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2022-132A
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2022-132A
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Last modified
9/13/2022 12:03:35 PM
Creation date
9/13/2022 11:36:01 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
07/12/2022
Control Number
2022-132A
Agenda Item Number
12.G.1.
Entity Name
C.W. Roberts Contracting, Inc
Subject
Indian River Blvd Resurfacing from 53rd Street to the Merrill Barber Bridge
FDOT FM 441919-1-54-01
Project Number
IRC-1707
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3/25122, 9:42 AM <br />road -20210930 <br />Prior to its acquisition by the Company, a current subsidiary of the Company advanced funds to an entity owned by an immediate <br />family member of an officer of the Company in connection with a land development project. The obligations of the borrower entity to <br />repay the advances were guaranteed by a separate entity owned by the same family member of the officer. Amounts outstanding under <br />the advances did not bear interest and matured in full in March 2021. In March 2021, the subsidiary of the Company amended and <br />restated the terms of the repayment obligation, as a result of which the officer personally assumed the remaining balance of the <br />67 <br />https:/Awm.sec.gov/Archivesiedgar/data/0001718227/000171822721000107/road-20210930.htm 118/144 <br />
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