TO: Board of County Commissioners
THROUGH: John A. Titkanich, Jr., County Administrator
FROM: Susan J. Prado, Deputy County Attorney
DATE: March 26, 2025
SUBJECT: Second Public Hearing - Proposed Developer’s Agreement Between DRP Bookbinder Multistate, LLC and Indian River County (Legislative)
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BACKGROUND
This is the first of two public hearings required by Florida Statute Section 163.3225 for the approval of a proposed developer’s agreement. The first public hearing was held on March 25, 2025.
Harmony Isles is a proposed residential development consisting of 237 Single Family lots and 147 townhouse units to be located at 1375 98th Avenue, Vero Beach, Florida 32966. Developer understands that as part of the development process they are to provide or pay for their fair share of the cost that the County would otherwise incur to accommodate the new growth as well as the provision for required improvements to accommodate their new proposed development. The required improvements and contributions for the proposed development are contained in the attached Proposed Developer’s Agreement.
This is the same Developer's Agreement that the Board approved of on the two public hearings that took place on January 28, 2025, and February 11, 2025. However, the property changed hands prior to the then owner (Riverfront Groves, Inc) signing the Development Agreement. Due to the change in ownership prior to finalization and execution of the Development Agreement the proposed agreement has been updated to reflect the new owner of the property. A deed has been attached hereto to demonstrate that DRP Bookbinder Multistate, LLC is the current owner of record.
ANALYSIS
N/A
BUDGETARY IMPACT
The cost of recording the Developers Agreement is estimated to be $197.00 and will be funded from the Planning and Development Services budget within the MSTU Fund/County Planning/Recor...
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