HomeMy WebLinkAbout2010-089D
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AMENDMENT #3 TO DEVELOPER'S AGREEMENT
BETWEEN INDIAN RIVER COUNTY, FLORIDA
AND POINTE WEST OF VERO BEACH, LIMITED PARTNERSHIP
This Amendment No. 3 to the Developer's Agreement between Indian River County, Florida and
Ponte West of Vero Beach, Limited Partnership dated July 27, 1999, hereby revises the original
agreement and Amendment No. 1 dated May 22, 2001, and Amendment No. 2 dated March 15,
2005, as follows:
1. Page 3, Paragraph 4 shall be revised as follows:
a. Line 9 shall be amended after the sentence "Funding to be 50% COUNTY and 50%
DEVELOPER." by adding the following: "To the DEVELOPER'S 50% funding share, a
monetary credit shall be applied for the transference of the following four items from the
DEVELOPER to the COUNTY:
1) Temporary construction easements necessary for the construction of 16th Street
2) Right -of Way near the intersection of 160 Street and 74th Avenue
3) Drainage easement for treatment of stormwater runoff from 16th Street
4) Golf course interruption due to drainage pipe construction"
The DEVELOPER'S 50% share of the 16th Street paving is $458,385.94. The cash value of the
four items needed from the DEVELOPER is as follows:
1) Temporary construction easement= 0.83 acres x $50,000/acre x 10% _ $ 4,149
2) Right-of-way = 0.07 acres x $50,000/acre = $ 3,444
3) Drainage easement = 2 acres x $50,000/acre = $100,000
4) Golf course interruption = $ 1.500
Total = $109,093
New DEVELOPER 50% share of 16th Street paving = $458,385.94 - $109,093 = $349,292.94
FVublic WorkMLuenne WAgreement Docs\Developer's Agreements\Pointe West, AMENDMENT #3 03-01-10.doc
IN WITNESS WHEREOF the COUNTY and DEVELOPER has caused these presents to
be executed on this 6th day of Apri 1 , 2010.
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OWNER
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BOARD (7F''COUNTY COMMSIONERS
tNDiA1l^RIVE',R COIi.IVTY, FLORIDA
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i:O'Bryan,�Chairman
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Approved by BCC April 6. 2010
ATTEST:
Jeffrey K. Barton, Clerk of Circuit Court
as to Form and
S. Polackw
Sr., County Attorney
DEVELOPER
POINTE WEST OF VERO BEACH,
LINTED PARTNERSHIP
Charles Mechling, President
Pointe West of Vero Beach, Inc.
(its corporate General Partner)
(Printed name and title)
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FAPublic Works%Luanne M1Agreement Docs0eveloper's Agreements\Pointe West, AMENDMENT O 03-01-10.doc