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A"- 4 1984'�J6 . EXHIBIT; nA�t <br />BOOK 6 PAGE 574 <br />AGREEMENT.FOR EXPANSION <br />AND <br />OPERATION OF WATER PLANT <br />A <br />THIS AGREEMENT, made and entered into as of the 31St day of <br />�AIjgrlK , 1984, by and among REALCOR-VERO BEACH ASSOCIATES, a Florida <br />partnership (the "Purchaser".), FLORIDA -ATLANTIC ASSOCIATES, a New York <br />partnership (the "Seller"), and FLORIDA -ATLANTIC ASSOCIATES, NUMBER TWO, <br />a New York partnership (the "Adjacent Owner"). <br />W1 T N.E S SETH: <br />WHEREAS, Seller has as of this day conveyed to Purchaser that <br />n - <br />certain parcel of land located iIndian River County, Florida, known as <br />Village Green South, and being more particularly described in Exhibit A <br />attached hereto and .made a part hereof (the "Property"). upon which Pur- <br />chaser intends to develop a mobile home park containing approximately <br />seven bundred seventy-six (776) units; <br />k`HEREAS, Adjacent Owner is the owner of that certain parcel of <br />land located in Indian River County, Florida, being more particularly <br />described in Exhibit B attached hereto and made a part hereof (the <br />"Adjacent Property") upon which Adjacent Owner operates a mobile home <br />park known as Village Green West; <br />WHEREAS , there is located on the Adjacent, Property, a water <br />plant which pumps, purifies and distributes water to the occupants of the <br />Adjacent Property (the "Water Plant"); <br />WHEREAS, Purcbaser desires to expand the Water Plant, at Pur- <br />cbaser's sole expense, to a capacity sufficient for- the purposes of <br />providing water to the Property and all of its future occupants; <br />NOW, THEREFORE, in consideration of Ten and N01100 Dollars <br />($10.00), the mutual promises and covenants and other good and valuable <br />consideration, the receipt and sufficiency of which are hereby ackn8w- <br />ledged, the parties hereto hereby agree as follows: <br />1. Unless Purchaser shall elect to cause water to be supplied <br />to the Property from sources other than the Adjacent Property (which <br />election shall be Purchaser's to make in its sole and absolute discre- <br />tion). Purcbaser hereby agrees that, no later than the completion of the <br />second designated "pbase" of the development of the Property. (as such <br />"phases" are delineated in that certain "Agreement of Purchase and Sale <br />of Village Green South" between Seller and Purchaser, dated as of <br />August 19, 1983), Purchaser shall, at its own expense, expand the Water <br />1/27/86 q0 06 78 PA 6E 2 4 1 <br />.-. .. i,di-r+s'fkC.�:�•tiB�'H1:n!`,0� <br />