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L4 ' (o-Z1 to�" 2 71 Lexington Place Subdivision - Phase l CONTRACT FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS NO . SD -04 -04-16 -CFCPHI (2002020162) THIS CONTRACT, made and entered into this I s day of k h , 2005 by and between SUNLAND DEVELOPMENT, INC ., a Florida corporation , hereinafter referred to as " Developer, " and INDIAN RIVER COUNTY, a political subdivision of the State of Florida , by and through its Board of County Commissioners , hereinafter referred to as "County WITNESSETH : WHEREAS , Developer is commencing. proceedings to effect a subdivision of land within Indian River County, Florida ; and WHEREAS , a final plat of the subdivision within the unincorporated area of Indian River County shall not be recorded until the Developer has installed the required improvements or has guaranteed to the satisfaction of the County that such improvements will be installed ; and WHEREAS , Developer requests the approval and recordation of a certain plat to be known as Lexington Place Subdivision - Phase 1 ; and WHEREAS , the required improvements are to be installed after recordation of this plat under guarantees posted with the County. NOW , THEREFORE , IN CONSIDERATION OF THE MUTUAL COVENANTS AND PROMISES HEREIN CONTAINED , the parties agree as follows : 1 . Developer agrees to construct on or before June 21 , 2006 , in a good and workmanlike manner, those improvements described as follows : See Exhibit "A" attached hereto or otherwise required by the Indian River County Code in connection with the approval of said plat. A copy of the plat shall be recorded in the Public Records of Indian River County, Florida upon the final approval of the Board of County Commissioners and made a part hereof for all purposes . 1 FAAttomey\Nancy\DOCSIPLANIk for con w Ioc Lexington place ph Ldoc