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2/17/1982
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2/17/1982
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6/2/2023 11:06:12 AM
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Meetings
Meeting Type
Regular Meeting
Document Type
Minutes
Meeting Date
02/17/1982
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l'" <br />FEB 171982 <br />AGREEMENT <br />090 48 PA ,891: <br />THIS AGREEMENT made and entered into this 17th day of <br />February, 1982, by and between the Board of County Commissioners <br />of Indian River County, Florida, Owner (Owner hereinafter), and <br />Reinhold Construction, Inc., Contractor (Contractor hereinafter). <br />WITNESSETH: <br />WHEREAS, Owner and Contractor entered into a contract <br />dated April 10, 1980, relating to the Indian River County <br />Administration Building additions and renovations; and <br />WHEREAS, the Architect/Engineer Connell, Metcalf & Eddy, <br />Inc. has signed a Certificate for Payment dated January 29, 1982, <br />providing for -Owner to pay Contractor the sum of $367,205.77; and <br />WHEfEAS, Owner and Contractor are presently in <br />litigation with respect to Contractor's claim for extra payment <br />incident to firewall and. painting on the project in questipn, and <br />each of the parties presently assert claims for money damages <br />against the other which have not yet proceeded to litigation; and <br />WHEREAS, Owner and Contractor desire for Owner to pay <br />Contractor the aforesaid $367,205.77, and Contractor desires to <br />present to Owner affidavits and releases of subcontractors and <br />materialmen concurrent with the receipt of said payment without <br />either party waiving any claims, demands, actions and causes of <br />action of any nature whatsoever which it may now or hereafter have <br />whether arising under and by virtue of the aforesaid contract or <br />otherwise. <br />NOW, THEREFORE, it is agreed and stipulated by and <br />between Owner and Contractor in consideration for the mutual <br />covenants herein contained and other good and valuable <br />consideration, the receipt of which is hereby acknowledged each <br />from the other as follows: <br />1. Owner agrees to pay Contractor upon future receipt <br />of certificate for payment #21 from architect the sum of <br />$367,205.77, as set forth in that certain certificate dated <br />January 29, 1982, a copy of which is attached hereto as <br />Exhibit A. <br />2. Contractor agrees concurrent with payment by owner <br />
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