HomeMy WebLinkAbout2004-191 ire' f7- o ff
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corporate, for use with
letter of credit
CONTRACT FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS
NO . SD -02 -09 -17 -CFC (2002050041 )
THIS CONTRACT , made and entered into this 17th day of
August , 2004 by and between Pine Grove of Vero Beach , L . L . C . , a Florida
limited liability company , hereinafter referred to as " Developer, " and INDIAN RIVER
COUNTY , a political subdivision of the State of Florida , by and through its Board of
County Commissioners , hereinafter referred to as "County" .
WITNESSETH :
WHEREAS , Developer is commencing proceedings to effect a subdivision
of land within Indian River County , Florida ; and
WHEREAS , a final plat of the subdivision within the unincorporated area
of Indian River County shall not be recorded until the Developer has installed the
required improvements or has guaranteed to the satisfaction of the County that such
improvements will be installed ; and
WHEREAS , Developer requests the approval and recordation of a certain
plat to be known as Pine Grove Subdivision ; and
WHEREAS , the required improvements are to be installed after
recordation of this plat under guarantees posted with the County .
NOW , THEREFORE , IN CONSIDERATION OF THE MUTUAL
COVENANTS AND PROMISES HEREIN CONTAINED , the parties agree as follows :
1 . Developer agrees to construct on or before
August 10 , 2005 in a good and workmanlike manner, those
improvements described as follows :
See Exhibit " A" attached hereto
or otherwise required by the Indian River County Code in connection with the approval
of said plat . A copy of the plat shall be recorded in the Public Records of Indian River
County , Florida upon the final approval of the Board of County Commissioners and
made a part hereof for all purposes .
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2 . Developer agrees to construct said improvements strictly in
accordance with the land development permit , the most recent set of plans and
specifications for this subdivision approved by the County and on file in the Planning
and Development Division , and all County development regulations and standards ,
including conditions and requirements of any applicable County right-of-way permit , all
of which are hereby incorporated by reference and made a part hereof.
3 . In order to guarantee performance of this contract , Developer shall
simultaneously herewith furnish an irrevocable letter of credit , having an expiration date
of not less than ninety (90 ) days beyond the date set forth in Paragraph 1 , provided by
a banking institution authorized to transact such business in this state , in a form to be
approved by the County , naming Developer as customer and
Harhnr Federal , as the
underwriting bank , in the amount of $ 118 , 185 . 50 , which amount is not less than
one hundred fifteen percent ( 115 % ) of the estimated total cost of improvements
remaining to be constructed , as determined in accordance with the County's
Subdivision and Platting Ordinance . It is understood that the full amount of the letter of
credit shall remain available to the County and shall not be reduced during the course
of construction unless approved in writing by the County' s Public Works Director
pursuant to Indian River County Code Section 913 . 10 . Requested reductions shall not
be unreasonably withheld by the County. Developer may at any time substitute
guarantees , subject to the approval as to form and amount by the County.
4 . Up to $ 1 , 000 , 000 . 00 , or the limits of any applicable underlying or
excess insurance coverage carried by Developer or to be obtained during the course of
the construction of the subdivision improvements , Developer agrees to indemnify, hold
harmless , and defend the County against any and all claims , damages , losses , and
expenses , including attorney's fees , for property damage , personal or bodily injury, or
loss of life , arising from the negligent acts or omissions of the Developer, its officers ,
employees , agents , or contractors , subcontractors , laborers , or suppliers , relating to the
construction of the required improvements , including all those improvements to be
constructed on existing publicly dedicated or County-owned property, such as street ,
sidewalk, bikepath , lighting , signalization , traffic control , drainage , water, or sewer
improvements .
5 . The County agrees to approve the plat for recordation in the Public
Records of Indian River County, Florida upon a finding as to compliance with all
applicable provisions of the County's Subdivision and Platting Ordinance and upon
execution hereof. The County shall accept those areas specifically dedicated to the
County for the purposes indicated on the plat at the time of plat recordation . However,
nothing herein shall be construed as creating an obligation upon the County to perform
any act of construction or maintenance within such dedicated areas until such time as
the required improvements are satisfactorily completed . Satisfactory completion in
accordance with the land development permit , plans , specifications , and ordinance
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requirements of Indian River County shall be determined by the County and shall be
indicated by specific written approval of the Public Works Director or his designated
representative , after receipt of a signed and sealed Certificate of Completion from the
project engineer of record .
6 . In the event the Developer shall fail or neglect to fulfill its
obligations under this contract and as required by the Indian River County Code , the
Developer, as principal , and the letter( s ) of credit shall be jointly and severally liable to
pay for the cost of construction and installment of the required improvements to the final
total cost , including but not limited to engineering , construction , legal and contingent
costs , including reasonable attorney's fees incurred by the County , together with any
damages , either direct or consequential , which the County may sustain as a result of
the failure of Developer to carry out and execute all provisions of this contract and
applicable ordinances of the County . In no event , however shall the liability of the
underwriting bank under this paragraph exceed the total amount of the original
obligation stated in the letter( s ) of credit , less any approved reductions thereto .
7 . The parties agree that the County at its option shall have the right ,
but not the obligation , to construct and install or, pursuant to receipt of competitive bids ,
cause to be constructed and installed the required improvements in the event
Developer shall fail or refuse to do so in accordance with the terms of this contract .
Developer expressly agrees that the County may demand and draw upon the existing
letter( s ) of credit for the final total cost of the improvements . Developer shall remain
wholly liable for any resulting deficiency , should the letter( s ) of credit be exhausted prior
to completion of the required improvements . In no event shall the County be obligated
to expend public funds , or any funds other than those provided by the Developer, or the
underwriting bank to construct the required improvements .
8 . Any letter( s ) of credit provided to the County by Developer with
respect to this contract shall exist solely for the use and benefit of the County and shall
not be construed or intended in any way , expressly or impliedly , to benefit or secure
payment to any subcontractor, laborer, materialman or other party providing labor,
material , supplies , or services for construction of the required improvements , or to
benefit any lot purchaser( s ) , unless the County shall agree otherwise in writing .
9 . This agreement is the full and complete understanding of the
parties and shall not be construed or amplified by reference to any other agreement ,
discussion , or understanding , whether written or oral , except as specifically mentioned
herein . This agreement shall not be assigned without the express written approval of
the County . Any amendment , deletion , modification , extension , or revision hereof or
hereto shall be in writing , executed by authorized representatives of both parties .
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IN WITNESS WHEREOF , the parties hereto have set their hands and
seals on the day and year first above written .
PINE GROVE OF VERO BEACH , a Florida
limited liability company
WITNESSES : EVELOPER
sign By
print ame : David B . C ase , Managing Member
sign : „
print name :_ Aloo "_ h
INDIAN RIVER COUNTY , FLORIDA
B
y.
Caroline D . Ginn , Cha ' man
Board of County Commissioners
ATTEST : Jeffrey K . Barton , Clerk
BCC approved : August 17 , 2004
Deputy Clerk
APPROVED AS TO FORM
AND LEGAL SUFFICIENCY :
r
By :
William G . Collins II
County Attorney
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r
ENGINEER'S COST ESTIMATE
PINE GROVE SUBDIVISION
7/20/2004
I, John H . Blum, P.E. , a Florida Registered Engineer, License No. 45813 , do hereby certify that a cost estimate has been
prepared under my responsible direction for those remaining improvements listed below and that the total cost estimated
for said improvements is $ 118, 185 . 50. This estimate has been prepared, in part, for the purposes of establishing proper
surety amounts associated with the approval by Indian River County of a final Plat r the Pine Grove Subdivision.
ohn H . Blum,
P. E.'M8 13 Date -
ITEM NO, DESCRIPTION ANTITY WUNI T PRICE AMOUNT
1 .00 SITE WORK
1 .07 Sodding (Lake Area, Roadside R-O-W, Perimeter Swale) 1099000 S.F. x_$0 . 30 $32,700.00
SUB-TOTAL $321700 .00
2.00 PAVING _
2 .05 Type D' Curb 75 L.F. $ 12 . 50 $937. 50
2 .06 4 " Reinforced Concrete Sidewalk 89015 S.F. $2 .70 $219640 .50
2 .07 RI - I 'Stop' Sign 2 EACH $200.00 $400.00
2 .08 6" Double Yellow Striping 50 L.F. $ 9 .50 $475 .00
2 .09 24" White Stop 2 EACH $238.00 $476.00
2 . 10 Re-grade 17th Street SW and Stabilize I L.S. $3 ,550.00 $39550 .00
2 . 11 Grade for 15th Street SW Sidewalk 1 L. S . $ 1 ,250.00 $ 1 ,250 .00
SUB-TOTAL $287729 .00
3.00 DRAINAGE
3 .07 12" Mitered End Section I EACH $450.00 $450 .00
3 .08 Filter Fabric (Swale Ends) 1 L. S . $ 1 , 500.00 $ 1 ,500.00
SUB-TOTAL $ 12950 .00
4.00 SANITARY SEWER
4 . 13 Lift Station 90% Complete $ 58 , 900.00 $ 52890.00
4. 14 Lift Station Access Drive 442 S .F . $4 .00 $ 1 ,768 .00
ZL,
. SUB-TOTAL $72658 .00 �
5.00 POTABLE WATER
SUB-TOTAL $0.00
6.00 MISCELLANEOUS
6 .02 Streetlights 6 EACH $ 1 ,200.00 $7,200 .00
6.03 As-built Surveys 90% Complete $2, 500 .00 $250.00
6 .04 Engineering / Inspection 90% Complete $7,500.00 $750 .00
6.06 Entry Wall 120 L.F . $65 .00 $7, 800 .00
6.07 Landscape Berm 3 ,026 L.F . . $3 .00 $92078 .00
6.08 Wax Myrtle Hedge 1 ,210 EACH $ 5 . 50 $6,655 .00
SUB-TOTAL $31 ,733 .00 / T
COST SUMMARY
Earthwork $ 322700.00
Paving $28,729 .00 �V
Drainage $ 1 ,950.00 I 1 V
Sanitary Sewer $7,658 .00 w
Potable Water $0.00
Miscellaneous $ 31 ,733 .00
Tota] $ 102,770 .00 V)
Letter of Credit ( 115% of Above Total) $ 118,185.50
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