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�. obi) <br /> corporate, for use with Z � o <br /> letter of credit <br /> CONTRACT FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS <br /> NO . PD =02 =03 =05CFC (95060039 =29329 ) <br /> THIS CONTRACT , made and entered into this 9th day of <br /> March , 2004 by and between Kennedy Groves , Inc . , a Florida corporation , <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 Commissioners , <br /> hereinafter referred to as "County" . <br /> WITNESSETH : <br /> WHEREAS , Developer is commencing proceedings to effect a subdivision <br /> of land within Indian River County, Florida ; and <br /> WHEREAS , a final plat of the subdivision within the unincorporated area <br /> of Indian River County shall not be recorded until the Developer has installed the <br /> required improvements or has guaranteed to the satisfaction of the County that such <br /> improvements will be installed ; and <br /> WHEREAS , Developer requests the approval and recordation of a certain <br /> plat to be known as Old Orchid — Phase 4 — P . D . ; and <br /> WHEREAS , the required improvements are to be installed after <br /> recordation of this plat under guarantees posted with the County . <br /> NOW , THEREFORE , IN CONSIDERATION OF THE MUTUAL <br /> COVENANTS AND PROMISES HEREIN CONTAINED , the parties agree as follows : <br /> 1 . Developer agrees to construct on or before March 9 , 2005 , in a <br /> good and workmanlike manner, those improvements described as follows : <br /> See Exhibit "A" attached hereto <br /> or otherwise required by the Indian River County Code in connection with the approval <br /> of said plat . A copy of the plat shall be recorded in the Public Records of Indian River <br /> County , Florida upon the final approval of the Board of County Commissioners and <br /> made a part hereof for all purposes . <br /> 1 <br /> F:\attorney\nancy\DOCS\PLAN\k for con w loc old orchid4.doc <br />