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ILiECOPY <br />ERTIFICATION ON LAST PAGE <br />I R SMITH CLERK <br />2. The $60,456.25 irrevocable letter of credit on deposit for the <br />guaranty for the final lift of asphalt may be reduced to $51,231.25 which amount <br />represents 125% of the cost of the final lift of asphalt to be completed as <br />evidenced by developer's engineer's certified cost estimate as approved by <br />County engineering, attached as Exhibit "A"; and the letter of credit posted to <br />guarantee the installation of the final lift of asphalt is to be extended 90 days <br />beyond the newly extended date (June 12, 2017). <br />3. The extension fee in the amount of $660.00 established by <br />Resolution No. 2005-041 and pursuant to Section 913.10(1)(G) of the Indian <br />River County Code shall be paid immediately upon approval of this modification. <br />4. All other terms set out in the Contract for Construction for Final Lift <br />of Asphalt (Contract No. SD -04 -10 -46 -FLA) remain in full force and effect. <br />IN WITNESS WHEREOF, the parties hereto have set their hands and <br />seals on the day and year first above written. <br />ATTEST: Jeffrey R. Smith, Clerk <br />of C• •4nd Comptr <br />Bv: <br />Deputy <br />CENTEX HOMES, a Nevada general <br />partnership DEVELOPER <br />By: CENTEX REAL ESTATE <br />HOLDINGS, L.P., a Delaware <br />limited partnership, Partner <br />By: CENTEX REAL ESTATE <br />CORPORATION a Nevada <br />Corpor io nerrtner <br />By. <br />Hasty <br />Director — Land I'" opment <br />(South Florida) <br />Authority: Signing Power Resolutions <br />Adopted 9/10/09 <br />INDIAN RIVER COUNTY, FLORIDA <br />by and through its Board of County .075iioriE/ S <br />Commissioners ,emo:••• . ..' <br />•,.ar vy <br />I=i4., <br />By:to <br />_ ;, <br />.."-(:4:6./.41.C:: <br />2 <br />Wesley S. Davis, Chairman <br />BCC approved: 311 0 / 1 5 <br />APPROVED AS TO FORM <br />AND SUF5#CI <br />BY <br />WILLIAM K. DECAAAL <br />DEPUTY COUNTY ATTORNEY <br />