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Home My WebLink About2004-162 Jul 01 04 01 : 38p Indian River County 772 - 770 - 5095 p . 3 ORIGINAL Diamond Lake Subdivision, Phase Two corporate, for use with letter of credit CONTRACT FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS NO . SD -03 -03 =12CFCPH2 (2002040141 ) THIS CONTRACT, made and entered into this 13th day of 2004 by and between Sunland Development, 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 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 Diamond Lake Subdivision , Phase Two ; 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 July 13 , 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 . 1 FAAttorney\Nancy\DOCS\PLAW\k for con w loc diamond lake2.doc 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 Sterling Bank , as the underwriting bank , in the amount of $ 128 , 672 . 68 , 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 requirements of Indian River County shall be determined by the County and shall be 2 FAattorney\nancy\DQCS\PLAN\k for con w loc diamond lakeldoc Jul 01 04 01 : 38p Indian River County 772 - 770 - 5085 p . 5 s 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 . 3 F:Wttomey\Nancy\DOCS\PLAN\k for con w loc diamond lake2.doc 1 IN WITNESS WHEREOF , the parties hereto have set their hands and seals on the day and year first above written . SUNLAND DEVELOPMENT, INC. , a Florida corporation WITNESSES : DEVELOPER sign : By: 7 t print name : � 7 Sig print name • + j4 Y (affix corporate seal) INDIAN RIVER COUNTY, FLORIDA w � By: Caroline D . Ginn , Chair an Board of County Commissioners ATTEST: Jeffrey K. Barton , Clerk By: '° BCC approved : , u1 y 730 2004 Deputy Clerk APPROVED AS TO FORM AND LEGAL SUFFICIENCY: By: William G . Collins II County Attorney 4 FAAttomey\Nancy\DOCS\PLAN\k for con w loc diamond lakeldoc 'c y � Ii e - ► V 680 W, Hibiscusi • Suite i DIAMONDelbourne , Florida 32901 LAKE SUMMARY CATEGORY TOTAL ADDITIONAL ITEMS $ 24108130 $ 8100915 LANDSCAPING PAVING , , WATER, SEWER $ • ' TOTAL MATTHEW • KA moi ;.• �. : c.,` .> �. •� ,• - 1680 W, Hibiscus Blvd Suite B Melbourne , Florida 32901 DIAMOND LAKE - CERTIFIED COST ESTIMATE ADDITIONAL ITEM QUANITY UNIT UNIT$ • TAL$ %COMPLETE REDUCT. REQ. TOTAL STREET LIGHTS 5 EA 21000 .00 10 , 000, 00 r r 10 , 000 . 00 SURVEYING INCL. SETTING PCP 1 LS 82000. 00 81000, 00 50 4 , 000. 00 41000. 00 ENGINEERING 1 LS 129000. 00 12, 000. 00 50 6v000 . 00 67000. 00 MAINTENANCE OF FENCE r LF . r 417110, 00 : r 31768. 00 942,00 SUBTOTAL $ 341710m00 131768a00 20v942wOO 51206v50 2,06520 TOTAL0 : i 0000 HEW SOYKA PeEm rr • ( 1680 Hibiscus Blvd Suite B elbourne , Florida 32901 DIAMOND . CERTIFIED COST ESTIMATE • - WALL BASED ON THE ACTUAL WALL CONTRACT (COPY ATTACHED) FOR THE PROJECT. THE FOLLOWING COSTSARE NORTH QUANT,ITEM • TAL$ %COMPLETE REDUCTION • r TOTALREMAINING MODULAR WALL 740 LF 43/LF 31 , 820.00 80 $259456 .00 $69364 .00 OO SUBTOTALOO $6,364aOO 70 00 00 TOTAL MATTHEW SOYKA PmE0 #3490, 9 I I 7800 Lr $ 43A0 PLF i I • ... . • • • • • NX)MMATION $ 1000 • 1 • 1 i i $450 , 00 • ' 24X24 COLMMS FOR L11MEIT 8 $ 100 a 00 EACH : 1 . r • i 1 I i I r •. . 1 • V• • i FT POST SPACINGS $ 3 , 00 I i I 11 i I • / I • • 1 _ _ -- - - - STECTI • i DOM a STTZ r •. \• . I .1 . � a •: E ' / S ; MUST PSFO I ' •: I • t• : i:•�• :�• • •: I • ' 1 .` 1 :1 • !' Y ' •i. •: • ' l I i a III, LI PI • :A• •: M: j � 1 :'1:'1 • :1• _ _ _ _ _ _ - _ _ _ -_ __ __ - _ _ 1 • ••1: Y' t :IH : IM••: :t: :A: • • . I • • ' • .1. • • ra • ' r• 1 • y . . . •. ..• IS OLLm- 00 • • • ' • • • M' • . ' 1 . . • 1. •1 • : 1 • • :.•� a. OIL ;1. :. • •• : :.: • • c • a 1 : • �• •: r • . s: :•..•r' r: sea : �• •t 1. r. NO 90 Mr. os • • I ' •: • ' • : r• . •• •r r f M' r . • , • " • V• • f • � O � OKA DIAMOND CERTIFIED COST ESTIMATE LANDSCAPING BASED ON ATTACHED ITEMIZED BREAKDOWN (COPY ATTACHED) . PROVIDED BY THE LANDSCAPING ARCHITECT FOR THE PROJECTo THE FOLLOWING COSTS 1 CERTIFIED NORTH ( DOUBLE • I ALONG • • , y I SUBTOTAL % COMPLETE AMOUNT COMPLETE TOTAL REMAINING wl , $34,825900 SUBTOTAL $27,860m00 $6 , 965mOO ' 11 $ 1 ,04415 $40004816 TOTAL $329039 *00 $ 8 , 00915 MATTHEW SOYKA PoEs 11 ' MISSION Diamond Lake w phase . N !Required • ovinlon of Cost am xw SAI 4 KS • • �_• ` -� _ . . . � ,_ • _ . . . . . . . - In mr 04 CAL ABI SM1013 $10710oo • . liiiiiiiiiiiiiiii 117 17111 00 14D DOWN MW .u.... :._.a - ` • IIILll—�VHPWASI 1 1111,111111 2' C. ATHM Wo ==.00D== 25 : . . Ux" • �C00.00 _ � lusaLfal" OESPI EE awnwer , . . . _ r s!",= DIAMOND • CERTIFIED COST ESTIMATE BASEDPAVING , DRAINAGE, WATER, AND SEWER IMPROVEMENTS ON ACTUAL ITEMIZED CONTRACT i • ATTACHED) • , • PROJECT THE FOLLOWING AMOUNTS • - CERTIFIED ITEM • COMPLETE TOTAL TOTAL COMPLETED MISCELLANEOUS 40, 750 , 00 rl $32j600 , 00 $ 8 , 150, 00 EARTHWORK ♦ 12 , 892 . 85 80 $ 109314 . 28 $ 23578. 57 STORMDRAIN $ 41 , 286 . 50 . 1 $33 , 029. 20 $ 8 , 257 , 30 SANITARY • 1 $38 , 912 .48 $ 9 , 728 , 12 I POTABLE WATER $ 58, 491 , 00 : 1 $46 , 792 . 80 $ 117698 , 20 CONCRETE / / : : 11 : 1 $24 , 070 , 40 $ 6 , 017 , 60 ROADWAY60,456 , 75 51 $30 , 228 , 75 $307228000 GRASSING960 . 50 1 960 , 50 960 . 50 2939546m2O SUBTOTAL1 44, 031w93 , TOTAL1 HE • PoEs 11 ' ?.ease Rr..; 10 Champlen Ccn'n_Cng of C:entrz; Flnrya 3ubcontractoes Request For Payment 9066 ECherralob � 2314EMS Rd, Sun.and Orr ,nsnv. Inc. W. Alelbourne, FL 52804 oComer: e 1 p Per Bess rI.%Wva } 321 -757-0 SCSWest Pe '-psi Beach, Ficnr!a Per. Erd at �, Gt Frc; ecT D•arrord Labs Vero Beach, FL APP L INVOICE # 214-8 CONT gLA17TITIES A1,IOUNT S) ti COMP. job CGDE �7E �J, CJAVTr1 WIT UKITFRICE TOTALA\IGurJ7 F?EV• CUS CU4F e't J TOTAL PR =VIOLS CL1r7RErrr TO OA • 'E TO DATE DLAPAOND LAKES PH, TWO Ailsceflaneouc l.tcb zalm 3 Supendslon 1 LS :9, 95G,CO 20.850,00 Su,,Nwpng 8 Asbullts 1 LS : 909[0 CO is, 900 C 7 5031000.20001-02-8950 sub-total $ 40,760,00 Earthwork 8 Grading Roed+ray Gradra After Lh•_:les 51330 SY 1 . 45 7,81550 Ros9way R-O-W Grading 31701 LF 7 .35 5,077.35 $ 12 892.65 I 605.1000-200 01 ,0241 Stam Draln Subtotal Type 9 Q rb Ket (4' Da) 6 EA 2,2X40.00 1B ,CO3.00 Stcvm Mermole 2 EA ZCG3.00 4803.00 15" RCP 66 LF 24.65 243c" 8, 40 15" ADS 620 LF 72.50 15,00.00 to" ACS EO LF 2700 laC23 00 505-1000.200 01 .42-6200 Sub4ow $411288A0 Non - Dev Agraemenl 3anlUr/ Sevier r" CIe Sewer 61anh e 4 EA 2,515 00 1 t ,E63 00 8" PVC Sewer (01-61 128 •L= 15, 70 11978. 20 6" PVC Sewer (6'B) 512 lF 1795 9, 193.40 8•' PVC 8awef (8'• 10') 413 LF 20. 15 B,f64. 50 W PVC Sewer (10'•17) 270 LF 2575 6,952.50 Single SratrLaleral 3 EA 425. 00 : ,775. 00 CouS:a Sewn Latera: 5- 4 EA 450.00 66440. 00 Crcp Crnnectlon to Eaetng Mar 1 EA 600.0c X00.00 TV Camera InspocCcn 1 LS 1 ,680.00 1 .X30 00 605.1000.200 Ot -02.6110 Sub4otat 5481840, 60 Potable Water Connect To Ews:ing V%'Cer 1 LS 11065.00 1 ,[35.00 6" FVCV1slar hia;n a "inga 11550 LF 16. 80 25,206,00 5" PVC Water Ma -I G F4:Ings 430 LF 14.60 6,27900 Fire Hydrant 1 EA 31140.CO 3, 140.00 8" Gz:e Vake %` 2 EA 11004[0 20070.00 E" G_Js Va1•a 1 EA -57540 675.00 S:n21e Sem:: , 10 EA 45:.0•? 4,550 00 Coukeservim 21 EA 676.0•: - a Ca 505-1 (100.20001 -02.6400 Subtotal SE8rf91 ,001 Concretr Curbing 24" Alai Y .as, Culb 307X ) LF $C3 + r ' 331 SOS -1000-200 01 .02-4100 Subtotal $30, D68,00 : Roadway 6" S:SN'ted SuOyrade 6,3 _0 SY '. .50 2,024.001 i 6" CcqufnaBase 4,535 SY 55- 5 Y,eJ8.751 1 Frime 40343 SY C•.4.5 +. ,53 :0 1 1,74 S-1 AspEe:t <340 Sy 5.65 24521 .CZ; j S71Frr.; it Sr;rs 1 LS 11550.00 1 + .: 53 3J 606 .100[ -200 01 •[,2-0100 S1:b•totai $80, 465.751 O ra svfnq cam`„aScd 3104; C4 :kart! CuS.EEJ SF 505-1000-20901 -027015 SUbWbI S860.501• TOTAL PFA SE 2i 521#3, 686. 10 '' I 10