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C_1 C Reimbu3s_��e t Inunediate Reimbursement: UAR payment of Capacity Chakkes, the COUNTY will provide immediate reimbursement the DEVELOPER based on an itemized invoice of installed materials on a percentage complete basis (less 10% retainage) monthly, with Find payment and release of retainage at the time the aboye referenced facilities are dedicated to and accepted by the COUNTY. The COU{ N will reimburse the DEVELOPER,pursuant to the provisions Of Section 201.11, Code of Indian River County, for €ands advanced by DEVELOPER to construct water and wastewater facilities in accordance with the COUNTY'S Master Alan, less the cost of the DEVELOPER'S share of the limes and facilities. Reimbursement will be in the form of check from the COUNTY, and shall not exceed the amount oft$ 67.559 94 less the line extension fees (see attached Exhibit A). The Developer shall pay line extension fees in the amount of $15.77 per foot of property frontage for tire proposed sewer line and $11-25 per foot of frontage for the proposed waterline, Line Extension Fees: 9$ Ave Frontage (west side) Wastewa FcFees: Cast per Front Footage 453 Water Fces Cost per Front S 11.25 g-2 2 Am ndmenY A written instrument executed by the party or panics to be bound thereby may only amend this Agreement, 3 As i n_ b'li Either party may assign this Agreement, however, the rights granted herein shall run with tite land and are not considered the personal property of the DEVELOPER. Iberefore, while the DEVELOPER has the right under this Agreement to freely transfer the rights and obligations grained by this Agreement, the assignee shall not have the right to transfer these rights to another property unless this Agreement is amended in writing by the assignee and the COUNTY to provide otherwise. - 4. utlt ' Each party hereto represents and warrants to the other that the execution of this agreement and any other documents required or necessary to be executed pursuant to the provisions hereof are valid, binding obligations and are enforceable in accordance with their terms. C - 5. Eiddin and Aw p y rave bid proposals and The Indian River County Dc artmeut of Utility Services shall review and app p po engineering costs related with the Work described herein. At least three (3) bid estimates from qualified utility contractors must be submitted to the Department of Utility Services for review. Approval of project costs will be a condition of the Utility Department's reimbursement for construction. Furthemtore, no work shall commence undl the Utility Department provides written approval of the final constmction cost. Tile County may require redesign and J or re bid if project costs significantly exceed that contained in Exbibit B. Page 2 or 8 C:dawn noyle F&,4hIjMI-9&h Aw Wa k3ewa\Fgsuaemt•N,.Wp-Ari.real-9$dl A-- Wil- 9.3uvn dx tkucl�p 's Agreement Alfrat P. Scupinich