2005-079 - Laserfiche WebLink

Home Browse Search

Arbor Trace - Phase II - P.D. MODIFICATION TO CONTRACT FOR CONSTRUCTION OF REQUIRED SIDEWALK IMPROVEMENTS NO. PD-99-09-13PH2-CFCSIDE (98090107) THIS MODIFICATION, made and entered into this 24th day of Mdrrh 2005, by and between Arbor Trace Development, Inc., a Florida corporation, hereinafter referred to as "Developer", and INDIAN RIVER COUNTY, a political subdivision of the State of Florida, by and throug its Board of County Commissioners, hereinafter referred to as "County". WITNESSETH: WHEREAS, Developer entered into a Contract for Construction of Required Sidewalk Improvements No. PD-99-09-13PH2-CFCSIDE ( 8090107) guaranteeing the completion of certain required sidewalk improvements and posted a letter of credit for the required amount; and WHEREAS, the required sidewalk improvements are not completed; and WHEREAS, the Indian River County Code requires the developer to construct required sidewalk improvements, within two years from the date of final plat approval with the ability to extend the contract for construction arid posted security beyond the initial two year period at a rate of two years for every eight project lots, but for no longer than ten years; and WHEREAS, the final plat for Arbor Trace - Phase II - P.D. was approved by the Board of County Commissioners of Indian River County on ugust 6, 2002; and WHEREAS, the Developer wishes to extend the contract date it complete the remaining required sidewalk improvements in Phase II to 2006 which is within the code requirement; and WHEREAS, adequate security is currently in place, NOW, THEREFORE, IN CONSIDERATION OF THE COVENANTS AND PROMISES HEREIN CONTAINED, the parties follows: 1. The date for completion of the required sidewalk improve outlined in the Contract for Construction of Required Sidewalk Improver PD-99-09-13PH2-CFCSIDE (98090107) is extended to August 6, 2006, which to kugust 6. UTUAL gree as as No.