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2023-217
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Last modified
11/2/2023 1:57:14 PM
Creation date
11/2/2023 1:55:10 PM
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Template:
Official Documents
Official Document Type
Addendum
Approved Date
10/03/2023
Control Number
2023-217
Agenda Item Number
8.C.
Entity Name
Ryall Development Group, LLC
Subject
First Addendum to Liberty Park, Phase 1A & 1B Developer’s Agreement
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FIRST ADDENDUM TO LIBERTY PARK, PHASE 1A AND 1B DEVELOPER'S AGREEMENT <br />BETWEEN INDIAN RIVER COUNTY AND RYALL DEVELOPMENT GROUP, LLC <br />THIS FIRST ADDENDUM TO LIBERTY PARK, PHASE lA AND ]B DEVELOPER'S <br />AGREEMENT BETWEEN INDIAN RIVER COUNTY AND RYALL DEVELOPMENT GROUP, LLC (this <br />"Addendum") is made this►� day of aG06er' , 2023. <br />BACKGROUND <br />This addendum is attached to and made a part of that "Liberty Park, Phase IA and 113 Developer's <br />Agreement Between Indian River County and Ryall Development Group, LLC" dated May 18, 2021. <br />AGREEMENT <br />I . Indian River County ("County") and Ryall Development Group, LLC, ("Developer") desire to <br />make certain modifications and additions to the above referenced Developer's Agreement ("DA") and desire to <br />set forth such modifications and additions in this Addendum. <br />2. In the event of a conflict between the terms and conditions of the DA and this Addendum, this <br />Addendum shall control. <br />3. Developer shall make the following dedications to the County within 90 -day of execution of <br />this Addendum by both Parties, subject to the conditions listed below: <br />4. <br />a. 64th Avenue right-of-way, 60 feet in width, as shown on Exhibit A hereto, subject to <br />modification as described below. <br />b. 741 Avenue right-of-way, 60 feet in width, as shown on Exhibit B hereto, subject to <br />modification as described below. <br />c. Fire Station right-of-way, 60 feet in width, as shown on Exhibit C hereto, subject to <br />modification as described below. <br />d. Pond parcel, as shown on Exhibit D hereto, subject to modification as described below. <br />e. 81st Avenue right-of-way, 10 feet in width, as shown on Exhibit E hereto. <br />a. County acknowledges that Developer has pending before County its conceptual PDTND <br />application for administrative approval. In the event the final PDTND approval requires <br />modification to the legal descriptions for any of the dedications described above, County and <br />Developer will cooperate to approve such modifications of the legal descriptions for said <br />dedications. Further, all such dedications shall be made within 60 days of approval by the <br />county of the conceptual PDTND or within 60 days of final approval of the legal descriptions <br />as modified, if such modifications are necessary. <br />b. County hereby agrees Developer shall retain an easement giving the Developer the absolute <br />right to modify the size and shape of the "Pond" to accommodate the future stormwater runoff <br />from the proposed Liberty Park park, storage facility, civic site, and other approved PDTND <br />facilities, provided such modifications shall not cause stage up to an elevation greater than <br />18.92 NAVD-88. <br />
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