HomeMy WebLinkAbout0336 o
AGREEI~'~NT
in o this - da of -
THIS AGREEMENT, made and entered t y
November, 1979, by and between OCEAN TOWERS DEVELOPMENT
CORPORATION, a Florida corporation, c/o Sotolongo Development
Corporation, Bessemer Building, Suite 203, Sewall's Point,
Jensen Beach, Florida 33457, hereinafter referred to as "OCEAN
T01~TERS", and•ISLAND VILLAGE OF HUTCHINSON ISLAND DEVELOPMENT
CORPORATION, a Florida -corporation, c/o Sotolongo Development
Corporation, Bessemer Building, Suite 203, Sewall's Point,
Jensen Beach, Florida 33957, hereinafter ref erred to as "ISLAND
VILLAGE",
W I T N E S S E H
WHEREAS, OCEAN TOWERS is the owner/developer of a one hundred
fifty-eight (158) unit residential condominium project vresently
under construction on certain lands lying East of State Road A-1-A,
Hutchinson Island, St. Lucie County, Florida, more particularly
described in Exhibit "A" attached hereto and made a part hereof, -
and
WHEREAS, OCEAN TOWERS is the owner/developer of a sewage and
` potable water treatment facility now under construction on certain
i
i
lands lying West of State Road A-1-A, Hutchinson Island, St. Lucie
,E Cc~^r±-•' Flcr~a~, I~NiV t%Yi ~~i:iiinLij% uc~Lll~eQ In t:XlllDlt "~3` attac~led
~ l
hereto and made a part hereof, and
s
~ WHEREAS, ISLAND VILLAGE intends, subject to the closing of a
t -
construction loan with Pennamco, Inc., a Delaware corporation, to
5
construct thirty-two (32) townhouse residential units to be located
in eight (8) separate buildings, consisting of four (4) units each,
said townhouses to be constructed on certain lands also lying West
of State Road A-1-A, Hutchinson Island, St. Lucie County, Florida,
more particularly described in Exhibit "C" attached hereto and
made a part hereof, said lands of ISLAND VILLAGE being contiguous
a
5
EXHIBIT
~ 8C~(JJ~ Pl.GE
t
_
Q.
sr - _I
's~;y'