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FIF- <br />JAN 2 0 1987 <br />Boa 6 7r'k4Uc o6 7 <br />agreed to reimburse the Developer for the cost of oversizing these <br />offsite utilities; <br />NOW, THEREFORE, for and in consideration of the premises and <br />other good and valuable consideration, the County and Developer <br />agree as follows: <br />1. The Developer shall construction all necessary offsite <br />utilities, including oversizing necessary to serve the subject <br />project and surrounding area. The County agrees to reimburse* <br />the Developer for the oversizing of offsite utilities as <br />outlined below: <br />ITEM <br />Gravity Collection System <br />Wastewater Force Main <br />Water Distribution System <br />TOTAL REIMBURSEMENT <br />TOTAL REIMBURSEMENT <br />$ 2,585.00 <br />$31,800.00 <br />$29,928.00 <br />$64,313.00 <br />2. The County shall reimburse the Developer with 50% of all <br />impact fees collected from Lake in the Woods - at Vero Beach <br />and surrounding properties who connect to the portion of water <br />and/or wastewater systems constructed by the Developer in <br />conjunction with the Lake in the Woods - at Vero Beach project <br />during the first five years after acceptance of the subject <br />construction by the County, not to exceed the total allowable <br />reimbursement of $64,313.00. <br />IN WITNESS WHEREOF, the County and the Developer have caused <br />these presents to be executed in their names the day and year first <br />above written. <br />WEDGEWOOD PARK DEVELOPMENT, INC. <br />David d'. Quigley, Pr ident <br />INDIAN RIVER COUNTY, FLORIDA <br />BOARD OF COUNTY COMMISSIONERS <br />By: v,. G IM <br />Don C. S urloc r. <br />6 Chairman <br />