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The Reserve At Grand Harbor PD Phase 1, Plat 33 <br />MODIFICATION TO <br />CONTRACT FOR CONSTRUCTION FOR FINAL LIFT OF ASPHALT <br />CONTRACT NO. PD -13 -10 -03 -FLA (2001020101-77703) <br />THIS MODIFICATION, made and entered into this day of <br />December, 2018, by and between GH VERO BEACH DEVELOPMENT LLC, a <br />Delaware limited liability company, hereinafter referred to as "Developer', and <br />INDIAN RIVER COUNTY, a political subdivision of the State of Florida, by and <br />through its Board 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. PD -13 -10 -03 -FLA (2001020101-77703) <br />guaranteeing the installation of the final lift of asphalt the earlier of 2 years from <br />the project's projected Certificate of Completion (December 16, 2016) or 60 days <br />prior to turnover to homeowner association or prior to certificate of occupancy for <br />the last residence in this phase of the subdivision; and the Developer posted <br />cash in the amount of $212,131.88 as security to guarantee completion and <br />entered into a Cash Deposit and Escrow Agreement For Final Lift of Asphalt; <br />and <br />WHEREAS, the developer has <br />1. requested an additional 2 -year extension to December 16, 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. PD -13 -10 -03 -FLA <br />(2001020101-77703) is extended to December 16, 2020. <br />127 <br />