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t <br /> ORIGINAL <br /> DEVELOPER' S AGREEMENT <br /> between <br /> INDIAN RIVER COUNTY, FLORIDA <br /> and <br /> TABERNACLE BAPTIST CHURCH OF VERO BEACH, INC, <br /> This Developer' s Agreement, entered into this 1 st day of May, 200_L_ by <br /> and between INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State <br /> of Florida, hereinafter referred to as COUNTY, and TABERNACLE BAPTIST <br /> CHURCH OF VERO BEACH, INC . , hereinafter referred to as TABERNACLE, for the <br /> purpose of providing drainage facilities. <br /> WITNESSETH : <br /> WHEREAS , TABERNACLE owns a 12 . 33 +- acre parcel of land at the <br /> southwest corner of Old Dixie Highway and The South Relief Canal , known as Indian <br /> River County Tax Parcels 933 -39- 13 -00000-7000 -00029 . 0 and 30 . 0, hereinafter referred <br /> to as "parent tract" as described in Exhibit `B ' , attached hereto and incorporated herein <br /> by reference, and, <br /> WHEREAS , both COUNTY and TABERNACLE share mutual concerns with <br /> respect to road and drainage facilities for Old Dixie Highway, replacement of the bridge <br /> over the South Relief Canal , and future expansion of TABERNACLE ' S property located <br /> adjacent to Old Dixie Highway; and <br /> WHEREAS, both the COUNTY and TABERNACLE can assist each other <br /> through a joint effort that will facilitate widening the road, replacing the bridge, and <br /> providing stormwater treatment. <br /> NOW, THEREFORE, in consideration of the mutual terms, conditions, promises , <br /> covenants, and premises hereinafter, the COUNTY and TABERNACLE agree as <br /> follows : <br /> 1 .The above recitals are affirmed as being true and correct and are thereby <br /> incorporated herein . <br /> 2 .Within 30 days of execution of this AGREEMENT by all required parties, <br /> TABERNACLE shall convey to COUNTY by warranty deed , a parcel of land in the <br /> northeast corner of the parent tract for construction of a drainage retention facility. Said <br /> parcel shall contain 35 ,080 . 9 square feet or . 80 acre (legal description attached as Exhibit <br /> "A") . The COUNTY shall pay to the TABERNACLE the sum of $ 103 , 000 . 00 for said <br /> parcel . In addition. COUNTY shall pay TABERNACLE the sum of $ 1 ,750 . 00 as <br /> reimbursement for a real estate appraisal of said parcel that was previously paid for by <br /> TABERNACLE. <br /> 3 .The COUNTY shall construct at the COUNTY ' S sole cost and expense, a new <br /> 3 -lane bridge at Old Dixie Highway over the South Relief Canal, and road widening and <br /> paving improvements to provide left turn lanes at 1 st Street and 2nd Street . <br /> 4. The COUNTY shall construct its retention pond and outfall structure to the <br /> South Relief Canal north of the Exhibit "A" parcel (or as permitted by granting <br /> authorities) . COUNTY will oversize its outfall pipe in the event TABERNACLE may <br /> F: Tublic WarksVCapital Proiects0evelopers Agreements\TabemacleBaptistChurohl0-12-06 doc 1 <br /> RETURN To !, t2 , Coua; ry <br />