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DEVELOPER ' S AGREEMENT BETWEEN C Pei 0
<br /> INDIAN RIVER COUNTY , FLORIDA
<br /> AND
<br /> TRIPLE C & T INVESTMENTS , INC .
<br /> THIS AGREEMENT , entered this 21st day Jial y ._s 2009 , by and between INDIAN
<br /> RIVER COUNTY, FLORIDA a political subdivision of the State of Florida , 1801 27th Street , Vero Beach
<br /> ,
<br /> Florida , 32960 hereafter called COUNTY and TRIPLE C & T INVESTMENTS , INC . , a Florida Corporation ,
<br /> PO . Box 5375 , Vero Beach , FL 32961 , hereafter referred to as the DEVELOPER .
<br /> WITNESSETH
<br /> WHEREAS , the DEVELOPER has applied to develop a day care center , to be known as Tot Spot ,
<br /> County Development Project #2004080190 , hereafter referred to as the PROJECT , to be built within Indian
<br /> River County , on 47th Street , east of U . S . Highway 1 , and ;
<br /> WHEREAS , as a condition of site plan approval , the DEVELOPER must pave 47th Street between
<br /> US1 and the PROJECT entrance , a distance of 849 feet , and ;
<br /> WHEREAS , the COUNTY desires to pave 47th Street ( a County road ) between US1 and the east
<br /> terminus of 47th Street , a distance of 1 , 053 feet , and ;
<br /> WHEREAS , in order to pave the entire section of 47th Street east of US1 , the COUNTY would be
<br /> responsible for paving the remaining 204 feet of roadway , and ;
<br /> WHEREAS , both the COUNTY and DEVELOPER can mutually benefit each other through a joint
<br /> effort in paving 47th Street ;
<br /> NOW, THEREFORE , in consideration of the mutual terms , conditions , promises , covenants and
<br /> premises hereinafter , the COUNTY and DEVELOPER agree as follows :
<br /> 1 . The foregoing recitals are affirmed as being true and correct and are thereby incorporated herein .
<br /> 2 . Pursuant to the terms of this Agreement , the DEVELOPER shall design , permit , and construct 47th
<br /> Street east of US1 to Florida Department of Transportation " Green Book " standards . The project
<br /> consists of paving 47th Street between US1 and the east terminus of 47th Street , a distance of
<br /> 1 , 053 feet . The parties agree that the estimated cost of construction and materials testing is
<br /> $ 105 , 555 . 62 , and engineering design including permitting is $ 10 , 555 . 56 ( 10 % of construction plus
<br /> 1
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