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MAY 2 8 1996 BOOK 64 5,56 5-14-86(AA)uti1TTP AN AGREEMENT BETWEEN INDIAN RIVER COUNTY, FLORIDA and STEVE BARNETT IMPORTS For Certain Utility Installations THIS AGREEMENT made this 28,th day of May 1986, by and between INDIAN RIVER COUNTY, a political subdivision of the State of Florida, 1840 25th Street, Vero Beach, FL 32960, (County) , and STEVE BARNETT IMPORTS, PO BOX 908 , Ft. Pierce, FL 33454, (Developer) , W I T N E S S E T H: WHEREAS, Developer has purchased water taps equivalent to 5 ERUs at a cost of $1,140 each for a total of $5,700.00 for the development of the Developer's project at STEVE BARNETT IMPORTS; and WHEREAS, in addition, the County has required the Developer to construct and pay for approximately 550 feet 16 -inch water main and appurtenances, which main is oversized 8 inches to comply with the County Master Plan for water main extensions, from plans engineered by and paid for by the County; NOW, THEREFORE, for and in consideration of the premises and other good and valuable consideration, the County and the Developer - agree as follows: 1. The Developer shall pay $5,700.00 to the County, which is the cost of five ERU water connections at $1,140.00 each. 2. The Developer shall construct and pay for approximately 550 feet of 16 -inch water main and appurtenances and shall be reimbursed $8,800.00 by the County for oversizing the water main by eight inches. This reimbursement is calculated as follows: 8" water main @2.00 per inch per foot = $16.00 per foot x 550' TOTAL $8,800.00 3. All utility impact fees must be paid before issuance of a building permit. Construction of the water main and appurtenances must be completed before the certificate of occupancy is issued and the reimbursement made. 4. The Developer agrees to provide all necessary perpetual easements for the proposed water line should adequate land not be available in the County Right -of -Way.