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AGREEMENT RE WIDENING OF ENTERPRISE ROAD <' , . 1 I <'" . ,> - , /1/\ ' Ce, AGREEMENT THIS AGREEMENT is entered into this p.q t_A. day of AA~1 ' 1985, by and between McNAY BROTHERS INVESTMENT COMPANY, a Florida corporation hereinafter referred to as McNAY, and the CITY OF CLEARWATER, FLORIDA, a Florida municipal corporation, hereinafter referred to as the City. WITNESSETH WHEREAS, McNAY is the owner in fee simple title of 60+ acres of undeveloped land located in Clearwater, Florida/ which is platted into 154 single family lots known as Country- park Subdivision, and WHEREAS/ when the City Commission annexed the afore- mentioned property into the City/ one of the conditions for such annexation was that McNay would dedicate sufficient right- of-way for the widening of Enterprise Road where it abuts the McNay property and/ further/ would share with the City in the cost of widening Enterprise Road/ and WHEREAS/ McNay intends to hire a Contractor to install various subdivision improvements on the McNay property with the scope of such work to include the widening of Enterprise Road where it abuts the McNay property, and WHEREAS, the City desires to achieve the widening of Enterprise Road where it abuts the McNay property and is willing to share in the cost of such work to the extent pro- vided in this Agreement, and WHEREAS/ the parties hereto desire to reach agreement concerning the City's obligation to reimburse McNay for a portion of the cost of widening the aforesaid Enterprise Road, /: i)!/J;.;''!1G l/ ,'.-'" . '7 r . ",-, - -",~,,' -~ -' , '" '_" ) ~'!'-'- ,(' (i ... " -"'" ,,/'.,,'<....-' ()/~,,:l,c "' .' --'-'----~- ~~ ,~~ , I NOW, THEREFORE, in consideration of the mutual promises herein made and in order to consummate the foregoing, the parties hereto agree as follows: 1. McNay shall hire a Contractor to perform all work necessary to widen Enterprise Road where it abuts the northern property line of Countrypark Subdivision, which work shall be performed in accordance with plans and specifications to be prepared by Mills and Associates and approved by the City Engineering Division. 2. The aforesaid plans and specifications shall pro- vide for the construction of twenty-nine (29) feet of 1 1/2 inch asphalt pavement with 2 foot concrete curb and gutter, 9 inch stabilized subgrade, 8 inch limerock base, and accompanying drainage improvements as more specifically shown on the plans and specifications. The scope of the work shall also call for necessary clearing and grubbing, roadway exca- vation and roadway fill, to be compacted as required. Once approved by the City, the aforesaid plans and specifications shall become part of this Agreement. 3. McNay shall obtain City approval of all construction costs prior to commencement of work. 4. The City agrees that McNay may retain any dirt ex- cavated from the Enterprise Road right-of-way in furtherance of the construction contemplated herein. 5. The City shall reimburse McNay for the cost of constructing sixteen (16) feet of 1 1/2 inch asphalt pavement, 9 inch stabilized subgrade, 8 inch limerock base plus the cost of clearing and grubbing and roadway excavation for the sixteen (16) foot portion of the roadway, All costs shall be paid on the basis of measured quantities. The sixteen (16) feet in question shall be measured from the edge of the existing pavement on the south side of Enterprise Road. 2 ~ " " , I ~', < l~ 6. In addition, the City shall, if necessitated by field verification, reimburse McNay for the cost of extending an 18 inch RCP Class III drainage stub across the sixteen (16) foot portion of the roadway for which the City is responsible. 7. The City shall pay all of its share of costs set forth in this Agreement in one lump sum payment which shall become due and payable upon completion and acceptance by the City of all work required relative to the widening of Enterprise Road where it abuts Countrypark Subdivision. 8. The prevailing party shall be entitled to payment of its reasonable attorneys' fees and costs, both in the trial court and on appeal, in any litigation arising out of the enforcement of the terms of this Agreement. IN WITNESS WHEREOF, the parties have caused this Agreement to be executed the year and day first above written. MCNAY BROTHERS INVESTMENT COMPANY, a Florida corporation By:J~~~-r~,- . . Attest: ~~/ t./;1k~.'...' Secretary _:.----.0 t/ -- -" , witnesses: By: (SEAL) Counterjiigned: ../ // / / J ,'7 ,/ ' ~ayor Commiss~on~r i:c/ I / Approved as to form d cor tness: Q~j ci