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ab <br />40 <br />4J <br />AN AGREEMENT (DEVELOPER'S AGREEMENT) <br />BETWEEN <br />INDIAN RIVER COUNTY, FLORIDA <br />AND <br />L.I.F.E.. LTH A FLORIDA LIMITED PARTNERSHIP <br />FOR <br />THE CASCADES OF VERO SUBDIVISION <br />FOR THE CONSTRUCTION OF OFF-SITE UTILITIES <br />THIS AGREEMENT made this 7th day of March 2000 by and between INDIAN RIVER <br />COUNTY, a political subdivision of the State of Florida, the address of which is 1840 25th Street, Vero <br />Beach, Florida 32960 (hereinafter the COUNTY) and L.I.F.E., LTD, A FLORIDA LIMITED <br />PARTNERSHIP, 6363 Northwest 23' Terrace, Boca Raton, Florida 33496 (hereinafter the <br />DEVELOPER). <br />WITNESSETH: <br />WHEREAS, the DEVELOPER, in conjunction with the construction improvements at the <br />Cascades of Vero Subdivision is providing water facilities to serve the subject property, and <br />WHEREAS, the COUNTY, has required the DEVELOPER to provide the utility improvements <br />to serve the regional area mid has agreed to reimburse the DEVELOPER for the cost of providing these <br />off-site utilities, <br />NOW, THEREFORE, for and in consideration of the premises and other good and valuable <br />consideration, the COUNTY and DEVELOPER agree to the special conditions (SC) as follows: <br />C - 1, OFF-SITE UTILITIES: <br />The DEVELOPER shall construct the necessary oft -site utilities described heroin, per the Indian <br />River County" VtiIities Department The COUK1 Y shall reimburse the DEVELOPER fur ovei.sixi+ig of <br />the off-site utilities as outlined below: <br />A. _Master -planned 12 -inch diamctpLwater main construction: <br />The DEVELOPER shall Punish and install a 12 -inch PVC water main from the eastern property <br />line of the subdivision on 65'i"Street, along 65's Street, west to an existing 12 -inch water main at <br />the western edge of 52' Avenue, a distance of approxinuotely 1,720 LF. (See Fxbibit A) <br />Reisnburseme-iw Thr, COUNTY shall reimbvmfe the DEVELOPER 'a'=•_d on itwnized invoice <br />of the `installed material on a complete basis at the time the above referenced facilities are <br />dedicated to and accepted by the COUNTY. Reimbursement shall be in the form of a check <br />from the COUNTY and shrill not exceed the amount of $73,535.75. (See Exhibit I3-1). The <br />DEVELOPER'S share for this portion is tabulated below: <br />A: DEVEMPER5 AGREEMENTcascades.duu <br />