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2019-173
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2019-173
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Last modified
3/7/2024 9:32:51 AM
Creation date
10/24/2019 3:31:57 PM
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Template:
Official Documents
Official Document Type
Deed
Approved Date
10/22/2019
Control Number
2019-173
Agenda Item Number
13.A.
Entity Name
The Virginia W. Russell Family LTD. And Riverfront Groves, Inc./
Subject
Developers Agreement
Right of Way Deed
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of the temporary stormwater facility. The County shall be responsible for costs <br />associated with design, permitting, and construction of the temporary facility. <br />8. Russell's obligation to design, permit, and construct the 11th Drive Project in <br />accordance with Chapter 312 of the Indian River County Code of Ordinances is <br />expressly contingent upon Russell's election to proceed with developing the <br />Russell Property. In the event Russell orits assignee elect not to proceed with the <br />development within six (b) months from the date of this Agreement, then the <br />County may proceed to design, permit, and construct then lth Drive Project at its <br />own cost and expense except Russell Project -Related Improvements. If the <br />County proceeds with design, permitting, and construction of the 11 th Drive <br />Project, the County will offer in writing to Russell the opportunity to participate <br />in the design, permitting, and construction of Russell Project -Related <br />Improvements. Notwithstanding the foregoing, Russell shall still timely dedicate <br />the right -of- way as described herein in exchange for impact fee credits and <br />density credits as described above. <br />9. The Parties acknowledge the County is negotiating to purchase the right-of-way <br />necessary to extend 11th Drive from Russell's south property boundary south to <br />37th Street. If the County has not entered into a contract for the purchase of said <br />right-of-way within 90 days of the date of this Agreement, then Russell or its <br />successors .or assigns shall, include as part of the site plan. and right-of-way <br />permitting process, a temporary connection to 12th Drive, to provide a southern <br />access to the Russell Property development from 37th Street. When 116' Drive is <br />completed in an alignment from 37th Street to 41St Street, this temporary access <br />connection to 12th Drive will be closed by Russell or its successors. <br />10. Miscellaneous: <br />A. In the event. of any litigation arising out of this Agreement, the prevailing <br />party shall recover attorney's fees and costs from the non -prevailing party. <br />B. No amendment, modification, change, or alteration of this Agreement <br />shall be valid or binding unless accomplished in writing and executed by all of the <br />parties hereto. <br />C. This Agreement may be assigned and shall be binding upon and inure to <br />the benefit of the parties hereto and their successors and assigns. <br />D. This Agreement contains the entire agreement and understanding between <br />the parties. No representation, statement, recital, undertaking, or promise not <br />specifically set forth herein shall be binding on any parties hereto. This <br />Agreement shall not be effective unless signed by Russell, Riverfront, and the <br />County. <br />
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