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_ 2/4/87(B32)LEGMm) <br />RELEASE OF BOND OBLIGATION <br />WHEREAS Champion Home Communities, Inc., doing <br />business as Heron Cay, of 1400 90th Avenue, Vero Beach, <br />Florida 32961, as Principal, and The Aetna Casualty and <br />Surety Company, as Surety, have posted a bond with Indian <br />River County, Florida guaranteeing construction of roads, <br />water and sewer systems, utilities, and other site <br />improvements on the site of Heron Cay, A Manufactured <br />Housing Rental Community, 1400 90th Avenue, Vero Beach, <br />Florida 32961 (Phase Ill); and <br />WHEREAS said Bond Number 24 SB 100088132 BCA was <br />posted on December 5, 1984; and <br />WHEREAS The Heron Cay, Corp., 1400 90th Avenue, <br />P.O. Box 6767, Vero Beach, Florida, as Principal, and Merril <br />Blake and Barbara Iles, as Sureties, have posted a <br />substitute bond of an identical amount guaranteeing the same <br />performance as the earlier described bond; <br />THEREFORE, Indian River County, by and through the <br />Board of County Commissioners of Indian River County, hereby <br />accept the bond dated January 29, 1987, The Heron Cay, <br />Corp. (Principal), Merril Blake and Barbara Iles (Sureties), <br />in the amount of Five Hundred Ninety -Four Thousand Dollars <br />($594,000.00) as good and sufficient consideration and <br />substitution for Bond Number 24 SB 100088132 BCA and hereby <br />agrees to and does release Champion Home Communities, Inc. <br />doing business as Heron Cay and The Aetna Casualty and <br />Surety Company from Bond Number 24 SB 100088132 BCA. <br />BOARD OF COUNTY COMMISSIONERS <br />INDIAN RIVER COUNTY, FLORIDA <br />By C. <br />Don Scuf1lock, J . <br />Chairman <br />ATTEST: <br />Approved �o <br />and <br />Freda Wright', le <br />rV <br />12 <br />li/a C:.ice 8-av{<ett <br />. Asst. County Attorney <br />FEB I BOOK �1����;�:�e�� <br />