation nine miles away near the City of Tavares.

Eustis elected officials had maintained earlier the land should be annexed by Eustis, not Tavares, because a portion of the dirt lies in Eustis and in unincorporated Lake County. Their protest to the Florida Department of Community Affairs could have delayed the Cambridge project, sources tell GlobeSt.com. The state agency is scheduled to review the annexation later this year

The deal paves the way for Cambridge's planned development of a 721-home subdivision at an estimated development cost of $100 million. The land sits between the two cities in Lake County's Golden Triangle corridor, 45 miles northwest of Downtown Orlando. Eustis' population is 17,000; Tavares has 5,000 residents.