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✓ . a - ai- ® � � do � - D 60 DEVELOPERS AGREEMENT BETWEEN INDIAN RIVER COUNTY, FLORIDA AND WOODSIDE TUSCANY, LLC FOR TUSCANY LAKES SUBDIVISION THIS AGREEMENT, entered this 21 St day of February, 2006, by and between INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida, 1840 25th Street, Vero Beach, Florida 32960 hereafter called COUNTY and Woodside Tuscany, LLC, a Florida Limited Liability Company, 2541 Metro Centre Boulevard, Suite 1 , West Palm Beach, Florida 33407, telephone (561 ) 688-2020, hereafter referred to as the DEVELOPER. WITNESSETH WHEREAS, the DEVELOPER has applied to develop a residential community to be known as Tuscany Lakes Subdivision on approximately 59 acres of land on the south side of 77th Street, west of 58th Avenue in Indian River County, Project Number SD-04- 11 -52 (2004050472-43084), the legal description is attached as Exhibit "A" and incorporated herein by reference, and; WHEREAS, the COUNTY and DEVELOPER share mutual concerns with respect to improvements at the intersections of 77`h Street/58th Avenue and 45`h Street/58th Avenue, and; WHEREAS the COUNTY is planning to make improvements to the intersections of 77th Street/58th Avenue and 45" Street/58th Avenue, and; WHEREAS, both the COUNTY and DEVELOPER can mutually benefit each other through a joint effort that will share the cost of the proposed 77`h Street/581h Avenue and 45`h Street/58th Avenue intersection improvements. NOW, THEREFORE, in consideration of the mutual terms, conditions, promises, covenants and premises hereinafter, the COUNTY and DEVELOPER agree as follows: 1 . The above recitals are affirmed as being true and correct and are thereby incorporated herein. 2 . a. A northbound left turn lane on 58 h Avenue at 77th Street is a necessary improvement to accommodate increased traffic generated by the Tuscany Lakes Subdivision.