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Lily's Cay At Vero Beach <br />MODIFICATION TO <br />CONTRACT FOR CONSTRUCTION FOR FINAL LIFT OF ASPHALT <br />CONTRACT NO. SD -15 -05 -07 -FLA (2006030269-74273) <br />THIS MODIFICATION, made and entered into this day of <br />, 2018, by and between Diamond Court West FL, LLC, a Virginia <br />limited liability company authorized to do business in the State of Florida, <br />hereinafter referred to as "Developer", and INDIAN RIVER COUNTY, a political <br />subdivision of the State of Florida, by and through its Board of County <br />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 -15 -05 -07 -FLA (2006030269=74273) <br />guaranteeing the installation of the final lift of asphalt the earlier of 2 years from <br />the project's Certificate of Completion (September 13, 2016) or 60 days prior to <br />turnover to homeowner association or prior to certificate of occupancy for the last <br />residence in this phase of the subdivision; and the Developer posted cash in the <br />amount of $58,126.81 as security to guarantee completion and entered into a <br />Cash Deposit and Escrow Agreement For Final Lift of Asphalt; and <br />WHEREAS, the developer has <br />requested an additional 1 -year extension to September 13, 2019 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. SDA 5 -05 -07 -FLA <br />(2006030269-74273) is extended to September 13, 2019. <br />56 <br />