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2004-139A
Jun 07 04 07 : 59a Indian River County 772 - 770 - 5095 p . 2 MODIFICATION TO CONTRACT FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS NO . SD -03 -03 -12CFCPH1 (2002040141 ) THIS MODIFICATION , made and entered into this day of --��t-jr� , 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 , on March 23 , 2004 the Board of County Commissioners approved a Contract for Construction of Required Improvements No . SD-03-03 - 12-CFCPHI (2002040141 ) wherein Sunland Development , Inc . agreed to construct certain required improvements within Diamond Lake Subdivision , Phase One by March 23 , 2005 ; and WHEREAS , those certain required improvements were guaranteed by a letter of credit from Sterling Bank in the amount of $ 934 , 000 . 55 ; and WHEREAS , all improvements have been completed with the exception of a 1 - inch second lift of asphalt , the setting of PCPs , and two 6-foot high by 24 - foot long gates with posts and controls , all as itemized on the approved cost estimates attached hereto as Exhibit "A" ; and WHEREAS , Sunland Development , Inc . wishes to receive a Certificate of Completion for Diamond Lake Subdivision , Phase One , and has substituted cash in the total amount of $ 62 , 510 . 55 representing 115 % of the cost of the remaining improvements along with an executed Cash Deposit and Escrow Agreement , attached hereto as Exhibit "B " in order that the existing Sterling Bank letter of credit be released ; and WHEREAS , Sunland Development , Inc . acknowledges that the remaining improvements outlined on Exhibit "A" attached hereto , are to be completed no later than March 23 , 2005 , NOW, THEREFORE , IN CONSIDERATION OF THE MUTUAL COVENANTS AND PROMISES HEREIN CONTAINED , the parties agree as follows : Sop• yd GMel puowelp su03 JO; N Ol N011b'OIdIOOW\NVld\SOO(I\,COueu\AGWOlIe\:=I Z Aawolly A4uno0 II su ! llo�ao 99 wee!%II! M • AON3101zlAns lb'931 (INV VMW 01 SV a3AMIddV 3- �jaIO AIndad ' A8 � Y 17002 ` 5 [ aun0 : panojdde 008 :pno0 jo Ali ' uo}je8 ' >i ' f ue ! e40 ` uu10 • Q awlo� eO : AE] � J S.lauolsspLU03 AunoO jo pjeo8 slw yBno.lyl pue Aq VGIMO"I =l 'A1Nf100 M3AIb NHIaNI Q30 ' 6uno k Nuej j AEJ H3dOl3A3 (l uollejod,joo epi.lol l e ' ' 0NI `1N3Wd0'13A3a aNV=lNns ' uallunl► anoge IsjU aeaA pue Aep ayl uo sleas pue spuey alayl Ias aney olaaay sallied eqj ' =l03M3HM SS3NJUM NI ' loa�}a pue 80JOJ lln; ul ulewaa 4J40170Z00Z) WdOd0- Z6 - £0-£ 0-aS * ON sluawanadwl paalnba�I jo uollorulsuoO jo; Ioealuo0 eqj ul Ino Ias swial iaylo Ild ' Z ' panoidde aje � 8 . 1! q ! yx3 se olajeq payoelle lu8waaJ6y mOJOS3 pue I! sodao yse0 ayl pue Ny„ I! q ! yx3 se olaJay payoelle salewllso Isoo panoidde ayl uo pazlwel! sluawanoidwi 6ulwewai ayl jo uollaldwoo aalue.len6 of yseo 55 - 0L5 ' Z9 $ 10 6ullsod a41 g • d S60S - OGG - ZLG Riunoo uaniN ueipur eac : in .6n in unr JUN -07- 2004 09 : 57 Fw04 6 �Jll4f ♦ • • • • • - - ! 1680 W. Hibiscus Blvd Ste B di Melboume, Florida 32901 May I3, 2004 Mr. Chris Kafer, P .E. County Engineer Indian River County 1840 2e Sheet Vero Beach, FL 32960-3365 Re: Diamond Lake SAD Phase 1 Asphalt Second Lift Certified Cost Est Dear Mr. Kafer. The following is the Certified Cost Estimate for the Second Certified Cast Estimate i§ bei Lift of Asphalt this amount that Sunland Devel provided for purposes of establishing the bond opment, Inc, must provide. dTE� QUANTITY UNITSIOTA 1 " SECOND 5 ,515 S.Y. 3.80 0 LIFT OF 20, 957.00 ASPHALT SURVEYING (SET PCP . LS LS 41000. 00 4,000.00 24,957. 00 + 15% 3 , 743.55 TOTAL BOND AMOUNT 28 ,700 .55 Slniei 1 . . . . . Cc: P. Goiter A. Soyka, PE P �dEnt {4 5 •[ Page 1 of 2 Z °� ES6E ' 956 ' YZE �J �I ,IOS i'13H11Hw1 db * : tO 4D . OZ new, VVN - V '! -6UU4 U7j : !J `( P . 05 1660 W. Hibiscus Blvd Ste B Melbourne, Florida 32901 May 20, 2004 Mr. Chris Kafer, P. E. County Engineer Indian River County 1840 251 Street Vero Beach, FL 329604365 Re: Diamond Lake SID Phase 1 Entry Gates at 0s10 Road Certified Cost Estimate Dear Mr. Kafer; The faliawing is the Certified Cost Estimate for the Security Gates along Oslo Road. This Certified Cost Estimate iim s beprovided far purposes of establishing that Sunland the bond amount Development ince. must provide. lem m 99M.Trry UNNT UNPT TDTAL.S 6'HIGH x 24' 0 2 EA 14 , 700 29,400.00 dV t�1yl LONG W1 GATE POSTS & . CONTROLS + 15% 4 , 410.00 TOTAL BOND AMOUNT 33 , 810.00 AvpS Cc: P A. Soyka, PE Gomer dQe�m� .-e. . . EX H I B T A Page 2 of 2 � & d Cc � � • nnn . • •an move . .. � . . . . . . . - Jun 07 04 08 * 00a Indian River County 772 - 770 - 5095 P . 6 TNI REMITTANCE ADVICE tits gn IT FeY'e o trent, : nc ' INDIANRIVE Indian River BoardIN y 5 IN 2 3828 µ DZ Ph1 :'-1Kaint �oWIN ziri £ o � 0 -=5 '00 � I . . -' - 3 $ 10 [ {7; 4 IN _ .4'M1•'.x i:, !f M. n . .i KI IN IN `r � .a • +..: • °J.v! . . ��_ r _ - 'l.._ . ,.JL. ' ...:- r.: .. .. aI .,,. _. .. . a.: • _ yy . 4 . •'.l > ' Ali. . y' . 1 .I' ,Y.' .t ..Y. I ' v `-J . 1•Y n { , .ry' • may' : 1 NO Y s: r. . . .. _ . t . . . . . : , . : > . .' ... ' :..., . . . .. . . .. . ,,. {:.. �... . � . _ :a'� 'Vr. - '�r I v . > ., - 1 . ... . -, x ON. '� _. 1 . ,: i. .: ..: .. . -y nl : . . .:,1'. :4_ :`C..fln.v ^Tr - Jt ', a'r y:' �y w .* . N NO f�.: : •:i- . N; p ray`: i�'r':,'a "�S ONTO,.. .•iNPI IN IF tt'k4''1. Mi:rt v . : .a NO .Ypr r. . x 5 Ta . 5 .! . :."., od. w V , i. Y F: _ ar- �2 - {:. _ . < . 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