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THIS INSTRUMENT PREPARED BY: <br />Charles W. Edgar, III, Esquire <br />Cherry, Edgar & Smith, P.A. <br />8409 N. Military Trail, Suite 123 <br />Palm Beach Gardens, Florida 33410 <br />DEVELOPER'S AGREEMENT BETWEEN <br />INDIAN RIVER COUNTY <br />AND <br />GRBK GHO HIGH POINTE, LLC <br />THIS DEVELOPER'S AGREEMENT ("Agreement") is made and entered into this <br />13th day of October , 2020, by and between INDIAN RIVER COUNTY, FLORIDA, a <br />political subdivision of the State of Florida, 180127 111 Street, Vero Beach, FL 32960 ("County") <br />and GRBK GHO HIGH POINTE, LLC, a Florida limited liability company, 590 NW Mercantile <br />Place, Port St. Lucie, FL 34960 ("Developer"). <br />WITNESSETH: <br />WHEREAS, Developer proposes to develop a single family home subdivision located on <br />South Winter Beach Road (65th Street) in Indian River County, Florida, to be known as "High <br />Pointe", on real property legally described as follows: <br />SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF. <br />WHEREAS, the County and the Developer share mutual goals and have determined that <br />they can assist each other with respect to certain intersection improvements described herein and <br />required as a condition of the County's approval of the High Pointe development;.and <br />WHEREAS, the County and the Developer desire to enter into this Agreement to set forth <br />the terms and conditions to which they have agreed with respect to the matters contained herein; <br />NOW, THEREFORE, for and in consideration of these premises, Ten Dollars ($10.00), <br />and other good and valuable consideration, the receipt and sufficiency of which are hereby <br />acknowledged, the County and the Developer do hereby covenant, stipulate, and agree as follows: <br />1. Recitals: The foregoing recitals are incorporated as if fully restated herein. <br />2. Intersection Improvements: The Developer shall contribute to the County <br />Developer's share of the cost of the ultimate build -out of the following intersection <br />improvements (a) 58th Avenue and 491h Street: $49,480.58, representing a 1.9% <br />share and (b) 581h Avenue and 65th Street: $158,262.82, representing a 19.6% share. <br />County acknowledges that the contributions above satisfy the Developer's entire <br />C:\USERS\BDEBRAAL\APPDATA\LOCAL\MICROSOF'nWINDOWS\INETCACHE\CONTENT.OUTLOOK\EXQWFHBMUUGH POINT DEVELOPERS AGREEMENT 200916.DOCX <br />