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DEVELOPER ' S AGREEMENT )BETWEEN �' T <br /> INDIAN RIVER COUNTY , FLORIDA 0 <br /> ANIS <br /> THE MOORINGS CLUB , INC . FOR INSTALLATION ANIS CONSTRUCTION <br /> OF A SIDEWALK ALONG HARBOR DRIVE <br /> THIS AGREEMENT , entered this 2.J 0009ay of 4-4-02 4= , 2010 , by and between <br /> Indian River County , Florida a political subdivision of the State of Florida , 1801 27 `I' Street , Vero <br /> Beach , Florida , 32960 hereafter referred to as " County" , and The Moorings Club , Inc . , 100 Harbor <br /> Drive , Vero Beach , Florida 32963 , hereafter referred to as " Developer . " <br /> WITNESSETH <br /> WHEREAS, Developer has requested cost sharing assistance to design , permit and construct <br /> a five to six foot wide sidewalk within County owned right- of- way along Harbor Drive in the <br /> Moorings Subdivision in Indian River County , Right- of- Way Permit Number 2009050299 , herein <br /> after referred to as the " Project" the legal description is attached as Exhibit " A " and incorporated <br /> herein by reference , and ; <br /> WHEREAS , the sidewalk will also be built over property owned by the Developer and <br /> Developer will convey a sidewalk easement to County to provide for public access to the portions of <br /> the sidewalk that will traverse Developer ' s property ; and <br /> WHEREAS , County , by its Board of County Commissioners approved expenditure of up to <br /> $ 30 , 000 . 00 from the petition paving accOLInt In order to meet its 25 % cost sharing obligation ; and <br /> WHEREAS , the final cost of the County ' s obligation is $ 14 , 321 . 93 ; and <br /> WHEREAS , the COUNTY has participated in other cost sharing projects including the <br /> Highway A - 1 - A multi - use path in the South Beach area ; and <br /> WHEREAS , both County and Developer can mutually benefit each other through a joint <br /> effort that will transfer responsibility of constructing the sidewalk from the County to the Developer . <br /> THEREFORE , In consideration of the mutual terms , conditions , promises , covenants and <br /> premises hereinafter , the County and Developer agree as follows : <br /> 1 . The above recitals are affirmed as being true and correct and are thereby incorporated <br /> herein . <br /> 2 . The Developer agrees to plan , design and construct a five foot wide sidewalk along the west <br /> side of Harbor Drive and a six foot wide sidewalk along the east side of Harbor Drive <br /> totaling ± 3 ,405 linear feet , together with the necessary signage and crosswalk improvements <br /> I".\Atlorney\Bill\Developers Agreements\Moorings sidewalk Developer Agreement. doc <br />