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ON MOTION by Commissioner Lowther, SECONDED by <br />Commissioner Davis, the Board unanimously approved the <br />Fourth Modification to Contract for Construction of <br />Required Improvements No. PD-01-08-18-CFC <br />(99110063-26994) provided that the existing Bank of <br />America Irrevocable Standby Letter of Credit Number <br />3063088 be amended to reduce the amount to $2,295.00 <br />and extend the expiration date to May 12, 2008 (90 days <br />beyond the February 12, 2008 requested extension date, <br />and authorized the Chairman to execute said Fourth <br />Modification, as recommended in the memorandum of <br />October 25, 2006. <br /> <br />COPY OF FOURTH MODIFICATION TO CONTRACT IS ON FILE <br /> IN THE OFFICE OF THE CLERK TO THE BOARD <br /> <br /> <br />7.H.TAS,RD, <br /> HE NTILLES UBDIVISION EQUEST FROM EVELOPER <br />AVB,LLC,EC <br />NTILLES ERO EACH FOR AN XTENSION TO OMPLETE <br />RI <br />EQUIRED MPROVEMENTS <br /> <br />ON MOTION by Commissioner Lowther, SECONDED by <br />Commissioner Davis, the Board unanimously approved the <br />Modification to Contract for Construction of Required <br />Improvements No. SD-04-08-37-CFC <br />(2004020205-46588) provided that the existing Colonial <br />Bank, N.A. Standby Letter of Credit Number SB 992380 be <br />November 7, 2006 <br />11 <br /> <br />