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HomeMy WebLinkAbout2000-14240 oIfflvl'I.A;4ii-(it n1mi h for use wifll leticr (if credit S CONTRACT FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS NO. PD-99-10-15-Bt99070001.007j THIS CONTRACT, made and entered into this 9th day of May 2000 by and between POINTE WEST OF VERO BEACH, LTD., a Florida limited partnership, 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 unincorporate i area of Indian River County shall not be recorded until the Developer has installed the t 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 Pointe West Central Village, Phase i P.D.; and S 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 May z, 2001 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 �- 7 • 0 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 Bank , as the underwriting bank, in the amount of $ 978, 247.6 , 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 without an express written modification thereof executed by all parties. 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 underly; ig 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 indicated by specific written approval of the Public Works Director or his designated f 40 0 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 ali 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 tetter(s) of credit be exhausted prior to completion of the required improvements. In no event shall the County be obl.,gated 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 shali 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. IN WITNESS WHEREOF, the parties hereto have set their hands and seats on the day and year first above written. f C1 L-1 POINTE WEST OF VERO BEACH, LTD., a Florida limited partnership DEVELOPER By: POINTE WEST OF VERO BEACH, INC., a Florida corporation General Partner WITNE SE Signa By: print'naM6 G! -(/C j/f Chanes R. Mechling, President signer G l � ` (seal) print name: d INDIAN RIVER COUNTY, FLORIDA ATTEST: J. K. BARTON,..CL RK B� '-- Deputy Clerk f APPROVED AS TO FORM AND LEGAL SUFFICIENCY: Y� William G. Collins Ii Deputy County Attorney Fran B. Adams, Chairman Board of County Commissioners E-�] 4b �wj POINTE WEST 1•Y1,d.".■�=ffJc[xi�l1Pit �[�11Felr111\'QII�'11rLal[y E V I- 1 n i 1 L,\ 11 Z7 -Apr -DO ROADWAY Ri GRADING L+�.F. 5 3fl❑ $3.50. $18.550.00 R2 STABILIZATION 9' S.Y. 16,730 1 $1.65 R2A COMPACTED SUB -GRADE S.Y. 16,730 1 $0.50 ; $8,365.0a R2AA SUB -BASE 3" MAT. FROM SITE S.Y. 16,730 1 $1.00 1 $16,730.00 R3 COQUINA 6" S.Y. 13,786 $5.001 R3A BASE 7" MAT.FROM SITE S.Y. 13,786 I $2.50 1 $34,465.00 R4 ASPHALT 1" S.Y. 1:3,7 $2.601 RAA ASPHALT 1.5" S.Y. 13,786, $3.501 $-48,251,00j R5 MOD. MIAMI CURB L.F. 9,8801 $5.50 1 $54 340.00 R6 TYPE "D" CURB L. F. ❑ $7.001 $0.44 R7 TYPE "F" CURB L.F. 724 $6.50 I $4 680.04 R8 SIDEWALK 5'X 4'" L.F. b $14.00 1 $0.00 R9 SIDEWALK W X 4" L.F. 01 1 $0.40 R10 CONCRETE 14'X 6" L.F. 764 1 $28.00 1 $21,280.00 Rif I SEED & MULCH S.Y. 11.7781 $0.20 1 $2,355.56 R12 SOD S.F. 27,572 1 $0.17 1 $4,687.24 R13 STRIPING AND SIGNAGE L.S. 1 $7,500.00 1 $7,500.00 SUB -TOTAL $221,203.80 DRAINAGE D1 INLETS EACH 35 $1, 400.04 1 $49,000.00 02 MANHOLES EACH 8 $1.540.00 1 $12,000.00 D3 CONTROL STRUCTURE EACH 0 $3,200.00 1 $0.00 04 ENDWALLS EACH 2 $7.500.00 � $15,000.00 05 R.C.P. VX 8' L.F. 130 $100,001 $13 000.00 D8 R. C. P. 60" L.F. 0 $93.001 $0.00 D7 R,C.P.54" L.F. 70 $85.001 $5950.00 D8 R.C.P. 48" L.F. 9551 $56.001 D9 R.C.P. 42" L.F. 1251 $65.00 1 D10 R.C.P. 36" L.F. 13&0 $42.001 D11 R.C.P. 30" L.F. 4081 $34.001 D12 I R.C.P.24°" LF. 11301 $25.001 013 R.C.P. 18" L.F. 420 1 $19.001 D14 R.C.P. 15" L.F. 3251 $18.501 08A ADS. 48" L.F. 855: $52.00 $44��460� x__00 094 S42" L.F. 125 $48.00 1 $6 400.00 D10A ALIS 36" L.F. 1,3601 $34.00 1 --M $46,240,00 Dl 1A AOS 39' L.F. 408 $28.40 1 $11 424.00 D12A ADS 24" L.F. 1.1301 $22.40 $24,860.00 D13A D14A ADS 18" ADS 15" L.F. L.F. _ 420 $19.fl4 740 $13.04 X980.00 $9,820.4]4 SUBTOTAL 5248b34.041 E V I- 1 n i 1 L,\ 11 Z7 -Apr -DO • C7 POINTE WEST 27 -Apr -00 40 POINTE WEST 27 -Apr -00 POINTE WEST CENTRAL VILLAGE PHASE 1 27 r-00 I ,FELIX I ---- ITEM I DESCRIPTION PAGE 3 UNIT QUANTITY UNIT PRICE! EXTENSION i i MISC. i M1 , P.V.C. T, L.F. 1 000 ; $2.30 1S2 306.@0 M2 I P.V.G. Z L.F, 1 000 $7.75 1 $1.750M M3 P.V.C, 3' INSTALL ONLY L.F. 1 000 ! $1.551 $1,550,00 M4 R.V.C. 2" INSTALL ONLY) L.F. 1,000 $1,10 1 $1,100.00 M5 MAINT, BOND UTILITIES 25% L. S. 1 $1,500.001 $1,500.00 SUB -TOTAL !$8,200.00 TOTAL $817,932.80 J ENGINEERING L. S, $8,179,331$9179.33 SURVEYING L,S. 3°% $24,537.98 1 $24.537.98 SUB -TOTAL $32,717.31 GRAND TOTAL 1 $860,65011 BOND 415°/.1 $978,247.62 27 -Apr -00