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The Oaks of Vero — P.D., Phase 1 <br /> PLANUGAWWGCM=) <br /> corporate, for use with <br /> letter of credit <br /> CONTRACT FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS <br /> NO . PD -01 -06 -15 -CFC (2000100085=34449) <br /> THIS CONTRACT , made and entered into this 5th day of <br /> August , 2003 by and between SDG KINGS , INC . , a Florida corporation , <br /> hereinafter referred to as " Developer, " and INDIAN RIVER COUNTY , a political <br /> subdivision of the State of Florida , by and through its Board of County Commissioners , <br /> hereinafter referred to as "County" . <br /> WITNESSETH : <br /> WHEREAS , Developer is commencing proceedings to effect a subdivision <br /> of land within Indian River County, Florida ; and <br /> WHEREAS , a final plat of the subdivision within the unincorporated area <br /> of Indian River County shall not be recorded until the Developer has installed the <br /> required improvements or has guaranteed to the satisfaction of the County that such <br /> improvements will be installed ; and <br /> WHEREAS , Developer requests the approval and recordation of a certain <br /> plat to be known as The Oaks of Vero — P . D . , Phase 1 ; and <br /> WHEREAS , the required improvements are to be installed after <br /> recordation of this plat under guarantees posted with the County. <br /> NOW , THEREFORE , IN CONSIDERATION OF THE MUTUAL <br /> COVENANTS AND PROMISES HEREIN CONTAINED , the parties agree as follows : <br /> 1 . Developer agrees to construct on or before <br /> January 1 . 2004 , in a good and workmanlike manner, those <br /> improvements described as follows : <br /> See Exhibit "A" attached hereto <br /> 1 <br /> F : \Attorney\Nancy\ DOCS \ PLAN\ k for con w loc the oaks of vero . doc <br />