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A G R E E M E N T Watermill Cove COMMON AREAMAINTENANCE THIS AGREEMENT is entered by the Board of County Commissioners of ORANGE COUNTY, FLORIDA, a political subdivision of the State of Florida (hereinafter referred to as the "County"), and Watermill Cove Homeowners1 Association, Inc.  (hereinafter  referred to as "the  Association"), organized and existing under the laws of the State of Florida. W I T N E S S E T H WHEREAS, certain real property known as Watermill also known as Watermill Cove, located In Orange County and identified in Exhibit "A"  of this agreement, a residential development, has been platted as shown in the Public Records of Orange County, Florida, (hereinafter the "Property'}; and WHEREAS, the County finds that it is a valid County purpose under the laws of the State of Florida, to maintain the landscaping  and beautification of improvements installed within Watermill also known as Watermill Cove as described, notated, and/or shown in Exhibit "B"  of this agreement (hereinafter more particularly  referred to as "Maintenance Area"), and WHEREAS, the Board of County Commissioners (hereinafter known as the "Board") has determined that a Municipal Service Benefit Unit (hereinafter referred to as the "MSBU") for the purpose of generating revenue to provide for maintenance of the Maintenance Areas will specially benefit the Watermill subdivision  properties also known as Watermill Cove as well as benefiting the County as a whole.  Therefore, the Board on May 3,1994, adopted a "Resolution Creating a Municipal Service Taxing Unit/Benefit Unit for Common Area Maintenance for Watermill Cove", as the most efficient and equitable means by which to finance such maintenance services, and WHEREAS, the County desires to contract with the Association for such maintenance services for the benefit of the citizens of Orange County, and NOW, THEREFORE, THE PARTIES HERETO AGREEAS FOLLOWS: ARTICLE I- PURPOSE 1. The purpose of this Agreement is to provide for direct landscape maintenance costs, as defined in Article II, for common landscaped entries, rights-of-way, street medians, and those open areas meeting the criteria of areas without improved above-ground structures that are: a. For passive recreation or scenic preservation only b. Contiguous to the platted or deeded public right-of-way of an existing County road and accessible from such road c. Access is freely open to all residents and property owners of the MSBU equally 1    G:\Ward\RMBS\Cortmon\watenmillcove agr04.doc

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