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N OV 1985 <br />BOOK 62 pAu 684 <br />AN AGREEMENT BETWEEN - <br />INDIAN RIVER COUNTY, FLORIDA <br />and <br />VERO MOTEL ASSOCIATES, LTD. <br />THIS AGREEMENT made this 6th day of November <br />_ <br />1985, <br />by and between INDIAN RIVER COUNTY, a political <br />subdivision <br />of the State of Florida, 1840 25th Street, Vero Beach, <br />FL 32960, hereinafter referred to as "County," and VERO MOTEL <br />ASSOCIATES, <br />LTD., 2258 North Military Trail, West Palm Beach, FL ' <br />33409, <br />hereinafter referred to as "Developer," <br />WITNESSETH: <br />WHEREAS, Developer is desirous of constructing a motel <br />within <br />the service territory of the County Utility System; and <br />WHEREAS, the motel desires water and sewer service <br />before <br />the County will be able to construct the necessary force <br />mains, <br />lift stations, -and water mains; and _ <br />WHEREAS, to accelerate the availability of water and <br />sewer service to the Developer's property, the Developer has <br />constructed, or will construct, certain off-site utility <br />improvements to County specified sizes which are in excess of the <br />size required solely for the Developer's motel; and <br />WHEREAS, the County has agreed to credit to the <br />Developer the oversizing costs as a portion of his water and sewer <br />impact fees, <br />NOW, THEREFORE, for and in consideration of these <br />premises and other good and valuable consideration, the County and <br />the Developer agree as follows: _ <br />1. Water Mains <br />The Developer's project requires not more than an <br />eight -inch water main to be constructed while the County Master <br />Plan size requires that the water main be twelve -inch. The cost <br />of an eight -inch line is approximately $11,231 while the cost of a <br />twelve -inch line is approximately $28,280. The County shall allow <br />a credit against water impact fees for an amount equal to $2.00 <br />per inch per foot of this oversizing, plus $775. for an additional <br />valve, for a total credit of $7,175. <br />58 <br />