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This document prepared by and return to: 11 /8/04wcg(PVMbwd <br /> Indian River County <br /> Public Works Department <br /> 1840 25`h Street <br /> Vero Beach, Fl . 32960 <br /> a Land Exchange Agreement entered into by the DEVELOPER and the COUNTY, twenty <br /> feet (20 ' ) of DEVELOPER' S property on King ' s Highway together with a certain parcel <br /> consisting of 45 ,651 square feet (where the road connecting 16th Street to Atlantic Blvd. will <br /> be constructed) , which parcels are legally described and shown on Exhibit "C" attached <br /> hereto and incorporated herein by reference (collectively, the "Developer Parcel") , for the <br /> COUNTY owned parcel containing the Existing County Pond consisting of 39 ,751 square <br /> feet, which parcel is legally described and shown on Exhibit "D" attached hereto and <br /> incorporated herein by reference (the "County Parcel") on an equal square footage basis . <br /> Since the Developer Parcel is larger than the County Parcel by 27 , 570 SF , the COUNTY <br /> shall pay DEVELOPER $ 1 . 48 per SF or $ 40 , 890 , 10 <br /> 4 . Atlantic Blvd. (16th Street) : DEVELOPER shall design, obtain permits , pave and relocate, <br /> as necessary, Atlantic Blvd. from the DEVELOPER' S west property line to the 16th <br /> Street/58th Avenue intersection, as shown on the approved Segovia Lakes Preliminary Plat. <br /> The COUNTY Public Works Department shall review and approve the design prior to <br /> submitting pen-nit applications. The DEVELOPER shall use the County' s public competitive <br /> bid process for construction of this improvement, and Developer further agrees fully and <br /> timely to cooperate with the COUNTY in the public competitive bidding of the construction. <br /> The DEVELOPER shall timely provide the Indian River County Purchasing Division with <br /> sufficient information, including the nature of the project, where the plans may be purchased, <br /> the purchase price of the plans in an amount not to exceed One Hundred Dollars ($ 100 . 00), <br /> the proposed date of bid opening, and all other required competitive bid details to ensure <br /> compliance with §255 .20 , Fla. Stat. (2003 ) , and to ensure sufficient public notice of the <br /> 3 <br /> J:\Planning & Zoning\AGUERREVERE, ENRIQUE\Segovia Lakes clean 8- 10-04 version.doc <br />