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STATE Of K0910A <br />INDIAN; RIVER COUNTY <br />THIS 15 TO CERTIFY THAT T1415 15 <br />A TRUE AND CORRECT COPY OF <br />THE ORIGINAL ON FILE IN THIS <br />OFFICE. <br />C/00 <br />TRAFFIC IMPACT FEE CREDIT AGREEMENT <br />BETWEEN 1559777 <br />THIS DOCUMENT HAS BEEN <br />INDIAN RIVER COUNTY, FLORIDA N THE PUBLIC RECORDS OFRECORDED <br />AND INDIAN RIVER COUNTY FL <br />EF . BARTON, CLERIC BK: 1758 PG:543, Pagel of 5 <br />BYL DODGERTOWN VENTURE, LLLP 07/13/2004 at 10:28 AM, <br />DATE Iy aro tiC JEFFREY K BARTON, CLERK OF <br />1" COURT <br />WHEREAS, on March 23, 2004 the Board of County Commissioners of <br />Indian River County, Florida approved Resolution No. 2004-033 which <br />Resolution approved an exchange of property with Dodgertown Venture, LLLP; <br />and <br />WHEREAS, condition number 3 of the exchange resolution read <br />A <br />�.: "Dodgertown Venture will deed to Indian River County 25 feet of additional right- <br />of-way (1.2064 acres) from the western border of its property <br />Q traffic impact fee credits, with the amount not to exceed $75,000.00;" and for <br />WHEREAS, condition number 4 of the exchange resolution provided that <br />"Dodgertown Venture will accept 1.2064 -acre feet of stormwater runoff from 43rd <br />J.. Avenue right-of-way in the southern 30 acres of its residential development area, <br />n <br />by means of a drainage/stormwater management easement in favor of Indian <br />u< <br />W�'L River County;" and <br />=o <br />..j <br />CCOO> WHEREAS, said deed and easement to IrXiloian River County had been <br />executed by Dodgertown Venture, LLLP this of June, 2004; and <br />WHEREAS, Indian River County Code Section 953.10(1) allows any <br />person commencing land development activity generating traffic to apply for a <br />credit against any fee owed for any land accepted and received by Indian River <br />County; and <br />WHEREAS, the parties to the exchange have agreed that the market <br />value of the right-of-way and easement is $75,000.00; and <br />WHEREAS, Indian River County Code Section 953.10(4) allows a credit <br />agreement to be approved by the County Administrator after the land dedication <br />is received and the application is fully executed by applicable parties; and <br />WHEREAS, consistent with Indian River County Code Section <br />953.10(6)(c), the 43rd Avenue widening meets an expansion need on the <br />County's 20 -year Transportation Capital Improvements Program, <br />'rl <br />F:\attorney\nancy\DOCS\DOC\TRAFFIC IMPACT FEE CREDIT AGREEMENT DODGERTOWN VENTURES LLLP.doc <br />