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CONTRACT FOR CONSTRUCTION OF <br /> REQUIRED SIDEWALK IMPROVEMENTS <br /> NO . SD -01 -09 - 17 -SIDECFC (2000040176 ) <br /> THIS CONTRACT , made and entered into this 18th day of <br /> Nnvemkier , 20031 by and between Waterford Lakes of Indian River County, <br /> Inc . , a Florida corporation , hereinafter referred to as " Developer" , and INDIAN RIVER <br /> COUNTY , a political subdivision of the State of Florida , by and through its Board of <br /> County Commissioners , hereinafter referred to as " County" . <br /> WITNESSETH : <br /> WHEREAS , Developer is commencing proceedings to effect development <br /> of land within Indian River County , Florida ; and <br /> WHEREAS , a Final Plat for the development within the unincorporated- <br /> area <br /> nincorporatedarea of Indian River County shall not be approved until the <br /> Developer has installed the <br /> required improvements or has guaranteed to the satisfaction of the County that such <br /> improvements will be installed ; and <br /> WHEREAS , Developer requests the approval of the Final Plat for <br /> Waterford Lakes Subdivision , Phase III ; and <br /> WHEREAS , the required sidewalk improvements are to be installed after <br /> Final Plat approval , under guarantees posted with the County . <br /> NOW , THEREFORE , IN CONSIDERATION OF THE MUTUAL <br /> COVENANTS AND PROMISES HEREIN CONTAINED , the parties agree as <br /> follows : <br /> 1 . Developer agrees to construct by I40wwj6ar 1 % ,20o5' , a date being <br /> within two years of approval of Final Plat , in a good and workmanlike manner, those <br /> improvements described as follows : <br /> See Exhibit "A" attached hereto <br /> or otherwise required by the Code of Laws and Ordinances of Indian River County in <br /> connection with the approved Preliminary Plat and Land Development Permit , which are <br /> incorporated by reference into this contract . <br /> I <br /> FAattomey\nancy\DOCS\PLANlside k for perf bond waterford lakes iii .doc <br />