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FIFTH ADDENDUM TO AGREEMENT <br />BETWEEN <br />INDIAN RIVER COUNTY, FLORIDA AND <br />REDEVGROUP, INC. <br />THIS FIFTH ADDENDUM is made and entered into this 8th day of November , 2022, <br />by and between Indian River County, Florida, a political subdivision of the State of Florida, 1801 <br />27th Street, Vero Beach, FL 32960, ("County"), and REDEVGROUP, INC., a Florida Profit <br />Corporation, 1826 US Highway 1, Vero Beach, FL 32960 ("Developer"). <br />WITNESSETH <br />WHEREAS, County and Developer entered into an Agreement dated June 12, 2018, <br />("Agreement"), which Agreement has been amended by the First, Second, Third and Fourth <br />Addendums thereto; and <br />WHEREAS, County and Developer desire to further amend the Agreement as described <br />herein; <br />NOW, THEREFORE, for in consideration of the mutual promises and covenants contained <br />herein, the sufficiency of which is hereby acknowledged, County and Developer hereby agree as <br />follows: <br />1. The foregoing recitals are incorporated as if fully restated herein. <br />2. Section 4 of the Agreement is hereby amended to read as follows (words <br />underlined are additions; words stmek thfeugh are deleted): <br />Section 4: Developer shall record a Declaration of Restrictive Covenants which <br />will restrict the development of Lot 5 with the following standards: <br />a. The combined pervious and stormwater areas are not to be less than <br />44% of the total property area. No building or pavement shall be <br />constructed within the southern most 75' of property (this area shall <br />be used for landscaping, water retention and signage). <br />b. A minimum of six (6) specimen trees shall be preserved. <br />C. No single building footprint shall exceed 9,400 square feet, and <br />onsite buildings shall be separated by a minimum of 50 feet. The <br />average size of all buildings shall be 7,200 square feet or less. <br />d. State Road 60 criteria, parking, setbacks and buffers shall apply per <br />code. <br />