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2006-026
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2006-026
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Last modified
8/4/2016 9:48:13 AM
Creation date
9/30/2015 8:11:04 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
01/24/2006
Control Number
2006-026
Agenda Item Number
11.1.2
Entity Name
Lockwood Lane Development Group, LLC
Subject
Devolpers agreement forTurtle Creek Planned Development
Area
297 acres north side of 13th Street SW
Supplemental fields
SmeadsoftID
4459
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herein. <br />2. To accommodate increased traffic generated by the PHASE 1, consisting of 510 <br />lots, of the TURTLE CREEK PLANNED DEVELOPMENT, the DEVELOPER <br />is required to fund its fair share of the following roadway improvements: expand <br />from 2 lanes to 4 lanes, 27th Avenue S.W. from 13th Street S.W. to 5th Street <br />S.W., including any of -site stormwater facilities, necessitated by the <br />improvements. The segment shall be designed, engineered and constructed as a 4 <br />lane divided road with a 16' median complete with landscaping and irrigation. If <br />possible, utilities shall be located underground. Floratam sod shall be used <br />whenever grass is called for in the landscaping. Where applicable, the design <br />shall comply with the Oslo Road Corridor plan requirements. The COUNTY <br />shall have the duty to coordinate improvements to 27th Avenue S.W. from 13th <br />Street S.W. to 5th Street S.W. The DEVELOPER agrees to provide the <br />engineering and design of said improvements, as approved by the Indian River <br />County Public Works Director and DEVELOPER agrees to construct and pay for <br />said improvements, in accordance with the approved design and engineering <br />plans. DEVELOPER also agrees to provide right-of-way maps for 27th Avenue <br />S.W. from 13th Street S.W. to 5th Street S.W., and parcel sketches and legal <br />descriptions for any necessary right-of-way acquisition. Any right-of-way needed <br />will be acquired by the COUNTY with the assistance of DEVELOPER. <br />DEVELOPER shall be required to make his fair share contribution toward any <br />right-of-way purchases. If and when the said improvement of 27th Avenue S.W. <br />from 13th Street S.W. to 5th Street S.W. is added to the to the County's Capital <br />Improvement Plan, DEVELOPER shall be entitled to reimbursement by <br />COUNTY of the costs associated with said improvements, less DEVELOPER'S <br />fair share contribution. DEVELOPER'S fair share to be determined by the Indian <br />River County Traffic Engineer using the usual and customary fair share analysis <br />used by Indian River County. Said improvements must be completed prior to the <br />issuance of the building permit for the 255th unit in PHASE 1 of the proposed <br />TURTLE CREEK PLANNED DEVELOPMENT. <br />3. COUNTY agrees to add the aforementioned improvements to 27th Avenue from <br />K <br />
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