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2006-387
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2006-387
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Entry Properties
Last modified
9/1/2016 2:59:01 PM
Creation date
10/1/2015 12:52:56 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
11/07/2006
Control Number
2006-387
Agenda Item Number
12.A.
Entity Name
Windsor Properties
Subject
See meetings 2/10/09; 4/14/09 - closing papers
Supplemental fields
SmeadsoftID
7760
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The County agrees to cooperate fully with Windsor in obtaining approval of the Trustees exchange from DSL, ARC and <br /> the BOT. <br /> 13 . Convey a 50 foot conservation easement to the Trustees over the southerly fifty feet (50') of the property <br /> received by County in the exchange, as pictured and described in Exhibit . attached, as part of support of the exchange. <br /> The County will also release its right of re-entry in Tract A at the time of closing of the overall exchange. <br /> 14. The County has earmarked the $ 1 ,000,000 contribution described in paragraph C3 of this Addendum to <br /> benefit Indian River County Parks and Recreation. <br /> E. Timing of Park Construction and Closing. Upon approval of the exchange and this Exchange Agreement <br /> by the Board of Trustees of the Internal Improvement Trust Fund, the surveys, title commitments and environmental <br /> assessments contemplated by this Agreement will be initiated and completed. Contemporaneously Windsor and County <br /> will initiate and move forward expeditiously to complete their additional obligations as set forth in this Addendum. <br /> Barring unforeseen delays caused by factors outside of the control of either party, or acts of God, the final construction <br /> of new Park facilities described in this agreement is to be completed by December 31 , 2007 . Notwithstanding the <br /> foregoing, Windsor shall not be obligated to commence the design, permitting, or construction of the new Park Facilities <br /> until the Amendment to the Future Land Use Map described in Section D .S . above is completed. The closing of the <br /> exchange in accordance with this Exchange Agreement will be held as soon as can reasonably be scheduled by the <br /> parties after County approval of the completed Park construction. Any updates to surveys and environmental <br /> assessments required by the delay in closing shall be paid by the party responsible for obtaining and paying for the <br /> original document. <br /> 16 <br /> BLA- 104 , Revised 01 /26/06 <br />
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