HomeMy WebLinkAbout2016-002 GEN 123 Properties, LLC (Pursuit Boats)C16-10-714
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WHEREAS, based upon the provisions of Section 24-264(c) of the Code of Ordinances of St. Lucie County, the
value of the right-of-way donation, including reasonable costs associated with the conveyance of the right-
of-way property to the county, that is eligible for consideration of road impact fee credit is:
$923.90
WHEREAS, GEN is desirous of establishing the general method and amount of Credit that GEN shall be entitled
to for value and costs associated with the right-of-way donation.
NOW, THEREFORE, in consideration of the mutual covenants entered into between the parties here to be
made and performed, and in consideration of the benefits to accrue to each of the parties, it is agreed as
follows:
Section 1. Incorporation by Reference.
The above recitals are true and correct and are made a part of this Agreement by reference.
Section 2. Amount of Impact Fee Credit.
GEN is entitled to a credit against St. Lucie County Roads Impact Fees in the amount of nine hundred and
twenty three dollars and 90 cents ($923.90), under the criteria set forth in Section 264-24(c) of the Code
of Ordinances of St. Lucie County for the donation of certain right-of-way along St. Lucie Boulevard,
Section 3. Limitation of Credit
The credit established by this agreement is limited solely to the property described below:
The West 700 feet of the East 3/4 of the North 1/2 of the NW 1/4 of Section 32, Township
34 South, Range 40 East Less the North 40 feet thereof, all in St. Lucie County, Florida;
And, is not transferable to any other property owned by GEN in St. Lucie County. The credit granted
through this agreement may only be applied against the required Roads Impact Fees to be collected from
this site and shall not be transferable as a credit against other impact fees imposed for purposes other
than roads.
Section 4. Assignability of Credits.
GEN may assign all or part of the Credits described in Section 2 above to its successors in title and interest
to the property described in Section 3 above. Such assignment shall be by recordable written instrument.
Before the assignment is effective, a copy of the assignment shall be provided by GEN to St. Lucie County,
at the address set forth below and the original assignment shall be recorded in the public records of St.
Lucie County:
Roads Impact Fee Credit Agreement RIF 2016-002
10/18/2016 Page 2
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County Administrator With copy to: County Attorney
2300 Virginia Avenue 2300 Virginia Avenue
Fort Pierce, Florida 34982 Fort Pierce, FL 34982
Section S. Recordabiiity of Agreement.
This Agreement shall be recorded by St. Lucie County in the public records of St. Lucie County and shall
be binding upon GEN and any successors in interest and title to the property described in Section 3 above.
Section 6. Termination of Agreement.
This Agreement shall be effective until all of the Road Impact Fee Credits authorized herein have been
consumed through the issuance of a building permit, or similar development approval.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first
above written.
Signed, sealed and delivered in the presence of:
A ST: Board of Co my Co ssi n VC.e aai,^r
Deputy Clerk 5t. Lucie County, Florida
Roads Impact Fee Credit Agreement
10/18/2016
APPROV
County Attorney
I go to next page ]
CO
NESS
RIF 2016-002
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GEN 123 PROPERTIES, LLC,
Print Name: L• S ; Q
Title: "'r
i ess:
STATE OF FLORIDA
COUNTY OF ST. LUCIE
ACKNOWLEDGEMENT
BEFORE ME, the undersigned authority, personally appeared �� ✓ ! �L and is
authorized to sign and execute the above Agreement and that the representations a ore stated are true
and correct to the best of his knowledge, information, and belief.
He/ she personally appeared before me, is personally known to me, or produced as identification.
Sworn to and suVLribed before on this ! day of A i�L%lG� Mt6 aal 7
Notary Public:
My Commission Expires:
CATHY I-. REAVY
Notary Public, State of Michigan
County of Ottawa
My Commission Expire dna 5, 2(x'17
Acting in the County of i`
Roads Impact Fee Credit Agreement
10/18/2016
RIF 2016-002
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Exhibit A
Description of Property to be conveyed
The West 700 feet of the East 3/4 of the North 1/2 of the NW 1/4 of Section 32, Township
34 South, Range 40 East Less the North 40 feet thereof, all in St. Lucie County, Florida;
Roads Impact Fee Credit Agreement
10/18/2016
RIF 2016-002
Page 5