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HomeMy WebLinkAbout2005-016RESOLUTION NO. 2005- 016 A RESOLUTION OF INDIAN RIVER COUNTY, FLORIDA, APPROVING AN EXCHANGE OF RIGHT-OF-WAY WITH INDIAN RIVER ASSOCIATES, LLLP. WHEREAS, Indian River Associates, LLLP owns 289 acres of property adjacent to the southeast corner of 17th Lane and 27th Avenue SW.; and WHEREAS, Indian River Associates, LLLP desires to acquire 3.508 acres of County owned property abutting Indian River Farms Water Control District Canal B-10, between 20th Avenue SW and 27th Avenue in exchange for 4.669 acres of property that will become 21st Street SW and its right-of-way. WHEREAS, Indian River County has agreed to pay additional compensation in the amount of $15,093.00 to Indian River Associates, LLLP as part of the exchange; and WHEREAS, the exchange of property between Indian River County and Indian River Associates, LLLP is part of a Second Amended Developer's Agreement negotiated by the parties, and WHEREAS, in addition to the exchange of property, the Developer's Agreement and the amendments thereto provides for purchase of additional right-of- way by the County for 27th Avenue, 20th Avenue SW, construction of 21st Street SW, construction of 20th Avenue SW, landscaping of 21st Street SW, sidewalk construction and other site related improvements; and WHEREAS, the terms and conditions of the proposed exchange have been noticed 125.37 in the newspaper once a week for two weeks pursuant to Florida Statute 1 t} RESOLUTION NO. 2005- 016 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD D OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, that the "Second Amended Developer's Agreement" between Indian River County, Florida and Indian River Associates, LLLP and the exchange of property contained therein is hereby approved and the Chairman is authorized to execute the Agreement and any necessary deeds and documents to effectuate the exchange. The resolution was moved for adoption by Commissioner Neuberger , and the motion was seconded by Commissioner Davi s , and, upon being put to a vote, the vote was as follows: Thomas S. Lowther, Chairman Aye Arthur R. Neuberger, Vice Chairman Aye Wesley S. Davis Aye Gary C. Wheeler Aye Sandra L. Bowden Aye The Chairman thereupon declared the resolution duly passed and adopted this 8th day ofalitaliM 2005. February BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA eyC-+G S. Thomas S. Lowther, Chairman BCC approved: 02-08-2005 ATTE T: Jeffrey K\Barton; Clerk By: Qac Deputy lerk Approved as to -form-_ and le • al sufficieh'c "- By: illiam DeBraal Assistant County Attorney 2