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2025-073
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Last modified
4/14/2025 3:31:49 PM
Creation date
4/14/2025 3:03:14 PM
Metadata
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Template:
Official Documents
Official Document Type
Developer's Agreement
Approved Date
03/25/2025
Control Number
2025-073
Agenda Item Number
11.a.1.
Entity Name
Meritage Homes of Florida, Inc.
Subject
Developer’s Agreement for Fair Share Roadway Improvement Contribution,
Right of Way Dedications and Associated Roadway and Drainage Improvements
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1. The foregoing recitals are incorporated as if fully restated herein. <br />2. The development was previously approved as a PD with 201 single-family lots. The <br />allowed density in the underlying zoning district (RS -3) is 3 Dwelling Units ("DU") per <br />acre, and Developer has proposed 1.58 DU/acre. The maximum building height is 35' <br />and maximum building coverage is 40% of the overall site. <br />3. Prior to the issuance of the Land Development Permit (LDP) for Lakeside West, <br />Developer shall make a fair share contribution towards the intersection improvements at <br />43rd Avenue SW and State Road 60 in the amount of One Hundred Ninety -Two Thousand <br />Three Hundred Forty -Six and No/100 ($192,346.00) dollars using a proportional share <br />contribution of trip generation and total cost of intersection improvements as the <br />Developer's Cost Share. <br />4. Developer and County acknowledge that the Developer pursuant to this developer's <br />agreement is hereby dedicating to the County the following right-of-way without <br />compensation prior to issuance of the Land Development Permit: <br />A. Fifty feet of right-of-way along the Project's 43rd Avenue SW <br />B. Eighty feet of right-of-way along 21 St Street SW, the right-of-way will be north of the <br />existing Indian River Farms Water Control District canal right-of-way and will <br />achieve the required right-of-way width for this section of 21St Street SW. <br />C. Eighty feet of right-of-way along 25th Street SW, the right-of-way will be north of <br />the existing Indian River Farms Water Control District canal right-of-way and will <br />achieve the required right-of-way width for this section of 25th Street SW. <br />*Dedicated right-of-way frontage dedication is depicted in the attached sketch and legal <br />descriptions attached hereto and incorporated herein as Exhibits `B" and "C". * <br />(see letter to Wesley Mills dated June 24, 2022, along with staff report for <br />preliminary PD staff approval dated June 15, 2022, attached hereto as Exhibit "D"). <br />5. Prior to issuance of a Certificate of Completion for Phase 1 (as defined in the Conditions <br />of Approval), Developer shall complete at its own cost and expense certain required <br />external roadway expansion, and paving improvements on 43rd Avenue SW and 21' <br />Street SW along with turn lanes and sidewalks in accordance with the Land Development <br />Permit Plans defined as follows: <br />A. Pave 21' Street SW from 43rd Avenue SW to the west project boundary along with <br />transition to the existing unpaved road as a two-lane road. These improvements are <br />the Developer's responsibility as required subdivision improvements. <br />B. Construct an eight -foot sidewalk along the west side of 43rd Avenue SW adjacent to <br />the phase boundary, along the south side of 211 Street SW from 43rd Avenue to the <br />2 <br />4856-8263-0075, v. 6 <br />
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