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A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.K. BARTON, CLERK <br />2. The $85,425.00 Regions Bank Irrevocable Standby Letter of Credit <br />No. 55101730 on deposit for sidewalks is to be reduced to $45,168.88 which <br />amount represents 125% of the remaining (not deferred) sidewalk improvements <br />to be completed as evidenced by developer's engineer's certified cost estimate <br />as approved by County engineering, attached as Exhibit "A"; and the letter of <br />credit guarantying the completion is to be extended to January 16, 2012 which is <br />90 days beyend the newly extended datei <br />3. All other terms set out in the Contract for Construction of Required <br />Sidewalk Improvements No. PD-04-08=14-(C)SIDEPH3 (2003100068-55786) <br />remain in full force and effect. <br />IN WITNESS WHEREOF, the parties hereto have set their hands and <br />seals on the day and year first above written. <br />SHELBY HOMES AT MILLSTONE, <br />INC., a Florida corporation <br />Signed in the presence of: <br />DEVELOPER <br />Sign. <br />t: --� By: <br />ober#' She e , <br />Sign: _ <br />Print & bI�i&.rW ICU <br />INDIAN RIVER COUNTY, FLORIDA <br />by and through its Board of County <br />Commissioners <br />By: <br />christopher R. Mora, P.E. <br />Public Works Director <br />By: <br />Robert M. Keating, AICA <br />Community Developme t D <br />Authority: §913.09(5)(b)2.c, IRC Code <br />2 <br />I' <br />