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RESOLUTION NO . 2005 - 016 <br /> A RESOLUTION OF INDIAN RIVER COUNTY , <br /> FLORIDA, APPROVING AN EXCHANGE OF <br /> RIGHT-OF -WAY WITH INDIAN RIVER <br /> ASSOCIATES , LLLP . <br /> WHEREAS , Indian River Associates , LLLP owns 289 acres of property <br /> adjacent to the southeast corner of 17th Lane and 27th Avenue SW . ; and <br /> WHEREAS , Indian River Associates , LLLP desires to acquire 3 . 508 acres of <br /> County owned property abutting Indian River Farms Water Control District Canal B- 10 , <br /> between 20th Avenue SW and 27th Avenue in exchange for 4 . 669 acres of property <br /> that will become 21 st Street SW and its right-of-way . <br /> WHEREAS , Indian River County has agreed to pay additional compensation in <br /> the amount of $ 15 , 093 . 00 to Indian River Associates , LLLP as part of the exchange ; <br /> and <br /> WHEREAS , the exchange of property between Indian River County and Indian <br /> River Associates , LLLP is part of a Second Amended Developer' s Agreement <br /> negotiated by the parties , and <br /> WHEREAS , in addition to the exchange of property , the Developer' s <br /> Agreement and the amendments thereto provides for purchase of additional right-of- <br /> way by the County for 27th Avenue , 20th Avenue SW , construction of 21st Street SW , <br /> construction of 20th Avenue SW , landscaping of 21st Street SW , sidewalk construction <br /> and other site related improvements ; and <br /> WHEREAS , the terms and conditions of the proposed exchange have been <br /> noticed in the newspaper once a week for two weeks pursuant to Florida Statute <br /> 125 . 37 , <br /> 1 <br />