Laserfiche WebLink
RESOLUTION NO , 2005w 081 <br /> A RESOLUTION OF THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, <br /> FLORIDA, DECLARING DEFAULT BY AMELIA <br /> PLANTATION GROUP , L . L . C . INC . IN ITS <br /> OBLIGATION TO COMPLETE REQUIRED <br /> IMPROVEMENTS TO AMELIA PLANTATION , AND <br /> AUTHORIZING STAFF TO MAKE SIGHT DRAFT <br /> AGAINST HARBOR FEDERAL SAVINGS BANK <br /> IRREVOCABLE LETTER OF CREDIT NO . 390 <br /> DATED JUNE 1 , 2004, AS AMENDED. <br /> WHEREAS , on April 27 , 2004 Amelia Plantation Group , L . L . C . , a Florida <br /> limited liability company entered into a Contract for Construction of Required <br /> Improvements No . SD-03-08m= FC (2000070058-38955 ) , relating to Amelia <br /> Plantation ; and <br /> WHEREAS , that agreement required all subdivision improvements to be <br /> constructed on or before February 28 , 2005 ; and <br /> WHEREAS , that agreement to construct required subdivision <br /> improvements has not been complied with ; and <br /> WHEREAS , in order to guarantee performance of the contract, the <br /> developer provided Harbor Federal Savings Bank Irrevocable Letter of Credit No . <br /> 390 dated June 1 , 2004 in the amount of <br /> $ 924 , 101 . 31 , as amended in August , 2004 and again in January, 2005 , with the <br /> remaining amount being $425 , 883 . 51 . <br /> NOW, THEREFORE , BE IT RESOLVED BY THE BOARD OF COUNTY <br /> COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA: <br /> 1 <br /> FAAttorney\Nancy\DOCS\RES\Reso calling amelia plantation .doc <br />