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2005-185
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2005-185
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Last modified
7/20/2016 1:28:03 PM
Creation date
9/30/2015 8:48:35 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
05/24/2005
Control Number
2005-185
Agenda Item Number
11.I.5
Entity Name
Vero Enterprises, LLC
Subject
Developer's Agreement Echo Lake
Area
43rd Ave. north of 21st. SW
Project Number
PD-04-0303
Supplemental fields
SmeadsoftID
4964
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contractor. The COUNTY' S reimbursement of a portion of the constructiox costs to the <br /> DEVELOPER shall be conditioned upon the approval of all project costs by the County' s <br /> Public Works Director. Bid proposals and engineering costs related to the ark <br /> described herein shall be subject to prior approval by County ' s Public Works Director, <br /> The DEVELOPER shall not commence work unless the County' s Public Works Director <br /> provides written approval of the final construction cost and the final project cost. The <br /> COUNTY may require redesign and/or re-bid if, in the COUNTY' S sole dis retion, <br /> project casts significantly exceed reasonable costs. Bias shall include Perfo ance and <br /> Payment Bonds with the COUNTY being named an additional party covered by the <br /> Bonds. The bid price of the selected bid shall be deemed to be the "Fixed C ntract Price" <br /> for the purpose of this Agreement. <br /> The COUNTY shall reimburse Developer for 33 1 /3 % of the Fixed Contract price <br /> for the bridge (A). <br /> The COUNTY shall reimburse DEVELOPER for 100% of the cost of the <br /> eastbound left-turn lane along 21St Street SW at 35 b Avenue SW (D) and the westbound <br /> left-turn lane along 21St Street SW at 43rd Avenue SW (B). <br /> The DEVELOPER shall pay 100% of the costs of the eastbound leftwturn lane <br /> along 21 " Street SW at, the project entrance (C) and the southbound left-turn lane along <br /> 43rd Avenue at 21 " Street SW (E) . <br /> If the actual construction costs exceed the Fixed Contract Price, DEV ELOPER <br /> and COUNTY agree that COUNTY shall not be obligated to reimburse DEvELOPER <br /> any amounts corresponding to the excess costs over the Fixed Contract Price COUNTY <br /> agrees to reimburse the County' s share of the Fixed Contract Price to DEVELOPER in <br /> monthly installments as follows : DEVELOPER presents COUNTY with an invoice, <br /> approved by DEVELOPER, from the Engineer, contractor or other third party performing <br /> the design and construction work. All requests for payment under this agreement shall be <br /> governed by the Florida Prompt Payment Act, FS 218 . 70 et. seq. Upon completion and <br /> acceptance of the road improvements, DEVELOPER shall provide a bill of sale to <br /> COUNTY for the improvements in this paragraph together with a one-year warranty <br /> covering said improvements . <br /> 3 . The County' s Thoroughfare Plan classifies 21St Street SW as a rural major c llector <br /> roadway requiring 80 feet of ultimate right-of--way. The existing right-of-way width for <br /> . 3 <br /> FAPublic WorksMmP\Agmement Docs0evelopees AgreementsTebo Lake-Dev Agr.doc <br />
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