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THE BOARD NEXT TOOK UP A REQUEST FROM LLOYD AND ASSOCIATES <br />THAT THE COUNTY ACCEPT A CASH BOND FOR UNCOMPLETED ROAD WORK IN <br />MORTIMER PARKWAY (NOW KNOWN AS DEARIE PINES) SUBDIVISION, AS PER <br />THE FOLLOWING LETTER AND ATTACHMENTS: <br />LLOYD AND ASSOCIATES <br />ENGINEERS AND SURVEYORS <br />REPORTS <br />DESIGNS <br />SUPERVISION <br />APPRAISALS <br />CONSULTATIONS <br />August 31, 1978 <br />ROBERT F. LLOYD <br />REGISTERED CIVIL ENDINEER 3530 <br />REGISTERED LAND SURVEYOR 944 <br />(305) 562.4112 <br />1035 20TH STREET <br />VERO BEACH. FLORIDA <br />324613 <br />Mr. Jack Jennings <br />County Administrator <br />2145 14th Avenue <br />Vero Beach, Florida 32960 <br />RE: Mortimer Parkway S/D Roads <br />Dear Mr. Jennings: <br />Confirming our telephone conversation this date, Mr. Orin Cummings is <br />desirous of proceeding immediately with construction of homes in the <br />above referenced s -db -division. <br />The road construction which Mr. Cummings agreed to is well on the way, <br />but is not completed as of this date. In lieu of completion we would like <br />to post a cash bond for the uncompleted portion of work, so Mr. Cummings <br />may proceed with the work. Below is a breakdown of the work and pay- <br />ment to -wit: <br />Contract with Pan-American $24,915.37 <br />Payment to date - 19, 872.29 <br />Balance $ 5,043.08 <br />Credit for limerock - 661. 00 <br />Total (Sub) $ 4,382.08 <br />+ Entrance off of S. R. 60 (Estimated) 2,000.00 <br />TOTAL $ 6,38 1 2.03 <br />Attached you will find the Release of Lien from Pan American for work <br />completed in the amount of $19, 872.29 along with Mr. Cummings check <br />in the amount of $6, 382. 03. <br />When this job is completed, -,Nye will make a final inspection and will <br />deliver to you all reports that are available. <br />Yours very truly, <br />LLOYD AND ASSOC ATES <br />By: <br />Robert F. Lloyd, P. E. <br />46 <br />9009 PA.G" 0 <br />