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• • 7r�-- -3-:3 9 AN AGREEMENT (DEVELOPER'S AGREEMENT) BETWEEN INDIAN RIVER COUNTY, FLORIDA AND INDIAN RIVER COMMUNITY COLLEGE (I.R.C.C.) FOR THE CONSTRUCTION OF OFF-SITE UTILITIES THIS AGREEMENT made this 23rd day of Novei.iber , 1999 by and between INDIAN RIVER COUNTY, a political subdivision of the State of Florida, the address of which is 1840 25th Street, Vero Beach, Florida 32960 (hereinafter the COUNTY) and INDIAN RIVER COMMUNITY COLLEGE (I.R.C.C.) College Lane, Vero Beach, Florida 32958 -(hereinafter the DEVELOPER). WITNESSETH: WHEREAS, the DEVELOPER, in conjunction with the construction improvements at Indian River Community College is providing water and wastewater facilities to serve the subject property, and WHEREAS, the COUNTY, has required the DEVELOPER to provide the utility improvements to serve the regional area and has agreed to reimburse the DEVELOPER for the cost of providing these off-site utilities, NOW, THEREFORE, for and in consideration of the premises and other good and valuable consideration, the COUNTY and DEVELOPER agree to the special conditions (SC) as follows: SC - 1. OFF-SITE UTILITIES: The DEVELOPER shall construct the necessary off-site utilities described herein, per Indian River County Utilities Department construction standards. The COUNTY shall reimburse the DEVELOPER for construction of these off-site utilities as outlined below: A 12 -inch Diameter Water Line along the northern boundary of the IRCC Property The DEVELOPER shall famish and install a new 12 -inch PVC MASTER PLAN water line along the north property line of the I.R.C.C. Campus. The 12 -inch waterline shall extend from the eastern most boundary line and extend approximately 1,250 lineal feet to the west. "The DEVELOPER shall make connection to existing water mains located on Flora Lane (6 -inch) and Charlotte Ave (4 -inch) and provide future sub out connections along Lyons Ave. and Harson Ave. The new water line shall extend west along the northern property line for a total distance of approximately 1,250 lineal feet. The water line shall be designed to connect to a future 12 -inch MASTER PLAN waterline to be installed along 66'h Avenue. Immediate Reimbursement: Upon payment of Capacity Charges, the COUNTY will provide immediate reimbursement to the DEVELOPER based on an itemized invoice of installed materials on a percentage complete basis (lesF 10% retainage) monthly, with final payment and release of retainage at the time the above referenced facilities are dedicated to and accepted by the COUNTY. Reimbursements shall be in the form of check from the COUNTY, and shall not exceed the amount of $61,605. Refer to Exhibit B, attached. Developer's Agreement Indian River Community College Page 1 of 9 C.X%o m Doyb FiIWProjod - Indim Riva CoTm.,Ry CoBep\Ag,m, and - D.,,Iopm Agrcemmt IRCC Cary. - Nov }, I999.e—