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A TRUE COPY
<br /> CERTIFICATION ON LAST PAGE
<br /> J.R. SMITH, CLERK
<br /> utility on the Florida East Coast Railway, LLC property, the cost of such alternations or —re-
<br /> arrangements shall be paid by the Developer.
<br /> 19. Developer agrees that if by any reason of any changes or additions made
<br /> at the time by the Florida East Coast Railway, LLC in its tracks, right-of-way or property, structures,
<br /> and appliances thereon, or property, it becomes necessary to change the location of all or any
<br /> part of the crossing, such changes as are necessary shall be made by the Developer promptly at
<br /> the request of Florida East Coast Railway, LLC and at the sole cost and expense of the Developer.
<br /> 20. In the event the Developer shall fail or neglect to fulfill its obligations
<br /> under this Contract, the Developer, as principal, and the escrowed cash or letter of credit shall
<br /> be jointly and severally liable to pay for the cost of construction and installment or removal of
<br /> the Improvements to the final total cost, plus the warranty, including but not limited to engineering,
<br /> construction, legal and contingent costs, including reasonable attorney's fees incurred by the
<br /> County, together with any damages, either direct or consequential, which the County may sustain
<br /> as a result of the failure of Developer to carry out and execute all provisions of this
<br /> contract and applicable ordinances of the County. If this Contract is secured by a letter of credit,
<br /> then in no event, shall the liability of the underwriting bank under this paragraph exceed the total
<br /> amount of the original obligation stated in the letter of credit, less any approved reduction
<br /> thereto. Additionally, in the event the Developer shall fail or neglect to fulfill its obligations under
<br /> this Contract, County shall have the right to immediately terminate this Contract and the
<br /> Developer's right to construct or install the Improvements under this Contract.
<br /> 21. The parties agree that the County at its option shall have the right, but
<br /> not the obligation, to construct and install or remove or, pursuant to receipt of competitive bids,
<br /> cause to be constructed and installed or removed the Improvements in the event Developer
<br /> shall fail or refuse to do so in accordance with the terms of this Contract. Developer expressly
<br /> agrees that the County may demand and draw upon the existing cash escrow or letter of credit
<br /> for the final total cost of the Improvements, including the warranty. Developer shall remain
<br /> wholly liable for any resulting deficiency, should the cash or letter of credit be exhausted prior to
<br /> completion of the Improvements. In no event shall the County be obligated to expend public
<br /> funds, or any funds other than those provided by the Developer, or the underwriting bank to
<br /> construct the Improvements.
<br /> 22. At the completion of the Improvements, Developer agrees to execute a
<br /> Warranty and Guaranty Agreement and Bill of Sale to transfer all its right, title and interest to
<br /> the County in and to all the Improvements constructed within the Florida East Coast Railway, LLC
<br /> property, free and clear of encumbrances, together with the assignment of all existing warranties,
<br /> and Developer's agreement to warranty and guaranty the Improvements for a 1- year period
<br /> and, on each occasion, and at Developer's expense, immediately correct any defect due to faulty
<br /> field engineering, workmanship, or materials upon notice by County. Said warranty will be
<br /> secured with the twenty-five percent (25%) security mentioned above; and
<br /> 23. Any cash or letter of credit provided to the County by Developer or
<br /> Developer's contractor with respect to this contract shall exist solely for the use and benefit of
<br /> the County and shall not be construed or intended in any way, expressly or impliedly, to benefit or
<br /> secure payment to any subcontractor, laborer, materialman or other party providing labor,
<br /> material, supplies, or services for construction of the Improvements, unless the County shall
<br /> agree otherwise in writing.
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