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3. specifies that no new improvements, which to serve the principal use or will increase the reservation area will be installed in vation area. are required the value of the reser- Upon the approval of the reservation agreement; by the Board of County, Commissioners, the condition requiring the. reservation of right-of-way per Section 2.3.3(D) (1) (c) will be satisfied, and the applicant will be able to .receive. his building 'permit once. all other.conditions of site plan approval have been met. RECOMMENDATION: Based on the analysis performed, staff recommends that the Board of County Commissioners accept the attached "Reservation of Road Right -of -Way" (Attachment #3), and authorize the chairman of the Board of County Commissioners to affix his signature thereto. ON MOTION by Commissioner Eggert, SECONDED by Com- missioner Bowman, the Board unanimously approved Reservation of Road R/W Agreement with Williamson, Inc., doing business as Dorwill Corp. RESERVATION OF ROAD RIGHT-OF-WAY THIS AGREEMENT, made and entered into this day of 1987, by and between Indian RTv r County, a po iticaT subdivision of the State of Florida, and Williamson Inc., doing business as Dorwill Corp., a Delaware corporation, its successors, and assigns; WHEREAS, Williamson Inc., doing business as Dorwill Corp., is the owner of .certain property within Indian River County located on land more particularly described in Exhibit "A", attached hereto and incorporated herein; and WHEREAS, Williamson Inc., doing business as Dorwiil Corp., wishes to further develop said property in accordance with a site plan requiring Indian River County approval; and WHEREAS, as part of the site plan approval, Indian River County desires certain assurances regarding the reservation of a portion of the aforementioned property, more particularly described in Exhibit "B", attached hereto and incorporated herein, for future right-of-way purposes; and WHEREAS, Williamson Inc., doing business as Dorwill Corp., recognizes that the County will acquire said property as described in Exhibit "B" when such acquisition becomes necessary for roadway expansion or improvements incidental to roadway expansion; and WHEREAS, Williamson Inc., doing business as Dorwill Corp., desiring that this Reservation of Right -Of -Way resolve certain questions pertaining to said property, is willing to cooperate in obtaining, site plan approval by committing to the covenants, conditions, and terms further described herein; 9 I APR 21 1r"J8 BOOK 68 PAGE 1