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This document prepared by and return to : 9/3/03wcg(PWD)jwd f � U <br /> Indian River County <br /> Public Works Department <br /> 184025'h Street <br /> Veroero Bea Beach, Fl. 32960 <br /> DEVELOPER' S AGREEMENT BETWEEN <br /> INDIAN RIVER COUNTY, FLORIDA <br /> AND <br /> LAKE HOLDINGS, LLC FOR <br /> FOUR LAKES SUBDIVISION — <br /> 13TH STREET SW PAVING AND RIGHT-OF-WAY ACQUISITION <br /> THIS AGREEMENT, entered this 16th day September , 2003 , by and between <br /> INDIAN RIVER COUNTY, FLORIDA a political subdivision of the State of Florida, 1840 25t, <br /> Street, Vero Beach, Florida, 32960 hereafter called COUNTY and LAKE HOLDINGS , L . L . C , a <br /> foreign limited liability corporation authorized to do business in Florida, 1601 Dove Street, Suite <br /> 293 , Newport Beach, Ca 92660 , Attn : Mark Kerslake, its Member (949- 553 -4800), hereafter referred <br /> to as the DEVELOPER. <br /> WITNESSETH <br /> WHEREAS , the DEVELOPER has applied to develop a residential community to be known <br /> as Four Lakes Subdivision on 38 . 13 +/- acre parcel of land along 13th Street SW, (Indian River <br /> County Project Number 97020170) which is legally described on Exhibit "A" attached hereto and <br /> incorporated herein by reference, and ; <br /> WHEREAS , the COUNTY and DEVELOPER share mutual concerns with respect to right- <br /> of-way acquisition and roadway improvements for 13 '' Street SW along Four Lakes Subdivision, <br /> and; <br /> WHEREAS , both the COUNTY and DEVELOPER can mutually benefit each other through <br /> a joint effort that will provide for right-of-way acquisition, paving, drainage and utility pole <br /> relocation along 13th Street SW. <br /> NOW, THEREFORE, in consideration of the mutual terms, conditions , promises, covenants <br /> and premises hereinafter, the COUNTY and DEVELOPER agree as follows : <br /> 1 . The above recitals are affirmed as being true and correct and are thereby incorporated <br /> herein. <br /> 2 . DEVELOPER will design, permit and pay for the 13th Street SW paving and drainage <br /> improvements as follows : The design will include paving of 13 ' Street SW along the <br /> C •\Documents and Settings\TRamm\Mv Documents\wordfiles\Flnrida\T 1 Takes\Fnnr Takes-devl dnc <br />