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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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8. Prior to issuance of a certificate of completion for each respective phase, the Developer <br />shall: <br />A. Install all required perimeter buffers and project landscape improvements. <br />B. Install all required project streetlighting, have it inspected and accepted. <br />9. At the time of offsite improvements for the respective phase, Developer shall incorporate <br />sufficient stormwater capacity in the Project to provide stormwater drainage for that <br />portion of 43rd Avenue SW, 21' Street SW, and 25t' Street SW which is adjacent to the <br />Project and dedicate the right to discharge runoff from those streets to the County as a <br />Public Benefit prior to or via the final plat in accordance with the Preliminary PD <br />Plan/Plat. (see Exhibit "D"). <br />10. Prior to issuance of a Land Development Permit, Developer shall pay to the County <br />Developer's contribution in the amount of Twenty -Five Thousand and No/100 <br />($25,000.00) dollars toward future traffic signal improvements at the intersection of 21' <br />Street SW and 43rd Avenue SW. (see Exhibit "D".) <br />11. Prior to issuance of a Land Development Permit, Developer shall pay to the County the <br />Developer's contribution in the amount of Ninety Thousand and No/100 (90,000.00) <br />dollars towards improvements to the South County Initiative Public Park. (see Exhibit <br />"D"). <br />12. Prior to issuance of a Land Development Permit, Developer shall obtain Environmental <br />Planning staff approval for a tree relocation plan with relocation of the selected trees to <br />be finalized prior to the issuance of a certificate of completion for each respective project <br />phase. (see Exhibit "D") <br />13. Project streetlights are required and shall be maintained by the property owner's <br />association. They must be installed, inspected, and accepted prior to the issuance of a <br />Certificate of Completion for each respective project phase. (see Exhibit "D"). <br />14. Five -foot -wide internal sidewalks will be provided throughout the project on both sides <br />of all internal streets and will connect to the external sidewalks system along 25' Street <br />SW, 21St Street SW, and 43rde Avenue SW. All sidewalks will be included in the <br />project's Land Development Permit and will need to be constructed along the frontage <br />of common areas and individual lots in accordance with the requirements of Indian River <br />County Code Section 913.09(5)(b)2. (see Exhibit "D"). <br />15. Indian River County Water and Sanitary Sewer facilities will be extended to the site as <br />part of Phase 1 improvements, prior to obtaining a certificate of completion for Phase 1. <br />Indian River County Roadway/Drainage improvements will be completed prior to <br />obtaining a certificate of completion for phase 1. Additionally, FPL will serve the site <br />and power will be brought to the site in order to complete Phase 1 (schedule to be <br />determined by Meritage). <br />4 <br />4856-8263-0075, v. 6 <br />
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