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The Reserve At Grand Harbor PD Phase 1, Plat 33 A TRUE COPY CERTIFICATION ON LAST PAGE J.R. SMITH, CLERK THIRD MODIFICATION TO CONTRACT FOR CONSTRUCTION FOR FINAL LIFT OF ASPHALT CONTRACT NO. PD -13 -10 -03 -FLA (2001020101-77703) THIS THIRD MODIFICATION, made and entered into this 20th day of December, 2022, by and between GH VERO BEACH DEVELOPMENT LLC, a Delaware limited liability company, hereinafter referred to as "Developer", and INDIAN RIVER COUNTY, a political subdivision of the State of Florida, by and through its Board of County Commissioners, hereinafter referred to as "County". WITNESSETH: WHEREAS, Developer entered into a Contract for Construction for Final Lift of Asphalt, Contract No. PD -13 -10 -03 -FLA (2001020101-77703), guaranteeing the installation of the final lift of asphalt the earlier of 2 years from the project's projected date of Certificate of Completion (December 16, 2016) or 60 days prior to turnover to homeowner association or prior to certificate of occupancy for the last residence in this phase of the subdivision; and the Developer posted cash in the amount of $212,131.88 as security to guarantee completion and entered into a Cash Deposit and Escrow Agreement For Final Lift of Asphalt; and WHEREAS, in December, 2018, Developer was granted an additional 2 -year extension to install the final lift of asphalt and entered into a Modification to Contract for Construction for Final Lift of Asphalt, extending the expiration date to December 16, 2020, with the existing cash security continuing to be held to guarantee completion; and WHEREAS, in April, 2021, Developer was granted a Third 2 -year extension to install the final lift of asphalt and entered into a Modification to Contract for Construction for Final Lift of Asphalt, extending the expiration date to December 16, 2022, with the existing cash security continuing to be held to guarantee completion; and WHEREAS, the developer has requested a third 2 -year extension to December 16, 2024 to install the final lift of asphalt, as allowed by code; 2. provided an updated certified cost estimate attached as Exhibit "A" which amount has been approved by County engineering and did change from the initial cost estimate; and 3. increased the initial cost estimate of $212,131.88 to $317,263.50; and 4. provided a map depicting the location of where the final lift of asphalt is to be laid, attached as Exhibit "B". 5. . paid the required $660.00 extension fee request to County.