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SETTLEMENT OF_LAWSUIT_WITH SEMINOLE SHORES <br />Assistant County Attorney James Wilson explained that a <br />little over a year ago the County filed a lawsuit against the <br />owner of Seminole Shores because a required water treatment plant <br />for the development was not constructed, nor was water supplied <br />to the lots in the development. We took them to court and won <br />a judgement against them, which gave the County enough money to <br />install a water system ourselves if we choose to foreclose on the <br />property. However, the developer of the property has now found a <br />buyer, but with our lien being recorded, he cannot sell the <br />property unless we release the judgement lien. At this time the <br />City of Vero Beach has an agreement to supply water to this area, <br />and the developer has agreed to escrow with the County a <br />sufficient amount of money to install all of water lines if we <br />release our judgement against the property. The reason for this <br />matter being added to today's Agenda is that the developer wants <br />to close on the sale next week. <br />Attorney Vitunac asked what happens if the City provides the <br />water to the subdivision, and Attorney Wilson explained that the <br />City is only going to provide a hookup on AIA and it is the <br />developer's responsibility to construct the water lines into the <br />development. <br />Administrator Wright suggested that the Utilities Department <br />determine the amount to be escrowed and then place an additional <br />amount on top of that. <br />Attorney Wilson agreed that the developer should escrow an <br />amount that would assure that the plant is built, if it becomes <br />necessary, plus an additional amount to cover our administrative <br />costs. He assured the Board that the judgement will not be <br />released until the escrow funds are in place. <br />65 <br />JAN 8 1986 s00x <br />