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RESOLUTION NO. 2013- 064 <br />A RESOLUTION OF THE BOARD OF COUNTY <br />COMMISSIONERS OF INDIAN RIVER COUNTY, <br />FLORIDA, DELEGATING TO THE COUNTY <br />ADMINISTRATOR OR DESIGNEE THE <br />AUTHORITY TO EXECUTE TERMINATIONS OF <br />COVENANTS DEFERRING SIDEWALK <br />DEVELOPMENT AND COVENANTS DEFERRING <br />MAINTENANCE SECURITY DEVELOPMENT. <br />i <br />WHEREAS, subdivision projects that were platted prior to February 17, <br />2009, by Code, were allowed to defer sidewalk construction and the posting of security <br />to guarantee sidewalk construction as well as to defer the posting of security to <br />warranty the required road and drainage improvements; and <br />WHEREAS, in instances where developers wished to "mothball" certain <br />areas of their subdivision project for economic reasons, they made application to the <br />County for deferral, and if approved, then executed and recorded in the public records a <br />covenant to defer a designated area of the subdivision, with the understanding that the <br />lots within the deferral area could not be sold or building permits obtained until security <br />was in place; or, in the case of sidewalks, as an alternative to putt <br />ing security in place <br />or constructing the sidewalks, a restrictive covenant was recorded making it the <br />responsibility of the lot owner to construct the sidewalk segment before a cert <br />ificate of <br />