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DEVELOPER'S AGREEMENT WITH BEAZER HOMES - ISLAND <br />CLUB SUBDIVISION <br />The Board reviewed the following memo dated 3/13/96: <br />DATE: MARCH 13, 1996 <br />TO: JAMES E. CHANDLER <br />COUNTY ADMINISTRATOR. <br />FROM: TERRANCE G. PINTO <br />DIRECTOR OF UTILITY SERVICES <br />PREPARED MICHAEL C. HOTCHKISS, P.E. 7 <br />AND STAFFED ENVIRONMENTAL ENGINEER <br />BY: DEPARTMENT OF UTILITY SERVICES <br />SUBJECT: ISLAND CLUB SUBDIVISION <br />DEVELOPER'S AGREEMENT <br />INDIAN RIVER COUNTY PROJECT NO. CDS/CCS-569 <br />BACKGROUND <br />Attached is a proposed developer's agreement with Beazer Homes <br />Florida for reimbursement of off-site and oversized utility <br />construction. The 10 -inch water main shown on the attached sketch <br />is required to fulfill a Master -plan objective. <br />The 10 -inch water main routing west of the residential development <br />and along Jungle Trail is entirely Master -planned. As such, the <br />developer will be reimbursed the total amount for engineering,and <br />construction.- The portion of 10 -inch through the Island Club <br />community will be utilized .by the residents. Therefore, the <br />developer will be reimbursed based on the hydraulic share of the <br />community. <br />ANALYSIS <br />The attached cost estimates and Project Reimbursement Summary <br />describe the proposed reimbursement schedule based on the <br />applicable hydraulic -share and Master -plan sizing. <br />The construction of this system will assist the County in expanding <br />the water and sewer systems as outlined in the County Master Plan, <br />as well as allow the owner's property to be developed. The total <br />estimated project cost is $454,741.00, $371,578.00 of which will be <br />paid by the County from the impact fee fund. The remaining <br />$83,163.00 of the estimated project cost will be funded by the <br />developer (see attached developer's agreement for details of <br />project cost). The subdivision has purchased 46 ERUs of water and <br />sewer for Phase I of the project. The development will ultimately <br />contain 131 units as other phases are constructed. <br />RECOMMENDATION <br />The staff of the Department of Utility Services recommends that the <br />Board of County Commissioners approve the developer's agreement as <br />presented. <br />35 <br />MARCH 26, 1996 moo 97, PAGE 712 <br />