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Satisfactory completion in accordance with the land development permit, plans, specifications, and ordinance requirements of Indian River County shall be determined by the County and shall be indicated by specific written approval of the Public Works Director or his designated representative, after receipt of a signed and sealed Certificate of Completion from the . p project eng neer of record. Once the requ rid ir�aaroernen#s aye camp kat to -the saf�sfactwn of:.:G��r�t)r neve{oiler y� r� �_ j eveloper �s res a ons o to f r p e sfmg a '1 yeer; warran drayage Irrapfovemeuits,as w)ell asIutifjty=facil ties f appi�a-b e, it t#�e a warran a teernen n3ra6ttfor Consttciori toable :1 year Warm appfopriaa Wa fl tlsp . p' r`etea"sed u 4-06 tic; os� of's�g are 46- cg . 6. In the event the Developer shall fail or neglect to fulfill its obligations under this contract and as required by the Indian River County Code, the Developer, as pnncipal and the posted secunty shall be liable to pay for the cost of construction and installment of the required improvements to the final total cost, including but not limited to engineering, construction, legal. and contingent costs, including reasonable attomey's fees incurred by the County, together with any damages, either direct or consequential, which the County may sustain as a result of the failure of Developer to carry out and execute all provisions of this contract and applicable ordinances of the County 7.. The parties agree that the County at its option shall have the right, but not the obligation, to construct and install or, pursuant to receipt of competitive bids, cause to be constructed and installed the required improvements in the event Developer shall fail or refuse to do so in accordance with -the terms of this contract. Developer expressly agrees that the County may demand and draw upon the posted security for the final total cost of the improvements as well as the cost for the warranty.. Developer shall remain wholly liable for any resulting deficiency, should the posted security be exhausted prior to completion of the required improvements and warranty In no .event shall the County be obligated to expend public funds, or any fund other than those provided by the Developer to construct and warranty the required improvements. ®eateli5per ion to bounty G o uii's coptractors -/ iatad3,°rs to g0; on it :prop kt�or�n as pra mosed L utz Z7 Av is ; +er a p�yao o e .;of conipletir the re'gt rred it p.tr veli r tslf arty rti• on'a` 8: Any posted security provided to the County by Developer with respect to this contract shall exist solely for the use and benefit of the County and shall not be construed or intended in any way, expressly or impliedly, to benefit or secure payment 71