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3. 581h Avenue Right-of-way Dedication: Within ten (10) days of approval of this agreement the Developer shall dedicate to the County a total of ±1.08 acres of property to be used as right-of-way for improvement of 58th Avenue, consisting of 0.70 acres of property not encumbered by Murphy Reservation and 0.38 acres encumbered by a Murphy Reservation, with sixty-seven feet (67') of right-of-way along the project's 58th Avenue frontage from the south property line to 49th Street a distance of approximately 616.70 feet to include a corner clip of property fronting 491h Street as depicted on Exhibit `B" attached and incorporated herein by reference. The County shall compensate the developer $28,000 for the 0.70 acres of property not encumbered by a Murphy Reservation as outlined in the property appraisal obtained by the County on dated March 1, 2018. 4. Stormwater Capacity The Developer shall provide stormwater capacity for 581h Avenue improvements as follows: • Within ten (10) days of approval of this agreement the Developer shall provide non-exclusive stormwater and ingress/egress easement for Proposed Tract "G", Tract "M", and Tract "N" that also encumbers portions of Landscape Buffer, Tract "C" and Tract "Q" as depicted in Exhibit "C" attached and incorporated herein by reference as part of this agreement. The non-exclusive easements above will terminate with the recordation on the Plat for Arabella Reserve as the plat will provide the County with easements of said parcels in perpetuity by plat dedication. • Prior to issuance of the Certification of Completion for Arabella Reserve the Developer shall construct stormwater treatment improvements as designed and permitted as part of the Indian River County Land Development Permit SD -18-01-01/2003060207-80394 to accommodate the stormwater from the construction of 58th Avenue roadway improvements. The County shall compensate the Developer for the design, engineering and construction of these improvements as defined in Exhibit "D" attached and incorporated herein by reference. The County shall not be required to remit the compensation for the design, engineering and construction of the stormwater treatment improvements until the issuance of the Certificate of Completion for Arabella Reserve. • The Developer agrees that Stormwater Tract "G", Tract "M", and Tract "N" will be maintained by the Homeowners association in perpetuity. 2