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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 th Street Vero Beach, Fl. 32960 paid by the COUNTY, to DEVELOPER, for this capacity, which would include the land, all design, and construction and carrying costs associated with the newly created stormwater retention area, shall be $ 87 , 000 for every lot, unit, or building envelope, that the project is reduced by, as determined by the engineering firm of Schulke, Bittle and Stoddard, L. L. C . Construction of stormwater retention capacity shall be performed by DEVELOPER at his expense . Payment for stormwater retention capacity shall be 100% traffic impact fee credits given to DEVELOPER. DEVELOPER may transfer these traffic impact fee credits to any third party, upon providing written notification to COUNTY of said transfer within District 2 , and upon approval of the County Administrator or his designee, which shall not be unreasonably withheld. Traffic impact fee credits shall have no expiration date. In the event that the stormwater retention area needed by the COUNTY should result in the loss of more than four lots , units, or building envelopes , the COUNTY shall have the option to cancel its purchase of stormwater retention capacity from DEVELOPER. The COUNTY must notify DEVELOPER, in writing, of its decision to cancel the purchase of stormwater retention capacity from DEVELOPER. COUNTY shall have 30 days upon written notification to COUNTY that stormwater retention area needed by the COUNTY will result in the loss of more than four lots, units , or building envelopes , to notify DEVELOPER of COUNTY'S decision to cancel the purchase of stormwater retention capacity. The COUNTY may suggest, but shall not mandate changes in the project design to reduce the number of lots lost due to the COUNTY' S stormwater requirements related to 66th Avenue . Location of any required lake or expansion of any lake shall be at the discretion of DEVELOPER and shall be designed to enhance the community. Furthermore, the COUNTY agrees to reimburse DEVELOPER for the purchase and installation of the necessary control structure(s) , catch basins , baffles and piping added to facilitate the storage of the additional stormwater, COUNTY reimbursement not to exceed $ 15 , 000 . DEVELOPER will have no responsibility to design, install, or pay any costs toward any drainage improvements undertaken by the COUNTY or FDOT to direct the 66th Avenue drainage into the stormwater management tracts . 6 . DEVELOPER agrees , prior to issuance of the Certificate of Completion of the Final Phase of Trillium, to construct a left hand turn lane for north bound traffic on 66th Avenue at the s�ttn F:\Public Works\Rebecca\SITE PLANS\Developer's Agreements\GHO-Allium Developers Agreement.doc r°