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contained in Exhibit "E . " <br /> Bids shall include Performance and Payment Bonds with the COUNTY being named an <br /> additional party covered by the Bonds . The cost of planning, design, permitting and construction of <br /> this section of 21 st Street SW shall be shared 50% by DEVELOPER and 50% by COUNTY. (except <br /> for the cost for planning, design and construction of the site specific turn lanes for Falcon Trace, <br /> which shall be the entire responsibility of DEVELOPER) Upon completion and acceptance of the <br /> road improvements, COUNTY shall pay DEVELOPER its 50% share of the cost of the improvement <br /> to DEVELOPER. (except site specific left turn lanes) . DEVELOPER shall provide a bill of sale to <br /> COUNTY for the improvements in this paragraph together with a one-year warranty covering said <br /> improvements . <br /> 7 . Construction of 20th Avenue SW from 17th Lane SW to 21st Street SW. 20th Avenue <br /> SW from 17th Lane SW to 21st Street SW is currently a one-half paved street . Prior to the issuance <br /> of the first Certificate of Occupancy for Phase H of Falcon Trace, DEVELOPER shall plan, design, <br /> obtain permits for and construct an expansion of existing 20th Avenue SW from 17th Lane SW to <br /> 21st Street SW from a one-half paved street to a two -lane 24 ' wide roadway in accordance with <br /> FDOT Green Book Specifications . The estimated cost of this one-half mile frontage is $266, 579 . 20 <br /> excluding right-of-way acquisition. The total Project Cost Estimate is tabulated in Exhibit "F . " The <br /> DEVELOPER shall provide the COUNTY with plans and specifications for the roadway <br /> improvements for review and approval . Once the DEVELOPER has amended the plans in <br /> conformance with COUNTY comments , the COUNTY shall approve all design plans, permit <br /> applications , and contract documents prior to construction. DEVELOPER shall contract with only <br /> licensed, insured contractors for construction of this improvement . All contracts shall include <br /> Performance and Payment Bonds that shall name the County as an additional party covered by the <br /> Bonds . The DEVELOPER shall pay 100% of the cost of planning, design, permitting and <br /> construction of this section of 20th Avenue SW . DEVELOPER shall provide a bill of sale to <br /> COUNTY for the improvements in this paragraph together with a one-year warranty covering said <br /> improvements . <br /> 8 . Construction of 20th Avenue SW from 21st Street SW to 25th Street SW. 20th <br /> Avenue SW from 21 st Street SW to 25th Street SW is currently a one-half paved street . Prior to the <br /> issuance of the Certificate of Completion of the Land Development Permit for Phase III of Falcon <br /> Trace , COUNTY shall plan, design and obtain permits for and construct an expansion of existing <br /> 4 <br /> H :\Falcon Trace\-Falcon Trace dev-Agr5 .doc <br />