2024-192 - Laserfiche WebLink

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The COUNTY shall reimburse the DEVELOPER for extending the installation of a 6 -inch diameter water main from the southeast corner of 916 7th Place to the point of connection at the existing 6 -inch water main along Old Dixie Highway and the southwest corner of 936 7th Place to the point of connection at the existing 6 -inch water main along 10th Avenue, a distance of approximately 350 linearfeet, (1) fire hydrant assembly, (2) water services, and a portion of the maintenance of traffic and site restoration. 2. Reimbursement: The COUNTY shall reimburse the DEVELOPER pursuant to the provisions of Section 201.11, of the Code, for funds advanced by DEVELOPER to extend the off-site water main. COUNTY shall reimburse DEVELOPER in accordance with Exhibit "B" for extending the off-site water main. The actual reimbursement amounts shall be based on the contractor's final invoice but in no event shall the County cost share exceed $126,016.80. Within 30 calendar days of acceptance of the bill of sale forthe water main and submittal of the necessary maintenance security, COUNTY shall reimburse DEVELOPER its share of the cost of the water main, as set forth in Exhibit "B". 3. Amendment: This Agreement may be modified only by a written instrument executed by all parties to the Agreement. 4. Assignability: Either party may assign this Agreement so long as the assignment bears acknowledgment of the assignee and the other party, subject to any limitations specified in the Indian River County Code of Ordinances. However, the rights granted herein shall run with the land and are notthe personal property of the DEVELOPER. The assignee shall file a transfer and assumption of this agreement with the County, failure to do so shall render any assignment null and void. 5. Authority: 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. 6. Captions: Page 2