Laserfiche WebLink
DEVELOPER' S AGREEMENT <br /> BETWEEN <br /> INDIAN RIVER COUNTY, FLORIDA, <br /> AND VERO VILLAGE , LLC <br /> FOR 37TH STREET IMPROVEMENTS <br /> THIS AGREEMENT, entered into this 13th day of June 2006, by and between <br /> INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida, 1840 <br /> 25th Street, Vero Beach, Florida 32960, hereafter called COUNTY and VERO VILLAGE, <br /> LLC, 1945 20`h Street, Vero Beach, Florida, 32960 hereafter called DEVELOPER; <br /> WHEREAS, the DEVELOPER has applied to construct a residential subdivision in <br /> Indian River County, Florida, to be known as Vero Village Subdivision (the "Subdivision"), <br /> Project Number 2001010025 , located south of 37`h Street, between 58th Avenue and 66`h <br /> Avenue. The legal description of the subdivision is attached as Exhibit "A" and incorporated <br /> herein by reference; and <br /> WHEREAS, both the COUNTY and DEVELOPER can mutually benefit through a joint <br /> effort that will provide for right-of way acquisition, engineering design, permitting, and <br /> construction of two-lane paving, drainage, and related improvements to 37`h Street between 58`h <br /> Avenue and 66`h Avenue, or a portion thereof (the "Road Project"); <br /> NOW, THEREFORE , in consideration of the mutual terms, conditions, promises, <br /> covenants and premises hereafter, the COUNTY and DEVELOPER agree as follows : <br /> 1 . RECITALS. The above recitals are affirmed as being true and correct and are thereby <br /> incorporated herein. <br /> 2 . RIGHT-OF-WAY ACQUISITION, FUNDING, AND CONSTRUCTION OF 37TH <br /> STREET IMPROVEMENTS . In connection with the Road Project, it is the <br /> COUNTY' s and DEVELOPER' s preference to acquire needed right-of way, to design, to <br /> permit, and to construct two-lane paving, drainage, and related improvements to 37`h St. <br /> from 66`h Ave. to 58`h Ave. as one continuous project, approximately one ( 1 ) mile long. <br /> Currently, the 37`h Street right-of-way between 66`h Avenue and 58`h Avenue is <br /> approximately 30 feet wide. The property owners adjacent to and north of 37`h Street, <br /> west of the east line of the Subdivision' s internal roadway connection to 37`h Street <br /> 1 <br />