7/5/2016 12:08:56 PM
9/30/2015 7:39:09 PM
Official Document Type
Agenda Item Number
Sergovia Lakes LLC
Segovia Lakes Developers Agreement, Right of Way
Relocation of 16th St. ( Atlanta Blvd.)
Segovia Lakes 16th Street.
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; �i • • , 4• <br /> } This document prepared by and return to : 11 /9/04wcg(PWDJwd <br /> Indian River County <br /> Public Works Works Department <br /> 11840 25U' Street �J <br /> Vero Beach, Fl . 32960 !! �� <br /> V I���^^�� ` <br /> V � 9 <br /> AGREEMENT TO EXCHANGE REAL ESTATE <br /> THIS AGREEMENT , entered this 4:thj day ja!niiary —> 2005 by and between <br /> INDIAN RIVER COUNTY, FLORIDA a political subdivision of the State of Florida, 1840 25 " <br /> Street, Vero Beach, Florida, 32960 hereafter called COUNTY and SEGOVIA LAKES LLC, 2655 <br /> LeJeune Road, Suite 802 , Coral Gables, Florida 33134, Attn : David R. Garcia, hereafter called <br /> DEVELOPER, <br /> WITNESSETH <br /> WHEREAS, the DEVELOPER is in the process of developing a residential community to be <br /> known as Segovia Lakes Planned Development (Indian River County Project Number 2002050008); <br /> and; <br /> WHEREAS , the COUNTY and DEVELOPER have entered into a Developer ' s Agreement <br /> with respect to right- of.-way acquisition; roadway, and drainage improvements for 58th Avenue and <br /> 16th Street (Atlantic Blvd.), and; <br /> WHEREAS , the Developer ' s Agreement specifies that the COUNTY and DEVELOPER <br /> will exchange with each other certain real estate as described herein; <br /> NOW, THEREFORE, for and in consideration of the mutual terms , conditions , promises, <br /> covenants and premises stated herein, . the COUNTY and DEVELOPER hereby agree as follows : <br /> 1 . Recitals : The foregoing recitals are incorporated as if fully restated herein. <br /> 2 . Developer to County : At closing, pursuant to the terms and conditions stated herein, <br /> DEVELOPER will convey to COUNTY that certain real property shown and described on <br /> - composite Exhibit -"C", consisting of Exhibit "G1 " and-Exhibit " C-2", attached hereto and <br /> made a part hereof. <br /> 3 . Closing: At closing, and pursuant to the terms and conditions stated herein, COUNTY will <br /> convey to DEVELOPER that certain real estate shown and described on Exhibit "D" , <br /> attached hereto and made a part hereof. <br /> 4 , Parcel to be Conveyed : The parcel to be conveyed by the DEVELOPER to the COUNTY is <br /> larger than the parcel to be conveyed by the COUNTY to the DEVELOPER by 27, 570 sq . ft. <br /> 1 <br /> J :\Planning & Zoning\AGUERREVERE, ENRIQUE\Agreement to Exchange Real Property 1108 04 .wpd.doc <br />
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