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r <br /> x �fT` t y µ'cr art . .� , � g' i'kc, > 33 s£ tY`,fvski',%-� Y Iz } 7 ter,.' '' s £w' ., <br /> r, „ . T <br /> . +� 5 .. ✓ . " > <br /> 11 . G . 5 . WATERFORD LAKES OF INDIAN RIVER COUNTY - <br /> WATERFORD LAKES SUBDIVISION DEVELOPER ' S <br /> AGREEMENT <br /> The Board reviewed a Memorandum of September 12 , 2001 : <br /> TO : James E- Chandler , <br /> County Administrator <br /> FROM : James W . Davis , P . E . , <br /> Public Works Director ' <br /> rti <br /> SUBJECT : Developer ' s Agreement - Waterford Lakes Subdivision I <br /> DATE : September 12 , 2001 <br /> DESCRIPTION AND CONDITIONS <br /> The developer of Waterford Lakes , a large residential development <br /> located on a portion of the old Hibiscus Airport site south of 121h <br /> Street and east of 16th Avenue , is constructing a left turn lane <br /> along 12th Street near Vero Beach Elementary School . Since the new <br /> south edge of 12th Street pavement will be very close to the 121h <br /> Street Indian River Farms Water Control District sublateral canal , <br /> the Developer is proposing to install 1 , 300 lineal feet of 48 " <br /> corrugated metal drainage culvert within the canal . The Public <br /> Works Department has requested that this pipe be upgraded to <br /> reinforced concrete pipe so that the future widening of 12th Street <br /> can occur over the pipe to avoid acquiring expensive additional <br /> right - of - way along the developed north side of 12th Street . The <br /> cost difference between corrugated metal and reinforced concrete <br /> pipe is $ 32 , 500 if the pipe is purchased under the County ' s current <br /> annual contract for reinforced concrete pipe . The Developer will <br /> reimburse the County for all costs over $ 32 , 500 . <br /> In addition , the Developer will fund a complete resurfacing of 12th <br /> Street in this area using the County ' s annual asphalt contract , as <br /> well as new stripping and signage . The attached Developer ' s <br /> Agreement provides for this work . <br /> ALTERNATIVES AND ANALYSIS <br /> The entire 12th Street area near Vero Beach Elementary School will <br /> benefit from the above work . The alternatives presented are as <br /> follows : <br /> SEPTEMBER 18 , 2001 6 ; { 1. 1 ; , L. <br /> - 105 - <br /> > <br /> If I <br /> 777w"7777� If <br /> � ' . . . <br />