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Berkley Square Subdivision <br />MODIFICATION TO <br />CONTRACT FOR CONSTRUCTION FOR FINAL LIFT OF ASPHALT <br />CONTRACT NO. SD -04 -07 -31 -FLA (95080082-72145) <br />THIS MODIFICATION, made and entered into this day of <br />, 2018, by and between GHO Berkley Square Corp., a Florida <br />corporation, hereinafter referred to as "Developer", and INDIAN RIVER <br />COUNTY, a political subdivision of the State of Florida, by and through its Board <br />of County Commissioners, hereinafter referred to as "County". <br />WITNESSETH: <br />WHEREAS, Developer entered into a Contract for Construction for Final <br />Lift of Asphalt, Contract No. SD -04 -07 -31 -FLA (95080082-72145) guaranteeing <br />the installation of the final lift of asphalt the earlier of 2 years from the project's <br />Certificate of Completion (January 28, 2016) or 60 days prior to turnover to <br />homeowner association or prior to certificate of occupancy for the last residence <br />in this phase of the subdivision; and the Developer posted cash in the amount of <br />$20,296.75 as security to guarantee completion and entered into a Cash Deposit <br />and Escrow Agreement For Final Lift of Asphalt; and <br />WHEREAS, the developer has <br />requested an additional 2 -year extension to January 28, 2020 to <br />install the final lift of asphalt, as allowed by code; <br />2. provided an updated certified cost estimate attached as Exhibit "A" <br />which amount has been approved by County engineering and did <br />not change from the initial cost estimate; and <br />3. paid the required $660.00 extension fee request to County. <br />NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL <br />COVENANTS AND PROMISES HEREIN CONTAINED, the parties agree as <br />follows: <br />1. The date for completion of the final lift of asphalt as outlined in the <br />Contract for Construction for Final Lift of Asphalt, Contract No. SD -04 -07 -31 -FLA <br />(95080082-72145) is extended to January 28, 2020. <br />50 <br />