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ON MOTION by Commissioner Bowman, SECONDED by <br />Commissioner Scurlock, the Board unanimously <br />approved the Developer's Agreement with First <br />National Bank of Florida, as recommended by <br />staff. <br />DEVELOPER'S AGREEMENT IS ON FILE IN THE OFFICE OF THE CLERK TO <br />THE BOARD <br />DEVELOPER'S AGREEMENT WITH WINDSOR POLO 8 BEACH CLUB AND ORCHID <br />ISLAND GOLF AND BEACH CLUB <br />The Board reviewed the following memo dated 8/3/89: <br />DATE: AUGUST 3, 1989 <br />TO: JAMES E. CHANDLER <br />COUNTY ADMINISTRATO <br />FROM: TERRANCE G. PIN O <br />DIRECTOR OF UTI ERVICES <br />SUBJECT: DEVELOPERS AGREEMENT BETWEEN INDIAN RIVER <br />COUNTY, WINDSOR POLO AND BEACH CLUB AND <br />ORCHID ISLAND GOLF*AND BEACH CLUB <br />PREPARED AND STAFFED BY: WILLIAM F. MICA <br />PROJECTS ENGINE <br />DEPARTMENT OF UT ITY SERVICES <br />BACKGROUND <br />The Polo Club has extended off-site utilities on State Road A -1-A <br />from the Polo Club site to our existing water line just South of the <br />intersection of A -1-A and Rt. 510. They also constructed and <br />oversized a looping line from A -1-A to Jungle Trail on Rt. 510. <br />The utilities have been oversized to serve the regional area. <br />Indian River County Utilities wishes to reimburse;..:Polo and Orchid <br />thru impact fees credit for the cost of oversizing. <br />ANALYSIS <br />A detailed analysis is listed on the attached Agreement. The totals <br />are as follows: <br />Total line cost: $419,599.04 <br />Total credit for line oversizing $111,559.20 <br />RECOMMENDATION <br />The staff of the Department of Utility Services recommends that the <br />Board of County Commissioners approve the aforementioned Developers <br />Agreement. <br />AUG 2 `669 51 BOOK � � Fa,t �. u <br />