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- 08 / 04 / 2003 00 : 05 5617709496 SBS ENG (� _ > a�GE 03 <br /> ` Tbn document pmpomd by and octum to : 6/1/f03w 4(PWD"d <br /> r <br /> Indian River County <br /> Public Wodm Depamient <br /> 1940 25m Strut <br /> Vero Bcach, F1, 32960 <br /> DEVELOPER' S AGREEMENT BETWEEN <br /> INDIAN .RIVER COUNTY, FLORIDA <br /> AND <br /> SOUTH LAKES, L.L.C. FOR <br /> SOUTH LAKES SUBDIVISION — <br /> 131"n STREET SW PAVING AND RIGRT-OF-WAY ACQUISITION <br /> THIS AGREEMENT, entered this 9th day of September 12003 , by and between <br /> INDIAN RIVER COUNTY, FLORIDA a political subdivision of the State of Florida, 1840 25th <br /> Street, Vero Beach, Florida, 32960 hereafter called COUNTY and SOUTH LAKES L.L.C ., 126 43rd <br /> Avenue SW, Vero Beach, FL. 32968 , ATTN : JAMES ADAMS , hereafter referred to as the <br /> .DEVELOPER. <br /> WI'I"NESSETH <br /> WHEREAS , the DEVELOPER has applied to develop a residential community to be known <br /> as, South Lakes Subdivision on 57 +/- acre parcel of land along 13t' Street SW, (Iodian River County <br /> Project Number 2002120150), which is legally described on Exhibit "A" attached hereto and <br /> incorporated herein by rekrence, and; <br /> WHEREAS, the COUNTY and DEVELOPER share mutual concerns with respect to right- <br /> of-way acquisition, utility pole and line relocation, and roadway and drainage improvements for 13 ' <br /> Street SW along South Lakes Subdivision, and; <br /> WHEREAS, both the COUNTY and DEVELOPER can mutually benefit each other through <br /> a joint eMrt that will provide for rigWofF way acquisition, paving of 13`' Street SW including <br /> stormwater treatment, and utility pole and line relocation. <br /> NOW, THEREFORE, in consideration ofthe mutual terms, conditions, promises, covenants <br /> and premises hereinafter, the COUNTY and .DEVELOPER agree as follows : <br /> 1 . The above recitals are awned as being true and correct and are thereby incorporated <br /> herein <br /> 2 . DEVELOPER will design, permit and pay for the 13 ' ' Street SW paving and drainage <br /> improvements as ;follows : The design will include construction of 13 'h Street SW ready <br />