7/20/2016 1:28:03 PM
9/30/2015 8:48:35 PM
Official Document Type
Agenda Item Number
Vero Enterprises, LLC
Developer's Agreement Echo Lake
43rd Ave. north of 21st. SW
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rt y � <br /> DEVELOPER' S AGREEMENT BETWEEN <br /> INDIAN RIVER COUNTY, FLORIDA <br /> AND <br /> VERO ENTERPRISES, LLC FOR <br /> ECHO LAKE PLANNED DEVELOPMENT <br /> THIS AGREEMENT, entered this 24th day of Mary , 2005 , b and between <br /> INDIAN RIVER COUNTY, FLORIDA a political subdivision of the State of Florida, 1840 25th <br /> Street, Vero Beach, Florida, 32960 hereafter called COUNTY and Vero Enterprises, C, a Florida <br /> Corporation, c/o Alan T. Armour, Nason, Yeager, Gerson, White, Lioce, P .A. , 1645 Palm Beach <br /> Lakes Blvd. , Suite 1200, West Palm Beach, Florida 33401 , hereafter referred to as the <br /> DEVELOPER. <br /> WITNESSETH <br /> WHEREAS, the DEVELOPER has applied to develop a residential development to be <br /> known as Echo Lake on approximately 112 . 73 acres of land along the east side of 43rd Avenue north <br /> of 21St Street SW in Indian River County, Project Number PD-04-0303, the legal description is <br /> attached as Exhibit "A" and incorporated herein by reference, and; <br /> WHEREAS , the COUNTY and DEVELOPER share mutual concerns with respect to <br /> construction of a three-lane bridge across the Indian River Farms Water Control District 43rd Avenue <br /> canal at 21St Street SW, a westbound left-tum lane along 21 " Street SW east of 43 rd Avenue, an <br /> eastbound left turn lane along 21s` Street SW at 35th Avenue SW and at .the project ei itrance, and a <br /> southbound left turn lane along 43rd Avenue at 21 " Street SW to accommodate roject traffic <br /> volumes, and the general public, and; <br /> WHEREAS , the DEVELOPER is planning to donate needed right-of--way to Pave portions <br /> of 21 " Street SW from 35th Avenue to 43rd Avenue as a three-lane road with a center turn lane in the <br /> near fixture along the Echo Lake frontage, and; <br /> WHEREAS , both the COUNTY and DEVELOPER can mutually benefit each other through <br /> a joint effort that will share the cost of the proposed bridge and turn lane improvements, and; <br /> WHEREAS, the DEVELOPER plans to construct Echo Lake in four phases but plans for all <br /> phases have not been submitted to COUNTY to date. Thus , the parties acknowledge they may need <br /> to negotiate additional Developer Agreements in the future as future plans are subm' tt ed. <br /> NOW, THEREFORE, inconsideration ofthe mutual terms, conditions, promises, covenants <br /> and premises hereinafter, the COUNTY and DEVELOPER agree as follows : <br /> 1 <br /> F:Tublic WorksWimPlAgreement DocsTeveloper's Agreements\Echo Lake-Dev Agndoc <br />
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