HomeMy WebLinkAbout2007-141 h
AGREEMENT FOR THE CONTRIBUTION OF FUNDS
FOR ROSELAND ROAD LEFT-TURN LANE
JO J J -
THIS AGREEMENT , made and entered into this 1 st day of May
2007 by and between BY THE RIVER, INC . , a Florida nonprofit corporation , hereinafter
referred to as " Developer", and INDIAN RIVER COUNTY, a political subdivision of the
State of Florida , hereinafter referred to as "County".
WITNESSETH :
1 . Developer received conceptual approval by the Board of County
Commissioners on February 18 , 2003 for the project identified as :
Project Title: Kashi Ashram PD ACLF Pod K
Project Number: PD-07-05-04
Project Live- IRC Number: 201070204-57823
Project Location : 11145 Roseland Road , Roseland , FL 32957
2 . Developer is required to construct a left-turn lane on Roseland Road
according to County standards .
3 . Developer acknowledges that County has the Roseland Road
Rehabilitation Project currently underway and it is acceptable to County to include the
construction of the left-turn lane into County's road project.
4 . It is agreed between the parties that in consideration of the
contribution by Developer to County of the sum of $ 103 , 801 .06, which sum represents the
cost of construction of the left-turn lane along Roseland Road , County releases Developer
from the condition to construct said left-turn lane .
5. Developer acknowledges that the payment of the sum referenced in
paragraph 4 above is to be deposited into the Roseland Road Rehabilitation Project Account
( 109038-369940-07803) of the County, and Developer is not entitled to any refund or return
of monies associated with this agreement.
IN WITNESS WHEREOF, the parties hereunto set their hands and seals this
1 st day of May 2007.
BY THE RIVER, INC . , a Florida nonprofit
corporation
By
D"urga D. Hutner, President
APPROVED AS TO FORM " DEVELOPER"
AND LE � /
ST fJ AN RIVER COUNTY, FLORIDA
I; WILLIAM *a COLUNS 11
a COUN7YATiilt , .•;
By
ATTEST: J . K. Barton , Clerk. , Q, Gary heeler, Chairman
By:
Deputy Clerk �� oa •! •
"COUNTY"
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