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Home My WebLink About2005-037 Certificate of Completion The Oaks of Vero — P . D. , Phase 1 CONTRACT FOR CONSTRUCTION OF REQUIRED SIDEWALK IMPROVEMENTS NO . PD =01 -06 - 15 -SIDE (2000100085 =34449 ) THIS CONTRACT, made and entered into this 1st day of February 2005 , by and between SDG KINGS , INC . , a Florida corporation , 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 has commenced proceedings to effect development of land within Indian River County, Florida ; and WHEREAS , a Certificate of Completion for the development within the unincorporated area of Indian River County shall not be issued 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 issuance of a Certificate of Completion for The Oaks of Vero — P . D . , Phase 1 ; and WHEREAS , the required sidewalk improvements are to be installed after the issuance of a Certificate of Completion , 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 by August 5 , 2005 , a date being within two years of approval of Final Plat, in a good and workmanlike manner, those improvements described as follows : See Exhibit "A" attached F: Attomey\Nancy\DOCS\PLAN\side k cash cert complet oaks of vero i.doc or otherwise required by the Code of Laws and Ordinances of Indian River County in connection with the approved Preliminary Plat and Land Development Permit , which are incorporated by reference into this contract . 2 . Developer agrees to construct said improvements strictly in accordance with County policies for sidewalk construction as those policies relate to location , method and type of construction , 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 executed cash deposit and escrow agreement in a form to be approved by the County, naming Developer and the Indian River County Office of Management and Budget, as the escrow agent, in the amount of $ 51 , 520 . 00 , 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 escrow deposit shall remain available to the County and shall not be reduced during the course of construction . 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 sidewalk improvements , including all those improvements to be constructed on existing publicly dedicated or County owned property. 5 . The County agrees to issue a Certificate of Completion , upon a finding as to compliance with all applicable provisions of the County's Development Regulations and Ordinances and upon execution hereof. However, nothing herein shall be construed as creating an obligation upon the County to perform any act or construction or maintenance until such time as the required improvements are satisfactorily completed . Satisfactory completion in accordance with the land development permit , plans , specifications , and ordinance 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 . 2 F:\Attorney\Nancy\DOCS\PLAN\side k cash cert complet oaks of veno Ldoc 6 . The County agrees to issue building permits and Certificates of Occupancy prior to the installation of required sidewalk improvements so long as Developer is not in default of the terms of this Contract . 7 . In the event the Developer shall fail or neglect to fulfill its obligations under this contract and as required by the Code of Laws and Ordinances of Indian River County , Florida , the Developer, as principal , and the funds in escrow deposit 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. 8 . 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 cash deposit for the final total cost of the improvements . Developer shall remain wholly liable for any resulting deficiency, should the cash deposit 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, to construct the required improvements . 9 . Any cash deposit 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 . 10 . 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 0 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 . 3 FAAttomey\Nancy\DOCS\PLAN\side k cash cert complet oaks of vero Ldoc IN WITNESS WHEREOF , the parties hereto have set their hands and seals on the day and year first above written . SDG KINGS , INC . , a Florida corporatio DEVEL. PER By s/ Bret S rel , Pre 'dent INDIAN RIVER COUNTY, FLORIDA B S. Y Thomas S . Lowther, Chairman Board of County Commissioners COUNTY BCC Approved : February 1 , 2005 AJeffrey K . Barto , . . B (seal ) Deputy Clerk APPROVED AS TO FORM AND LEGAL IC EN William G . Collins II County Attorney 4 F:Wttomey\Nancy\DOCSIPLANIside k cash cert compiet oaks of vero i.doc JOSEPH W. SE, P. E. JODAH B . BITTLETLEv SCHULKE � BITTLE & STODDARDf L . L . C . RP. E. WIWAM P. STODDARD, Ph .D. , PE. CIVIL & STRUCTURAL ENGINEERING LAND PLANNING ENVIRONMENTAL PERMITTING Engineers Certified Cost Estimate — Oaks of Vero Phase I L Joseph Schulke, A Florida. registered engineer, License No . 47048, do hereby certify to Indian River County that a cost estimate has been prepared under my responsible direction for those improvements itemized in this exhibit and that the total cost estimate for said improvements is $51 , 520 . 00 . This estimate has been prepared, in part, to induce approval by the county of the Oaks of Vero Phase L and for the purpose of establishing proper surety amounts associated therewith. J chulke, P .E. No . 47W8 ! si fl EA1. E SIT A 1717 INDIAN RIVER BLVD . , SUITE 301, VERO BEACH , FLORIDA 32960 TEL 772 / 770-9622 Fax 772 / 770-9496 EMAILsbseng@bellsouth . net + ti < d' ry i GENERAL Sidewalk SF 12800 $3 .50 $441800 .00 Subtotal . $44,80.0000. Date: d9 ose5chulke, P .E. eg. N0. 47D48 Certificate of Completion The Oaks of Vero — P . D . , Phase CASH DEPOSIT AND ESCROW AGREEMENT THIS AGREEMENT is entered into this 1st day of February , 2005 , by and between SDG KINGS , INC . , a Florida corporation ( Developer) , and INDIAN RIVER COUNTY , a political subdivision of the State of Florida ( COUNTY) : WITNESSETH : WHEREAS , Developer is effecting development of land within Indian River County and is required to provide surety supporting a contract with the County for the construction of certain required sidewalk improvements related thereto ; NOW , THEREFORE , in consideration of the agreements , promises , and covenants set forth herein , and other good and valuable considerations , the parties hereto agree as follows : 1 . The Developer has tendered to the County Office of Management and Budget ( Escrow Agent) the sum of Fifty-One Thousand Five Hundred Twenty and No/100 Dollars ($ 51 , 520 .00) , the receipt whereof is hereby acknowledged , which sum shall be held in escrow by said Office , subject to the terms , conditions and covenants of this escrow agreement as assurance that Developer shall perform in all respects the obligations set forth in the aforementioned Contract for Construction of Required Sidewalk Improvements No . PD-01 -06- 15-SIDE (2000100085-34449 ) , which agreement is attached hereto and incorporated herein by reference (Contract) . 2 . Upon completion , the Developer may obtain a disbursement from the escrow account by making a written request to the Board of County Commissioners of Indian River County through the County' s Public Works Director. The request shall specify the amount of disbursement desired and shall be accompanied by a sealed certificate from Developer' s engineer describing the work completed , the actual cost thereof, and that the work for which disbursement is requested has been completed in accordance with County policies for sidewalk construction as those policies relate to location , method , and type of construction . 3 . Disbursement shall occur only after issuance of a Certificate of Completion for sidewalks in accordance with the Indian River County Code . 4 . Within seven (7 ) working days after receipt of a disbursement request, the Public Works Director shall cause an inspection of the work for which payment is sought. If the Public Works Director is satisfied in all respects 1 FAAttomey\Nancy\DOCS\PLAN\side k cash deposit cert compiet oaks of vero i .doc with the work , the accompanying cost estimates and certifications , the Public Works Director shall deliver a written notice to disburse to the County Office of Management and Budget . Upon receipt of the notice to disburse , the Office of Management and Budget shall make the disbursement described therein directly to Developer. 5 . Upon default by Developer under the Contract, the County may elect to pursue any of the remedies made available therein . All funds remaining in the escrow account at the time default is declared by the County shall be available for use by the County in accordance with the Contract. Said funds shall be disbursed to the County upon receipt by the Office of Management and Budget of a certified copy of a resolution of the Board of County Commissioners stating that Developer has defaulted under the Contract and that said funds are necessary to complete the required improvements . All funds disbursed to County in excess of the final amount determined necessary by the County to complete the required improvements shall be returned to Developer, its legal representatives , successors or assigns . 6 . Any interest earned during the term of escrow , less administrative expenses , shall be disbursed to Developer at close of escrow . 7 . The funds deposited hereunder exist solely for the protection , 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 contractor, subcontractor, laborer, materialman , architect, engineer, attorney or other party providing labor, material , supplies , or services for construction of the required improvements , while such funds remain subject to this escrow agreement, unless and until the County shall agree otherwise in writing . The County shall not be liable to any of the aforementioned parties for claims against the Developer or contractor relating to the required improvements . 8 . This Agreement, together with the attached Contract, is the full and complete understanding of the parties and shall not be construed or amplified by reference to any prior agreement, discussion , or understanding , 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 hereon or hereto shall be in writing , and executed by authorized representatives of each party. 2 F :Wttorney\Nancy\DOCS\PLAN\side k cash deposit cert compiet oaks of vero i .doc f IN WITNESS WHEREOF , the parties hereto have set their hands and seals . The date of this agreement shall be the date of approval by the Board of County Commissioners , as first stated above . SDG KINGS , INC . , a Florida corporation DEVELO R By Bret Saver sident INDIAN RIVER COUNTY, FLORIDA B S . L} y Thomas S . Lowther, Chairman Board of County Commissioners COUNTY BCC Approved : February 1 , 2005 A ST: Jeffrey K . B n , Clerk By: t - (seal ) Deputy Clerk OFFICE OF MANAG ENT AND BId T By. JasoVEOown , Director APPROTO FORM AND LEGAL SUFFICIENCY By: - - William G . Collins II County Attorney 3 FAWttomey\Nancy\DOCS\PLAN\side k cash deposit cert compiet oaks of vero i .doc 3310765 ® Harbor Federal 01 / 14 / 05 0012217022 $ 51 , 520 . 00 BOARD OF COUNTY COMMISSIONERS 33 52 INDIAN RIVER COUNTY k . Re : S . T . G KING FIDIC IMP pummmomm • a - <'qd. . t . . w ,�... Yu ',L• .. ,t '. � y 0.Ey vY �y,,s"�'�St�ar l>z4:F,�, R �n�,n� it° il+�ri �� '� .. -R'Q - 7G 'P •. di �"xa'4§'�i t +,h,< F7�s'ti�ts ' .. t t'P 1 t ,K'� "F a.� ry' .yq �y '�}d} .,1 1 . ' ��4 r5�y t r �• S,4Ei t0< �� 1.. ^ r n �},tf y t � fryWr �• t+.,e ' �In °� i `Yv ''}� fqn' tEf ,wF�j Y � 21at + t } . r a (g4F :1 .� i �3�'yy�• w v` J.'r�M1 l , f �t,�` . F'r1yyl1x: � y � E� ,"�'�;. 1 ¢�•, •? v4f . . - + • , > ¢ a•`sC+ 4 } � �' }h y. r '�j„i }x � 1 { � . ?` • _ 4 � t . • J C (r o Y ,1' u� . m h i '�[ .r�k� t�t'" LL ' i. . .Y � �� Y . 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