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NOW, THEREFORE , in consideration of the following mutual covenants and <br /> agreements INDIAN RIVER COUNTY, FLORIDA and INDIAN RIVER ASSOCIATES II , <br /> LLLP agree as follows : <br /> A. The Developer's Agreement dated August 10 , 2004 is amended as follows : <br /> Paragraph 7 of the Agreement shall read as follows : <br /> 7 . Construction of 20th Avenue SW from 17th Lane SW to 21st Street SW. 20th <br /> Avenue SW from 17th Lane SW to 21st Street SW is currently a one- half paved street. On <br /> or before December 1 , 2006 , DEVELOPER shall make a lump sum contribution of <br /> $220 , 000 . 00 to the County for the County to plan , design , obtain permits for and construct <br /> an expansion of existing 20th Avenue SW from 17th Lane SW to 21st Street SW from a <br /> one-half paved street to a two-lane 24' wide roadway in accordance with FDOT Green <br /> Book Specifications . Payment of this amount shall satisfy Developer's obligation as to <br /> 20th Avenue SW improvements. <br /> 7 . 1 Construction of 17th Lane SW. As a condition of its project, DEVELOPER was <br /> required to design , construct and pave a section of 17th Lane SW from a point west of <br /> their project entrance to 20th Avenue SW. Due to concerns with maintenance of traffic <br /> and road closures , the DEVELOPER and COUNTY agree that the COUNTY shall assume <br /> responsibility for design , construction and paving of this section of roadway. In exchange <br /> for assumption of this duty, DEVELOPER shall pay to the COUNTY the sum of <br /> $571 , 744 . 75 . Payment of this amount shall satisfy Developer's obligation as to 17th Lane <br /> SW improvements . DEVELOPER shall make payments in the amounts indicated above <br /> on or before December 1 , 2006 . <br /> B . The Developer's Agreement dated August 10 , 2004 is further amended as follows : <br /> 2 <br /> CADocuments and Settings\RCohenSLocal Settings\Temporary Internet Fi1es\0LK124\Falcon Trace 3rd amended agreement clean .doc <br />