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Home My WebLink About1999-09017 1 i -(1 -r7/ qq `Oqo PLANlold orchid"(-Atlwcc hn ' corporate, for use with letter of credit CONTRACT FOR CONSTRUCTION OF REQUIRED INA,PROVEEM EN'rS NO. PD -98-06-12-A THIS CONTRACT, made and entered into this /, day of 1999 by and between Kennedy Groves, Inc., a corporation existing und the laws of the State of Florida, 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 Old Orchid - Phase 1 - P.D.; 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 March 16, 2004, in a good and workmanlike manner, those improvements described as follows: Per attached engineer's estimate for remaining subdivision improvements. 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. 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 Fidelity Federal Savings 40 Bank, as the underwriting bank, in the amount of $310,903.59, 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 a, 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 without an express written modification thereof executed by all parties. requested reductions shall not be unreasonably withheld by the County. Developer may at ary 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 previsions 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 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. E. 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 cast 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. 40 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 e 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 s the County. Any amendment, deletion, modification, extension, or revision hereof or hereto shall be in writing, executed by authorized representatives of both parties. IN WITNESS WHEREOF, the parties hereto have set their hands and seals on the day and year first above written. WITNESSES. sign: print na,ne: ,enrrifer Jackson sign: - print � ATTEST: By: Je K. Barton, Ye��-�-�J 9 APPROVED AS TO FORM AND LEGAL SUFFICIENCY: William G. Collins 11 Deputy County Attorney (affix corporate sea]) INDIAN RIVER COUNTY, FLORIDA By s' 4KnnLeth R. Mach#, Chairm Board of County Commissioners C> 40 OLD ORCHID -PHASE I ENGINEERS ESTIMATE FOR CONTRACT FOR CONSTRUCTION FOR THE REMAINING REQUIRED SUBDIVISION IMPROVEMENTS Indian River County PROJECT # 98010081 PD -98-06-12 SUMMARY: Contract for Construction $ 937,355.75 Compteted Construction $ 667,004.80 Remaining Construction $ 270,350.95 Security AmOunts (115%) $ 310.903.59 Estimate prepared by: David S. Knight, P.E. Knight, McGuire. & Associates, Inc. 80 Royal Palm Blvd., Suite 401 Vera Beach, FL 32960 95-0471engmcers est. phase i Date:`ll`ft`� By;,3 � -`Q 4 060 David S. Knight, P.E. w. 0 Cisarin & Grubbin LS 1 $ 15,000.00 $ 15,000.00 1 $ 15,000.00 0 $ Gradin LS 1 $ 22,300.00 $ 22.300.001 1 $ 22,300.00 0 $ - ExcavateFEmbanklPlace LS 1 $ 104,400A0 $ 104,400.00 1 $ 104,400.00 0 $ - S See /Mulch LS LS 1 $ 2,500.00 1 $ 1,000.00 $ $ _ 2,50D.00 1,000.00 0 $ 1 $ - 1,000.00 1 $ 2,500.00 0 $ - Filter Fence Barr HayAFloating Barr LS LS 1 $ 1,000.00 1 $ 150.00 Rubtotal $ Is I $ 1,000.00 154.00 146.350.00 1 1 $ $ $ 1,000.00 150.00 143,850.00 0 $ - 0 $ - _S 2,500.00 Asint of Traffic LS 1 $ 3,Q0{]AO $ 3,000.00 0�$ES, - 1 $ 3,000.00 ,learin & GrubbingLS 1 $ 500.00 S 500.00 0- 1 $ 500.00 !4'WV' HOWL 2 ea) LS 1 $ 8,30 DD $ 8,300.00 1 i300.00 0 $ - 18" RCP LF 24 $ 25.00 $ 500.00 24 $ 600.00 0 $ - f pe'C' inlet EA 21$ 950.00 $ 1,900.00 1 $ 950.00 1 $ 950.00 lune Manhole EA 1 $ 2,100.00 $ 2.1 D0.00 1 $ 2,100.00 0 $ - 19"x30" ERCPIMes LS 1 $ 5.400.00 $ 5,400.00 1 0 S - 1 $ 5,400.00 19"x30" Temp Dr. Cul L5 1 $ 3,400.00 $ 3,000.00 I 0 $ - 1 $ 3,000.00 Remove Existing Headwall EA 3 $ 300.00 $ 900.Q0 3 $ 900.00 0 $ - Remove Existin 18" RCP EA I 1 I $ 3007.00 $ 300.00 11 $ 900.00 0 $ - 3emave Existin 28"x20'" EA 9 1 $ 400.00 I $ 400.00 i 1 $ 400.00 0 $ - Remove Existin Shoulder SY 214 $ 4.25 $ 909.50 0 $ . - 1 214 $ 909.50 Remove Merge Arrow 1 LS 1 $ 500.00 $ 500.00 0, $ - 1 $ 500.00 M01 1" ExisUDisp SY 2747 $ 3.15 13 8,653.05 01 $ 2747 $ 8,653.05_ W1d^ ening SY 1120 $ 17.25 $ 19,320.00 I 01�'S 1 1120 $ 19,320.00 Embanx {DiichlBerm CY 2520 S 1.85 $ 4,67.5.00 1 01 $ 1 2500 $ 4,625.00 4" Coquina Tem Ori SY 74 $ 4.50 $ 333.00 0 $ - 74 $ 333.00 Shoulder Construct SY 539 $ 11.00 $ 5,929,00_!__ 0 $ - 539 $ 5,929.00 1" Asphalt Dverla SY 2922 $ 3.75 $ 10,957.50 0 $ - 2822 $ 10,957.50 518" Friction Cours SY 2747 $ 2.85 $ 7,828.95 0 $ - 2747 $ 7,828.95 Finish Gradin LS 1 $ 2,500.00 $ 2,500.00 0 $ - 1 $ 2,500.00 Sad (Bahia) SY 2537 $ 1.25 1 $ 3,171.25 0 $ - 2537 $ 3,171.25 Tamp Paint/Permit Th LS 1 $ 500.00 I $ 500.00 0 $ - 1 $ 500.00 B" White Thermo LF 2005 $ 0.74 $ 1,483.70 01 $ - 2005 $ 1,483.70 6" Doubte Yellow Th LF 1500 $ 1.68 $ 2,520.00 0 $ - 1500 $ 2,520.00 6" Yellow ThPI 6" LF 1001 $ 0.84 $ 151.20 1 ❑ $ - 1 BD $ 151.20 18" Yellow LF 260 $ 2.21 1 $ 574.60 0 $ - 260 $ 574.60 12" White LF 80 $ 1.58 1 $ 126A0 0 $ - 80 $ 126.40 24" White LF 12 $ 3.151$ 37.80 0 $ - 12 $ 37.00 Tum Arrow White EA 4 $52.50 $ 210.00 D $ - 4 $ 210.00 Merge Arrow Tri Pi 1 3 $ 157.50 472.50 Amber Bi -Dir. RPM EA 180 S 5.25 S 945.00 0 $ - 180 $ 945.00 White Bi -Dir. RPM EA 13 $ 5.25 $ 68.25 D $ - 13 $ 68.25 Si n R-1-1 EA 1 $ 250.00 $ 250.00 ❑ $ - 113 250.00 8' Sika ath LF 540 $ 14.70 $ 9.408.00 01$ - 640 $ 9,40B.00 4' Sidewalk LF 52 $ 7,501$ 390.00 0 $ - 521S 390.00 2' Curti LF 100 $ ROD 1 $ 800.00 0$ 100 IS (;00.00 Performance Bond LS 1 $ 17,500.00 is 17.500.00 1 $ 17;500.00_ 0 $ _ - Testing LS 1 $ "!,000.00 $ 1,000.40 0 $$ 1 � _I ,000.00 Subtotal $ 127,584.70 $ '31,050.00 $ 96,514.70 0 2of4 1 rtuuuwn-vi,-.a,rc Gradin LP 2358 $ 1.95 $ 4,362.30 23581 $ 4.362.30 0 . EA l SY 5300 $ 22.50 $ 119.250.00 2650 $ 59,625.00 265{7 $ 59,625.00 Pavers Rock SY 53001 $ 5.20 $ 27,560.00 5300 48" AOS LF 4541 $ Stabilized Sub rade SY 6360 $ 2.00 $ 12.720.00 6360' LF4831 $ 20.00 I S Curb Miami LF 1 47151 $ 5.80 $ 27,34T.00 4715 $ 27.347.00 4.976.00 31111 Sod SY 1049 $ 1.25 $ 1.311.25 0 $ ` 1049 $ 1,511.25 lype'D' Curb LF 209 $ 6.50 S 1,358'.50 209 $ 1,358.50 0 $ - 12'St8" Ribbon Curd LF 20 $ 6.50 $ 130.00 20 $ 0 $ 130.00 - 0 $ 1180 5 - 2,360.00 Stab. Temp. Road (W)SY 10.00 1180 $ 2.00 $ 2.360.00 01 $ - 6„ PVC LF 2186 $ 8.75 $ Subtotal $ 1 196,3M05 $ 133,102.90 $ 63,296.25 i nlMarkin s E A 1 $ 250.00 I $ 250-00 0 $ - 1 S 250.00 Rl-t Oblect Marker EA 1 41$ 250.Ot} 1 $ 1004.00 ul $ 7 $ 530.00 $ Curb Inlet EA 7 $ 1,050.00 $ 7.350.00 7 $ 7,350.00 0 - C' fMet EA l 3 $ 850.00 $ 2,550.00 21 $ 1,750.00 1 800.00 Manhole EA I 2 $ 1.900.00 S 3,800.00 2. $ 3,800.00 I p $ - 48" AOS LF 4541 $ 55.00 $ 24,970.00 4541 $ 24,970.00 0! $ - 18" ADS LF4831 $ 20.00 I S 9,660.00 1 4031 $ $ 9,660.00 0 $ - 4,976.00 :5" ADS LF��3;11 $ 16.00 $ 4.976.00 31111 Control Structure EA 1 $ 3.400.00 ! $ 3,440.00 600.00 11 $ 01 $ 3,400.00 '- - 01$ 2 $ 600.00 Mitered Ends EA 2 $ 300.00 $ Subtotal $ 57,306.00 ! $ 55,906:00 I^ i $ 1,400.00 VNs1 s 91 PVC LF 205 $ 10.00 $ 2,050.00 I 1 205 $ 2,050.00 n 01 $ - 6„ PVC LF 2186 $ 8.75 $ '[9,127.50 2186 $ 19,1127.50 p $ - 6" DIP LF 40 $ 12.00 $ 480.00 40 $ 480.00 0, $- 8" Gate Value FJ+ 1 $ 080.00 $ 680.00 0 $680.00 V Gate Valve EA 7 $ 530.00 $ 3,710.00 0 $ 3,710.00 Fire Hydrant hA 3 $ 1.250.00 $ 3,750.00 3 $ 3.750.00 ! 0 $ - :Sample Paint EA 3 $ 150.00 $ 450.00 0 $ - 3 $- 450.00 Double Service No Box EA 20 $ 570.00 $ 11,400.00 20 $ 11,400.00 1 0 $ - 0 $ Sin le Service No Box EA 5 $ 320.00 $ 1,600.00 51$ 1,600.OU�- - Jumper LS 1 $ 1,000.00 $ 1,000.00 1 $ 1,000:00 0 $ - we Ta 10'k8" to 1 $ 2,600.00 $ 2.500.00 1 $ 2,500.00 0 $ - 2" Blow Off EA 1 $ 650.00 $ 650.00 1 $ 650.00 0 $ - 6" Plu EA 2 $ 100.00 $ 200.00 2 $ 200.00 0 fi" x ll EA 3 $ 350.00 $ 1,050.00 3 $ 1,050.00 0 $ - fi" 45 d ree Bend EA 1 $ 200.00 $ 200.00 1 $ 200.00 0 $ G'22.5 d ree Bend FA 2 $ 200.00 $ 400.00 91 it 400.00 0 6" x 6" Cross EA 1 $ 400.00 $ 400.00 1 $ 400.00 0 $ - 8" 45 d ree Bend LF 1 2 $ 250.00 $ 500.00 2 $ 500.0.0_ 0 $ - Meter Boxes EA 45 $ 70.70 $ 3 •00 0 $ - 70 S 3.1503 Subtotal $ 53,29T.50 S 45,307.50 $7,990.0[ 3 -of 4 ! _ 1 40 •