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' Isles at Waterway Village PD — Plat to <br /> MODIFICATION TO <br /> CONTRACT FOR CONSTRUCTION OF REQUIRED SIDEWALK <br /> IMPROVEMENTS <br /> NO . PD -05-04-08(A)SIDE (2004010124-53689) <br /> THIS MODIFICATION , made and entered into this 7th day of October , <br /> 2008 , by and between DIVosta Homes , L. P . , a Delaware limited partnership , <br /> hereinafter referred to as "Developer" , and INDIAN RIVER COUNTY , a political <br /> subdivision of the State of Florida , by and through its Board of County <br /> Commissioners , hereinafter referred to as "County" . <br /> WITNESSETH : <br /> WHEREAS , Developer entered into a Contract for Construction of <br /> required Sidewalk Improvements No . PD-05-04=08 (A)SIDE (2004010124-53689) <br /> guaranteeing the completion of certain required sidewalk improvements on or <br /> before July 18 , 2008 and posted a SunTrust Bank letter of credit as security to <br /> guarantee completion , and <br /> WHEREAS , a portion of sidewalk improvements has been completed , and <br /> WHEREAS , the developer has <br /> (X ) requested an additional two-year extension to July 18 , 2010 to <br /> complete the remaining required sidewalk improvements , <br /> ( ) requested a substitution of security <br /> O requested a reduction in the amount of security necessary to <br /> complete the remaining sidewalks , and <br /> O provided an updated certified cost estimate attached as Exhibit "A" , <br /> NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL <br /> COVENANTS AND PROMISES HEREIN CONTAINED , the parties agree as <br /> follows: <br /> 1 . The date for completion of the required sidewalk improvements as <br /> outlined in the Contract for Construction of Required Sidewalk Improvements No . <br /> PD-05-04=08(A)SIDE (2004010124-53689) is extended to July 18 , 2010 . <br />