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