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APR 07 1912 <br />ANALYSIS: <br />The project engineer has certified that the new bond amount of <br />$14,885.37 represents 115% of the estimated cost to construct the <br />remaining required internal sidewalks for the subdivision. Staff <br />has no objection either to the estimate or to the extension of the <br />contract for construction. The County Attorney's Office has <br />reviewed and approved the Extension Agreement which has been <br />executed by the developer. As this is the final extension for <br />which this subdivision project is eligible, all remaining sidewalk <br />improvements are to be completed by March 1, 1993. <br />RECOMMENDATION: <br />Staff recommends that the Board of County Commissioners approve the <br />Contract Extension and accept the new Letter of Credit (in the <br />amount of $14,885.37). <br />ON MOTION by Commissioner Scurlock, SECONDED by <br />Commissioner Wheeler, the Board unanimously approved <br />the Final Extension of Contract for Construction of <br />Required Sidewalk Improvements with the Woodlands of <br />Vero, Inc., and accepted the amended letter of <br />credit 007 -LC -073702 from Barnett Bank in the <br />reduced amount of $14,885.37, as recommended by <br />staff. <br />CONTRACT AND AMENDED LETTER OF CREDIT IS ON FILE IN THE OFFICE OF <br />MANAGEMENT AND BUDGET <br />M. Extension of Windsor Pronerties Inc. Contract and Posted <br />Security to Guarantee Completion of Windsor Phase I Required <br />Subdivision Improvements <br />The Board reviewed memo from Current Development Senior <br />Planner John McCoy dated March 30, 1992: <br />16 <br />