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HomeMy WebLinkAbout1994-001 - James P. Terpening - ROW Improvement (Edwards and 25th)2 3 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 4' 0 41 42 43 44 45 to G IS 1.2yee. RW "-01 A ROAD IMPACT FEE CREDIT AGREEMENT BETWEEN ST. LUCIE COUNTY, FLORIDA AND AAMES P. TERPENING FOR IOHT-OF- ' DEDICATIONS ASSOCIATED WITH I PROVE F THE INTERSECTION OF EDWARDS ROAD AND SOUTH 26TH STREET ST. LUCIE'OUN ,tES ORIDA, a subd' of the ate F heMn referred to L Lucie County" a J P. TERJ ENI A, einafter ref to as 'T0 in� WHEREAS, 'Terpening' owns certain property on the east side of South 25th Street, north of Edwards Road. �. WHEREAS, Terpening''has dedicated to St. Lucie County certain property as deoicted on the PIffi of Laurel Professional Park as. recorded in. OR Book I, Pages through , of the Land Records of St. Lucle,County, Florida; more particularly described in the attached ExhM A, with this dedicaflon being completed on the d of .1994 for use as Pe l�tair;age Easement assoclated vwft�the Improvement of Q67 erseotia� arils Road artd South 25th Streel; and, HEM. nty►' ad ad a R;yunder imps F Or h poses lees r I pu abort aril {es; F WHEREAS, Sect 1 7.33.1(c) (6) t Cod of of St, Lucie C provides for s�Ihe; non he r r right •w the alrcumstan forth In this WHEREAS,, - Terpening' and -St. Lucie County are desirous of establishing a credit for the value of the property conveyed for use as Perpetual Drainage Easement associated with the improvement of the Intersectlon of Edwards Road and South 25th Street. 1 W144 n �0 0M n axM a�,a N r M F+ n aWr�o 0.; 00 W .. R (n N Lq n 00 rt 00 80 Pi rt rt or MN 0)rt 0� o ' n W. Mo 0 0 N14 N. NOW, THEREFORE, in consideration of the mutual covenants entered Into between the parties hereto, to be made and performed, and In consideration of the benefits to accrue to each of the partlos, R is agreed as follows. 32cM 1 1ncwporatlon by F1dwerme. The above recitals are true and correct and are made a part of this Agreement by reference. - of Crept. ` IT I ng' is iad to a agal R Im F i the rat seven It. elg sev n (S ,7a7) Ich r 1 of the aPRt val of a particu In the attached A. This is the mum cr Permitted u r t criterta set forth Ion 1.1�7-33.1(c 8) the ode rdkuux*s of St. le ounty which If er f 7, 7V7 Section__S. Limitation of Credit. The credit established by j true Agreement is limited solely to the property tegatty described to Exhibit 13 and Is not Mmsferable to any other property craned by gerpening' in St. Lucie County. The credit may only be applied against Road Impact Fees and small not be trarvsferabts as a credit against other Impact tees tmposed for purposes other than roads: ggoje 4. Assignability of Cred[L Fort Pierce, Florida 34982 S202D&, Resordabillty of Agreement d ribed` ton 2 o its anment I be by le an ve, n nt I be at the M f and the Jule or of St. C copy to: Daniel S. Mclotyre County taurdey 2300 VUgLn Aver Ft. Pierce, Florida To become effective, this Agreement shall be recorded by "St. Lucle County' in the public recorils of St. Lucie County, and shall be binding upon 'Terpening's' successors In Interest and Me to the property described In Exhibit, 5, less that described in Exhibit A, f 2 0 0) Lq ro M N N N OR BOOK 0085 PAGE - 7-513 r � a s o E E - a Q aLIZ �i s 0. M a� I'L: 0 UA COS LLi%DL-mmCoegNm%VIn%0�ai0%O.-LNv1aLnLD r-CD0%O"4NM40in%Drw0%M.4NLrnV-1 r47-4.4r1r4r17-0r!r4rRNNNNNMMMMMMmmmM.0.0.0 An 1 2 3 5 6 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 2$ 29 30 3.1 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 ACKN NLE DTATB ®F FIARIDA } } NN COUNTY CF f BE F RE thel nd si au onginformationt ear d i author ze xec,te A r ement and th t the repr a tanoated co re t to el e t his n lean SWORN TO AND BIigBSCRIBED before me this day of 4 7ru abovee and lief. Notary Public State of Florida .at Lar -e Hy Bs o xp as, tv,•,,a r,rr i.M. Mw.nc� .'.• 0 O 0 N ro M N 1 2 4 b .7 9 10 11 12 13 14 15 16 17 A 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 EXHIBIT I191 The westerly twenty (20) feet of the South 265 feet of the following described -.pro erty: The West 1/2 of the West 1/2 . of•'the Southwest 1/ of. the Southwest 1/4 lose the South 395.97 ..feet and less the West -40 feet for right -of. -way ,for 25th Street, formerly' known as Hawley Road, allflying and being 'in Section 21, Township 35 S . R e •40 Est. Luci Elor and except ng a West fe of -the So th t r p o rt a ib d a7e 1 . 2 4. 5 6 9 10 11 12 13 14 15 �16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 EXHIBIT � "E" The West 1/2 of the Meet 1/2 of the Southwest 1/4 of the Southwest 1/4 lose the South 395.97 feet and lose the West 40 feet for right-of-way•for 25th Street, formerly known M3 Hawley'Road, all lying and being in Seation.21, Township 35 South, Range 4.0 East, St. Lucie County, Florida and 'less and ®xde ting the West -10 feet of the South 265 feet of the real over escrib ab ' . II ands The North 12 f et of t st /2 a Nest 1/2 f: (21,, uti►we 1 S uthw et 1/4 of See Towns p , So h, ange 0 $ st, sub je t to ri t-of-way c Rea raina and Bas Power Lina. b� M N N Ot