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FEB 21993 BOOK 88 PAGE 715 that it be filled and that ownership revert back to the property owner and the property owner would grant back to us a drainage easement. The settlement does not include a commitment for us to mow it, but we probably would if our drainage needs require it. Commissioner Adams asked how these takings are funded, and Administrator Chandler explained that monies come primarily from a combination of impact fees and secondary road funds. i%e noted that we have had these budgeted for a good number of years in anticipation of this project, including the excess. ON MOTION by Commissioner Macht, SECONDED by Commissioner Adams, the Board unanimously approved settlement of Parcels #110 and #111 as set forth -in the above staff recommendation. Funding to be from Indian River Boulevard Phase III Fund 309. DEVELOPER'S AGREEMENT FOR PAVING OF 66TH AVENUE BETWEEN OSLO ROAD AND STH STREET SW The Board reviewed the following memo dated 1/27/93: TO: James E. Chandler, County Administrator FROM: James W. Davis, P.E., Public Works Direct; SUBJECT: Developer's Agreement for Paving of 66th Avenue between Oslo Road and 5th Street SW DATE: January 27, 1993 FILE: 66ay.agn DESCRIPTION AND CONDITIONS During the October 6, 1992 meeting of the Board of County Commissioners, the Board approved a draft developers agreement between Golden River Fruit Company and Indian River County which provides for a cost sharing formula to fund paving of 66th Avenue between Oslo Road and 5th Street SW. Since that time, bids have been received for the project. The developers cost of $114,600.05 and County's cost of $86,419.29 have now been defined and a cost -allocation has been added to the draft agreement. Bids were competitively obtained by Carter and Associates, Inc. with four bidders participating (see attached bid tabulation). ALTERNATIVES AND ANALYSIS The bids as submitted are reasonable and staff has no objection to the costs. The alternatives presented are as follows: 36