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WARRANTY AND GUARANTY AGREEMfziNT , <br /> AND BILL OF SALE FOR REQUIRED IMPROVEMENTS <br /> CONTRACT NO . SD -04 .09 -39 •W &G (2003070038 -46952) <br /> WHEREAS , the undersigned Developer has obtained approval by the <br /> Board of County Commissioners for the recordation of the final subdivision plat for a <br /> project known as Verona Trace Subdivision and the Villas at Verona Trace , <br /> pursuant to the Indian River County Subdivision and Platting Ordinance ; and <br /> WHEREAS , Developer has constructed certain required improvements as <br /> defined by , and in accordance with the requirements of said ordinance , ail 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 prcject , fres and clear of e �icumurances , together with the assignment of all <br /> existing warranties and Deveioper s agreement to ca ;: se 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 Burn of ONE DOLLAR ( $ 1 . 00 ) and <br /> cthsr gocd and valuable consideration , the receipt of Yvhich is herei.� y ack. c�wledgcd , <br /> Developer , on behalf of itself and all successors and assigns , rices 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 /> F:\Attomey\Naiie4y\QOCS\PL,P%N\veroiia maint r&d .doc <br />