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CONSENT: December 18, 2018 <br />Of ce of 3q <br />INDIAN RIVER COUNTY <br />Dylan Reingold, County Attorney <br />William K. DeBraal, Deputy County Attorney <br />Kate Pingolt Cotner, Assistant County Attorney <br />1�k 6,I 1 �� <br />TO: The Board of County Commissioners <br />ATTORNEY <br />FROM: William K. DeBraal - Deputy County Attorney t)pp-- DATE: December 10, 2018 <br />SUBJECT: The Reserve At Grand Harbor PD Phase 1, Plat 33 <br />Request for 2 -Year Extension to Final Lift of Asphalt Contract <br />Developer: GH Vero Beach Development LLC <br />In 2016, GH Vero Beach Development LLC, the developer of The Reserve At Grand Harbor <br />PD Phase 1, Plat 33, entered into a Contract for Construction for Final Lift of Asphalt, <br />Contract No. PD -13 -10 -03 -FLA (2001020101-77703), posted the required security in the form <br />of cash in the amount of $212,131.88, and entered into a Cash Deposit and Escrow Agreement <br />for Final Lift of Asphalt to guarantee completion of the final lift of asphalt. The developer, <br />has requested an extension to this contract as the project has not yet been completed. <br />Section 913.10(1)(E) of the County Code states that for good cause shown the Board may in <br />its discretion grant one or more extensions of time for performance of any contract for <br />construction of required improvements provided the security supporting such contract remains <br />valid for the required period following the newly extended time for performance. <br />Staff has no objection to a 2 -year extension. Additionally, the developer has paid the required <br />$660 extension request fee; and has provided its engineer's updated certified cost estimate, <br />which County engineering has approved. It is noted that the approved amount has not <br />changed from the approved initial cost estimate. <br />FUNDING: <br />There is no cost to be borne by Indian River County with respect to this item. <br />124 <br />