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r <br /> (iv) Within ten ( 10) days from the date hereof, Grove Isle will file an <br /> Administrative Approval Site Plan Application (" Site Plan Application " ) with the County, <br /> requesting that the County release and terminate the Covenant . County staff will recommend <br /> approval of the Site Plan Application to the Board of County Commissioners , which will have <br /> final authority with respect to approval and disapproval of the Site Plan Application ; and <br /> (v ) River Shores and Grove Isle shall each pay one-half of the invoice <br /> presented by Gene Roddenberry, mediator. Payment shall be due within five (5 ) days of receipt <br /> of such invoice , and shall not be contingent upon satisfaction of the conditions set forth in <br /> paragraph 5 below . <br /> 4 . Release. Upon the effective date of this Agreement , each party releases , satisfies <br /> and discharges each other party from all claims , liabilities and causes of action arising out of or <br /> relating to the Canal and the Covenant . <br /> 5 . Effective Date. This Agreement shall become effective upon satisfaction of the <br /> following conditions : (i ) the consent and joinder to this Agreement by all owners of River <br /> Shores , which consent or joinder may be by original or fax signature to Exhibit "A" attached <br /> hereto , or by email or other written communication indicating such consent or joinder ; (ii) <br /> approval of this Settlement Agreement, and release and termination of the Covenant , by the <br /> Board of County Commissioners of Indian River County, Florida ; and (iii ) approval of this <br /> Agreement by Grove Isle ' s attorney , Charles W . McKinnon . If attorney. McKinnon does not <br /> deliver written objection to Alan S . Polackwich , Sr. . within ten ( 10) days from the date first set <br /> forth above , attorney McKinnon shall be deemed to have approved this Agreement . <br /> 6. Successors and Assigns . This Agreement shall be binding upon the parties <br /> hereto , their heirs , successors and assigns . <br /> Grove Isle at Vero Beach Condominium hores — L <br /> Association , Inc. <br /> By : Mi en le <br /> Steph n M. Carey , President <br /> Jill Ben ey <br /> Indian River County, Florida River Shores — Lot 8 <br /> By : <br /> Alan S . Polackwich , Sr. , County Attorney William E . Hayhurst <br /> River Shores — Lot 10 <br /> Rocco Cerro - <br /> .Annette Cerro <br />