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Jun o7 04 08 : 06a Indian River County 772 - 770 - 5095 <br /> requirements of Indian River County shall be determined by the <br /> indicated by specific written approval of the Public Works Dire <br /> representative, after receipt of a signed and seated C County and shall be <br /> nated <br /> Project engineer of record , Certificate of Completion from the <br /> 64 In the . .event the Developer shall fail or. neglect to <br /> - obligations under this contract and as required by the Indian River <br /> Developer, as principal, and the let#er(s ) of credit shalt be 'ointl fulfill Its <br /> - County Code , the <br /> Pay for the cost of construction and Installment of the r Y and severalty liable to <br /> total cost, including but not limited to engineering, construction le <br /> costs , including reasonable attome 's fee equ+red improvements to the final <br /> damages , either director consequential , which the County gal and contingent <br /> y the County, together with any <br /> the failure of Developer to cant' out and execute all Provisions su taiin as a result of <br /> applicable ordinances of Othe Coon ! n no contract and <br /> n ng an Shall t <br /> un er this paragraph exceed the <br /> total amount of the <br /> obligation stated. inthe letters) of credit, less any approved reductions thereto original <br /> 70 The. parties agree that the County at its option shall have the right, <br /> but not the obligation , to construct and install or, pursuant to recet t <br /> cause #o be constructed and installed the required im Improvements <br /> Developer shall fall or refuse to do so in accordance p of competitive bids, <br /> Developer expressly agrees that the County co d p nts In the event <br /> with the terms of this contract. <br /> letters) of credit for the final total cost of the improvements , d Develo per -s the existing <br /> wholly liable for any resulting deficiency, P halt remain <br /> to Completion of the required improvements , n no event shall the etter(s) Of �Cou�y be obligated prior <br /> to expend public funds , or any funds other than those Provided by the Developer, or <br /> underwriting bank to construct the required improvements . �' be obligated <br /> P � the <br /> $ • Any letters) of credit provided to the County by Developer <br /> respect to this contract shall -exist- solely for the use and benefit of the County and shah <br /> not be construed or Intended in any way, expressly or impliedly, to benefit or secure <br /> P to any subcontractor, laborer, materialman or other party providingla <br /> material , supplies , or services for construction of the required improvements , or to <br /> benefit any lot purchaser(s ), unless the County shall agree otherwise in writing , <br /> 9 . <br /> This agreement is the full and complete understanding of the <br /> parties and shall not be construed or amplified by reference to any other agreement, <br /> discussion , or understanding, whether written or oral , except as specifically mentioned <br /> herein . This agreement shall not be assigned without the express written approval of <br /> the County, Any amendment, deletion , modification extension , or revision hereof or <br /> hereto shalt. be in writing, executed by authorized representatives of both parties, <br /> 3 <br /> FAa�n9Y�n"1()0CSIPLAN* for con w be diamond lakel .doc <br />