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INDIAN RIVER COUNTY <br />(hereafter Petitioner) <br />VS. <br />BANACK FAMILY LIMITED PARTNERSHIP <br />(hereafter Defendant) <br />PRE -SUIT MEDIATION SETTLEMENT AGREEMENT <br />The above named Petitioner and Defendant have reached the following <br />agreements in full and complete resolution of the above styled pre -suit claim, which <br />arises out of an eminent domain claim by the Petitioner against the property owned <br />by the Defendants and located at 6580 61st, Vero Beach FL 32967, (Hereafter <br />"Parcels 301 and 302") the legal description of which is included on exhibit A: <br />1. Within 20 days of the County Commission approving this Agreement as <br />described herein, the Petitioner agrees to do the following: <br />a. The Petitioner will pay to the Defendant the total sum of $110,000.00 (One <br />Hundred Ten Thousand Dollars); and <br />b. The Petitioner will pay the Defendant $20,955.00 (Twenty Thousand Nine <br />Hundred Fifty Five Dollars) in attorney's fees, including any non -monetary <br />claims for fees; and <br />c. The Petitioner will pay Defendant $2500.00 (Two Thousand Five Hundred <br />Dollars) in reimbursement for Defendant costs. <br />2. Within 20 days of the County Commission approving this Agreement as <br />described herein, the Defendant agree to do the following: <br />