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This document prepared by and return to : 11 /8/04wcg(PWD)jwd <br /> Indian River County <br /> Public Works Department <br /> 1840 25" Street <br /> Vero Beach, Fl . 32960 <br /> 1 . Recitals : The above recitals are affirmed as being true and correct and are hereby <br /> incorporated as if fully restated herein . <br /> 2 . Stormwater Facility Construction : The DEVELOPER shall construct drainage piping and <br /> necessary restoration of right-of--way to direct the 58th Avenue stormwater currently stored in <br /> the stormwater pond located at the southeast corner of Developer' s site ("Existing County <br /> Pond") into the on-site stormwater pond to be constructed on DEVELOPER' S site. After the <br /> 58th Avenue stormwater is diverted, the County shall abandon the Existing County Pond and <br /> site to the DEVELOPER, less the needed 20 ' right-of4ay for 58th Avenue. The parcel to be <br /> retained for 58th Avenue right-of4ay is legally described and shown on Exhibit ` B" . The <br /> DEVELOPER shall obtain all necessary St. John ' s River Water Management District <br /> permits, and Developer shall design the stormwater system to divert the stormwater, all at no <br /> cost to the COUNTY. The DEVELOPER shall grant to the COUNTY a 15 ft. wide <br /> easement from 58th Ave. along the inflow drainage pipe, through onsite stormwater ponds, <br /> and along the drainage outfall pipe, for emergency maintenance . The DEVELOPER and/or <br /> Segovia Lakes Property Owners ' Association shall maintain the on-site stormwater lake in <br /> accordance with the Segovia Lakes Property Owners ' Association Declaration of Covenants <br /> and Restrictions . In addition, the pond volume and all piping shall be sized to provide <br /> stormwater storage for the impervious area to be covered by the future six-lane expansion of <br /> King ' s Highway (58tt' Avenue) for the length of the Segovia Lakes project ' s frontage on <br /> King ' s Highway. <br /> I King' s Highway (58th Avenue) : King ' s Highway (58th Avenue) and Atlantic Boulevard <br /> Right-of--Way Acquisition: The DEVELOPER and the County agree to exchange, pursuant to <br /> 2 <br /> JAPlanning & Zoning\AGUERREVERE, ENRIQUE\Segovia Lakes clean 8- 10-04 version.doe <br />