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give SERENOA the right to assume the management duties of SUNLAND under this section and any other management duties or rights accruing to SUNLAND under this Agreement, and upon such assumption SUNLAND will have been deemed to have given SERENOA such equivalent authorities as those originally granted by SERENOA to SUNLAND under this Agreement. 5 . COST OF CONSTRUCTION OF THE ROAD PROJECT. On behalf of both DEVELOPERS , SUNLAND shall seek bids from road construction contractors authorized to do business in Indian River County, Florida for the construction of the Road Project according to the Construction Plans . SUNLAND shall solicit a minimum of three (3 ) bids . The DEVELOPERS shall mutually agree upon the road contractor who is to be awarded the contract for the construction of the Road Project . SERENOA and SUNLAND agree to each pay fifty percent (50%) of the total construction cost of the Road Project . SUNLAND will invoice SERENOA at the end of every month which will be due on the 15th of the following month . 6 . HABITAT MITIGATION AND RESTORATION COSTS , The DEVELOPERS agree to undertake such habitat mitigation and restoration projects necessary to obtain development permits for the Road Project as set forth in the Construction Plans and other documents generated by regulatory agencies . On behalf of both DEVELOPERS , SUNLAND shall seek bids from contractors authorized to perform habitat mitigation and restoration in Indian River County, Florida for the construction of such habitat mitigation and restoration projects . SUNLAND shall solicit a minimum of three (3 ) bids . The DEVELOPERS shall mutually agree upon the contractor who is to be awarded the contract for the construction of such habitat mitigation and restoration projects . SUNLAND and SERENOA agree to each pay fifty percent ( 50%) of the total construction cost of these habitat mitigation and restoration projects , including, but not limited to , compliance costs, permitting costs , design costs , and construction costs . SUNLAND and SERENOA agree to each allow such habitat mitigation and restoration projects to be constructed on their individual properties , in such way as to incur the least overall cost to the DEVELOPERS , as set forth in the Construction Plans and other documents generated by regulatory agencies . Each Party may increase the amount of habitat mitigation and restoration on their individual property provided such Party pays for the increase in cost as a result of such increased habitat mitigation and restoration . Should the DEVELOPERS be required by any state or federal agencies to monitor, track, or maintain any of the habitat mitigation and restoration projects created in conjunction with this Agreement, SUNLAND and SERENOA agree to each pay fifty percent (50 %) of such costs for a period of five (5 ) years, after which each DEVELOPER agrees to pay one hundred percent ( 100%) of the costs of monitoring and maintenance of any habitat mitigation or restoration projects constructed on their individual properties . 7. STORMWATER AND DRAINAGE . SUNLAND and SERENOA agree that all stormwater from the Road Project will be diverted into individual storm water facilities as approved by the COUNTY on their respective individual properties . 8 . FINANCIAL ABILITY TO PERFORM OBLIGATIONS . Each DEVELOPER individually warrants that they are financially able to perform their obligations under this Agreement . Each DEVELOPER agrees to post a performance bond equal to 55 % of 3 of 9