HomeMy WebLinkAbout2018-128COSTELLO BROTHERSMARINE CONSTRUCTION, INC
1000 Production Drive
Sebring, FL 33870
cbmcinc@cbmcinc.net
(863) 382`1352 - office
(863) 382-8693 - fax
EXHIBIT A
IRREVOCABLE DIRECTIVE OF DRAW PROCEEDS
TO: Indian River County, Florida ("Obligee")
Attn: Keith McCully
Costello Brothers Marine Constriction, Inc. ("Contractor") and Great Horn Financial Services, LLC
("Agent") have entered into a Disbursement Control Agreement relative to the construction of a project
known as: Main Screening Systcm Conveyor Replacement (Estimated Contract Price = S586,237.00).
Great Morn .Financial Services, LLC is to be employed directly by the Contractor and is in no way a party
to the agreement between the Obligee and Contractor.
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The Disbursement Control Agreement between the Contractor and Great Horn Financial Services, LLC `T
requires that the Obligee direct all contract funds to be deposited into a Joint Disbursement Account that
has been set up by the Contractor. The Obligee signing herein below irrevocably certifies that all
payments made to the Contractor for the construction described above will be endorsed
to include the words: "Deposit Only To Disbursement Control OC
Account # (to be provided), SunTrust Bank, Maryland". All payments are to be4silell—o e Contractor 1
in care of Great Horn Financial Services, LLC
directly to the above-described account (additional banking information
below): 11)
If by wire or ACH, please route via:
SunTrust Bank
FBO: Costello Brothers Marine Constriction, Inc.
ABA: Routing No. 061000104 (wire transfers)
Account No. TBD
By signing this Agreement, Obligee further agrees to immediately notify Great Horn Financial Services,
LLC of any mechanic's liens; stop notices or claims to the contract funds relative to performance by
Contractor.
This certification is irrevocable by the Obligee and can only be changed by written directive of the
Contractor with written consent of Gray Surety and written consent of Great Horn Financial, LLC.
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COSTELLO BROTHERS MARINE CONSTRUCTION, INC
1000 Production Drive
Sebring, FL 33870
cbmcinc@cbmeine.net
(863) 382-1352 - office
(863) 382-8693 - fax
Costello Brothers Marinenstruction, Inc. India ver County, Florida :
i�e)�'�A
oz
13y: By:ndrew E. Coste lo, President Peter D. O'Bry Chi
Board of County Comm*
Date: June 19.2038 Date: BCG approved:—.7a>>�r lb
The parts to this AGREEMENT have executed it on the day first written above.
�� - APPROVED AS TO FORM
s; atu --3 — a�u "DEBRAAL
c �n
BY
1\ �5,� WILLIAM
--- OUPUTY COUNTY ATTORNEY
Matthew N. Hodson, President
ATTEST: Jeffrey R. Smith, Clerk of
Circu't Court a d Cogptroller
By: ( "1 /1'// V / A k I --Z; / Y,/)
Deputy Cler