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-A - � / n <br /> � <br /> A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J . K . BARTON , CLERK � R� hIrJA � S <br /> CASH DEPOSIT AND ESCROW AGREEMENT <br /> SP = MA - 05 -01 - 02 ( PH2 ) ( 2004040371 ) <br /> RE : RANCH ROAD LAKE SAND MINE , PHASE 2 <br /> THIS AGREEMENT is entered into this 6th day of April , <br /> 2010 , by and between Ranch Road Lake , L . L . C . , a Florida limited liability <br /> company ( Developer ) , and INDIAN RIVER COUNTY , a political subdivision of <br /> the State of Florida ( County ) : <br /> - WITNESSETH : <br /> WHEREAS , Developer is mining certain property within Indian <br /> River County and is required to post bonds insuring compliance with the <br /> requirements of the approved mining site plan ; Indian River County Code Section <br /> 934 . 07 ; and restoration of the site . <br /> NOW , THEREFORE , in consideration of the agreements , promises , <br /> and covenants set forth herein , and other good and valuable considerations , the <br /> parties hereto agree as follows : <br /> 1 . The Developer has tendered to the County Office of <br /> Management and Budget ( Escrow Agent ) the sum of Sixty Thousand Six <br /> Hundred Twenty and No/ 100 Dollars ( $ 60 , 620 . 00 ) , the receipt whereof is <br /> hereby acknowledged , which sum shall be held in escrow by said Office , subject <br /> to the terms , conditions and covenants of this escrow agreement as assurance <br /> that Developer shall perform in all respects the obligations of Indian River County <br /> Code Chapter 934 with respect to site plan compliance ( $ 41 , 740 . 00 ) and site <br /> restoration ( $ 18 , 880 . 00 ) . <br /> 2 . Upon completion of the restoration of each mine phase , the <br /> Developer may obtain a disbursement from the escrow account by making a <br /> written request to Indian River County ' s Community Development Director . The <br /> request shall specify the amount of disbursement , and shall be accompanied by <br /> a sealed certificate from Developer' s engineer that the mine is in compliance and <br /> has been restored in accordance with the most recent set of plans approved and <br /> on file with the County . <br /> 3 . Within seven ( 7 ) working days after receipt of a disbursement <br /> request , the Community Development Director shall cause an inspection of the <br /> 1 <br />