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DEVELOPER'S AGREEMENT BETWEEN ,f INDIAN RIVER COUNTY, FLORIDA This Developer's Agreement, ( the "Agreement")is made and entered into this 22 day of October , 2019, by and between The Virginia W. Russell Family Limited Partnership., a Florida limited partnership (hereinafter "Russell"); Riverfront Groves, Inc., a Florida corporation (hereinafter "Riverfront"); and Indian River County, Florida, a political subdivision of the State of Florida (hereinafter "County"). Recitals WHEREAS, Russell owns certain property (the "Russell Property") located in Indian 'River County and more particularly described as follows: WHEREAS, Riverfront owns certain property (the "Riverfront Property") located in Indian River County and more particularly described as follows: SEE EXHIBIT "B" ATTACHED AND INCORPORATED HERETO; WHEREAS, on December 3, 2018, the Board of County Commissioners of Indian River County adopted and updated the Capital Improvement Element to its Comprehensive Plan to include funding for a specific'project tentatively called I Ph Drive/McCrystal Drive (hereinafter "II'h Drive"2 as an extension between 37th Street and 41St Street as part of the alternative to widening 37 Street; and WHEREAS, as a result of this decision by the County, 111h Drive qualifies for funding and impact fee credits from the County; and WHEREAS, a portion of the proposed alignmen, of 11th Drive runs along the border between the Russell Property and the Riverfront Property; and WHEREAS, Russell, Riverfront, and the County desire to cooperate with each other to dedicate right-of-way for and to accomplish the construction of 11 th Drive, for the mutual benefit of each party; NOW, THEREFORE, for and in consideration of the mutual covenants contained herein and other good and valuable consideration, Russell, Riverfront, and the County hereby agree as follows: The foregoing recitals are true and incorporated as if fully restated herein.