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Per developer's request, Barnett Bank of the Treasure Coast has provided <br />the County with an acceptable amendment to its existing letter of credit, <br />extending the expiration date of the security posted under the original <br />Contract for Construction of Required Improvements, copy attached. <br />REQUESTED ACTION: <br />Approve the attached Modification to Contract for Construction of Required <br />Improvements No. SD -93-09-08-A to extend the completion date to July 31, <br />1995, and authorize the Chairman to execute same. <br />ON MOTION by Commissioner Eggert, SECONDED by <br />Commissioner Bird, the Board unanimously <br />approved the Modification to Contract with Oak <br />Point Corporation for Construction of Required <br />Improvements No. SD -93-09-08-A extending <br />completion dated to July 31, 1995. <br />COPY OF MODIFICATION TO CONTRACT IS <br />ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD <br />E. Release and Substitution of Conservation Easement - Lindsey Lanes <br />Subdivision <br />The Board reviewed a Memorandum of March 30, 1995: <br />TO: The Board of County Commissioners <br />FROM: ems/ William G. Collins II - Deputy County Attorney <br />DATE: March 30, 1995 <br />SUBJECT: Release and Substitution of Conservation Easement - Lindsey <br />Lanes Subdivision <br />On July 26, 1994 at its regular meeting, the Board of County Commissioners <br />approved the concept of creating a 3 -1 -acre - native upland "land bank", to be <br />utilized in future situations where circumstances within the Lindsey Lanes <br />Subdivision require the release of any platted conservation easements. <br />A request has been received to debit the land bank by 750 square feet and <br />for the release of the existing conservation easement on Lot 7, Block A, <br />Lindsey Lanes Subdivision, Phase I. <br />RECOMMENDATION: <br />Authorize the Chairman to execute the Release and Substitution of <br />Conservation Easement from Lot 7, Block A, Lindsey Lanes Subdivision, <br />Phase I to the land bank placed under conservation easement on August 5 <br />1994 and as recorded at O.R. Book 1030, Page 428, Public Records of Indian <br />River County. <br />7 6 <br />April 11, 1995 BOOK <br />J <br />