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AGREEMENT 0 BETWEEN INDIAN RIVER COUNTY, FLORIDA AND LENNAR HOMES, INC . FOR THE CONSTRUCTION OF OFF-SITE UTILITIES THIS AGREEMENT by and between INDIAN RIVER COUNTY, a political subdivision of the State of Florida, the address of which is 1840 25th Street, Vero Beach , Florida 32960 (hereinafter the "COUNTY") and Lennar Homes , Inc . , the address of which is 1015 North State Road 7 , Suite C , Royal Palm Beach, Florida 33411 , (hereinafter the DEVELOPER) is effective upon execution by the second of the two parties . WHEREAS , the DEVELOPER, in conjunction with the construction improvements at Verona Trace Subdivision and Villas at Verona Trace , is providing water and wastewater facilities to serve the subject property located between 981h Avenue and 102"d Avenue, and 8th Street and 12 Street, and more specifically described in Exhibit "A" and WHEREAS , pursuant to Section 201 . 11 , The Code of Indian River COUNTY , the COUNTY , requires the DEVELOPER to provide the utility improvements to serve the regional area, and agrees to reimburse the DEVELOPER, as provided herein , for the cost of providing these off- site utilities , NOW , THEREFORE , for and in consideration of the mutual promises set forth herein and other good and valuable consideration , the COUNTY and DEVELOPER agree as follows : 1 . Off- Site Utilities : The DEVELOPER shall construct the off- site utilities described herein in accordance with the technical specifications provided by the COUNTY attached hereto as Exhibit "A" ("Technical Specifications") : A . Increase the On- site pump station capacity from a size capable of servicing the proposed development to one with the ability to handle off- site peak flows of an additional IMGD with associated piping and appurtenances to allow for the utilization of the station as a regional pump station on an as needed basis . B . Increase the proposed 8 " water main required to service the development to a 12 " water main in accordance with Indian River County Utility Departments goal to insure future master plan lines within the 981h avenue corridor are of sufficient capacity to service future development. The proposed construction will consist of extending the existing 12 " Water Main at the intersection of 16`h Street and 98 `h Avenue south to the intersection of 81h Street and 98 `h Avenue including all necessary mains , valves , and associated appurtenances . A sketch of the proposed improvements including detailed estimates of the construction quantities are included in Appendix ' s B and C of this agreement. 2 . Reimbursement : The COUNTY shall reimburse the DEVELOPER based on an itemized invoice of the installed Pagel of 8 6 . PROJECTS\WN.01420.003 - VERONA TRACE\CORRESPONDENCE\UTILITIES DEVELOPERS AGREEMENT FINAL 070505.130C