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ASREEMENT TO PAY FAIR SHARE CONTRIBUTION
FOR IMPROVEMENTS TO FAVORITE ROAD
THIS ASREEMENT is made and entered into this d<:?J1-- day of rfl~
2006, by and between ST. WaE COUNTY. FLORIDA. a political subdivision of the
State of Florida (-County") and TREVA 6ILKEY, c-Developer") and BARBARA J.
SWE6I..ES (-Owner").
WIT N E SSE T H:
WHEREAS. Developer intends to construct a subdivision to be known as 4311
Favorite Road SID (the -Development") on land owned by Owner; and
WHEREAS. pursuant to Section 7.05.07 B4al of the County's Land Development
Code, Developer has agreed to pay to the County her estimated fair share of the costs of
paving Favorite Road (the -Improvements") in the total amount of Sixteen thousand five
hundred and noll00 dollars ($16,500.00).
NOW. THEREFORE. in consideration of the mutual promises contained herein, the
parties covenant and agree as follows:
1. Upon signing this agreement, Developer shall deliver to the St. Lucie County
Finance Director a check in the amount of Sixteen thousand five hundred and noll00
dollars ($16,500.00)(the -Funds.).
2. The Funds delivered to the County shall be disbursed on the following
conditions and in the following manner:
a. Upon written request from County Engineer to the County Finance
Director, the Funds shall be disbursed to the County for paying the Developer's estimated
fair share of the cost of planning, including conceptual and final design, and constructing
the road improvements.
b. If the County has not expended or encumbered the Funds by the end
of the calendar quarter immediately following ten (10) years from the date the funds are
delivered, then, upon written application of Developer, any remaining funds including
interest that may accrue, shall be released to the Developer.
3. The Owner shall include language on the plat consenting to participation in a
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EDWIN M. FRY, Jr., CLERK OF THE CIRCUIT COURT
SAINT LUCIE COUNTY
FILE # 283352204/13/2006 at 04:15 PM
OR BOOK 2535 PAGE 1483 - 1484 Doc Type: AGR
RECORDING: $18.50
future municipal service benefit unit or special assessment district to construct the Road
Improvements including any amounts that may exceed the initial fair share amount.
IN WITNESS WHEREOF. the parties have caused this Agreement to be made
and entered into the day and year first above written.
:.._.;;:;~~_::::-:;\ BOARD OF COUNTY
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COMMISSIONERS p ';~..~. ".:, -:.
ATTEST: ~t " -:. .,\\\ A
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APPROVED AS TO FORM AND
CORRECTNESS:
BY: ~~A--f-
~f County Attorney
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WITN7S:
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BARBARA J. SWE6I..ES
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