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T- ORIG 4 ,'k,s Do J7 _ Ci 7 DEVELOPER'S AGREEMENT between INDIAN RIVER COUNTY, FLORIDA and PIONEER BAPTIST CHURCH OF VERO CH, INC. This Developer' s Agreement, entered into thi� day 2008 by and between INDIAN RIVER COUNTY, FLORIDA, a politi subdiviViof the State of Florida, hereinafter referred to as COUNTY, and PIONEER BAPTHURCH OF VERO BEACH, INC., hereinafter referred to as DEVELOPER, for the purpose of providing drainage facilities. WITNESSETH: WHEREAS, DEVELOPER owns a 3 .35+- acre parcel of land at the northwest comer of Old Dixie Highway and The South Relief Canal, known as Indian River County Tax Parcel #33-39- 13-00000-7000-00028.0, hereinafter referred to as "parent tract" as described in Exhibit "B', attached hereto and incorporated herein by reference, and, WHEREAS, both COUNTY and DEVELOPER share mutual concerns with respect to road and drainage facilities for Old Dixie Highway, replacement of the bridge over the South Relief Canal, and future expansion of DEVELOPER' S property located adjacent to Old Dixie Highway; and WHEREAS, both the COUNTY and PIONEER can assist each other through a joint effort that will facilitate widening the road, replacing the bridge, and providing stormwater treatment. NOW, THEREFORE, in consideration of the mutual terms, conditions, promises, covenants, and premises hereinafter, the COUNTY and DEVELOPER agree as follows: 1 . The above recitals are affirmed as being true and correct and are thereby incorporated herein. 2.Within 30 days of execution of this AGREEMENT by all required parties, DEVELOPER shall convey by warranty deed, a parcel of land in the southeast corner of the parent tract to COUNTY for construction of a drainage retention facility. Said parcel shall contain .47 acre (legal description attached as Exhibit "A"). The COUNTY shall pay to the DEVELOPER the sum of $60,630.00 for said parcel. 3 .The COUNTY shall construct at the COUNTY'S sole cost and expense, a new 3-lane bridge at Old Dixie Highway over the South Relief Canal, and road widening and paving improvements to provide left tum lanes at 1 st Street and 2nd Street. 4 .The COUNTY shall construct its retention pond and outfall structure to the South Relief Canal south of the Exhibit "A" parcel. The outfall pipe shall be sized to accommodate DEVELOPER' S potential ultimate needs for future pond enlargement. Any existing wells, irrigation equipment, or other improvements situated within the Exhibit "A" parcel shall be relocated at COUNTY' S sole expense, if required. COUNTY shall construct at its sole expense, a 24-foot wide paved driveway connection to 2"d Street along the north side of the EXHIBIT "B" property. All work will coincide with the Old Dixie Highway/South Relief Canal Bridge Replacement and related Roadway Improvement Project, when and if actually constructed. CAI)m ments and Settings\HP Adminisb*d\My Do mmtslP=M]Baptistaurchmvisedl0.04-07.dm t