3/7/2017 10:23:09 AM
9/30/2015 4:59:43 PM
Pointe West of Vero Beach Ltd
Fidelity Federal Bank & Trust
Subdivision Improvements Declaring Default
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RESOLUTION NO. 2003- 024 <br /> A RESOLUTION OF THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, <br /> FLORIDA, DECLARING DEFAULT BY POINTE <br /> WEST OF VERO BEACH, LTD., A FLORIDA <br /> LIMITED PARTNERSHIP IN ITS OBLIGATION TO <br /> CONSTRUCT REQUIRED SUBDIVISION <br /> IMPROVEMENTS, AND AUTHORIZING STAFF TO <br /> MAKE SIGHT DRAFT AGAINST FIDELITY <br /> FEDERAL BANK & TRUST IRREVOCABLE <br /> LETTER OF CREDIT NO. 295-74902 DATED <br /> MARCH 7, 2001. j <br /> WHEREAS, certain required sidewalk improvements within subdivisions <br /> are required to be constructed within two years of final plat approval, however, ; <br /> I <br /> with approval, the required sidewalk improvements can be extended for an <br /> additional two years; and <br /> WHEREAS, the plat of Pointe West Central Village, Phase II P.D. was <br /> approved on March 13, 2001; and <br /> WHEREAS, to secure the obligation to construct the required sidewalks, <br /> developer posted an Irrevocable Letter of Credit No. 295-74902 from Fidelity <br /> Federal Bank & Trust in the amount of $35,604.00 and entered into a Contract <br /> for Construction of Required Sidewalk Improvements No. PD-00-09-17-SC <br /> I ; <br /> I <br /> (99070081); and <br /> WHEREAS, said improvements were to have been constructed by March <br /> 1, 2003; and <br /> WHEREAS, said improvements are not yet constructed; and <br /> i <br /> 2/03RESO(LEGAL)WGC/nhm 1 <br /> __iI <br />
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