HomeMy WebLinkAbout2010-161 47" Street paving between U . S . 1 and the east terminus of 47th Street
County Development Project #2004080190 IRC BID NO . 2010033
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AGREEMENT CONCERNING
CASH DEPOSIT AND ESCROW
FOR THE JOINT PAVING PROJECT FOR 471hH STREET
( County Development Project #2004080190 )
THIS AGREEMENT CONCERNING CASH DEPOSIT AND ESCROW
FOR THE JOINT PAVING PROJECT FOR 47TH STREET ( Agreement ) is entered
into this 6th day of Jul y 120107 by and between TOT SPOT OF VERO ,
INC . , a Florida corporation ( Developer ) , CLINTON BARKER LAND
DEVELOPMENT LLC , a Florida limited liability company ( Contractor ) , and
INDIAN RIVER COUNTY , a political subdivision of the State of Florida
( County ) :
WITNESSETH :
WHEREAS , Developer is effecting a development of a day care center to
be known as Tot Spot ; and
WHEREAS , as a condition of Developer' s site plan approval , Developer
must pave 47th Street between U . S . 1 and the day care center' s entrance , a
distance of 849 feet ; and
WHEREAS , the County is desirous of having the entire section of 47th
Street east of U . S . 1 paved , a total distance of 1 , 053 feet ; and
WHEREAS , a Developer' s Agreement dated July 21 , 2009 recites that
Developer and County have agreed to a joint paving project comprised of paving
47th Street between U . S . 1 and the east terminus of 47th Street , where the
Developer is responsible for paying its fair share of the project , being 80 . 6 % of
the total project and the County paying its fair share , being 19 . 4 °/x ; and
WHEREAS , the County has ascertained the lowest bid for the project at
$ 132 , 695 . 40 , awarded to Clinton Barker Land Development LLC , thereby the
Developer' s fair share is $ 106 , 952 . 46 ; and
WHEREAS , in lieu of the posting of a payment and performance bond ,
Developer is providing surety in the form of cash to guaranty completion of its
share of the joint paving project ; and
WHEREAS , Contractor will provide a 1 - year warranty bond to County
when the paving project is completed ; and
. 1 . a .
NOW , THEREFORE , in consideration of the agreements , promises , an
covenants set forth herein , and other good and valuable considerations , the
parties hereto agree as follows :
1
1 . The above recitals are affirmed .
2 . The Developer has tendered to the County Office of Management
and Budget ( Escrow Agent ) the sum of One Hundred Six Thousand (Vine
Hundred Fifty -Two and 46/ 100 Dollars ( $ 106 , 952 . 46 ) , 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 Agreement as assurance that
Developer shall complete the required improvements listed above .
3 . Upon completion of the paving project , Developer agrees that the
$ 106 , 952 . 46 cash held in escrow to pay for its fair share of the paving project is
to be turned over to County and represents the Developer ' s payment of its fair
share of the paving project .
4 . Upon any default by Contractor , the County may elect to pursue
any remedies available .
5 . The County may utilize all funds in the escrow account at the time
default is declared by the County . Said funds shall be disbursed to the County
upon receipt by the Office of Management and Budget of a written statement
from the Public Works Director that Contractor has defaulted and that said funds
are necessary to complete the Developer ' s fair share of the paving project .
6 . 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 paving
project while such funds remain subject to this escrow agreement . The County
shall not be liable to any of the aforementioned parties for claims against the
Contractor relating to the paving project .
7 . This Agreement 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 hereof or hereto shall be in writing , and executed by authorized
representatives of each party .
2
IN WITNESS WHEREOF , the parties hereto have set their hands and
seals . The effective date of this Agreement shall be the date of approval by the
Board of County Commissioners of Indian River County , Florida .
THE TOT SPOT OF VERO BEACH ,
INC . , a Florida corporation
Date : jiincP By :
Chris her P . Schlitt , President
DEVELOPER
CLINTON BARKER LAND
DEVELOPMENT LLC , a Florida
limited liability company
Date
June 13 , 2010 By :
Clinton Barker , Managing Member
CONTRACTOR
CO /s,•°• BOARD OF COUNTY
•°°° � • COMMISSIONERS OF INDIAN RIVER
°• o . 'r
COUNTY
• • iA���.�C,N�J
a
i . No
�•' By . Peter D . O ' Bryan , Chair an
.oy Ti .•• v0
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°•°99Co��Ty;F�.��` ° BCC approved : July 6 , 2010
Y° aYY YII tla tltltltlp
ATTEST : Jeffrey K . Barton , Clerk
By : C L44vw- ( 2M
D puty Clerk
APPROVED AS TO FORM
AND LEGAL SUFFICI COUNTY
By
William . DeBraal
Deputy County Attorney
OFFVBUOUIV
ENT
ANDBy .
3
MISCELLANEOUS PAYMENT RECPT # : 5250868 #WEC
INDIAN RIVER COUNTY , FL
1801 27th STREET
VERO BEACH FL 32960
Co �� T N 2 3 2010
DATE : 06 / 21 / 10 TIME : 11 : 12 OFFICE CLERK : vpotter DEPT :
CUSTOMER # : 0
PARCEL :
CHG : ESCROW ESCROW DEPOSITS 18497 . 81
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
REVENUE :
1 601 220003 18497 . 81
CASH PERFORMANCE BONDS
REF1 : RD PAVING REF2 :
CASH :
801 101001 18497 . 81
CASH IN BANK
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
AMOUNT PAID : 18497 . 81
PAID BY : THE TOT SPOT OF VERO
PAYMENT METH : CHECK
REFERENCE :
AMT TENDERED : 18497 . 81
AMT APPLIED : 18497 . 81
CHANGE : . 00
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MISCELLANEOUS PAYMENT RECPT # : 3699722
INDIAN RIVER COUNTY , FL
1801 27th STREET
VERO BEACH FL 32960
ATE : 09 / 25 / 08 TIME : 10 : 56
CLERK : vpotter DEPT :
USTOMER # : 0
ARCEL :
HG : TRAFFI TRAFFIC ENGINEE 73689 , 02
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
EVENUE :
109034 344906 73689 . 02
DEVELOPER ROAD CHARGES
IREFI : REF2 :
ASH : 73689 . 02
801 101001
- - CASH - IN BANK
OUNT PAID : 73689 , 02
AID BY : TOT SPOT OF VERO INC
AYMENT METH : CHECK
EFERENCE :
MT TENDERED : 73689 , 02
T APPLIED : 73689 . 02
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TOT SPOT OF VERO INC
2047 47TH STREET
VERO BEACH, FL 32967 DATE ! J v1 � 63-4615/6004
AY
TO THE �1 � CL. I RIVPY C��� c u� $ ,, _. ..3�Q .., l�. Z
ORDER OF
D L..L A R S e lag
�Ja..r.
First Peoples Bank
4000 20th Street
,t Vero Beach, FL 32960
MP
FOR
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MISCELLANEOUS PAYMENT RECPT # : 1691458
INDIAN RIVER COUNTY , FL
1840 25th STREET
VERO BEACH FL 32960
DATE : 08 / 07 / 06 TIME : 11 : 08
CLERK : vpotter DEPT :
CUSTOMER# : 0
PARCEL :
CHG : ESCROW ESCROW DEPOSITS 14765 . 63
REVENUE :
1 601 220003 14765 . 63
- CASH PERFORMANCE BONDS
REFI : SCHLITT WA REF2 : PAVING COS
CASH :
801 101001 14765 . 63
CASH IN BANK
AMOUNT PAID : 14765 . 63
PAID BY : TRIPLE C & T INVESTM
PAYMENT METH : CHECK
REFERENCE :
AMT TENDERED : 14765 . 63
AMT APPLIED : 14765 . 63
CHANGE : . 00
t INDIAN klnR NATIONAL BANK � :�
MAIN OFFICE,..,
VERO BEACH, FL 32960
TRIPLE C & T . INVESTMENTS , INC . 63-1205/670
DBA RELIABLE PIOLY JOHN oI
VERO BEACH , yFL 32961 `
c; , PH' 772;562'€4604
PA,Y, TO THE°
ORDER OF=
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