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ti <br />'.5 . s, <br />DEVELOPER'S AGREEMENT BETWEEN <br />INDIAN RIVER FEDERAL CREDIT UNION <br />AND <br />ELWILLASSOCIATES, INC. <br />AND <br />INDIAN RIVER COUNTY, FLORIDA <br />THIS AGREEMENT, entered this day of D c I o b c v , 2008, by and <br />between, and INDIAN RIVER FEDERAL CREDIT UNION, a not-for-profit financial <br />cooperative, 2800 200i Street, Vero Beach, FL 32960 hereafter referred to as Credit Union; and <br />ELWILL ASSOCIATES, INC., a Florida corporation, 319 Monroe Drive, West Palm Beach, FL <br />33405, hereafter referred to as Elwill; and INDIAN RIVER COUNTY, FLORIDA, a political <br />subdivision of the State of Florida, 1801 270' Street, Vero Beach, Florida, 32960, hereafter <br />referred to as COUNTY. <br />WITNESSETH <br />WHEREAS, the Credit Union has applied to develop a financial building to be known as <br />the Indian River Federal Credit Union, consisting of,� square feet (the "Project") Indiank�� <br />River County Project No. 200604025, to be built on the north side of Oslo Road west of 270` <br />Avenue, Indian River County; and <br />WHEREAS, in the same application Elwill has applied to develop a retail project <br />lb,bofl <br />consisting of square feet on a parcel of property directly to the north of the Credit CVdQ <br />Union property, and <br />Elwill and Credit Union properties that will serve as a stormwater retention pond for the planned <br />improvements and widening of Oslo Road. This Agreement will be an exhibit to the Contract <br />for Sale and Purchase. A sketch and legal description of the properties is attached to this <br />agreement as Exhibit A; and <br />WHEREAS, the County, the Credit Union and Elwill (collectively, the Parties) share <br />ii•! • •ill •11!111111 111111111•.lilillill• • u ••i ••u • • '•.• • • <br />retention pond, the Countyneeds a drainage easement• e• • •• and Elwill <br />•. and <br />I! <br />