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do <br />El <br />40 <br />1- -U/ <br />IN THE RECORDS Of ii <br />i JEFFREY K. BARTON 01-49N <br />N <br />CLERK CIRCUIT COURT c n <br />AGREEMENT INDIAN RIVER CO.. FLA. o <br />W <br />BETWEEN W <br />t,0 <br />INDIAN RIVER COUNTY, FLORIDA <br />AND <br />The COUNTY shall reimburse the DEVELOPER based on an itemized invoice of installed materials <br />on a percentage complete basis (less 10% retainage) monthly, with final payment and release of retainage <br />at the time the above referenced facilities are dedicated to and accepted by the COUNTY. <br />f� <br />Reimbursement shall be in the form of check from the COUNTY, and shall not exceed the amount of00 <br />J <br />$228.580.16 (see attached Exhibit -B).0 <br />-o <br />B. FORCE MAIN EXTENSION/LOOP — 6 -inch Force Main alone 9d' Street SW (Oslo Road): <br />The DEVELOPER shall construct a 6 -inch force main a!�ro 0 Street SW from 43`d Avenue west to the � <br />Cil <br />1i6 ,Vri'BIMUI➢IfIF8UNf1Y !]i(.E�'tiAWttTYu1F.CR VfIlIIY(v*WMLMIN UlvFJ3WF58 A-PVNIl. NaO <br />Page 1 of6 <br />hR8o e rXACe Pf ✓cLOP/ylEn/T, -ZWC, <br />FOR THE CONSTRUCTION OF OFF-SITE UTILITIES <br />o <br />D <br />THIS AGREEMENT by and between INDIAN RIVER COUNTY, a political subdivision of the State of <br />Z <br />ry <br />Florida, the address of which is 1840 25th Street, Vero Beach, Florida 32960 (hereinafter the "COUNTY") <br />`a <br />ARBOR TRACE DEVELOPMENT, INC, the address of which is 1999 Pointe West Drive, Vero Beach, Florida <br />77 <br />32966, (hereinafter the DEVELOPER) is effective upon execution by the second of the two parties. <br />WHEREAS, the DEVELOPER, in conjunction with the construction improvements at ARBOR TRACE, is <br />w <br />providing water and wastewater facilities to serve the subject property located at at 43rd Avenue, north of Oslo <br />Road, and more specifically described in Exhibit "A"; and <br />WHEREAS, pursuant to Section 918.05, The Code of Indian River County (Ordinance 90-16, as amended), <br />the COUNTY, requires the DEVELOPER to provide the utility improvements to serve the regional area, and <br />CJ <br />agrees to reimburse the DEVELOPER as provided herein, for the cost of providing these off-site utilities, <br />1 <br />C� <br />NOW, THEREFORE, for and in consideration of the mutual promises set forth herein and other good and <br />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 the Indian River <br />County Utilities Department. The COUNTY shall reimburse the DEVELOPER for over -sizing of the off-site <br />utilities as outlined below: <br />A MASTER PLAN 10 -inch Diameter Force Main alone 9" Street. SW (Oslo Road): <br />The DEVELOPER shall construct a 10 -inch diameter force main along 9TH Street, SW, (Oslo Road) <br />approximately 4,600 feet in length, connecting to an existing 10 -inch force main approximately 800 feet west <br />of 270' Avenue. Said force main is a COUNTY MASTER PLAN MAIN, and the COUNTY shall <br />immediately reimburse 100% of the DEVELOPER'S off site project costs. <br />The COUNTY shall reimburse the DEVELOPER based on an itemized invoice of installed materials <br />on a percentage complete basis (less 10% retainage) monthly, with final payment and release of retainage <br />at the time the above referenced facilities are dedicated to and accepted by the COUNTY. <br />f� <br />Reimbursement shall be in the form of check from the COUNTY, and shall not exceed the amount of00 <br />J <br />$228.580.16 (see attached Exhibit -B).0 <br />-o <br />B. FORCE MAIN EXTENSION/LOOP — 6 -inch Force Main alone 9d' Street SW (Oslo Road): <br />The DEVELOPER shall construct a 6 -inch force main a!�ro 0 Street SW from 43`d Avenue west to the � <br />Cil <br />1i6 ,Vri'BIMUI➢IfIF8UNf1Y !]i(.E�'tiAWttTYu1F.CR VfIlIIY(v*WMLMIN UlvFJ3WF58 A-PVNIl. NaO <br />Page 1 of6 <br />