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The Reserve At Grand Harbor PD Phase 1, Plat 33 A TRUE COPY CERTIFICATION ON LAST PAN- J.R. SMITH, CLERK MODIFICATION TO CONTRACT FOR CONSTRUCTION FOR FINAL LIFT OF ASPHALT CONTRACT NO. PD -13 -10 -03 -FLA (2001020101-77703) THIS MODIFICATION, made and entered into this 18th day of. December, 2018, by and between GH VERO BEACH DEVELOPMENT LLC, a Delaware limited liability company, hereinafter referred to as "Developer", and INDIAN RIVER COUNTY, a political subdivision of the State of Florida, by and through its Board of County Commissioners, hereinafter referred to as "County". WITNESSETH: WHEREAS, Developer entered into a Contract for Construction for Final Lift of Asphalt, Contract No. PD -13 -10 -03 -FLA (2001020101-77703) guaranteeing the installation of the final lift of asphalt the earlier of 2 years from the project's projected Certificate of Completion (December 16, 2016) or 60 days prior to turnover to homeowner associationor prior to certificate of occupancy for the last residence in this phase of the subdivision; and the Developer posted cash in the amount of $212,131.88 as security to guarantee completion and entered into a Cash Deposit and Escrow Agreement For Final Lift of Asphalt; and WHEREAS, the developer has 1. requested an additional 2 -year extension to December 16, 2020 to install the final lift of asphalt, as allowed by code; 2. provided an- updated certified cost estimate attached as Exhibit "A" which amount has been approved by County engineering and did not change from the initial cost estimate; and 3. paid the required $660.00 extension fee request to County. NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS AND PROMISES HEREIN CONTAINED, the parties agree as follows: 1. The date for completion of the final lift of asphalt. as outlined in the Contract for Construction for Final Lift of Asphalt, Contract No. PD -13 -10 -03 -FLA (2001020101-77703) is extended to December 16, 2020.