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FUNDING: <br />There is no cost to be borne by Indian River County with respect to this item. <br />RECOMMENDATION: <br />Approve the attached Modification to Contract for Construction for Final Lift of Asphalt <br />(Contract No. SD -04 -10 -46 -FLA) to extend the completion date to March 12, 2017, and <br />authorize the Chairman to execute same so long as the letter of credit is amended to extend the <br />expiration date to June 12, 2017 which is 90 days beyond the newly extended completion date, <br />and the developer pays the prerequisite extension fee of $660.00 established by Resolution <br />No. 2005-041, and pursuant to Section 913.10(1)(G) of the Indian River County Code. It is <br />also noted that the supporting security can also be reduced to the updated amount. <br />Additionally, if after an inspection is performed by the County and it reveals that there is any <br />deficiency in the roadway base, the developer must repair any deficiency noted in such <br />inspection prior to the laying of the final lift of asphalt. <br />nhm <br />attachment: Modification to Contract for Construction for <br />Final Lift of Asphalt (Contract No. SD -04 -10 -46 -FLA) <br />with updated approved certified cost estimate <br />2 <br />71 <br />