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HomeMy WebLinkAbout2005-118 DEVELOPER' S AGREEMENT BETWEEN SUNLAND DEVELOPMENT, INC . , SERENOA, LLC , AND 0 ` INDIAN RIVER COUNTY, FLORIDA FOR 5TH STREET SW ROAD CONSTRUCTION THIS AGREEMENT (the "Agreement") is entered into by and between SUNLAND DEVELOPMENT , INC . , a Florida corporation (" SUNLAND'") , SERENOA, LLC , a Florida limited liability company, formerly known as AW , LLC , a Florida limited liability company (" SERENOA") , each individually a "DEVELOPER" and collectively the "DEVELOPERS ", and INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida (the " COUNTY) , each individually a "Party" and collectively the "Parties " . RECITALS WHEREAS , SUNLAND is the fee simple owner of certain real property consisting of approximately 79 . 26 acres of land along the north side of 5th Street SW in Indian River County Florida, more particularly described in the legal description attached hereto as Exhibit "A" and incorporated herein by this reference (the " Sunland Property") ; and WHEREAS , SERENOA is the fee simple owner of certain real property consisting of approximately 97 . 33 acres of land along the north side of 5th Street SW in Indian River County Florida, more particularly described in the legal description attached hereto as Exhibit "B " and incorporated herein by this reference (the " Serenoa Property") ; and WHEREAS , SUNLAND , SERENOA, and COUNTY share mutual concerns with respect to paving and other improvements to 5th Street SW to accommodate project traffic volumes and the general development plans for their individual properties ; and WHEREAS , the COUNTY owns and maintains a portion of 5th Street SW adjacent to the Sunland Property and the Serenoa Property and possesses a right of way across various other portions of 5th Street SW adjacent to the Sunland Property and the Serenoa Property , all which the DEVELOPERS desire to improve ; and WHEREAS , the COUNTY is willing to grant DEVELOPERS the authority to enter on and improve 5th Street SW provided that the DEVELOPERS convey the right-of-way to the COUNTY in fee simple after completion of the improvements and provide a bill of sale for any improvements , all which the COUNTY agrees to accept and maintain ; and WHEREAS , SUNLAND , SERENOA , and COUNTY can mutually benefit each other through a joint effort to pave 5th Street SW and share in the costs of the proposed 5th Street SW improvements . 1 of 9 AGREEMENT NOW THEREFORE , in consideration of the sum of Ten and 00/ 100 Dollars ($ 10 . 00) and other good and valuable consideration , the sufficiency of which is hereby acknowledged, as well as the covenants and promises of each Party hereinafter set forth , the Parties do hereby agree and covenant with each other as follows : 1 . RECITALS . The foregoing Recitals are true and correct and are incorporated herein by this reference . 2 . ROAD PROJECT. For the purposes of this Agreement, the general area of 5th Street SW to be improved or constructed is as follows : From a point beginning at the end of the existing paved portion of 5th Street SW proceeding east approximately 1883 feet to the centerline of 12th Avenue , proceeding east approximately 720 feet to the proposed entrance to the Serenoa Property as more particularly described on Exhibit "C " , which is attached hereto and hereby incorporated by this reference . (the "Road Project") SUNLAND and SERENOA agree to each allow the construction of the Road Project on their properties as set forth in the Construction Plans . 3 . CONSTRUCTION PLANS . SERENOA and SUNLAND agree to equally share the cost in having fully engineered construction plans designed to Florida Department of Transportation "Green Book" standards for the Road Project (the "Construction Plans ") and other projects undertaken pursuant to this Agreement prepared, and will provide these plans to the COUNTY, regulatory agencies connected with the State of Florida, and regulatory agencies connected with the federal government, prior to construction for their review and approval . The DEVELOPERS agree that SUNLAND shall select the architect, surveyor, engineering firm , environmental consultants , and other professionals necessary to prepare the Construction Plans . The DEVELOPERS or their principals shall be solely responsible for obtaining all permits for construction of the Road Project . If the roadway is constructed prior to the installation of any water or sewer lines , the Construction Plans shall be designed in such way that the roadway not be above any currently planned or anticipated water or sewer lines . 4 . MANAGING DEVELOPER. The DEVELOPERS agree that SUNLAND shall oversee the day-to - day construction of the Road Project and other projects undertaken pursuant to this Agreement in conformance with the Construction Plans . SUNLAND and SERENOA agree to equally share all reasonable third-party out-of-pocket costs incurred by either Party in connection with the construction of the Road Project in accordance with the Construction Plans . The DEVELOPERS agree that SUNLAND shall be allowed to exercise reasonable professional judgment in the execution of the Construction Plans . Any changes to the permitted Construction Plans shall be approved by the COUNTY in writing . It is understood and agreed that SUNLAND shall cause the commencement of the construction of the Road Project to occur within six (6) months from the date of this Agreement, with an anticipated completion date of six (6) months from the date of the commencement of construction , and that a default thereof shall 2 of 9 give SERENOA the right to assume the management duties of SUNLAND under this section and any other management duties or rights accruing to SUNLAND under this Agreement, and upon such assumption SUNLAND will have been deemed to have given SERENOA such equivalent authorities as those originally granted by SERENOA to SUNLAND under this Agreement. 5 . COST OF CONSTRUCTION OF THE ROAD PROJECT. On behalf of both DEVELOPERS , SUNLAND shall seek bids from road construction contractors authorized to do business in Indian River County, Florida for the construction of the Road Project according to the Construction Plans . SUNLAND shall solicit a minimum of three (3 ) bids . The DEVELOPERS shall mutually agree upon the road contractor who is to be awarded the contract for the construction of the Road Project . SERENOA and SUNLAND agree to each pay fifty percent (50%) of the total construction cost of the Road Project . SUNLAND will invoice SERENOA at the end of every month which will be due on the 15th of the following month . 6 . HABITAT MITIGATION AND RESTORATION COSTS , The DEVELOPERS agree to undertake such habitat mitigation and restoration projects necessary to obtain development permits for the Road Project as set forth in the Construction Plans and other documents generated by regulatory agencies . On behalf of both DEVELOPERS , SUNLAND shall seek bids from contractors authorized to perform habitat mitigation and restoration in Indian River County, Florida for the construction of such habitat mitigation and restoration projects . SUNLAND shall solicit a minimum of three (3 ) bids . The DEVELOPERS shall mutually agree upon the contractor who is to be awarded the contract for the construction of such habitat mitigation and restoration projects . SUNLAND and SERENOA agree to each pay fifty percent ( 50%) of the total construction cost of these habitat mitigation and restoration projects , including, but not limited to , compliance costs, permitting costs , design costs , and construction costs . SUNLAND and SERENOA agree to each allow such habitat mitigation and restoration projects to be constructed on their individual properties , in such way as to incur the least overall cost to the DEVELOPERS , as set forth in the Construction Plans and other documents generated by regulatory agencies . Each Party may increase the amount of habitat mitigation and restoration on their individual property provided such Party pays for the increase in cost as a result of such increased habitat mitigation and restoration . Should the DEVELOPERS be required by any state or federal agencies to monitor, track, or maintain any of the habitat mitigation and restoration projects created in conjunction with this Agreement, SUNLAND and SERENOA agree to each pay fifty percent (50 %) of such costs for a period of five (5 ) years, after which each DEVELOPER agrees to pay one hundred percent ( 100%) of the costs of monitoring and maintenance of any habitat mitigation or restoration projects constructed on their individual properties . 7. STORMWATER AND DRAINAGE . SUNLAND and SERENOA agree that all stormwater from the Road Project will be diverted into individual storm water facilities as approved by the COUNTY on their respective individual properties . 8 . FINANCIAL ABILITY TO PERFORM OBLIGATIONS . Each DEVELOPER individually warrants that they are financially able to perform their obligations under this Agreement . Each DEVELOPER agrees to post a performance bond equal to 55 % of 3 of 9 r the Road Project . The COUNTY shall be named as payee on the any such performance bond . The performance bonds shall be rated by Best ' s at no less than A+ 15 . 9. CONTRIBUTION BY THIRD PARTIES . SUNLAND and SERENOA agree that any monies contributed to the Parties for the construction of the Road Project and any other projects undertaken pursuant to this Agreement by the COUNTY or any other entity not a Party to this Agreement, including the State of Florida, shall be applied on a pro -rata basis towards the construction of such project . 10. ADMINISTRATION OF CONSTRUCTION CONTRACTS . SUNLAND shall administer the DEVELOPERS ' obligations under any contract entered into with a contractor for the construction of the Road Project or other projects undertaken pursuant to this Agreement. Both SERENOA and SUNLAND will be required to execute the contracts with the various firms retained to prepare the Construction Plans , the contractors, all change orders, and modifications . In addition, SERENOA hereby irrevocably gives SUNLAND the authority to approve all job requests , including the required documentation to be submitted in connection with such job requests , back charges, and other documents required by the contractors or COUNTY to be executed by the DEVELOPERS in connection with the construction of the Road Project or other projects undertaken pursuant to this Agreement . 11 . LITIGATION INVOLVING THE ROAD PROJECT OR PROJECTS . In the event of any litigation involving the Road Project or other projects undertaken pursuant to this Agreement, and including litigation with the contractors , any subcontractor, sub-subcontractor, or material men , the DEVELOPERS shall jointly select an attorney to represent them and shall equally share in the costs of prosecuting or defending any such litigation . 12 . INSURANCE . The DEVELOPERS agree to each obtain general liability insurance in an amount not less than One Million Dollars ($ 1 , 000 , 000 . 00) per occurrence , with a deductible not greater than Ten Thousand Dollars ($ 10 , 000 . 00) or such other amount of coverage and deductible as may be agreed by both parties . Each OWNER will be named as an additional insured on the other OWNERS ' general liability policy of insurance until the Road Project are accepted by the COUNTY . In addition, SUNLAND shall require the contractors selected to construct the Road Project and any projects undertaken pursuant to this Agreement to obtain, maintain , and furnish to DEVELOPERS and COUNTY such insurance as deemed necessary by SUNLAND . COUNTY shall be listed as an additional insured on all such insurance policies , except workers ' compensation insurance . Such insurance policy shall be primary and non- contributory with any insurance of COUNTY . 13 . ACCESS AND ACCEPTANCE BY COUNTY. COUNTY hereby grants DEVELOPERS the right to enter on any land owned or on any right of way owned or controlled by the COUNTY within the Road Project as depicted on Exhibit "C " . Prior to the issuance of a certificate of occupancy to SUNLAND or SERENOA for their respective properties , the Road Project shall be completed in a form acceptable to the COUNTY . Upon completion of construction of the Road Project as outlined in the Construction Plans , the DEVELOPERS agree to convey, and COUNTY hereby agrees to accept and maintain , the Road Project and any right of way created in conjunction therewith as specified in the Construction Plans together with any 4 of 9 landscaping required by the COUNTY as specified in the Construction Plans . The DEVELOPERS shall be responsible for any right-of-way permits necessary under this paragraph . The DEVELOPERS agree to warranty the physical improvements constituting the Road Project and any landscaping conveyed to COUNTY for a period of one ( 1 ) year from the date of conveyance . 14 . INDEMNITY . Each DEVELOPER shall defend , indemnify, and hold the other DEVELOPER and the COUNTY harmless of and from any and all liens , claims , actions, loss , cause , damages , and/or expenses ( including reasonable attorneys ' , paralegal fees , and costs , whether at trial or on appeal) arising out of or in any way related to the performance or non- performance by an DEVELOPER or such DEVELOPER ' S agents , employees , contractors , subcontractors , or licensees under this Agreement . In respect to the Road Project, this indemnity shall survive the completion of the construction of the Road Project, but shall terminate upon acceptance of the Road Project by COUNTY . 15 . COMPLIANCE WITH LAWS AND REGULATIONS . In performing pursuant to this Agreement, each DEVELOPER shall abide by the respective statutes , ordinances, rules and regulations pertaining to the acts of such DEVELOPER and each and every agreement entered into by such DEVELOPER with the other DEVELOPER or the COUNTY in connection with 5th Street SW . 16 . PRIVATE UNDERTAKING. The DEVELOPERS acknowledge the DEVELOPERS ' respective properties are private developments , and nothing herein contained is intended or shall be deemed to create any interests therein in the general public or to create any partnership, joint venture or other like relationship between the DEVELOPERS , except as otherwise specified herein . Neither the Sunland Property nor the Serenoa Property shall be subject to any mechanic ' s lien arising out of the contract with the road contractor. 17. RECORDATION OF AGREEMENT . The Parties hereto agree that the original of this Agreement shall not be recorded in the Public Records of Indian River County , Florida nor any other place . However, the Parties may record a Memorandum of the Agreement if deemed necessary by all Parties . 18 . EFFECTIVE DATE . The effective date of this Agreement shall be the date when the last Party has properly executed this Agreement as determined by the date set forth immediately below the respective signature of the Parties . 19 . EQUAL OPPORTUNITY EMPLOYMENT . The DEVELOPERS agree that they will not discriminate and will provide in all contracts that its contractors will not discriminate against any employee or applicant for employment under this Agreement because of race , color, religion , sex, age , or national origin , and will take affirmative steps to ensure that the applicants are employed and employees are treated during employment without regard to race , color, religion , sex, age , or national origin . 20 . MISCELLANEOUS PROVISIONS . 5 of 9 a. Additional Necessary Instruments . At any time, and from time to time , each Party will execute such additional instruments and take such action as may be reasonably requested by the other Party to confirm or otherwise to carry out the intent and purposes of this Agreement . b . Entire Agreement, This Agreement constitutes the entire agreement between the Parties hereto with respect to the subject matter hereof. It supersedes all prior negotiations , letters , and understandings relating to the subject matter hereof. C , Amendment Only by Signed_ Writing. This Agreement may not be amended, supplemented, or modified in whole or in part except by an instrument in writing signed by the Party or Parties against whom enforcement of any such amendment, supplement or mediation is sought . d . Governing Law . This Agreement will be interpreted , construed , and enforced in accordance with the laws of the State of Florida. e . Language Taken in Context. All pronouns and any variations thereof shall be deemed to refer to the masculine , feminine , neuter, singular or plural as the context may require . Words used in this Agreement, regardless of the number and gender specifically used , shall be deemed and construed to include any other number, singular or plural , and any other gender, masculine , feminine or neuter, as the context indicates is appropriate . f. Agreement is Voluntary . The Parties hereto and their respective legal counsel participated, or the Parties hereto were given the opportunity to have their legal counsel participate, in the preparation of this Agreement; therefore , this Agreement shall be construed neither against nor in favor of any of the Parties hereto , but rather in accordance with the fair meaning thereof. g . Waiver of Rights . The failure of any Party at any time or times to require performance of any provision of this Agreement will in no manner affect the right to enforce the same . The waiver by any Party of any breach of any provision of this Agreement will not be construed to be a waiver by any such Party of any succeeding breach of that provision or a waiver by such Party of any breach of any other provision . h . Invalid Provisions . The invalidity, illegality, or unenforceability of any provision or provisions of this Agreement will not affect any other provision of this Agreement, which will remain in full force and effect, nor will the invalidity, illegality or unenforceability of a portion of any provision of this Agreement affect the balance of such provision . In the event that any one or more of the provisions contained in this Agreement or any portion thereof shall for any reason be held to be invalid, illegal or unenforceable in any respect, this Agreement shall be reformed, construed and enforced as if such invalid , illegal , or unenforceable provision had never been contained herein . L Attorney ' s Fees and Costs . In the event of any litigation arising out of this Agreement, each Party shall bear its own attorney ' s fees and costs . 6 of 9 j • Jurisdiction and Venue . Any suit, action, or proceeding with respect to this Agreement shall be brought in the courts of Indian River County, Florida, or in the United States District Court for the Southern District of Florida . The Parties hereto hereby accept the exclusive jurisdiction of those courts for the purpose of any such suit, action or proceeding. Venue for any such action will be in Indian River County, Florida . The Parties hereto hereby irrevocably waive, to the fullest extent permitted by law, any objection that any of them may now or hereafter have to the laying of venue of any suit, action of proceeding arising out of or relating to this Agreement or any judgment entered by any court in respect thereof brought in Indian River County, Florida, and hereby further irrevocably waive any claim that any suit, action or proceeding brought in Indian River County, Florida, has been brought in an inconvenient forum . k. Delay of Performance . In the event that the performance by either Party of any of its obligations or undertakings hereunder shall be interrupted or delayed by any occurrence and not occasioned by the conduct of the Party claiming the benefits of this clause , whether such occurrence be an act of God or the common enemy or the result of war, riot, strikes or labor unrest, civil commotion , sovereign conduct, or the act or conduct of any person or persons not Party or privy hereto , then such Party shall be excused from such performance for such period of time as is reasonably necessary after such occurrence to remedy the effects thereof. 1 . Binding Effect. This Agreement will be binding upon and will inure to the benefit of any successor or successors of the Parties hereto . M . Assignability . The obligations , duties , and rights of a Party under this Agreement are assignable only with the consent of the other Parties . n . Counterparts . This Agreement may be executed in one or more counterparts, each of which will be deemed an original and all of which together will constitute one and the same instrument . 21 . NOTICES . Any notice to be given hereunder by either Party to the other, shall be in writing and may be effected by personal delivery, overnight delivery service such as Federal Express , or by certified mail , return receipt requested, with postage prepaid . Notice shall be sent to the following addresses : " SUNLAND : Mr. Ryan Davis c/o Sunland Development, Inc . 250 S . Central Blvd . , Suite 207 Jupiter, FL 33458 With a copy to : 7of9 " SERENOA" : Mr. James R. Adams c/o Ameritrend Homes, Inc . , Manager Serenoa, LLC 126 43 `d Avenue SW Vero Beach, FL 32968 Ms . Tricia Ward C/o Ward Holder Real Estate Services , LLC Serenoa, LLC 217 Peruvian Avenue, Suite 2 Palm Beach , FL 33480 With a copy to : Ira C . Hatch , Esq . Hatch & Doty, P .A . 1701 Highway AIA, Suite 220 Vero Beach , FL 32963 "COUNTY" : Board of County Commissioners Indian River County 1840 25 " Street Vero Beach , FL 32960 With a copy to : William G . Collins , Il, Esq . County Attorney Indian River County 184025 th Street Vero Beach , FL 32960 22 . SECTION EXHIBIT9 AND SCHEDULE HE DINGS AND REFERENCES . The section, exhibit, and schedule headings contained in this Agreement are for convenience of reference only and shall not affect the meaning or interpretation of this Agreement . Unless otherwise specified, all section, exhibit, and schedule references contained herein shall be to sections, exhibits , and schedules , respectively, of this Agreement . IN WITNESS WHEREOF, the Parties have caused this Agreement to be duly executed by their respective duly authorized representatives on the dates as set forth below . (SIGNATURE PAGE AND EXHIBITS FOLLOW) (THIS SPACE INTENTIONALLY LEFT BLANK) 8 of 9 WITNESSES : " SUNLAND" SUNLAND DEVELOPMENT, INC . , a Florida corpora ' on 1 - /0 By : Na e : . r� Cd P � r Name : Sclne %A+ Date Its : v L. i ar. Name : WITNESSES : " SERENOA" SERENOA, LLC , a Florida mited ' il ' company Name : (Zli rUS T ( clC. � � w !� S S ame ames R. Adams, Vice President Date Ameritrend Domes, Inc . Its: Manager Name : " COUNTY" BOARD OF COUNTY COMMISSIONERS INDIAN RIVER COUNTY, FLORIDA By : C 'T `^ ' S ` E, 4/ 5 / 0 Name : Thomas S owthPr Date Its : Chairman BCC Approved : Apri 1 5 , 2005 Approved : Approved : l BY /ALL BY : Name: I Name •: = T� ' I Title : rounty Attorney Title : Administrto ' (Approvf d q to form and legal sufficiency) Attes . 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LEGAL DESCRIPTION : INDIAN RIVER FARMS CO SUB PBS 2-25 TR 7 , LESS W 40 FT THEREOF & LE SS S 1000 FT & INC TR 8 , LESS S 1000 FT OF W 456 FT, LESS ADD RNV AS IN OR BK 10 01 PP 1527 & ALSO LESS ADD R/W FOR 5TH S T SW AS IN OR BK 1001 PP 1529 & ALSO LESS FOLL DESC PARC : N50. 0FTOFS80. 0FT OF TR 8, LESS W 45690 FT THEREOF & E 30 0 FT THEREOF . AND ALSO LESS THAT FOR OF TR 8 AS DESC IN O R 'BK 1616 PG 0772 , MOR E PART DESC AS: PORTIONS OF TR 1 & TR 8 , SEC 23-33-39, BEG AT A 112 INCH IRON ROD & CAP STAMPED "C ARTER%& ASSOC" AT THE SE COR OF SAID TR 1 , SAID POB ALSO BEING NE GOR OF TR 8 ; TH S 00 DEG 18 MIN 47 SEC W ALONG E LINE OF SAID TR_8 , 1245 .27 FT; TH N 89 DEG 49 MIN 40 SEC W ALONG N LINE OF RMI AS DESC IN OR BK 1049 PG 1517 , 841 . 38 FT ; TH N 00 DEG 01 MIN 04 SEC E, 1392.01 FT; TH S 89 DEG 49 MIN 40 SEC E , 848 .56 FT TO A POINT ON E LINE OF TR 1 ; TH S 00 DEG 18 MIN 47 SEC W . 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(OR BK 417 PP 404 , 410) AND ALSO LESS T " HAT PORT OF TR 1 AS DE SC IN OR SK 1616/0772 MORE PART DESC AS : PORTIONS OF TR 1 & TR 8 , SEC 23-33-39, BEG AT A 1/2 INCH I RON ROU & GAP STAMPED "GARTER & ASSOG° AT THE SE COR OF SAID T R 1 , SAID POB ALSO BEING NE COR OF TR 8;TH S 00 DEG 18 MIN 47 SEG W ALONG E LINE OF SAID TR 8 1245,27 PT; TH N 89 DEG 49 MIN 40 SEC W ALONG, N LINE OF R1W AS DESG IN OR BK 1049 PG 1517, 841 . 38 FT; TH N 00 DEG 01 MIN 04 SEC E . 1392.01 FT; TH S 89 DEG 49 MIN 40 SEC E . 848. 56 FT TO A POINT ON E LINE OF TR 1 ; THS00DEG 18 MIN 47 SEC W, ALONG E LINE OF TR 1 , 146. 74 FT TO POB . 3 of 3 Exhibit "Ill " ( the "Sei"cn a Property Parcel ID : 33392400000 ') 00000001 . 1 ✓^x-� " i 'i� h. ! 1 Tri jr F", TRACT i d IAN R1 E LEGAL DESCRIPTION: SE 414 OF NW 114 OF SEC 24.3 4-39. 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