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WHEREAS, the COUNTY is planning future improvements to CR 510 and the <br />DEVELOPER is planning to sell the necessary right-of-way to the COUNTY and agrees to execute <br />the document as outlined in the Attached "Exhibit "B" for future Indian River County construction <br />of the intersection of CR 5 10 and 90th Avenue; and <br />WHEREAS, the DEVELOPER is planning to accommodate storm water runoff from CR <br />510, 89th Street and 86th Avenue; and <br />V{IIT�Ti Or A C <br />T+nfri <br />the <br />r.OUNTV <br />and? <br />DEVEr OPUR <br />,........... ti ll <br />L Gw <br />L <br />t <br />through, <br />A <br />" <br />.� 1.. <br />Cll...atua.,y <br />benefit <br />each other <br />a joint effort that will share the costs of improvements to the following intersections: <br />1. CR 510 and 66`h Avenue <br />2. CR 510 and U.S. 1 <br />3. 41St Street and 66th Avenue, including signalization <br />4. 65th Street and 58 h Avenue, including signalization; and <br />WHEREAS, both the COUNTY and DEVELOPER can mutually benefit each other through <br />a joint effort that will provide for future roadway and drainage improvements. <br />NOW, THEREFORE, in consideration of the mutual terms, conditions, promises, covenants <br />and premises hereinafter, the COUNTY and DEVELOPER agree as follows: <br />The above recitals <br />are affirmed as being true <br />and correct and are thereby <br />incorporated <br />herein. <br />2. This agreement does not cover all dedications and off-site improvements required of the <br />developer as a result of the planned development approval. <br />3. The parties agree that the DEVELOPER shall construct the following improvements <br />pursuant to this agreement: <br />A. In the event that the COUNTY does not begin the CR 510 improvements until after <br />January 1, 2008, the DEVELOPER shall construct the eastbound left -turn lane and <br />westbound right -turn lane on CR 510 at 86`h Avenue prior to issuance of the 95h <br />residential unit certificate of occupancy. If the COUNTY begins the CR 510 <br />improvements on or before January 1, 2008, the COUNTY shall build the turn lanes <br />and the DEVELOPER shall remit payment to the COUNTY for the total construction <br />costs of the turn lanes. <br />B. The DEVELOPER shall pave 86th Avenue from CR 510 north to 89th Street, and 89th <br />Street from 86th Avenue west to 901h Avenue/CR 510 prior to issuance of the 190'h <br />residential unit certificate of occupancy. 86th Avenue shall be constructed as a 3 -lane <br />roadway. The 89th Street paving shall include a 3 -lane bridge crossing the Lateral D <br />