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<br />12.D. FTP56RD,IR <br />ALCON RACE LATS AND EQUEST FROM EVELOPER NDIAN IVER <br />AII,LLLP,ECR <br />SSOCIATES FOR AN XTENSION TO OMPLETE EQUIRED <br />I <br />MPROVEMENTS <br /> <br />Attorney Collins reviewed the memorandum of June 14, 2006 and requested the Board to approve <br />a 6-month extension with the condition that Indian River Associates II, LLLP, posts the security to <br />support the contract for construction of the Plats prior to the signing of the extension. <br />Commissioner Bowden felt there should be a time frame to post security before they sign any <br />extension. <br /> <br />ON MOTION by Commissioner Davis, SECONDED by <br />Commissioner Lowther, the Board unanimously approved the <br />6-month extension to Contract for Construction of Required <br />Improvements Nos. SD-03-07-18-CFC/PL5 (2001050202-46471 <br />and SD-03-07-18-CFC/PL6 (2001050202-46473) and authorized <br />the Chairman to execute each Modification so long as when the <br />security is in place (prior to recordation of the plats) it is extended <br />90 days beyond the extended date to complete the improvements, <br />as recommended in the memorandum of June 14, 2006. <br />COPY OF CONTRACT MODIFICATION ONFILE IN THE OFFICE OF THE CLERK TO THE BOARD <br />13. COMMISSIONERS ITEMS <br />13.A. CAR.N,C <br />OMMISSIONER RTHUR EUBERGER HAIRMAN <br />13.A.1. Renewal of Employment Agreement <br /> <br />June 20, 2006 <br />31 <br /> <br />