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`D b AGREEMENT BETWEEN INDIAN RIVER COUNTY, FLORIDA AND WILLIAM E . WELSH 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 WILLIAM E . WELSH, the address of which is 730 High Street, Sebastian FL 32958 (hereinafter the DEVELOPER) is effective upon execution by the second of the two parties . WHEREAS , the DEVELOPER, is providing off-site water facilities to serve properties located at 726 and 730 High Street, Sebastian, FL and more specifically described in Exhibit "A"; and WHEREAS , pursuant to Section 201 . 11 , The Code of Indian River County, the COUNTY, 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 necessary off-site utilities described herein as permitted by the Indian River County Utilities Department . The COUNTY shall reimburse the DEVELOPER for construction of the off-site utilities as outlined below : A. 8 -inch Diameter Water Main (reimbursement upon collection of line extension fees) : The DEVELOPER shall furnish and install approximately 320+ LF of 8 -inch non-master planned water main with a fire hydrant on High Street from CR 512 to Taft Street as shown on Exhibit C . Reimbursement : The COUNTY shall reimburse the DEVELOPER for funds advanced by DEVELOPER to construct the 8 -inch diameter water main based on the front footage of each of the properties which will benefit from these facilities as reflected in Exhibit D . The respective front footages and percentages are noted in the attached Exhibit D . The estimated cost to each party is also reflected in Exhibit D ; however, the actual cost will be determined upon completion of the improvements at which time the proportionate share for each property will be adjusted accordingly. The funds to reimburse the DEVELOPER shall derive from the proportionate share connection charges of each of the other properties that use the constructed lines and facilities based on their percentage of the overall front footage . Said connection charges shall be collected by the COUNTY and reimbursed to the DEVELOPER at the time of application for Utilities for each parcel as said parcel is connected to the system . The County ' s obligation to make reimbursement to DEVELOPER shall expire five (5 ) years from this Agreement . Compensation shall be in the form of a check from the County; the total of all payments shall not exceed the amount of $ 7, 926 . 54 (see Exhibit B) .