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Not valid until signed by both the Owner end Architect <br />Signature of the Contractor Indicates his agreement herewith, Including any adjustment In the Centred Sum or Contract Thne. <br />ORIGINAL CONTRACT y�t n $ 14903,286.00 <br />FORMER CHANGE ORDERS .tG .. ded.'..#.2.»..C.. $ 2,100.00 <br />THIS CHANGE ORDER <br />SIGNED: <br />(ADD41). S <br />REVISED CONTRACT PRICE S <br />APPROVED: <br />Schopke Construction <br />En•-ri `/ Inc. <br />BY /i L _ — <br />DATE �`�, <br />PAGE .J. OF <br />ACCEPTED: <br />and • Board of CbuntrCotEnissioner: <br />Indian River County, Florida <br />OWNER <br />BY C <br />cS:/9-0 <br />1,901,186.00 <br />4,788.16 <br />1905,974.16 <br />3. <br />PAGES <br />DATE <br />P. Coralstone Development (Water Lines) <br />The Board reviewed memo of Utilities Director Pinto: <br />DATE: <br />TO: <br />FROM: <br />MAY 8, 1987 <br />BOARD OF COUNTY COMMISSIONERS <br />TERRANCE G. PIN <br />DIRECTOR OF UTILIT <br />SUBJECT: CORALSTONE <br />ERVICES <br />BACKGROUND <br />During the process of obtaining the Certificate of Occupancy, <br />Coralstone Development deeded their water lines to Indian River <br />County. Because Coralstone is serviced byNorth Beach Water Company <br />they have a Developers Agreement that requires the lines to be deeded <br />to North Beach Water Company. To prevent Coralstone from a legal <br />battle with North Beach Water Company, I recommend the lines be <br />transferred to North Beach Water Company. Along with the deed it <br />should be clearly understood that when Indian River County takes <br />ownership of North Beach Water Company that the deeded', lines will <br />revert back to Indian River County at no cost as per our franchise <br />agreement with North Beach Water Company. <br />RECOMMENDATION <br />The Utilities Department asks the Board of County Commissioners to <br />authorize the County Attorney's office to prepare the necessary <br />paperwork and deed the lines to North Beach Water Company with the <br />stated understanding. <br />Commissioner Eggert asked what kind of written agreement we <br />have about reversion. <br />Chairman Scurlock explained that we presently are under <br />negotiations with North Beach Water Company. Within their <br />franchise there is an acquisition provision both in the 7th and <br />10th year. It provides for the original cost depreciated 32% up <br />to a maximum of 24%, and that depreciation stops in the 7th year. <br />15 <br />MAY 19 1987 <br />�. at <br />BOOK <br />