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Lost lake warranty road and drainage <br /> r <br /> WARRANTY AND GUARANTY AGREEMENT, <br /> AND BILL OF SALE FOR REQUIRED IMPROVEMENTS <br /> CONTRACT NO . SD =05=08 -39 -W&G (2003080256-53385) <br /> WHEREAS , the undersigned Developer has obtained approval by the <br /> - --- - - --Board - of-Gounty-Gommission er-s-for-the-recon-dation-of-the_final.su.IzdiMision plat for a <br /> project known as Lost Lake , pursuant to the Indian River County Subdivision and <br /> Platting Ordinance ; and <br /> WHEREAS , Developer has constructed certain required improvements as <br /> defined by , and in accordance with 'the requirements of said ordinance , all as described <br /> and evidenced in the various drawings and plans supporting the issuance of the Land <br /> Development Permit , together with the as built plans , test results , and certificate Of <br /> completion of the Developer's engineer; and <br /> WHEREAS , Developer desires to transfer all its right , title. and interest to <br /> the County in and to all those improvements constructed within publicly dedicated lands <br /> of said project, free and clear of encumbrances , together with the assignment of all <br /> existing warranties and Developer's agreement to cause to be repaired defects in <br /> workmanship and materials in both public and private road and drainage <br /> improvements , as required by ordinance , and as stated herein below . <br /> WITNESSETH : <br /> That for and in consideration of the sum of ONE DOLLAR ($ 1 . 00 ) and <br /> other good and valuable consideration , the receipt of which is hereby acknowledged , <br /> Developer, on behalf of itself and all successors and assigns, does hereby: <br /> 1 . Represent unto Indian River County, a political subdivision of the <br /> State of Florida, that the required improvements in said project have been constructed <br /> and installed as required by the ordinance , in the manner described above ; and <br /> specifically consist of: <br /> See Exhibit "A ' attached hereto <br /> 2 . Agree that, should the required improvements fail or otherwise <br /> become defective during a period of three years from the date of Certificate of <br /> Completion of said required improvements , due to defective materials or workmanship , <br /> the Developer shall upon each occasion , be responsible in all respects for such failure <br /> or defect . Developer shall immediately , within 20 days of written notice by the County , <br /> cause correction of such failure or defect to begin at Developer' s sole cost and expense <br /> and bring them into compliance with the requirements of the applicable ordinance (s ) , <br /> and <br /> APPROVED AS TO F RM <br /> _ — <br /> AND-LE UFFI Nc <br /> FAAttomey\Naney\DOCS\PLANVost lakes maintenance.doc K . D B <br /> BY WILhIAM R Ad <br /> ASSISTANT COUNTY ATTORNEY <br />