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2008-288
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2008-288
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Last modified
4/11/2016 11:58:06 AM
Creation date
10/1/2015 12:36:42 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/16/2008
Control Number
2008-288
Agenda Item Number
8.E.
Entity Name
Dileco Development LLC
Oak Hollow Estates Property Owners Association
Subject
Transfer of Responsibility Required Improvements
Area
Oak Hollow Estates 41st. Street
Project Number
2003110238-38339
Supplemental fields
SmeadsoftID
7571
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- 06 <br /> AGREEMENT <br /> AGREEMENT FOR THE TRANSFER OF RESPONSIBILITY <br /> FOR REQUIRED IMPROVEMENTS <br /> THIS AGREEMENT , made and entered into this 16th day of <br /> Septerrber 12008 by and between DILECO DEVELOPMENT , LLC , <br /> a Florida limited liability company , hereinafter referred to as " Developer" , and <br /> OAK HOLLOW ESTATES PROPERTY OWNERS ASSOCIATION , INC . , a <br /> Florida nonprofit corporation , hereinafter referred to as "Association " . <br /> WITNESSETH : <br /> 1 . Developer received preliminary plat approval on February 12 , 2004 <br /> for the project identified as : <br /> Project Title : Oak Hallow Estates <br /> Project Number . SD - 04 -04- 15 <br /> Project CD + Number : 2003110238 -38339 <br /> Project Location : Oak Hollow Avenue at 41 sl Street <br /> 2 . As a condition of final plat approval , Developer is required to <br /> construct interior sidewalks within Oak Hollow Estates Subdivision . <br /> 3 . Developer wishes to effectively satisfy and be released from its <br /> obligation to construct the required sidewalk segments by providing a cash <br /> payment of funds equal to one hundred percent ( 100 % ) of the estimated cost to <br /> construct the required sidewalk segments . <br /> 4 . It is agreed between the parties that in consideration of the sum <br /> payment of $ 10 , 438 . 00 , Developer transfers its responsibility to Association , and <br /> Indian River County releases Developer from all obligations to construct internal <br /> sidewalks within Oak Hollow Estates Subdivision , and Association assumes the <br /> obligation of providing the referenced sidewalk improvements at some future <br /> date . <br /> 5 . Developer shall be responsible for clearing and grading the <br /> intended locations of the required sidewalk improvements at the time clearing <br /> and grading for the development project is performed . The value of such <br /> clearing and grading is reflected in the cash payment amount provided by the <br /> Developer . The cleared sidewalk path shall be approved by the Public Works <br /> Department and shall be selected so as to maximize tree preservation while <br /> maintaining compliance with the sidewalk design specifications listed in Section <br /> 913 . 09 ( 5 ) ( a ) of the Land Development Regulations . <br /> 1 <br /> t-' :Wttorney\Nancy\ DOCS\PLAN\oak hollow estates sidewalk transfer. doc <br />
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