Laserfiche WebLink
AGREEMENT <br />This Agreement is made this 5th day of December 1984, <br />between BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER <br />COUNTY, FLORIDA, a political subdivision of the State of Florida, <br />and FLORIDA -ATLANTIC ASSOCIATES, a New York General <br />Partnership. <br />W I T N E S S E T H: <br />WHEREAS, the Board of County Commissioners of Indian <br />River County, Florida, previously granted a water and sewer <br />franchise to Florida -Atlantic Associates for the purpose of <br />providing a potable water supply and wastewater collection and <br />treatment facilities; and <br />WHEREAS, under the terms of said franchise (Resolution <br />No. 80-88), Florida -Atlantic Associates is required to pay into <br />the County, to be held in escrow, certain impact fees and <br />maintenance fees; and <br />WHEREAS, the purpose of these payments under the <br />franchise is to help insure the proper maintenance and - eventual <br />connection to a_ public water and wastewater system; and <br />WHEREAS, Florida -Atlantic Associates is in arrears in <br />the payment of these funds; and <br />WHEREAS, Florida -Atlantic Associates is required with <br />respect to Phase IV to pay into escrow $500.00 per month until the <br />total reaches the sum of $27,424.00, plus the additional sum of <br />$227.00 per mobile home that has received a Certificate of <br />Occupany. <br />WHEREAS, Florida -Atlantic Associates and the County <br />desire to enter into this Agreement for the purpose of requiring <br />these funds to be brought current. <br />NOW, THEREFORE, the parties agree as follows: <br />I. Florida -Atlantic Associates agrees to make a payment <br />to Indian River County once each week in an amount not less than <br />$2,000.00 per week to be applied against the current balance due <br />(as of 11/6/84) of $75,546.15. <br />2. In the event Florida -Atlantic Associates fails to <br />make any payment required by Paragraph 1 of this Agreement within <br />seven days of its due date, then Indian River County shall refuse <br />to issue any further certificates of occupancy for the project <br />until the payments described in Paragraph 1 hereof are brought <br />current. Florida -Atlantic Associates agrees that in the event of <br />default under Paragraph 1 hereof, Indian River County has the full <br />right and authority to withhold the issuance of such certificates <br />of occupancy. <br />IN WITNESS WHEREOF, the parties have hereunto set their <br />hands and seals on the date set forth beneath their signatures. <br />Sign d an ealed in the FLORIDA -ATLANTIC ASSOCIATES <br />pr se <br />44�:� <br />By . /.Y `1_ /l� y <br />Genera ;&?er- <br />Date <br />r� <br />Witness <br />43 <br />DEC 5 1984 - BooK 59 [,nF.121 <br />