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V <br />a <br />ANALYSIS <br />The Coralwind Subdivision required 1,349 feet of 8 inch line to serve <br />its water needs. The County agreed to a 10 inch line to serve the <br />surrounding area as well. The County is proposing a Developers <br />Agreement (attached) to compensate the Coral Group Inc., for <br />oversizing the line in the standard amount of $2.00 per inch, per <br />foot of line, that has been oversized, this amounts to $6,646.00. <br />RECOMMENDATION <br />The Department of Utility Services recommends that the Board of <br />County Commissioners approve the attached Developer's Agreement with <br />the Coral Group Inc. <br />ON MOTION by Commissioner Eggert, SECONDED by Commis- <br />sioner Bowman, the Board unanimously (4-0) approved <br />the Developer's Agreement with Coral Group, Inc. <br />AN AGREEMENT BETWEEN <br />INDIAN RIVER COUNTY, FLORIDA <br />and <br />CORAL GROUP INC. <br />Granting reimbursements for oversizing certain <br />offsite utilities required by the County. <br />THIS AGREEMENT made this 6th day of September , 1988, by,' <br />and between INDIAN RIVER COUNTY, a political subdivision of the <br />State of Florida, 1840 25th Street, Vero Beach, FL 32960, (County), <br />and Coral Group Inc P O Box 650195 Vero Beach Florida 32965 <br />(Developer); <br />W I T N E S S E T H 2 <br />WHEREAS, the Developer, in conjunction with the construction of <br />Coral Wind Subdivision, is extending offsite water facilities to <br />serve the subject project; and <br />WHEREAS, the County has required the Developer to oversize the <br />offsite utility improvements to serve the regional area and has <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 the Developer <br />agree as follows: <br />1. The Developer shall construct all necessary offsite <br />utilities, including oversizing necessary to serve the <br />subject project and surrounding area. The County agrees to <br />reimburse the Developer for the oversizing of offsite <br />utilities as outlined below: <br />ITEM <br />Water Main and Fire -Protection <br />TOTAL REIMBURSEMENT <br />TOTAL REIMBURSEMENT <br />$6.646.00 <br />$6,646.00 <br />98 Bou 74 <br />E P 6 1988 <br />