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2024-192
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2024-192
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Last modified
9/23/2024 12:07:35 PM
Creation date
9/23/2024 12:06:25 PM
Metadata
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Template:
Official Documents
Official Document Type
Developer's Agreement
Approved Date
08/20/2024
Control Number
2024-192
Agenda Item Number
8.BD.
Entity Name
Novaland, LLC
Subject
LLC Developer’s Agreement Reams Glen Subdivision for Water Main Extension Cost
Share for Industrial Control Systems Network Project (PID 13.24.523
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connection with any work contemplated by this agreement, and DEVELOPER agrees to pay any <br />judgment or judgments, including attorney fees, that maybe rendered against the COUNTY or <br />against the COUNTY'S officers, employees or agents in connection therewith. <br />12a. Indemnification Savings Clause: <br />In the event any of the foregoing indemnification clauses under Section 12 is found to be <br />unenforceable, it is understood the DEVELOPER shall instead indemnify and hold harmless the <br />COUNTY, its officers, employees and agents, from liabilities, damages, losses and costs, <br />including, but not limited to, reasonable attorney's fees, to the extent caused by the <br />negligence, recklessness, or intentional wrongful misconduct of the DEVELOPER and persons <br />employed or utilized by the DEVELOPER in the performance of this Agreement. <br />12b. Sovereign Immunity <br />Nothing in this Agreement shall be deemed as a waiver of the COUNTY's right to Sovereign <br />Immunity under Florida Statutes/Law. <br />13. Maintenance Security: <br />The DEVELOPER agrees to convey all right, title and interest in the aforementioned utility <br />improvements to Indian River County, Florida, and provide security as set forth herein, subject <br />to the COUNTY'S approval, for a period of one (1) year after the COUNTY'S acceptance of the <br />improvements, plus an additional three (3) months, for an aggregate of fifteen (15) months. <br />The maintenance security may only be in one of the following forms: (a) cash, whereupon the <br />COUNTY and the Developer shall enter into the COUNTY'S standard Cash Escrow Deposit <br />Agreement; (b) Letter of Credit, in the County's standard form, drawn and payable by a <br />financial institution located within Florida; or (c) surety bond issued by a surety company <br />licensed to do business in the State of Florida and having an A.M. Best rating of no less than A - <br />VI. The value of the maintenance security shall be twenty-five percent (25%) of the total <br />construction value of the utility improvements as certified bythe Developer's licensed engineer <br />and approved in writing by the County. <br />14. Multiple Counterparts: <br />This Agreement may be executed in a number of identical counterparts which, taken together, <br />shall constitute collectively one (1) Agreement; but in making proof of this Agreement, it shall <br />not be necessary to produce or account for more than one such counterpart executed by the <br />party to be charged. <br />15. Permits: <br />Page 5 <br />
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