HomeMy WebLinkAbout2020-236BTHIRD ADDENDUM TO AGREEMENT
BETWEEN
INDIAN RIVER COUNTY, FLORIDA AND
REDEVGROUP, INC.
THIS THIRD ADDENDUM is made and entered into this 10tYt1ay ofNovember , 2020,
by and between Indian River County, Florida, a political subdivision of the State of Florida, 1801
27th Street, Vero Beach, FL 32960, ("County"), and REDEVGROUP, INC., a Florida Profit
Corporation, 1826 US Highway 1, Vero Beach, FL 32960 ("Developer").
WITNESSETH
WHEREAS, County and Developer entered into an Agreement dated June 12, 2018,
("Agreement"), which Agreement was amended by that First Addendum thereto dated September
11, 2018("First Addendum"), and further amended by that Second Addendum thereto dated
November 13, 2018 ("Second Addendum"), and
WHEREAS, County and Developer desire to further amend the Agreement as described
herein;
NOW, THEREFORE, for in consideration of the mutual promises and covenants contained
herein, the sufficiency of which is hereby acknowledged, County and Developer hereby agree as
follows:
1. The foregoing recitals are incorporated as if fully restated herein.
2. Section 4 of the Agreement is hereby amended to read as follows (words
underlined are additions; words are deleted):
Section 4: Developer shall record a Declaration of Restrictive Covenants which
will restrict the development of Lot 5 with the following standards:
a. The combined pervious and stormwater areas are not to be less
than 44% of the total property area. No building or pavement shall
be constructed within the southern most 75' of property (this area
shall be used for landscaping, water retention and signage).
b. A minimum of six (6) specimen trees shall be preserved.
C. No single building footprint shall exceed 8,000 square feet, and
onsite buildings shall be separated by a minimum of 50 feet. The
average size of all buildings shall be 7,200 square feet or less.
d. State Road 60 criteria, parking, setbacks and buffers shall apply
per code.
3. Except as amended or restated by this Addendum, the Agreement and all of its
terms and conditions remains in full force and effect.
REDEVGROUP, INC.,
a Florida Profit Corporation
By:
WITNESS: 'zk" '&
WITNA�- k�
(Corporate seal is acceptable in place
of witnesses)
2
BOARD OF COUNTY COMMISI
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Its:Chairman
BCC Approved: November 10, 2020
JEFFREY R. SMITH, CLERK OF
Attest: LLER
By:
Deputy Clerk
Name: k) A"'o
(Approved as to Form and Legal Sufficiency)