8/17/2016 11:04:46 AM
9/30/2015 9:28:44 PM
Official Document Type
Agenda Item Number
Contract required sidewalk improvements
Quail Creek Subdivision
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ASSIGNMENT OF ? �� <br /> CONTRACT FOR CONSTRUCTION OF REQUIRED ' <br /> SIDEWALK IMPROVEMENTS <br /> No . PD - 0447- 12 - SIDE (200402019648349) <br /> WHEREAS , on September 6 , 2005 , Regent Group , LLC, a Florida limited liability <br /> company entered into Contract for Construction of Required Improvements No . PD -04-07 - 12 - <br /> SIDE (2004020196-48349) , copy attached, with Indian River County in connection with <br /> property platted as Quail Creek PD ; and <br /> WHEREAS , Regent Group , LLC wishes to transfer and assign its interest in the <br /> property to SLM Investments, LLC, . a Florida limited liability company, and SLM <br /> Investments, LLC wishes to assume the obligations under said Contract for Construction of <br /> Required Sidewalk Improvements ; and <br /> WHEREAS , under paragraph 10 of said Contract for Construction of Required <br /> Sidewalk Improvements , the agreement shall not be assigned without the express written <br /> approval of the County, <br /> NOW, THEREFORE , the parties agree to the assignment of Contract for <br /> Construction of Required Sidewalk Improvements No . PD- 04-07- 12- SIDE (2004020196- <br /> 48349) provided, however, that the Harbor Federal Savings Bank Irrevocable Letter of Credit <br /> No . 447 in the amount of $ 145 , 512 . 50 currently in place to guarantee completion of the <br /> required sidewalk improvements be replaced with a letter of credit for the same amount by <br /> SLM Investments , LLC , <br /> ASSIGNOR: ASSIGNEE : <br /> REGE T GROUP , LLC . SLM INVEST NTS , <br /> By: . LMZMJ By: <br /> Ra Lond E . Gent, Manager 'Stanley Markop <br /> Managing Wmb <br /> CONSENT TO ASSIGNMENT <br /> INDIAN RIVER COUNTY, FLORIDA <br /> BCC approved: December 13 , 2005 By: <br /> Thomas S . Lowther, Chairman <br /> Attest : Jeffrey K. Barton <br /> APPROVED AS TO FORM �rk of Court <br /> AND LEG ALSUFFIC 04Y <br /> -- - <br /> xl`• <br /> my <br /> WILLIAM 4. COLLINS $ Deputy Clerk <br /> COUNTY AT'T'ORNEY <br />
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