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OTHER-2021-047-Development agreement regrading Waterstone Orange Rural Frire department and Emergency Services Co location property
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OTHER-2021-047-Development agreement regrading Waterstone Orange Rural Frire department and Emergency Services Co location property
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Last modified
11/3/2021 2:09:28 PM
Creation date
11/3/2021 2:08:23 PM
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BOCC
Date
10/19/2021
Meeting Type
Business
Document Type
Others
Agenda Item
8-d
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Agenda - 10-19-2021 Virtual Business Meeting
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2021
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responsibilities established in the condominium documents . The Parties agree that <br /> the conversion of spaces in the parking lot to condominium ownership will include <br /> in the condominium documents language establishing appropriate easements for <br /> ingress , egress and access to and between the public right of way and all parking <br /> spaces and establishing rules and regulations concerning use , management and <br /> maintenance of parking spaces . The Parties agree that an adequate number of on- <br /> id for by each Party shall be available for the <br /> site parking spaces to be owned and pa <br /> use of their staff and visitors during operating hours . This number of spaces will be <br /> determined during the permitting and design of the project . Each party shall be <br /> responsible for managing their condominium units unless the Parties mutually agree <br /> otherwise in writing . <br /> ARTICLE IV <br /> Allocation of Project Costs <br /> The Parties shall share in the costs of the Project as follows . <br /> A . Pre- development costs , site improvement costs , building design and construction <br /> costs , and contingency costs shall be shared by the Parties in accordance with the <br /> Elements of Value , which is attached as Exhibit B to this Agreement . The Parties <br /> recognize and agree that some of these Values and the corresponding level of <br /> proportionality may not be finally established until after the majority of the design <br /> work is completed (and after this Agreement is executed) . The Parties acknowledge <br /> that Exhibit B represents their general understanding of the cost sharing ; however, <br /> the Parties agree to negotiate in good faith a fair and equitable share of all costs <br /> associated with this project as soon as possible after the Schematic Design work is <br /> completed . ORFD and the County shall share the cost of constructing the building <br /> on the Property in proportion to the amount of wholly controlled area they occupy <br /> in the building . It is anticipated these costs shall be allocated between the Parties as <br /> follows : Design fees , each party responsible for 50 % ; Site preparation, each party <br /> responsible for 50 % ; Construction, ORED responsible for 58 % and the County <br /> responsible for 42 % . <br /> Be Site and Building Structure Construction Costs — Site , building shell , core facilities <br /> (main utility services , delivery areas) and common area upfit costs are shared in the <br /> same manner as Pre -Development costs . Dedicated area upfit costs are the sole <br /> responsibility of the respective condominium owners . Traditional core facilities that <br /> ice to indivi provide sery dual or a sub - set of condominium owners will bear that <br /> cost . <br /> C . The parties will each be responsible for their own legal expenses incurred in relation <br /> to the Project . <br /> D . ORFD shall serve as fiscal agent for the property . Upon receipt of invoices , ORFD <br /> 7 <br />
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