HomeMy WebLinkAbout2022-233FIFTH ADDENDUM TO AGREEMENT
BETWEEN
INDIAN RIVER COUNTY, FLORIDA AND
REDEVGROUP, INC.
THIS FIFTH ADDENDUM is made and entered into this 8th day of November , 2022,
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 has been amended by the First, Second, Third and Fourth
Addendums thereto; 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 stmek thfeugh 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 9,400 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 Pro, fit Corporation
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WITNESS: A�t C "
WITNESS:
(Corporate seal is acceptable
of witnesses)
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BOARD OF COUNTY COMMISIONKj' •". Sio,;�•.4
INDIAP11 COUNTY, FLORk 4 s
By: =*:
Print Name: Peter D. 0'Br a :off:
Its: Chairman �, ; • f n , off."
BCC Appr ed: No mber 8, 2022
Attest:
By:
VfA-'-1k"V
Name:
(Approved as to Form and Legal Sufficiency)