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Attorney Bruce Barkett, 756 Beachland Boulevard, expressed his appreciation for <br />the reception of the proposals and the timely consideration. . <br />Jeff Thompson, Seville Avenue, Vero Beach, was encouraged by how quickly the <br />Board had moved forward on this issue. He voiced concern on the second and third year of the <br />Maintenance Bond, feeling that they could be construed as an economic development issue. He <br />did not feel the Developer should have to hire an Engineer to write a letter requesting a reduction to <br />the Maintenance Bond from 25% to 5% he felt it should be automatic. He asked the Board to <br />"fine tune" these items, as they look at the big picture. <br />Chuck Mechling, 1999 Pointe West Drive, wanted to know if the "contractor <br />posting the first-year as a Maintenance Bond" concept would be incorporated into the Ordinance; <br />and suggested the warranty and guaranty period be reduced to one year, similar to that of Utilities. <br />Attorney Collins did not believe that it would be incorporated into the Ordinance; <br />and clarified that as of now, the Utilities warranty is for a period of one year, and the paving and <br />drainage warranty is for a period of three years. <br />Discussion ensued regarding the Ordinance; the LOC's called since the Ordinance <br />was created; a three-year warranty requirement to ensure roads are tested; and a one-year <br />renewable Bond which would be reevaluated annually. <br />Penny Chandler, Indian River Chamber of Commerce, expressed her appreciation <br />on behalf of the Chamber and business community, for the Board's partnership and individual <br />concerns, and for the immediacy in which they reacted to the County's economic concerns. <br />Joseph Paladin, President of Atlantic Coast Construction and Development, <br />indicated that his company had .experienced problems on sidewalk bonds over the past several <br />26 <br />February 10, 2009 <br />Mi 136 PG 797 <br />• <br />• <br />