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2008-104
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2008-104
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Last modified
2/6/2026 12:01:10 PM
Creation date
10/1/2015 12:03:27 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
04/08/2008
Control Number
2008-104
Agenda Item Number
8.W.
Entity Name
Fellsmere Investments LLC
Subject
Developer's Agreement for ALDEA Project
Area
Fellsmere NW corner of CR 512 /I 95 11050 Fellsmere Road
Supplemental fields
SmeadsoftID
6950
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contribution toward construction of the traffic signal on CR 512 and the PROJECT <br />entrance. <br />3. The COUNTY shall be responsible for the construction of the traffic signal on CR 512 at <br />the PROJECT entrance. In the event that the COUNTY does not construct the traffic <br />signal as set forth in this Agreement, the COUNTY shall reimburse the amount paid by <br />the DEVELOPER for such improvement in the event that the COUNTY has not <br />commenced with the construction of the traffic signal within five (5) years after the <br />Effective Date of this Agreement. <br />4. After the new traffic signal has been installed by the COUNTY and activated in either a <br />flashing or stop -and -go (red -yellow -green) mode, the COUNTY shall be responsible for <br />performing all signal -related engineering, operation and maintenance activities. The <br />DEVELOPER shall be responsible for funding all signal -related engineering, operation, <br />maintenance and electricity costs, in perpetuity, including electric account start-up fees. <br />Once each month after signal activation to either a flashing or stop -and -go (red -yellow - <br />green) mode, the COUNTY shall prepare an invoice for payment by the DEVELOPER, <br />which the DEVELOPER shall pay within 30 days. <br />5. All decisions regarding signal design, engineering, activation, timing, operation and <br />maintenance shall be made by the COUNTY. <br />6. Prior to the issuance of the first Certificate of Occupancy for this Project, The <br />DEVELOPER shall plan, design, obtain permits for and construct an east bound left turn <br />lane on CR512 at the Project entrance and a west bound right turn lane on CR512 at the <br />Project entrance in accordance with FDOT Green Book Specifications. The <br />DEVELOPER shall provide the COUNTY with plans and specifications for the roadway <br />improvements for review and approval. Once the DEVELOPER has amended the plans <br />in conformance with COUNTY comments, the COUNTY shall approve all design plans, <br />permit applications, and contract documents prior to construction. The DEVELOPER <br />shall contract with only licensed, insured contractors for construction of this <br />improvement. All contracts shall include Performance and Payment Bonds that shall <br />name the COUNTY as an additional party covered by the Bonds. The DEVELOPER <br />shall play 100% of the cost of planning, design, permitting and construction of these turn <br />lanes. The DEVELOPER shall provide a bill of sale to COUNTY for the improvements <br />in this paragraph together with a one year warranty covering said improvements. <br />
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