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C <br />s) After the Board of County Commissioners is satisfied that <br />all work has been satisfactorily completed and all bills for <br />work and materials have been paid, the Board shall release to <br />the Developer any funds remaining in the escrow account. <br />THIS AGREEMENT, signed and sealed, the day and year first above <br />written. <br />WITNESSESs <br />BOARD OF COUNTY'COMMISSIOVERS <br />OF INDIP RIVER COUNTY, FLORIDA <br />Chair of the BoaAdip <br />ATTEST: <br />Clerk"of the Board <br />LAUREL HOMES, INC. <br />BYa - — AX'\ Qe_.--0�0 a <br />k-78;6- <br />Robinson; President <br />DEVELOPER'S COST COMPLETION BOND <br />KNOW ALL MEN BY THESE PRESENTS, That'the undersigned <br />LAUREL HObMS, INC. as PRINCIPAL is held and firmly bound unto <br />the BOARD OF COUNTY C0104ISSIONERS of INDIA14 RIVER COUNTY, FLORIDA, <br />in the cash penal sum of SIXTY-T-HOUSAND, FIVE.HUNDRED AND N0/100 <br />DOLLARS ($60,500.00), which sum has been deposited in escrow with <br />the Board of County Commissioners of Indian River County, Florida. <br />in accordance with the provisions of an Escrow Agreement of even <br />date which is attached hereto and made a part hereof by this <br />.reference to it, Laurel Homes, Inc. does bind itself, successors, <br />assigns and legal representatives, jointly and severally, firmly <br />by this Bond. <br />The condition of this Bond is that the improvements to be <br />made as shown on Subdivision Plans and Specifications dated <br />November 4, 1975, including surveying, engineering, and land. <br />clearing for the Subdivision, Laurelwood, Unit 1, shall be <br />completed within the time specified therein or any extension <br />thereof, and all costs incurred in connection therewith shall be <br />paid in full, and in accordance therewith and -with the documents <br />and specifications referred to therein or attached thereto, then <br />this obligation shall be null and void, otherwise it shall remain <br />in full force and effect. <br />a <br />DATED: January 26, 1976 <br />LAUREL HOMES, INC. <br />a <br />Bys <br />J sepht . Rdbinson, President <br />FEB 4 1976 <br />25 33 <br />