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The funds to reimburse the DEVELOPER shall derive from the proportionate share connection charges of each of the other three properties that use the constructed lines and facilities based on their percentage of the overall acreage. Said connection charges shall be collected by the COUNTY and reimbursed to the DEVELOPER at the time of application for Utilities for each parcel prior to the first connection to the subject 12 " Water Main. The COUNTY's obligation to make reimbursement to DEVELOPER shall expire five (5 ) years from the date of this Agreement. Compensation shall be in the form of a check from the County--the total of all payments shall not exceed the amount of $ 325 , 760 . 00 (see Exhibit-C , Item A) . B . 12 " Water Main (Part of Master Plan) The DEVELOPER shall furnish and install a 12 " PVC Water Main along 17`" Lane from its current terminus west of SW 20ffi Avenue to SW 27`'' Avenue . Reimbursement : The COUNTY shall reimburse the DEVELOPER pursuant to the provisions of Section 20 1 . 11 , The Code of Indian River County, for funds advanced by DEVELOPER to construct facilities in accordance with the COUNTY ' S Master Plan, less the cost of the DEVELOPER ' S front footage line extension fees as set forth below. The funds to reimburse the DEVELOPER shall derive from the capital projects budget based on projected future payment of capacity charges at a rate of one-fifth of the total reimbursable amount per year (after dedication of the utility to the COUNTY) for a period of five years . The first one-fifth payment shall be made at the time of the utility dedication to the COUNTY . Subsequent payments shall be made on the yearly anniversary of the utility dedication. If the amount of projected capacity charges is not realized, the reimbursement to DEVELOPER shall be reduced proportionately. Compensation shall be in the form of a check from the COUNTY-the total of all payments shall not exceed the amount of $ 139 , 948 (see Exhibit-C , item B) . The COUNTY 's obligation to make reimbursement to DEVELOPER shall expire five (5 ) years from the date of this Agreement . The DEVELOPER ' S share for this portion is tabulated below: Frontage Total Frontage Cost per Front Footage $/ ft. ) Develo er Cost 29570 29570 $ 11 . 25 $ 289913 C . 16 " Sanitary Force Main (Part of Master Plan) The DEVELOPER shall furnish and install a 16 " PVC Sanitary Force Main along 17'' Lane from its current terminus at SW 20`x' Avenue to SW 27"' Avenue . Reimbursement : The COUNTY shall reimburse the DEVELOPER pursuant to the provisions of Section 20 1 . 11 , The Code of Indian River County, for funds advanced by DEVELOPER to construct facilities in accordance with the COUNTY ' S Master Plan, less the cost of the DEVELOPER ' S front footage line extension fees as set forth below. The funds to reimburse the DEVELOPER shall derive from the capital projects budget based on projected future payment of capacity charges at a rate of one-fifth of the total reimbursable amount per year (after dedication of the utility to the COUNTY) for a period of five years . The first one-fifth payment shall be made at the time of the utility dedication to the COUNTY . Subsequent payments shall be made on the yearly anniversary of the utility dedication. If the amount of projected capacity charges is not realized, the reimbursement to DEVELOPER shall be reduced proportionately. Compensation shall be in the form of a check from the COUNTY-the total of all payments shall not exceed the amount of $ 202 ,219 (see Exhibit-C , item C) . The COUNTY's obligation to make reimbursement to DEVELOPER shall expire five (5 ) years from H.TAGCON TRACE\UTU= AGREEMENT REVISED V9.DOC . 2 -