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and appurtenances from the south west corner of U. S . Highway 1 and 53'a Street (connects into the 12- <br /> inch Master Planned force main of Part 1 , above), cross east under U. S . Highway 1 , run east along the <br /> south side of 53'd Street, cross under 53 `d Street, run along the north side of 53 `d Street, then north, <br /> and end at the proposed Regional Lift Station in The Reserve at Grand Harbor property for <br /> approximately 1 ,341 linear feet (See Exhibit "C"). The DEVELOPER shall furnish and install this <br /> public regional lift station (See Exhibit "D") and three 8-inch diameter sanitary gravity sewer stub <br /> outs, less the 8 -inch direction bore, (See Exhibit "C") to provide gravity sewer to this new Regional <br /> Service Area (See Exhibit "D"). <br /> Reimbursement: The COUNTY shall reimburse the DEVELOPER pursuant to the provisions of <br /> Section 20 1 . 11 , The Code of Indian River County, for funds advanced by DEVELOPER to construct <br /> oversized facilities as requested by Indian River County Utilities Department based upon an equitable <br /> reimbursement formula using the service area and use shown in Exhibit "D", and the actual cost of <br /> Part 2, based on an itemized invoice of the installed material at the time the above referenced facilities <br /> are dedicated to and accepted by the COUNTY. The estimated cost of Part 2 is shown in Exhibit `B - <br /> 2". The funds to reimburse the DEVELOPER shall derive from the connection charges of other <br /> properties that use the constructed lines and facilities based on their share of ERUs as outlined in the <br /> table below. The ERUs and percentages shown in the table below are based on the development <br /> potential of each parcel listed. The COUNTY's obligation to make reimbursement to the <br /> DEVELOPER shall expire ten ( 10) years from the date the above referenced facilities are dedicated to <br /> and accepted by the COUNTY. The COUNTY will reimburse the DEVELOPER as payment for <br /> connection to the system from other parties is received and clears. Compensation shall be in the form <br /> of a check from the County any time one or more of the parcels shown in Exhibit "D" connects to the <br /> lines and facilities constructed as Part 2 of this project. The reimbursement payment amount to the <br /> DEVELOPER for each parcel ' s connection shall be the "Percentage of Total ERUs" listed in the table <br /> below multiplied by the actual cost of Part 2 . The actual cost of Part 2 will be based on an itemized <br /> invoice of the installed material at the time the above referenced facilities are dedicated to and <br /> accepted by the COUNTY. The total of all payments shall not exceed 52 . 21 % of the actual cost. <br /> The DEVELOPER ' S potential reimbursement for this portion is tabulated below: <br /> Existing ERU Estimated <br /> Parcel Parcel Parcel Parcel Determination Percentage Reimbursement <br /> Number Zoning Acreage ERUs Descri tion of Total ERUs from Connection <br /> IA RM-6 64 . 83 388 6 x Ac = ERUs 47 . 79% N/A <br /> 1B RM-6 12 .27 73 6 x Ac = ERUs 8 .99% $229100 . 80 <br /> 2 RM-6 9 .99 59 6 x Ac = ERUs 7. 27% $ 171872 . 39 <br /> 3 RM-6 5 . 89 35 6 x Ac = ERUs 4. 31 % $ 101595 . 60 <br /> 4 RM-6 5 . 65 33 6 x Ac = ERUs 4 .06% $ 99981 .01 <br /> 5 RM-6 2 . 78 16 6 x Ac = ERUs 1 .97% $49843 .00 <br /> 6 CG 19 . 23 115 ( 1500 x Ac)/250 = ERUs 14 . 16% $ 349810 . 61 <br /> 7 CG 0 . 31 1 ( 1500 x Ac)/250 = ERUs 0 . 12% $295 . 01 <br /> 8 CG 15 .38 92 ( 1500 x Ac)/250 = ERUs 11 .33 % $279853 .40 <br /> TOTAL ERUs : 812 <br /> ESTIMATED TOTAL COST : $2451837.61 <br /> DEVELOPER'S SHARE : $ 117,485 . 79 <br /> POTENTIAL REIMBURSEMENT : $ 128 ,351 . 82 <br /> Page 2 <br /> ENHW2401MDEVEIAPERS AGREEMENT (1-6-04).DOC <br />