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DEC 191979
<br />AGREEMENT
<br />�(lUit 2 PAGE 412
<br />This Agreement is made thisth day of August, 1979,
<br />between Florida Land Company, a Fjjor-172ra corporation, and the
<br />Board of County Commissioners of Indian River County, a govern-
<br />mental agency.
<br />WHEREAS, Florida Land Company is the owner of certain
<br />property in Indian River County more particularly described in
<br />Exhibit "A" attached hereto; and
<br />WHEREAS, Florida Land Company desires to subdivide and
<br />plat said property described in Exhibit "A" into a residential
<br />subdivision to be known as "Bent Pine"; and
<br />WHEREAS, Florida Land Company desires to construct all
<br />improvements within said subdivision in accordance with all
<br />laws, ordinances, rules and regulations of Indian River County,
<br />and further desires to provide assurance to Indian River County
<br />that said subdivision will, in fact, be so constructed; and
<br />WHEREAS, the Board of County Commissioners of Indian River
<br />County, as a prerequisite to approval of the plat subdividing
<br />the property desires to have assurances that construction of
<br />improvements shown on the plat will be constructed in accordance
<br />with applicable laws, ordinances, rules and regulations;
<br />NOW, THEREFORE, in consideration of the mutual promises
<br />and undertakings set forth herein, the parties hereto agree
<br />as follows:
<br />1. In connection with the construction of improvements on the
<br />property described in Exhibit "A" attached hereto, which is
<br />proposed to be platted into Bent Pine Unit 1 and Unit 2, Florida
<br />Land Company will construct the following improvements in accor-
<br />dance with applicable laws, ordinances, rules and regulations of
<br />Indian River County. The cost of said improvements, pursuant to
<br />the engineer's estimate of Beindorf and Associates, Inc., is set
<br />forth in Column 1, a 20o inflation factor is set forth in Column 2,
<br />and the total of those two figures is set forth in Column 3.
<br />M
<br />M
<br />Column 1
<br />Column 2
<br />Column 3
<br />Item
<br />Cost
<br />+20%
<br />---
<br />To— t- al "
<br />1.
<br />Subgrading and grading
<br />$43,400 •
<br />$ 8,680
<br />$ 52,080
<br />2.
<br />Road base & asphalt surface
<br />44,600
<br />8,920
<br />53,520
<br />3.
<br />Concrete curbs
<br />33,900
<br />6,780
<br />40,680
<br />4.
<br />Catch basins & storm sewers
<br />213,200
<br />42,640
<br />255,840
<br />5.
<br />Engineering
<br />50,200
<br />10,040
<br />60,240
<br />TOTAL
<br />$385,300
<br />$77,060
<br />$462,360
<br />M
<br />M
<br />
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