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Funding: <br />Funding for this Agreement is derived from the Utilities Capital Fund. Utilities capital funds are generated <br />from impact fees. Furthermore, new growth has created the need for the expansion or construction of <br />the facilities, and that new growth will benefit from the expansion or construction of the facilities. <br />Name <br />Account Number <br />Amount <br />Lost Tree Preserve — Water Line Extension <br />472-169000-17535 <br />$241,826.03 <br />Lost Tree Preserve — Sewer Line Extension <br />472-169000-17536 <br />$ 44,471.28 <br />Recommendation: <br />Staff recommends approval of the First Amendment to the Agreement between Indian River County, FL and <br />Lost Tree Preserve, LLC for Lost Tree Preserve Planned Development, reimbursing the developer as outlined <br />in Exhibit D, and authorize the Chairman to execute the First Amendment on their behalf for $135,980.08. <br />Attachments: <br />1. First Amendment to the Agreement for Lost Tree Preserve PD <br />70 <br />