Laserfiche WebLink
PHASE 3 <br /> CASH DEPOSIT AND ESCROW AGREEMENT <br /> FOR <br /> COMPLIANCE AND RESTORATION <br /> RE: BLUE GOOSE SAND MINE, PHASE 3 <br /> (FORMERLY KNOWN AS RANCH ROAD LAKE SAND MINE) <br /> SP-MA-05-01-02 (PH3)(2004040371) <br /> THIS AGREEMENT is entered into this 4th day of October , <br /> 2016, by and between BAYTREE VENTURES, LLC, a Florida limited liability <br /> company (Developer), and INDIAN RIVER COUNTY, a political subdivision of <br /> the State of Florida (County): <br /> WITNESSETH : <br /> WHEREAS, Developer is mining certain property within Indian <br /> River County and is required to post bonds insuring compliance with the. <br /> requirements of the approved mining site plan; Indian River County Code <br /> Section 934.07; and restoration of the site; and <br /> WHEREAS, on August 18, 2015 County approved the Assignment <br /> of Cash Deposit and Escrow Agreement for Compliance and Restoration with <br /> regard to Ranch Road Lake Sand Mine, Phase 1, now known as Blue Goose <br /> Sand Mine; and the funds posted by Ranch Road Lake, L.L.C. under Phase 1 <br /> were assigned by the Chapter 7 Trustee in bankruptcy for Ranch Road Lake, <br /> L.L.C. to Baytree Ventues, LLC; those funds being in the amount of $70,290.00 <br /> in cash to insure compliance ($51,430.00) and restoration ($18,860.00) with the <br /> requirements of the approved mining site plan for Phase 1; and <br /> WHEREAS, Phase 1 was restored to the satisfaction of the County <br /> based on site inspection and the Developer is now desirous to move into Phase <br /> 3; and <br /> WHEREAS, Developer wishes to transfer the entire $70,290.00 <br /> cash being held by County, from Phase 1 to Phase 3, <br /> NOW, THEREFORE, in consideration of the agreements, <br /> promises, and covenants set forth herein, and other good and valuable <br /> considerations, the parties hereto agree as follows: <br /> 1. The Developer agrees to the transfer of the entire $70,290.00 <br /> from Phase 1 to Phase 3; said sum shall continue to be held in escrow by the <br /> County Office of Management and Budget (Escrow Agent), but <br /> I <br />