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DEVELOPER'S AGREEMENT BETWEEN <br />INDIAN RIVER COUNTY, FLORIDA <br />AND <br />INDIAN RIVER MEMORIAL HOSPITAL, INC. <br />THIS AGREEMENT, entered this 2nd day of June <br />K <br />ao��f -/17 <br />, 2015 , by and between <br />INDIAN RIVER COUNTY, FLORIDA a political subdivision of the State of Florida, 1801 27th <br />Street, Vero Beach, Florida, 32960 hereafter called COUNTY and Indian River Memorial Hospital, <br />Inc. a Florida Corporation, 1000 36th Street, Vero Beach, Florida 32960 -Jeffrey L. Susi, President, <br />772-567-4311, hereafter referred to as the DEVELOPER. <br />WITNESSETH <br />WHEREAS, the DEVELOPER has applied to develop a site plan to be known as the Indian <br />River Medical Center (IRMC) "Health & Wellness Center" on approximately 3 7 acres of land <br />along the south side of 36th Street between U.S. Highway #1 and Indian River Boulevard, in Indian <br />River County, Project Number SP -MA - i s -O5 -17 the legal description is attached as Exhibit "A" <br />and incorporated herein by reference; and <br />WHEREAS, the COUNTY and DEVELOPER share mutual concerns with respect to right - <br />turn lane roadway/entrance improvements necessary along <br />37th Street to accommodate project traffic <br />volumes as shown on the sketch attached as Exhibit "B" and incorporated herein by reference; and <br />WHEREAS, the COUNTY is planning to expand 37th Street from three (3) lanes to five (5) <br />lanes in the near future along the Indian River Medical Center frontage; <br />WHEREAS, the DEVELOPER is required to construct an eastbound right -turn lane on 37th <br />Street at both 10th Court and 1 l th Drive, <br />WHEREAS, the County has already received a fee -in -lieu of construction for the eastbound <br />right -turn lane on 37th Street at 10th Court pursuant to that Developer's Agreement with Indian River <br />Memorial Hospital, Inc. approved by the Board of County Commissioners on September 9, 2014 <br />and <br />WHEREAS, the COUNTY and DEVELOPER agree that this Agreement is contingent upon <br />DEVELOPER receiving final site plan approval, and if final site plan approval is not obtained, this <br />Agreement shall be null and void and any monies paid hereunder shall be promptly refunded to <br />1 <br />