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2000-227
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2000-227
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Last modified
4/26/2024 1:29:51 PM
Creation date
4/26/2024 1:29:26 PM
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Template:
Official Documents
Official Document Type
Contract
Approved Date
08/01/2000
Control Number
2000-227
Agenda Item Number
7.G.
Entity Name
Naimisha Construction, Inc.
Subject
Contract for Construction of Required Improvements and Performance Bonds
at Woods of Vero Beach Development
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+0 <br />40 <br />guarantor or surety under this paragraph exceed the total amount of the original <br />obligation stated in the guaranty or surety instrument, less any approved reductions <br />thereto. <br />7. The parties agree that the County at its option shall have the right, but <br />not the obligation, to construct and install or, pursuant to receipt of competitive bids, <br />cause to be constructed and installed the required improvements in the event <br />Developer shall fail or refuse to do so in accordance with the terms of this contract. <br />Developer expressly agrees that the County may dernand and draw upon the existing <br />guaranty or surety for the final total cost of the improvements. Developer shall remain <br />wholly liable for any resulting deficiency, should the guaranty or surety be exhausted <br />prior to completion of the required improvements. In no event shall the County be <br />obligated to expend public funds, or any funds other than those provided by the <br />Developer, the guarantor, or surety, to construct the required improvements. <br />S. Any guaranty or surety provided to the County by Developer with <br />respect to this contract shall exist solely for the use and benefit of the County and shall <br />not be construed or intended in any way, expressly or impliedly, to benefit or secure <br />payment to any subcontractor, laborer, materialman or other party providing labor, <br />material, supplies, or services for construction of the required improvements, or to <br />benefit any lot purchaser(s), unless the County shall agree otherwise in writing. <br />9. This agreement is the full and complete understanding of the <br />parties and shall not be construed or amplified by reference to any other agreement, <br />discussion, or understanding, whether written or oral, except as specifically mentioned <br />herein. This agreement shall not be assigned without the express written approval of <br />the County. Any amendment, deletion, modification, extension, or revision hereof or <br />hereto shall be in writing, executed by authorized representatives of both parties. <br />IN WITNESS WHEREOF, the parties hereto have set their hands and <br />seals on the day and year first above written. <br />WITNESSES: <br />L <br />signature- L c <br />printed name: <br />signature: <br />printed name: r i h P� <br />Naimisha Construction, Inc„ <br />a Florida corporation <br />printed name ritAASOrr <br />title liece P �_ <br />- DEVELOPER <br />
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