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<br /># 11`11 �rr�+r�� Annp nn n `��1
<br />AN AGREEMENT BETWEEN F I1 14a6,f OP 4
<br />CITY OF SEBASTIAN, FLORIDA, 1LiCe lV• �-
<br />INDIAN RIVER COUNTY, FLORIDA.
<br />AND
<br />NELSON HYATT
<br />For constructing improvemant9 to Barber Street
<br />between FEC Railroad and US I
<br />THSs Ate', made this day of19917, by and
<br />between INDIAN RIVER COUNTY, a political subd islon f the State of
<br />Florida, 1640 25th Street, Vero Beach, Florida, 32960, hereafter called
<br />-COUNTY-, the City of Sebastian, a municipality within Indian River
<br />County, 1225 Hain Street, Sebastian, F1. 32956, hereafter called "CITY"
<br />and Nelson C. Hyatt, 9605 S. US 1, Sebastian, f7,. 32956-6363 hereafter
<br />called "DEVELOPER", and his heirs or assigra,
<br />WinnU JC' S, the DEVELOPER has constructed a. two-lane roadway between
<br />Sebastian Highlands Subdivision, Unit 17 (Bristol Street', and US 1 along
<br />Stratton Avenue Extension, also known as Barber Street Extension,
<br />hereafter called PROJECT 141, and.
<br />yne^Rr1=S, the DEVELOPER is requesting Traffic Impact Fee Credits for
<br />PROSECT #l, and
<br />LIFMREAS, the COUNTY, CITY and DEVELOPER, in conjunction with the
<br />construction improvements of the Villages of Lake Dolores, Inc. a
<br />manufactured home park, Located along the west side of US 1 along Barbar
<br />street in the City of Sebastian, Fl, propose to provide needed right-of-
<br />way, construct roadway relocation, drainage, utility relocation and
<br />easement abandonment and related improvements to Barber Street Extension
<br />(PROJECT ill) along the cast 500" for its proper alignment with Pelican
<br />Point driveway, hereafter called PROJECT #2r and
<br />RUCREAS, the COUNTY and t11e CITY wish to cooperate with the
<br />DEVELOPER by providing additional surveying, engineering and construction
<br />services for PROJECT # 2; and,
<br />RIZER ^>tS, the COUNTY has requested that the DEVELOPER provide right-
<br />of-way and building relocation services for the construction of PROJECT
<br />92 at no additional cost to the COUNTY and CITY beyond the Traffic Impact
<br />Fee Credit proposed for PROJECT "It
<br />HOLT TLTJWF0RX, for and in consideration of the premises and other
<br />good and valuable consideration, the COUNTY, CITY and DEVELOPER agree as
<br />follows:
<br />P O[IT_42 -Relocate Barber Street between FEC Railroad and US _1
<br />1. Tile DEVELOPER agrees to dedicate right-of-way and deed all
<br />roadway improvements on Barber Street as described. ill PROJECT
<br />#1 as approved by COUNTY and CITY. Compensation to the
<br />DEVELOPER shall be by Traffic Impact Fee credit applied to
<br />property described in Attachment "A". Tile amount of Traffic
<br />Impact Fee Credit is as follows:
<br />Right-of-way $2941685151
<br />_ Roadway 5259.724.00
<br />Total $549,417..50
<br />2. The COUNTY will survey, engineer, and construct PROJECT 112 at
<br />no cost. to the DEVELOPER. The design shall be mutually
<br />agreeable between the three parties to this Agreement.
<br />3. The DEVELOPER will deed to the CITY the needed right-of-way to
<br />relocate the east 600' of Barber street Extension at no cost.
<br />to the CITY or COUNTY.
<br />4. once all engineering, permitting and right-of-way acquisition
<br />15 complete, the COUNTY will construct the imp"ovementa for
<br />PROJECT #2. After the road relocation construction is
<br />complete, the CITY will proceed to vacate the east approximate
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