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Lost lake warranty road and drainage <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-G ou nty-Go mmission er-s-for-the-recon-dation-of-the_final.s-budiMisi n 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 />FAAttorney\Naney\DOCS\PLANVost lakes maintenance.doc <br />APPROVED AS TO F RM <br />- - - ------AND-LE UFFI NC <br />1 <br />BY To <br />WILLIAM K. D BR <br />ASSISTANT COUNTY ATTORNEY <br />r <br />