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and Development. Division, and all County development: regulations and standards,
<br />including conditions and requirements of any applicable County right-of-way permit; all
<br />of which are hereby incorporatedby reference and made .a part hereof.
<br />3. In order to guarantee performance of this contract, Developer shall
<br />simultaneously herewith furnish an executed cash deposit and escrow agreement; in a
<br />form to be approved by the County, between. Developer and the Indian River County
<br />Office of Management and Budget, .as the escrow agent, 'in the amount of $71,905.88,
<br />which amount is not less than one hundred twenty-five percent (125%) of the estimated
<br />total cost of :improvements remaining to be constructed, as determined in accordance
<br />with the County's Subdivision and Platting Ordinance. It is understood that the full
<br />amount of the escrow deposit shall remain available to the County and shall not be
<br />reduced during the course. of construction. Developer may at any time substitute
<br />guarantees, subject to the approval as to form and amount by the County.
<br />4. Up to $1,000,000.00, 'or the limits of any applicable underlying or
<br />excess insurance coverage carried by Developer or to be obtained during the course of
<br />the construction of the subdivision improvements, Developer agrees to indemnify, hold
<br />harmless, and defend the County against any and all claims, damages, losses, and
<br />expenses, including attorney's fees, for property damage, personal or bodily injury, or
<br />loss of life, arising from the negligent acts or omissions of the Developer, its officers,
<br />employees, agents, or contractors, subcontractors, laborers, or suppliers, relating to the
<br />construction of the required improvements.
<br />5. The County agrees to approve the plat for recordation in the Public
<br />Records of Indian River County, Florida upon a finding as to compliance with all
<br />applicable provisions of the County's Subdivision and Platting Ordinance and upon
<br />execution hereof. The County shall accept those areas specifically dedicated to the
<br />County for the purposes indicated on. the plat at the time of plat recordation: However,
<br />nothing herein .shall :be construed as creating an obligation upon the County .to perform
<br />any act of construction or maintenance within such dedicated, areas until such time .as
<br />the "required improvements are satisfactorily completed.
<br />Developer shall remain responsible .for utility meter. boxes, sewer clean
<br />outs, and drainage. per
<br />inverts, to be in good repair, accessible, correctly plumbed,
<br />and not .covered with topsoil, concrete or impervious material for the 1 -year
<br />maintenance period .commencing after County issuance of a Certificate of Completion.
<br />Notice of this ongoing responsibility shall: be provided by Developer to any subsequent
<br />builder/homeowner.
<br />Satisfactory:completion 'in accordance with the land development permit,
<br />Plans, specifications, and or requirementsof 'Indian River County shall be
<br />determined by the County and shall be indicated by specific .written approval of the
<br />Public Works Director or his designated representative, after receipt of a signed and
<br />sealed Certificate of Completion from the project engineer of record. Once the required
<br />improvements are completed to the satisfaction of County, Developer acknowledges
<br />that Developer is responsible for posting a 1 -year warranty for road and drainage
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