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HomeMy WebLinkAbout2008-329ti '.5 . s, DEVELOPER'S AGREEMENT BETWEEN INDIAN RIVER FEDERAL CREDIT UNION AND ELWILLASSOCIATES, INC. AND INDIAN RIVER COUNTY, FLORIDA THIS AGREEMENT, entered this day of D c I o b c v , 2008, by and between, and INDIAN RIVER FEDERAL CREDIT UNION, a not-for-profit financial cooperative, 2800 200i Street, Vero Beach, FL 32960 hereafter referred to as Credit Union; and ELWILL ASSOCIATES, INC., a Florida corporation, 319 Monroe Drive, West Palm Beach, FL 33405, hereafter referred to as Elwill; and INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the State of Florida, 1801 270' Street, Vero Beach, Florida, 32960, hereafter referred to as COUNTY. WITNESSETH WHEREAS, the Credit Union has applied to develop a financial building to be known as the Indian River Federal Credit Union, consisting of,� square feet (the "Project") Indiank�� River County Project No. 200604025, to be built on the north side of Oslo Road west of 270` Avenue, Indian River County; and WHEREAS, in the same application Elwill has applied to develop a retail project lb,bofl consisting of square feet on a parcel of property directly to the north of the Credit CVdQ Union property, and Elwill and Credit Union properties that will serve as a stormwater retention pond for the planned improvements and widening of Oslo Road. This Agreement will be an exhibit to the Contract for Sale and Purchase. A sketch and legal description of the properties is attached to this agreement as Exhibit A; and WHEREAS, the County, the Credit Union and Elwill (collectively, the Parties) share ii•! • •ill •11!111111 111111111•.lilillill• • u ••i ••u • • '•.• • • retention pond, the Countyneeds a drainage easement• e• • •• and Elwill •. and I! WHEREAS, the County, the Credit Union and Elwill can mutually benefit each other through a joint effort or coordination, accomodation and cooperation. NOW, THEREFORE, in consideration of the mutual terms, conditions, promises, covenants and premises hereinafter, the Parties agree as follows. 1) The above recitals are affirmed as being true and correct and are thereby incorporated herein. 2) To accommodate treatment of stormwater runoff, the County will plan, engineer, permit and construct a stormwater retention pond of sufficient size to treat runoff from the widening of Oslo Road. The location of the pond will be directly north of the Elwill property as shown on Exhibit B attached. 3) In exchange for approximately 6,500 cubic yards one -W€of the material excavated from the County's pond site, (fill) the Credit Union will convey to the County a perpetual • . en (15) foot drainage easement along the westemmost border of the Credit Union's property. exchange for iM• • ti0000: 0111 cubic ygEd§ excavated flrom the County's pond site, (fill), Elwill will convey to the County a perpetual fifteen (15) foot drainage easement• r the westernmostborder of the Elwill 0 L� c. The County will permit the Credit Union and Elwill to use the property subject to the drainage easement as part of the Credit Union's and Elwill's required landscape buffer areas. The County will cause to be installed a 30 to 36 inch pipe approximately 6 to S feet deep in the drainage easement. Both the Credit Union and Elwill agree to convey to the County a 15 foot temporary construction easement directly east of In the event that the drainage pipe should need to be maintained, repaired or replaced requiring the removal of any landscaping, irrigation equipment, walls fencing installed in the drainage easement the County will be responsible for replacement of u_ survem. sketches or les?al de.%14-#ntionsTwPr,%?w fitir e. The County will place the excavated material from the pond site onto the Credit Union and Elwill sites at locations directed by the owners but in compliance wi tree • • • �� ''1protection .0• a•• • • • requirements. • •. • w� agree that the County is only responsible for placing and spreading the material on the Etwill and Credit Union sites and is not e••• • for gradingor 2 compacting the material after it is placed on the sites. The County makes no warranty or guarantee that the excavated material is suitable to be used as construction grade fill material. Credit Union and Elwill shall have the right to tPCt/rPv1Pw T"QfAA 01 *^ 1. r"+ea ,.,. t,.:L.. ___]i_1_!L'�_ ___ -2 __ _ r 1 . 1 1 n 10. W. . t ' • 1 ! ! 1 t IY.1 • 11 • i % 1 • t 1 • � '1 11 ' ! ':311 :31 �t Y1r M • - / for • •n contro The COUNTY shallbe responsible for the11 1 11 of theretentionpond, installation of pipes I 1 • \ Road widening andimprovements including advertisement for• 1 conbactor 1/ construction inspection. 5) The Parties agree to use their best efforts to coordinate the planning, design, engineering, permitting and 1 1 1 1 \ 1 1 the•\ pond and spreading of the excavated material. Party Parties 1 agree - 1 use theirbest 1 to accommodate t1 timing 1 each \ 1 - projects with respect to construction of the pond and spreading the excavated fill material. The Project site may be cleared by the Parties and the County may begin placing fill on the Project site prior to site plan release so long as the County has approved 1 1 11 plans for theProject and theCountyhas received : notice of "No Objection" from the St John's River Water Management District concerning the stormstormwater plans. 6) In the event of any litigation arising out of this Agreement, each party shall bear its own attorney fees and costs. No amendment,modification, change,or :1! 1 1 this Agreement si be 1 1 binding unless accomplished I writing and executed 1 all 1 the parties hereto, This Agreement shallbe binding po 11 inure • the benefitof the parties hereto .11 their- 1 and assigns. 9) This Agreement contains the entire agreement and understanding between the parties. No representation, statement recital, undertakin&or promise n\specificallyforth herem shall be binding on any party hereto. 10) This Agreement and all matters 1' hereunder 11 1- I: be governed by and conshued 1 accordance with the laws of the State of Florida. Venue hereunder shall lie *in lndi?T. 3 River County, Florida. 11) This Agreement shall be deemed prepared jointly by each of the parties hereto and shall be construed on parity as between the parties. There shall be no canon of construction for or against any party by reason of the physical preparation of this Agreement. 12) The Parties shall grant such further assurances and provide such additional documents as may be required by one another from time to time, and cooperate fully with one another in order to carry out the terms and conditions hereof and comply with the express intention of this Agreement. 13) Failure to insist upon strict compliance with any of the terms, covenants, or conditions herein shall not be deemed a waiver of such terms, covenants, or conditions, nor shall any waiver or relinquishment of any right or power hereunder at any one time or times be deemed a waiver or relinquishment of such right or power at any other time or times. 14) All words, terms, and conditions contained herein are to be read in concert, each with the other,i• a provision •i n:• under one paragraph may be •• :. to be equl applicable undern•ther *in the interpretation of Agreement. 15) In the event any term, condition, or clause of this Agreement is declared to be illegal or unenforceable by a court of competent jurisdiction, such declaration of illegality or unenforceability shall not affect or alter the legality or enforceability of any remaining condition. or :• • • •:• of •.� :, • ,,vu N v' IN WITNESS WHEREOF the COUNTY and DEVELOPER has caused these presents to be executed in their names, the day and year first above written. EL VI SSAP FS, INC. BOARD OF COUN•TY COIvM$SIONERS BY: a Timothy Slater,, President WITNESS: . r INDIAN RIVER FEDERAL CREDIT UNION, a not-for-profit financial cooperative BY: William H. Garrett, President/CEO WITNESS: WITNESS: INDIAN RIVER Co TY, FLORIDA f BY:A eM RAI 14c Sandra If Bowden, Chairman BCC Approved: Avv oved: County Administrator K. Barton, Clerk of Court L, AM,, iw Approved as to form and legal sufficiency F FF William K. DeBraal Deputy County Attorney G IN WITLESS WHEREOF the COUNTY and DEVELOPER has caused these presents to be executed in their names, the day and year .first above Written. ELWILL ASSOCIATES, INC. BOARD OF COUNTY C ISSIONJ� RS INDIAN ,COUN , I;�t,ORIDA. BY: Timothy Slater, President WI'T'NESS: WITNESS* (Corporate seal is acceptable in placc of witnesses) INDIAN RIVER FEDERAL CREDIT' UNION, a not-for-profit financial cooperative BY: William I -I. Garrett, WITNESS: (Corporate or witnesses) BYF ') 1 ANJ ii A . San�L. owei�, I airm. ar ..;= BCC Approved:LO!'ZS A nro•rniPri � .:.... , , deffre Barton, Clerk of Court ti Attest:`^-� BY: f\ao..... , Deputy Clerk Approved as to form and legal sufficiency 11Y4 4 C/ William K. DeBraal Deputy County Attorney 5 Indian River Count A ved Date Administration .Budget 3v,01 County Attorney Risk Management Public Works traffic Engineering Community Develo ment 5 J W � v x mcorn OODm - m�CC3:ZMmzzmow u! 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PARCEL #:33392200001016000009.1 ORB 1128, PG 0479/0486 ORB 1045, PG 0082 N 89.36'55' W 349.82' iELWILL ASSOCIATES, INC. PARCEL #:33392200001016000009.0 I OFFICIAL RECORD BOOK 1127 I PAGE 1896 I i H I I ;0i ; 0 n 20O - m I W � 02 D•O ;0 -a 0 -0T�0 A -0 m m m I D O Z A D O m O O D • ZD OO `z Z ZFOnn ='u m z I �pZ > wn rn m 2 z 0 0 r O z m d I F' T m ;0m -Z A 0 -I YWA.. !n 0 r O D m m I {m 1 �� C 2 z Z V)i z s Z n m I w O m m I ; m O D z �) N 89.36155' W 349,82' 0 100' 200' tdD N y GRAPHIC SCALE 100' Co INDIAN RIVER FEDERAL CREDIT UNION c I PARCEL #:33392200001016000009.2 OFFICIAL RECORD BOOK 2095 rn � a PAGE 1452 c N ti 15' W E R/W 4-_ H:g I N 89.36155' W ¢ 3 os S17UTH LINE DF TRACT 16 30' I.R,F.W.C.D. R/W egMON — — — — — — — �3sa OSLO ROAD (9TH STREET S.W.)T— ^n N8ar3 t vRY Kimley-Hom ATE PCS and Associates, Inc. 6/3/OB tY PCS © 2006 ORV-HOW AND MNaaAIM Mc. 6m list xmv. vim 300. 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