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e <br /> RESOLUTION NO. 2005- 188 <br /> A RESOLUTION OF THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, <br /> FLORIDA, DECLARING DEFAULT BY AMELIA <br /> PLANTATION GROUP, L.L.C. INC. IN ITS <br /> OBLIGATION TO COMPLETE REQUIRED <br /> IMPROVEMENTS TO AMELIA PLANTATION, AND <br /> AUTHORIZING STAFF TO MAKE SIGHT DRAFT <br /> AGAINST HARBOR FEDERAL SAVINGS BANK <br /> IRREVOCABLE LETTER OF CREDIT NO. 390 <br /> DATED JUNE 1, 2004, AS AMENDED. <br /> WHEREAS, on April 27, 2004 Amelia Plantation Group, L.L.C., a Florida <br /> limited liability company entered into a Contract for Construction of Required <br /> Improvements No. SD-03-08-22CFC (2000070058-38955), relating to Amelia <br /> Plantation; and <br /> WHEREAS, that agreement required all subdivision improvements to be <br /> constructed on or before February 28, 2005; and <br /> WHEREAS, on May 24, 2005 the Board of County Commissioners <br /> approved a Modification to the Contract for Construction of Required <br /> Improvements to extend the contract date in which to complete the remaining <br /> required improvements to August 24, 2005, and the Harbor Federal Savings <br /> Bank Irrevocable Letter of Credit No. 390 in the remaining amount of <br /> $227,217.63 was amended to extend its expiration date to December 1, 2005; <br /> and <br /> WHEREAS, the modified agreement to construct required subdivision <br /> improvements has not been complied with; <br /> NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: <br /> 1 <br /> FAAttorney\Nancy\DOCS\RES\Reso calling amelia plantation.doc <br />