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ALTERNATIVES AND ANALYSIS: <br />Boa 63 n,14 247 <br />Mr. Wheelwright's request to extend the contract and letter of a <br />credit expiration has been incorporated into a proposed' <br />resolution. <br />The proposed resolution, if adopted, would: <br />1. extend the contract extension date to April 24, 1986; and <br />2. extend the letter of credit expiration date to July 24, 1986, <br />by substituting the current letter of credit with a new <br />letter of credit in the same amount. <br />Mr. Wheelwright has signed and sealed the proposed resolution, and <br />has submitted a new letter of credit. <br />RECOMMENDATIONS: <br />Staff recommends that the Board of County Commissioners adopt the <br />attached resolution to extend the Contract for Construction of <br />Required Improvements and to substitute the surety guaranteeing <br />the contract. <br />ON MOTION by Commissioner Lyons, SECONDED by <br />Commissioner Bowman, the Board unanimously <br />adopted Resolution 86-1 approving the re- <br />quested extension of Contract for Construction <br />of Required Improvements for Shorelands Sub- <br />division. <br />6 <br />