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2006-164
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2006-164
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Last modified
8/10/2016 11:39:14 AM
Creation date
9/30/2015 9:42:48 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
05/16/2006
Control Number
2006-164
Agenda Item Number
11.I.4.
Entity Name
510 Group, LLC
Subject
Developer's agreement for Bluewater Bay
Area
89th Street and CR 510
Project Number
PD-04-10-19 (2001080013-46608)
Supplemental fields
SmeadsoftID
5633
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canal and connecting to 90`h Avenue/CR 510. If a 4 -lane (or wider) bridge across the <br />Lateral D canal is required by the COUNTY, then the COUNTY shall pay for the <br />bridge construction costs over and above a 3 -lane bridge. The COUNTY shall <br />approve all bridge designs and cost estimates. The bridge shall align with the south <br />signalized entrance to Sebastian River High School or 89`h Street as determined by the <br />COUNTY. If aligned with 89`' Street, the improvements shall include signalization. <br />The DEVELOPER agrees to install and maintain sod, landscape and irrigation to the <br />edge of the pavement in these roadways. The COUNTY agrees to maintain the <br />pavement. <br />C. Five-foot (5') wide sidewalk along the development's CR 510 frontage: <br />i. The DEVELOPER shall construct a five-foot wide sidewalk connection <br />from the development's internal sidewalk system to CR 510 across from <br />Liberty Magnet School. <br />ii. At the COUNTY's sole discretion and with COUNTY approval, the <br />DEVELOPER may escrow the sidewalk construction cost with the <br />COUNTY in lieu of constructing the sidewalks. <br />4. Approximately 3.04 acres of DEVELOPER's property will be needed by the COUNTY to <br />widen CR 510 in the future. The DEVELOPER agrees to sell the needed property to the <br />COUNTY for the price of $475,000 ($156,250 per acre). The COUNTY shall remit <br />payment to the DEVELOPER within 30 days of execution of this agreement, at which <br />time the DEVELOPER shall deed the 3.04 acres to the COUNTY. <br />5. The DEVELOPER agrees to accept, treat and dispose of storm water runoff from the <br />public roads CR 510 (both 85`h Street and 90"h Avenue alignments), 86'h Avenue, and 89`h <br />Street along the development boundaries. The DEVELOPER agrees to maintain the <br />storm water management system. <br />6. Findings from the traffic impact study performed by the DEVELOPER's engineer and <br />confirmed by COUNTY staff indicate that development traffic will impact the following <br />four intersections as tabulated. COUNTY staff confirmed the corresponding project <br />costs. <br />PROJECT <br />PERCENT <br />DEVELOPER <br />COST <br />FAIR SHARE <br />ILIESTIMATE <br />ESTIMATE <br />IMPACT <br />COST <br />nue <br />$3,480,000 <br />790 % <br />$ 274,920 <br />$2,900,000 <br />1.46% <br />$ 42340 <br />venue <br />$2,726,515 <br />1.88 % <br />$ 51,258 <br />
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