Laserfiche WebLink
EXHIBIT "E" <br /> PROPORTIONATE SHARE AGREEMENT BETWEEN <br /> INDIAN RIVER COUNTY, FLORIDA <br /> AND <br /> [27th AVENUE DEVELOPER] <br /> THIS AGREEMENT, entered this day of 2006 by INDIAN RIVER <br /> COUNTY, FLORIDA a political subdivision Of the State of Florida, 1840 25th Street, Vero Beach, Florida, <br /> 32960 hereafter called COUNTY and , [DEVELOPER] 123 Easy Street , Suite 200, Florida City, FL <br /> hereafter referred to as the DEVELOPER. <br /> WITNESSETH <br /> WHEREAS, the DEVELOPER has [applied or submitted a site plan] to develop a [subdivision, <br /> planned development, site plan] to be known as [name of development] on a [size] acre parcel of land along <br /> the [location], (Indian River County Project Number [number]), which is legally described on Exhibit "A" <br /> attached and incorporated herein by reference, and; <br /> WHEREAS, [DEVELOPER] is a [Florida Corporation, Limited Liability Corporation, Partnership <br /> etc .] authorized to conduct business in the State of Florida; and is currently the owner of this property; and <br /> WHEREAS, [persons signing agreement] have the authority to act on behalf of [DEVELOPER] and <br /> enter into this agreement binding the parties; and <br /> WHEREAS, as part of the development process, DEVELOPER has submitted a traffic study signed <br /> and sealed by a Florida licensed professional traffic engineer. Pursuant to IndianRiver Code §952, the traffic <br /> study identifies the roads impacted by DEVELOPER' S proposed project; and <br /> WHEREAS, the traffic study shows DEVELOPER' S proposed project will impact the roadway link <br /> on 27th Avenue SW from 13th Street S .W. to 17th Street S .W. which is over the capacity as established by the <br /> County' s Comprehensive Plan; and <br /> WHEREAS, the County is currently planning to make improvements to 27th Avenue S.W. from 13th <br /> Street S .W. to 17th Street S .W. which will increase the capacity of the road; and <br /> WHEREAS , the improvements to 27th Avenue S .W. from 13th Street S .W. to 17th Street S .W. <br /> appear on the County' s Five Year Capital Improvements Program component of the Capital Improvements <br /> Element of the County ' s Comprehensive Plan; and <br /> WHEREAS, the COUNTY has estimated the costs of the improvements to be $4,356,000. 00 and <br /> F:4Attomey`.BillVagreemems`8roportionate SharelOslo 27 Reimbursemen1to Developer Exhibit E.doc <br />