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2005-408
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2005-408
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Last modified
8/17/2016 11:32:32 AM
Creation date
9/30/2015 9:29:12 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
12/13/2005
Control Number
2005-408
Agenda Item Number
11.I.2
Entity Name
Divosta Homes, L.P.
Subject
Developers Agreement Waterway Village
Area
North of 49th St. east of 58th Ave. Waterway Village
Supplemental fields
SmeadsoftID
5316
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I . Developer shall include in all sub-contracts for sub -contractors the above insurance <br /> requirement or show them as insured under its policies or shall furnish separate certificates and <br /> endorsements for each sub-contractor. All coverages for sub -contractors shall be subject to all of <br /> the requirements stated herein . <br /> J . Up to $ 1 million, Developer hereby agrees to indemnify Indian River County and <br /> Representatives thereof from all claims arising solely from intentional , reckless or negligent acts, <br /> errors or omissions of the Developer or Developers ' Representatives in the performance of <br /> Services under this agreement and for which Developer is legally liable . <br /> 9 . Indian River Farms Water Control District Right-of-Way : Indian River Farms Water <br /> Control District ("District") is in possession of right-of-way which traverses Waterway Village , and which <br /> is more particularly described on Composite Exhibit "D" attached hereto and made a part hereof ("District <br /> Right-of- Way") . Developer and District have entered into an agreement ("Agreement") which provides <br /> that the District shall convey title to the District Right-of-Way to County, to be held in escrow, until <br /> County can comply with the terms of this paragraph. County hereby agrees to convey to Developer, by <br /> County deed, if appropriate , or by abandonment to Developer as the adjacent property owner, the District <br /> Right-of-Way, as part of the consideration for this Agreement . Developer shall be responsible for <br /> obtaining its own title insurance , and any costs associated with said conveyance , including surveys , <br /> documentary stamps, or recording fees . If County is unable to convey title to the District Right-of-Way to <br /> the Developer by September 8, 2006 , then Developer shall have the option to direct the Escrow Agent <br /> under the Agreement, to return the deed for the District Right-of-Way back to the District and return to <br /> Developer the Purchase Price held in escrow under the Agreement. The County ' s conveyance of the <br /> District Right-of-Way to the Developer shall be a release of any interest the County has in the District <br /> Right of Way . <br /> 10 . Attachment to Development Order : Upon approval and execution by Developer and <br /> County, this Agreement shall be attached as an exhibit to the Development Order, in accordance with the <br /> terms of the Development Order . <br /> 11 . Miscellaneous : <br /> A. In the event of any litigation arising out of this Agreement, the prevailing party <br /> shall recover attorneys ' fees and costs from the non-prevailing party . <br /> Be No amendment, modification, change , or alteration of this Agreement shall be valid <br /> or binding unless accomplished in writing and executed by all of the parties hereto . <br /> C . This Agreement shall be binding upon and inure to the benefit of the parties hereto <br /> and their successors, and assigns . <br /> D . This Agreement contains the entire agreement and understanding between the <br /> parties . No representation, statement, recital , undertaking, or promise not specifically set forth <br /> Page 6 of 8 <br />
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