2003-054 - Laserfiche WebLink

Home Browse Search

This document prepared by and return to: 2/ 19/03Developer's Agreement Indian River County GHO VERO BEACH VIII, INC. CORP . Public Works Department 184025 1h Street Vero Beach, Fl. 32960 approval of the construction of the 33rd Street drainage and paving improvements . The COUNTY shall upon receipt of title to all the necessary right-of-way notify DEVELOPER in writing of its timely receipt of such property. Upon receipt of such notice DEVELOPER shall have 120 days to design, acquire the necessary permits and prepare and submit a total cost estimate to be agreed to in writing by the COUNTY. The COUNTY shall review and approve/revise the design, as agreeable to the DEVELOPER. Additionally, upon permitting of the 33rd Street drainage and paving improvements, DEVELOPER shall provide a Letter of Credit, cash bond, or other like security for a term of 12 months or until the road is complete, which ever occurs first in the amount of 50% of the total agreed upon cost of such improvements in order to provide the COUNTY a guarantee of DEVELOPERS ability to pay for its share of the drainage and paving improvements . If the COUNTY determines that the cost is excessive, the COUNTY may construct 33rd Street with COUNTY crews and both COUNTY and DEVELOPER shall fund 50% of the cost. The COUNTY shall work diligently to acquire all needed right-of-way for the 33rd Street paving and drainage project at the COUNTY'S cost, with no cost sharing or reimbursement by DEVELOPER. If the COUNTY has not acquired the right-of-way necessary to complete the 33rd Street paving and drainage project prior to DEVELOPER receiving a Certificate of Completion for the Final Phase of the Trillium project, DEVELOPER shall have no obligation or requirement to proceed with 33rd Street paving and drainage project under this agreement, or to share in the cost of any improvements to 33rd Street initiated by the COUNTY, except under the usual COUNTY special assessment programs, whereby a valid petition is received by property owners along 33rd Street. Unless the DEVELOPER agrees in writing, a certificate of completion shall not be withheld or delayed by the COUNTY for Trillium, nor shall the COUNTY delay approval of the Final Plat of Trillium, due to any portion of the 33rd Street improvements not being completed . 5 . The DEVELOPER shall provide Indian River COUNTY with stormwater storage capacity necessary to satisfy the stormwater requirements for the portion of 66th Avenue between 26th Street and 33rd Street. As the stormwater retention system for the Trillium project, as currently designed, has no additional capacity available, and any capacity will be the result of design changes that will likely result in the loss of a building lot(s) , the purchase price to be F:\PubHe Works\Rebecca\SfFE PLANS\Developer's Agreements\GHO-Allium Developers Agreement.doc