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AGREEMENT BETWEEN <br />INDIAN RIVER COUNTY, FLORIDA <br />AND <br />NOVALAND, LLC <br />FOR <br />REAMS GLEN SUBDIVISION WATER MAIN EXTENSION <br />FOR THE CONSTRUCTION OF OFF-SITE UTILITIES <br />THIS AGREEMENT ("Agreement") by and between INDIAN RIVER COUNTY, a political <br />subdivision of the State of Florida, the address of which is 180127th Street, Vero Beach, Florida <br />32960 (hereinafter the "COUNTY") and Novaland, L.L.C., whose mailing address is 6257 Arcadia <br />Square, Vero Beach, FL 32966 (hereinafter the "DEVELOPER") is effective upon execution by the <br />two parties ("Effective Date"). <br />WHEREAS, the DEVELOPER, in conjunction with the construction of improvements at Reams <br />Glen Subdivision, is constructing water main facilities to the subject properties located at 916-935 <br />7th Place and 910 — 946 7th Street, whose legal description is attached as Exhibit "A" (the "Subject <br />Properties"); and <br />WHEREAS, pursuant to Section 918.05, the Code of Indian River County (the "Code"), the <br />COUNTY, requires the DEVELOPER to provide the utility improvements to connect to the regional <br />water main. The COUNTY, pursuant to Section 201.11, of the Code, agrees to reimburse the <br />DEVELOPER, as provided herein, for the cost of a portion of the off-site utilities, <br />NOW, THEREFORE, for and in consideration of the mutual promises set forth herein and other <br />good and valuable consideration, the COUNTY and DEVELOPER agree as follows: <br />1. Off -Site Utilities: <br />The DEVELOPER shall construct the necessary off-site utilities described herein as directed by <br />the Indian River County Utilities Department ("IRCDUS"). The COUNTY shall reimburse the <br />DEVELOPER for installing off-site utilities as outlined below: <br />Page 1 <br />