2/20/1985 - Laserfiche WebLink

Home Browse Search

FEB 2 O 1985BOOK 59 Ut 11914 Also, the owner is proposing to upgrade and construct improve- ments over and above what is required in the existing contract. These improvements include: 1) upgrading from a 6" limerock base to an 8" limerock base, 2) upgrading the asphalt surface course from a thickness of 14" to 1;2-", 3) installing Miami curbing along the roadway. Revised construction drawings showing these additional improve- ments have been submitted, and have been approved by the Public Works Director. A new certified cost estimate has been submit- ted which reflects the additional cost of the proposed new improvements, balanced by expenditures for some of the con- struction that has already occurred on the site. Staff has determined that the amount of $503,191.24 represents at least 115% of the costs of construction -needed to finish the project under an amended contract. The County Attorney's Office has drafted a proposed resolution and assumption agreement (see attachment #3) that acknowledges the assignment of Seagrove West subdivision to Harbor Federal, grants a 9 month extension of the existing contract to construct the required improvements, and accepts the newly posted security guaranteeing the contract. Attached to the resolution is an assumption agreement whereby Harbor Federal agrees to perform the promises and obligations of the old contract as well as the additional modifications to upgrade the original construction plans. Harbor Federal is posting a letter of credit for $503,191.24 as surety for the contract extension, and is in agreement with the proposed resolution and assumption agreement. RECOMMENDATION: Staff recommends that the Board of County Commissioners adopt the proposed resolution assigning and extending the existing contract for the construction of improvements in Seagrove West subdivision to Harbor Federal Savings & Loan Association. ON MOTION by Commissioner Scurlock, SECONDED by Commissioner Bowman, the Board unanimously adopted Resolution 85-22 assigning and extending the existing contract for the construction of improve- ments in Seagrove West Subdivision to Harbor Federal Savings & Loan Association.