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CANCELLATION OF AGREEMENT <br />FOR RESERVATION OF ROAD RIGHT-OF-WAY <br />THIS AGREEMENT for Cancellation of Agreement for Reservation of Road Right -of -Way <br />made and entered into this day ofJanuary, 2017 by and between Indian River County, a <br />political subdivision of the State of Florida herein after "COUNTY", whose address is 1801 27th <br />Street, Vero Beach, FL 32960 and United Irrigation, Inc., a Florida corporation, hereinafter <br />"United" whose address is 686 3rd Place, Vero Beach, FL 32962. <br />WHEREAS, UNITED is the owner of a certain parcel of property located in Indian River <br />County at the southwest corner of U.S. Highway 1 and 11th Street with an address of 825 11th <br />Street, Vero Beach, FL and depicted in the aerial photo described in Exhibit "A" attached; and <br />WHEREAS, the COUNTY and UNITED entered into an Agreement for Reservation of <br />Road Right -of -Way ("Agreement") dated March 22, 1988 recorded in the Public Records of <br />Indian River County at OR Book 795, Page 302, attached hereto as Exhibit "B"; and <br />WHEREAS, the parties entered into that Agreement in order for UNITED to obtain site <br />plan approval; and <br />WHEREAS, the parties no longer desire to be bound by the terms and the conditions of <br />that Agreement; and <br />NOW, THEREFORE, in consideration of the benefits accruing to the parties and other <br />good and valuable consideration, the sufficiency of which is hereby acknowledged, the parties <br />agree as follows: <br />1. The Agreement for Reservation of Road Right -of -Way dated March 22, 1988 and <br />recorded at OR Book 795, Page 302 is hereby cancelled and is of .no further effect on the <br />parties. <br />1 <br />P55 <br />