2003-131 - Laserfiche WebLink

Home Browse Search

AGREEMENT RECEIVED BETWEEN MAY 2 2 2003 INDIAN RIVER COUNTY, FLORIDA AND ROSEWOOD ROAD EAST DEVELOPMENT CORPORATION FOR THE CONSTRUCTION OF OFF-SITE UTILITIES THIS AGREEMENT by and between INDIAN RIVER COUNTY, a political subdivision of the State of Florida, the address of which is 1840 25th Street, Vero Beach, Florida 32960 (hereinafter the "COUNTY") and Rosewood Road East Development Corporation the address of which is : P . O. Box 1779 Vero Beach, FL 32961 (hereinafter the DEVELOPER) is effective upon execution by the second of the two parties . WHEREAS , the DEVELOPER, in conjunction with the construction improvements at Old Savannah. , is providing water and wastewater facilities to serve the subject property located at 4950 16th Street, and more specifically described in Exhibit "A"; and WHEREAS , pursuant to Section 918 . 05 , The Code of Indian River County (Ordinance 90- 16, as amended), the COUNTY, requires the DEVELOPER to provide the utility improvements to serve the regional area, and agrees to reimburse the DEVELOPER, as provided herein, for the cost of providing these off-site utilities, NOW, THEREFORE, for and in consideration of the mutual promises set forth herein and other good and valuable consideration, the COUNTY and DEVELOPER agree as follows : 1 . OFF- SITE UTILITIES : The DEVELOPER shall construct the necessary off-site utilities described herein as directed by the Indian River County Utilities Department. The COUNTY shall reimburse the DEVELOPER for over-sizing of the off-site utilities as outlined below: A. 64nch Diameter Master Planned Sanitary Sewer Force Main along 16thStreet from 5811, Avenue east approximately 3 ,392 linear feet to the eastern boun a of the Old Savannah_propert The DEVELOPER shall furnish and install approximately 3 ,392 linear feet of sanitary sewer force main and associated appurtenances . Connection shall be made on the northeast comer of 58th Avenue and 16th Street, extend east along the south side of 16th Street and end at the eastern boundary of the Old Savannah property. (See Exhibit "C" for location and Exhibit "B" for cost tabulation). Reimbursement: The COUNTY shall reimburse the DEVELOPER based on an itemized invoice of the installed material on a complete basis — less 10% retainage, monthly, with final payment and release of retainage at the time the above referenced facilities are dedicated to and accepted by the County. Reimbursement shall be in the form of a check from the COUNTY, and shall not exceed the amount of $ 155 .082 . 26 (see attached Exhibit B). Page 1