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2014-151
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2014-151
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Last modified
3/13/2017 3:44:22 PM
Creation date
1/12/2017 11:48:06 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Miscellaneous
Approved Date
10/07/2014
Control Number
2014-151
Agenda Item Number
13..A.
Entity Name
Hometown America
Subject
Mutual Limited Release
Water Sewer Impact Fees
Area
MHC Village Green
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A TRUE COPY <br />CERTIFICATION ON LAST PAGE 13 ,1\ <br />J.R. SMITH, CLERK <br />l0-7201 if - <br />Zoe Z. <br />MUTUAL LIMITED RELEASE amp tL <br />THIS MUTUAL LIMITED RELEASE is made and entered into by Hometown l <br />America, LLC ("Hometown"), MHC Village Green, LLC ("MHC") and Indian River <br />County ("the County"). <br />WHEREAS, Wilder Corporation ("Wilder") owned a parcel of real property <br />located in Indian River County, Florida (the "Property"), on which it operated a mobile <br />home park known as Village Green; and <br />WHEREAS, as a water and wastewater customer of the County utility system. <br />Wilder was obligated to pay impact fees of one Equivalent Residential Unit ("ERU") for <br />water and one ERU for sewer (collectively, the "Water and Sewer Impact Fee <br />Obligations") for each of the 782 mobile home pads and the 24 common areas for a total <br />of 806 ERUs in Village Green; and <br />WHEREAS, the County and Wilder entered into an agreement (the "Impact Fee <br />Agreement") which set up a plan, in which payment of the Water and Sewer Impact Fee <br />Obligations for a mobile home pad was to be made at the time of sale or resale of a unit <br />within Village Green; and <br />WHEREAS, Wilder conveyed the Property to CWS Communities. LP ("CWS"), <br />an affiliated entity of Hometown; and <br />WHEREAS, CWS conveyed the Property to MHC and, in connection therewith. <br />Hometown agreed to assume all liability to pay the Water and Sewer Impact Fee <br />Obligations; and <br />Page 1 of 5 <br />
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