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BOOK FAUF. BJ. <br />and site improvements on the site of Heron Cay at 1400 <br />Avenue, Vero Beach, Florida on December 5, 90th <br />1984. The amount <br />of the bond was $594,000.00. Champion Home Communities, <br />Inc. has since sold its interest in the site and The Heron <br />Cay, Corp, has come forward with a substitute bond in the <br />same amount guaranteeing performance of the same. <br />obligations. Champion Home Communities, Inc. requests <br />release of its bond since we now have a substitute bond from <br />The Heron Cay, Corp. It is recommended that the Board of <br />County Commissioners authorize the Chairman to sign the <br />attached release. A copy of the original bond and the <br />substitute bond are attached. <br />ON MOTION by Commissioner Bird, SECONDED by <br />Commissioner Eggert, the Board unanimously approved <br />f the release of performance bond in the amount of <br />$594,000 to Champion Home Communities, Inc. d/b/a <br />Heron Cay, and authorized the Chairman's signature. <br />12 <br />