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10/05/2021 (3)
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10/05/2021 (3)
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5/31/2022 2:30:46 PM
Creation date
5/31/2022 2:11:26 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
10/05/2021
Meeting Body
Board of County Commissioners
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3. Prior to November 30, 2021, the $96,775.00 Wells Fargo Bank N.A. <br />Irrevocable Standby Letter of Credit No. IS000096012U is required to be amended (1) <br />to increase the amount to $139,630.75, (2) to extend its final expiration to November <br />30, 2023, and (3) to reference the Contract for Construction for Final Lift of Asphalt as <br />being modified, otherwise this Modification is null and void. <br />4. The extension fee in the amount of $660.00 established by Resolution No. <br />2005-041 and pursuant to Section 913.10(1)(G) of the Indian River County Code has <br />been paid. <br />5. All other terms set out in the Contract for Construction for Final Lift of <br />Asphalt, Contract No. PD -13 -03 -03 -FLA (2004010124-86812) remain in full force and <br />effect. <br />IN WITNESS WHEREOF, the parties hereto have set their hands and seals on <br />the day and year first above written. <br />DIVOSTA HOMES, L.P., a Delaware limited <br />partnership <br />By DIVOSTA HOMES HOLDINGS, LLC, a <br />Delaware limited liability company, its <br />General Partner <br />Developer <br />INDIAN RIVER COUNTY, FLORIDA <br />by and through its Board of County <br />Commissioners <br />ATTEST: Jeffrey R. Smith, Clerk <br />of Court and Comptroller By: <br />Joseph E. Flescher, Chairman <br />Deputy Clerk BCC approved: <br />Approved as to form <br />and legal sufficiency: <br />By: <br />William K. DeBraal <br />Deputy County Attorney <br />
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