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<br />(200210039-34925) extending the completion date to <br />perform, along with a Cash Deposit and Escrow <br />Agreement, as recommended in the memorandum of <br />September 30, 2004. <br /> <br />CONTRACT IS ON FILE IN THE <br />OFFICE OF THE CLERK TO THE BOARD <br /> <br />7.G. R2004-119–DDR <br />ESOLUTION ECLARING EFAULT BY OSEWOOD <br />REDC–OSS <br />OAD AST EVELOPMENT ORPORTION LD AVANNAH UBDIVISION <br />–SDAIRNBI <br /> IGHT RAFT GAINST NDIAN IVER ATIONAL ANK RREVOCABLE <br />LCN.01-0103(B&C) <br />ETTER OF REDIT O RACKETT OMPANY <br /> <br />ON MOTION by Commissioner Neuberger, SECONDED <br />by Commissioner Adams, the Board adopted Resolution <br />2004-119 declaring default by Rosewood Road East <br />Development Corporation, a Florida Corporation, in its <br />obligation to complete required improvements to Old <br />Savannah Subdivision, and authorizing Staff to make sight <br />draft against Indian River National Bank Irrevocable Letter <br />of Credit No. 01-0103 dated July 15, 2003, as amended. <br /> <br />7.H. SL.L.C.–FPA–SL <br />OUTHLAKES INAL LAT PPROVAL OUTH AKES <br />S–SOR43A <br />RD <br />UBDIVISION OUTH SIDE OF SLO OAD BETWEEN VENUE AND <br />58A <br />TH <br /> VENUE <br /> <br />October 12, 2004 <br />5 <br /> <br />