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2. The County agrees to forbear collection of traffic impact fees from <br />Developer in connection with the subject project until the time of Developer's application <br />for a certificate of occupancy or twelve months from the effective date of this <br />agreement, whichever is earlier. <br />3. A certificate of occupancy for the subject project shall not be issued until <br />after the Developer remits a cashier's check in payment of the applicable fair share <br />roadway improvements fee. <br />4. In consideration of the County's forbearance of collection of the traffic <br />impact fees at the time of building permit application, the Developer acknowledges <br />his/her/its obligation to pay said fees to Indian River County prior to the issuance of a <br />certificate of occupancy by Indian River County or by the municipality having <br />jurisdiction. <br />5. This agreement shall be recorded in the official records of Indian River <br />County, Florida, and may be recorded in the official records of other counties, and shall <br />be binding upon the Developer's successors, heirs, devisees, grantees, and assigns. <br />Developer shall pay all recording fees. <br />6. Developer acknowledges and agrees that, upon recordation of this <br />agreement in the official records of Indian River County, Florida, or in the official records <br />of any other county, this agreement shall constitute a lien against all real property <br />owned by Developer in Indian River County, Florida, and in such other county, in the <br />amount of the traffic impact fee set forth above. In the event Developer fails to pay the <br />subject traffic impact fees within twelve months from the effective date of this <br />agreement, interest shall begin to accrue at the statutory rate for judgments on the 366th <br />day following the effective date hereof. <br />7. Developer shall defend, indemnify, and hold harmless the County, and the <br />County's officers, employees, and agents, and the municipality having jurisdiction, and <br />such municipality's officers, employees, and agents, from and against any claim, cause <br />of action, liability, judgment, and damages, of any nature whatsoever, including attorney <br />fees, related to the subject project or arising out of this agreement. In any defense <br />provided by Developer pursuant to this agreement, the County, or if the project is within <br />a municipality, the municipality having jurisdiction, or both, may select defense counsel, <br />and the County and the municipality having jurisdiction may direct their respective <br />defenses. <br />8. This agreement touches and concerns the land upon which this project is <br />being developed. <br />9. Venue for any lawsuit by either party against the other party or otherwise <br />arising out of this agreement shall be in Indian River County, Florida, or in the event of <br />federal jurisdiction, in the United States District Court for the Southern District of Florida. <br />2 <br />