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710 <br /> 0 <br /> SECOND MODIFICATION TO <br /> CONTRACT FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS <br /> NO . SD -00 -06 -07 -CFC (93050013 -26511 ) <br /> THIS SECOND MODIFICATION , made and entered into this 5th day of <br /> August 2003 , by and between Chase Meadows , L . L . C . , a Florida <br /> limited liability company, hereinafter referred to as " Developer ' , and INDIAN <br /> RIVER COUNTY, a political subdivision of the State of Florida , by and through its <br /> Board of County Commissioners , hereinafter referred to as "County" . <br /> WITNESSETH : <br /> WHEREAS , on May 15 , 2001 Developer entered into a Contract for <br /> Construction of Required Improvements No . SD-00-06-07-CFC (93050013- <br /> 26511 ) guaranteeing the completion of certain required improvements on or <br /> before May 8 , 2002 within the Chase Meadows Subdivision ; and <br /> WHEREAS , on April 2 , 2002 the Board of County Commissioners <br /> approved a Modification to Contract for Construction of Required Improvements <br /> No . SD -00-06-07-CFC (93050013-26511 ) extending the time for completion of <br /> the internal sidewalks , the only remaining improvement yet to be constructed . <br /> WHEREAS , the Indian River County Code allows the developer to delay <br /> construction of required sidewalk improvements along local roadways for a <br /> period of two years beyond the final plat approval date , with the ability to further <br /> extend the contract for construction and posted security beyond the initial 2 -year <br /> period at a rate of two years for every eight project lots which received final plat <br /> approval upon approval of both the Public Works Director and the Community <br /> Development Director. However at no time may a contract for construction be <br /> extended beyond ten years following final plat approval ; and <br /> WHEREAS , Developer wishes to extend the date in which to complete the <br /> required internal sidewalk improvements to May 14 , 2004 ; and <br /> WHEREAS , the Developer wishes to extend the security now in place , <br /> NOW, THEREFORE , IN CONSIDERATION OF THE MUTUAL <br /> COVENANTS AND PROMISES HEREIN CONTAINED , the parties agree as <br /> follows : <br /> 1 . The date for completion of the remaining required internal sidewalk <br /> improvements as outlined in the Contract for Construction of Required <br /> Improvements No . SD-00-06-07-CFC (93050013-26511 ) and Modification is <br /> extended to May 14 , 2004 . <br /> 1 <br /> F:Wttomey\Nancy\D0CS\PLAN\2nd modification to k chase meadows.doc <br />