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William K. DeBraaL County Attorney <br />Susan J. Prado, Deputy County Attorney <br />AGENDA: 9/12/2023 <br />INFORMATIONAL ITEM <br />Office of <br />INDIAN RIVER COUNTY <br />ATTORNEY <br />�1 T�1�IT���7_�►��11�1�1 <br />TO: Board of County Commissioners <br />THROUGH: John A. Titkanich, Jr. <br />FROM: William K. DeBraal — County Attorney <br />DATE: September 6, 2023 <br />SUBJECT: Notice of Extension to Contract for Construction of Required Roadway <br />Improvements (Re: Right -Of -Way Permit No. 2022031447) — Old Dixie <br />Highway Roadway Improvements <br />By Resolution No. 2019-089 adopted on October 1, 2019, the Board of County <br />Commissioners delegated to the County Administrator or his designee, the authority to <br />execute extensions to Contracts for Construction of Required Roadway Improvements <br />for work to be performed under Section 312.11 of the Code of Indian River County, so <br />long as the approval signature of the Public Works Director appeared on the extension <br />document and that notice of such extension is presented as an informational item on a <br />future agenda of the Board of County Commissioners. <br />For your information, an extension document has been entered into between SPIRIT OF <br />SEBASTIAN, LLC and Indian River County, whereby the date for completion of the <br />roadway improvements to Old Dixie Highway has been extended to March 30, 2024. <br />Additionally, the supporting security consisting of an iThink Financial Irrevocable Letter <br />of Credit No. 60 in the amount of $156,555.25 has been amended to extend the <br />expiration date to June 30, 2025. (The letter of credit runs an additional 15 months <br />beyond the extended completion date to provide for the 1 -year warranty after <br />construction has been completed.) <br />INa <br />12 <br />