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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 day of ,20_,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 37 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- is-oS-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 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 11th 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 /> 113 <br /> 1 <br />