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Home My WebLink About2000-20440 40 i • . )"j I'I;Yti'�'eran�uaYnt�n �i��n I O[ corporale. for tise with letter UI cIedil CONTRACT FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS NO. PD -99.99.13 (98090107) THIS CONTRACT, made and entered into this -b day of -T 111 C , 2000 by and between Arbor Trace Development, Inc., a corporation existing under the laws of the State of Floida, 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 Arbor Trace - Phase 1I - 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 ,lune 20 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 Am s l_ 1 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 park 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 First union Nat`onal n , as the underwriting bank, in the amount of $ 862,537,34 _ , 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 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 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 i 40 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. B. 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 cost 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. 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 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, executed by authorized representatives of both parties. i ob i • IN WITNESS WHEREOF, the parties hereto have set their hands and seals on the day and year first above written. WITNESS print name: sign: print name:(' ATTEST: Jeffrey K. Ba Piri, Clerk Deputy Clerk u APPROVED AS TO FORM AND LEGAL SUFFICIENCY: William G. Collins II Deputy County Attorney ARBOR TRACE DEVELOPMENT, INC., a Florida rporation, D/EVE/LOP/E/R (signature of President, Vice Pr sident or Chief Executive Officer)/ / �) (typed name and title) (affix corporate seal) INDIAN RIVER COUNTY, FLORIDA By: r!;L,?.,Le1e u. A1, C, )5WXft-X40AM§XPMiXrA1JM Caroline D. Ginn Board of County Commissioners Vire Chairman BCC approved: June 20, 2000 • 40 • TRIAD M* INTERNATIONAL CONSULTANTS, LLC ARCHITECTURE •- r-miNceRi a + ENVIRONMENTAL SCIENCE • L1c. as A1t0014460, PE0048947 June 23, 2000 Mr. Stan Boling, AICD Indian River County Planning Dept. 1840 251h Street Vera Beach, FL 32960 Re: ,Arbor Trace Certified Cost Estimate IRC Application No.: 98090107-008 Triad Project No.: 99-018 Dear Stan; I, Rick J. Melchiori, P.E. do here by certify the attached cost estimates are true and complete to the best of my belief and knowledge with respect to the infrastructure improvements at Arbor Trace. Should you have any questions or require additional information, please do not hesitate to contact this office at your earliest convenience. Sincerely, Triad International Consultants, Inc. Rick J. Ichiori, P.H. Princip 2145 141h Ave.. Swie 24. Jura Sanch, FL 52960 • 061) 77&4707 M (561) 77(}4640 Fan 231ho Amar Ral. Of rnnntl Baocr+. F L 32114 • (904) 673-8736 . (904) 2520673 Fax !1 40 40 - ARBOR TRACE E}(H1817 "A°' ARBOR TRACE PHASE 1 09.4und30 ITEM OESCRIPITTON PAO.E 1 LLNIT . QUANTITY UNIT PRIG@ EMEH$IOH ! QIJAHTTY' EXTENSION t TO GATE T4 DATE 9ALAHCE.. To C411P. 1 12047.821 ROADWAY 50.00 52047.82 $UA -TOTAL f2! I $2V.55d62 1 i R1 GRADING 1 LSF ] 45801 $3501 516630.001 251AI 10.801 116029.13 R2 STABILIZATION 8' $,Y. 139501 11.651 S23.017.501 01 30.001 123.017 501 01 'INLETS 'C4q INA S' S.Y. I 11,2971 55:001 $58335.001 01 S0. 0o1 . 5567,3500 _R3 ' R4 I ASPHALT 1' S.Y. T 1,2671 $2.50 $28,167501 al 50.001 $20,167 501 R5 MOD. MIAMI CURB _ L.F. 1 9,6661 55.301 363.163.091 01, 30.001 $53,163.00 RS TYPE'D-CURS L.F.I 2001 57001 31460.001 OI 50.001 31.490.001 R7 'I SEED & MULCH _ S Y 1 10,7401 30.201 S2 140.001 _ 01 $0.001 S2.148.m _ORI BA$E GROUP 16 S -Y. 230 110.00! S3 3010.001 0 S9.OU1 SZ IOO.W ORA ASPHALT SY 13001 52501 43.250.001 01 $0.001 53,250.001 ORS RSMOVAL OF E MST. SHOULDER L.S. 11 1500.001 5500.001 ol. 50.001 $509.00 nPA PAVFMFNT MARKINGS L.S. ! 11 _42000.001 $2000001 01 10.001 52,000.001 OR7 'SOD . S.F. $2,0461 30.171 12047.821 01 50.00 52047.82 $UA -TOTAL f2! I $2V.55d62 1 i • DRAINAGE I j I 1 01 'INLETS IEACH 1 141 31275.001 117850.001 8t_$10.200.001 _ 17630.00 D2 iMANN4LE5 i EACH 11 51.500.001 11.590.001 II 21.5oowl $0.00 h O3 CONTROL STRUCTURE EACH 1 3 199.00 $3 100.80 0 S9. 0 53 190.00 04 R.C.P. 42' L.F. 745 555-04 0 50.110 50.00 05 NR.C.P.30' L.F. 264 542.001 01 $4.001 50.001 06 'R.G.P.30' I L.P. 460 34A01 Al 50.00 O.00 D7 1 R.C.P. 24' L.F. 7201 S25.O01 O 50.00 $0.00 00 'RCP 10' L.P. 1 301 519.901 of 30.001 $0.001 D4 _ ADS 42' t F. 74SI 555.001 540:975.001 410. S22.650.001 $18 42S.P% D5 AOS 36' I L.F. 2601 538.001 S9.880:001 2801 59.880.001 $0.00 08 AOS aO' LF 4901 S31.0DI $14250.001 3901 59.394001 54.860.001 07 'ADS 24' LF E 7201, 323.001 $16,560,001 01 50.001 518.560.04 08 AOS 16' L.F. 1 301 521.001 _ SWO.001 01 30.00) _ 3630.001 09 OSLO RD, "WT TRAFFIC 6 PAVM"T RESTORE LAS. 11 $2.463.401 32.443.041 01 50.001 52.483.001 - SUB-T4TALI I __ 4107118.001 15!7,785.00 CUT10'-12' L..F 7661 118.501 S14171001 0 59:001 114.171.ml sy 'SERVICE110INTSSINGLE EACH 91 $34000 13,060.001 41 $1360001 S1.100.00] 54 SERVICE POINTS DOUBLE T EACH I 371u!460,001 S16.BS0 _p91 51 $2250.001 514400.001 $5 FORCE MAIN 4' L.F. 1 7601_ 47001 $1223220-001 1701 $1,190.001 $11.130.001 S8 FORCE MAIN 8' [OSLO ROA_41 L.P. 1 1 :00! 511 001 513,200 001 01 59.901 513.200 ON $7 _FITTINGS 8045 _ EACH _ 21 _ $200.001 5400061 _ 01 30001 1.001{.00 BD 90 EACH II 5200001 5200.001^ 0. 40.[x7 AO _58 PLU4 VALVE? 'EACH 7 tj 52 0.001--5200 001 41 SO oot-, L3200 001 So 11FT STATInN L.S. 1 f N $75,000001 575,000.001 '5%1 516.750 Qpl 156.150.001 80.1 0WUjl-QD / : *, - cc_ 40 40 C. ARBOR TRACE EXHIBIT "A" ARBOR TRACE PHASE 7 ITEM DESCRIPTION PAGE 2 ' UNIT ' QUANTITY' UNIT PRICE EXTENSION 4UANTI7Y' EXTENSION I BALANCE W1 'PV.G. 6" W2 Q.I.P.. 8' L.F- LF. 3.3581 4151 $13.Wl 316,001 54:y.ty.74.W1 $7470.001 wu� 01 a��.iw.wi $0.041 a.77,aay.W 57 dTG.00 W3 I FITTINGS 8' 1 $837,708.959 6123 999.1 51000 TEE W X 4' ; EACH -1 51 S220.W1_ S1 100.001 01 $0.901 31.100.001 TeE 8' X 8' I EACH I 7 $250.001 32SM001 01 30.983 3250.001 REDUCER V X 4' EACH 11 $140.001 3140.00 01 50.001 $140.001 BEND, Ir - 45 EA1H 1 21 5166.404 3376.901 21 5338.001 SQ DD CROSS Ii X 8" EACH 1 21 5300.901 SMOD1 11 5300.001 5300.001 GATE VALVE 8" I EACH 1 13 5800.901 550.464.001 8 54,800.001 S5 890-00 PLUG 4" W12" SLOWAFF . EACH ` 71 5300.001 52.100.001 01 MOM 52.100.001 W7 'SERVICE POINTS SINGLE 'EACH 1 141 $425.001 55.950.004 31 51275,401 $4,675.001 W8. --i SERVICE. POINTS DOUBLE -- ' EACH ' 381 $800.001 $22,890.901 61 53,400.001 $19.800.001 W8 ; FIRE HYDRANTS I EACH 1 31 52.350.001 57,050.001 i 52.359.001 54.700.001 W10 I WET TAP 8" x 8' I EACH I III $2.690.001 52.600.401 W $0.001 52,800.001 W1i I. JACK&BORE B" ILS. I 1 $5,00D.001 55000.00 01 50.001 55000-00 W f 2 I SAMPLE PC]14TS (TEMPI EACH I ai.4GI 01 .00` 0000.00 I I SUB-TOTAF.I $837,708.959 6123 999.1 51000 HC3&7 "TYPE'S' BUFFER, INCLUDING IRRIGATION LF. -1 L4001 $15.ODI $25,DpD.001 01 59.001 521,.'^6-001 w I MISC. CONDUIT W5.001 568.250.001_ _01 SD.001 588,250.00 1 100%L__$Z5W,001 $2.500.001, 01 50.8111 52500,001 1 SC3 'SURVEYING ' LS. ! 3%1 522,573.524 522,57'3.521 01 M7 ! P.V.C. 4" 1 L.F. 1 1,0001 33.001 S3,000,001 4 $0.001 Si 000.00! M2 ] P.V.C. 3' 1 L.F. I 1 000 32.04 300.00 0 50.00 $2 300.00 YJ I P.V.C. 4' (INSTALL ONLY1 LF- 1,0001 32.WI S2J000.001 01 _ S0.0 -OJ 32.00G.00i M4 -P.V.C. 2" (INSTALL ONLY) I L.F. I 1,00DI 31.551 Sf S5(1.001 91 50.4651556.00 SUB -TOTAL _ 58,860.001 38,858.001 'NOTE, TYPE'B' BUFFER BASED ON ESTIMATE FROM NIEHAUS LANDSCAPE COMPANY USING EXISTING SITE TREE COVERAGE TO MEET OR EXC THE BUFFER REQUIREMENTS. REQUIRED UNDERSTORY MATER_IAL�IRRIGATION AND PROTECTIVE FENCING AS NEEDED TO ASSURE INTEGRITY OF EXISTING VEGETATION INCLUDED IN PER FOOT PRICE- PRICE INCLUDES THE RELOCATION OF 120 PALMS X550 EAC_ ,'NPE'C'BUFFER INCLUDING IRRIGATION BASED ON TYPICAL PLAN PROVIDED, FIGURE INCLUDED RELGOATION OF EXISTING PALM TREE FROM INTER KOR OF BUILDING SITES- �� I I I I �� TOTAL $752,450.821 $837,708.959 HC3&7 "TYPE'S' BUFFER, INCLUDING IRRIGATION LF. -1 L4001 $15.ODI $25,DpD.001 01 59.001 521,.'^6-001 HC3&7' TYPE "C' BUFFER INCLUDING IRRIGATION _ L.F.2,6501 W5.001 568.250.001_ _01 SD.001 588,250.00 SC2 ''ENGINEER{NG ! LS. " 100%L__$Z5W,001 $2.500.001, 01 50.8111 52500,001 1 SC3 'SURVEYING ' LS. ! 3%1 522,573.524 522,57'3.521 01 311.001 =.573.521 'NOTE, TYPE'B' BUFFER BASED ON ESTIMATE FROM NIEHAUS LANDSCAPE COMPANY USING EXISTING SITE TREE COVERAGE TO MEET OR EXC THE BUFFER REQUIREMENTS. REQUIRED UNDERSTORY MATER_IAL�IRRIGATION AND PROTECTIVE FENCING AS NEEDED TO ASSURE INTEGRITY OF EXISTING VEGETATION INCLUDED IN PER FOOT PRICE- PRICE INCLUDES THE RELOCATION OF 120 PALMS X550 EAC_ ,'NPE'C'BUFFER INCLUDING IRRIGATION BASED ON TYPICAL PLAN PROVIDED, FIGURE INCLUDED RELGOATION OF EXISTING PALM TREE FROM INTER KOR OF BUILDING SITES- �� I I I I �� 40 do _'-ia _ i=,L r.F _ fli• E'.y''ER ER e .'F'EL _ . ii'I•-U EF PEU 1 i'jhr'1t7UNT _ l r j E i•ii I E EXF° T F"r DATE __.M.--__ --___— ___----__._-- ._.—_. _.-- -'a '_�5 )E4�']c`•'., 1.37 ''34 ! ti. 6 2!+ ' Cao t t7 2 /00 . INDIAN RI'•,'ER COUNTS: ARBOR TRACE DF`v'ELOPMEN'T INC _JIUAFtiD OF COUNT :'L"iItI55It f€EF'S 444` STE 2"_50 940 25TH STREET - VERO ', IzA+::'r'. P;_ _rN ..'" -hJrF OF ..= ° ;!?r"s�`c _.iLOF"?=.i•l? it;^�, . F'IRET .:raJCPi Vr7:Crir BANE, HEREBY =STAR- ISHtS :gra IRREVOCABLELETTER -,F _PEDIT WO. Zr'I413. ..72.. :f, YOUR FAVOR iIti YHE zSi_2...3 7 34 '=F= c `' I'•. � AS OF ?UKIF 2z, 2.00' ti: it E?;F I F ING OF JFT CIE AT THE rL415E OF C+JS'-rNFSS ON�^:cPTEI DER --:3, 2600 THIS LETTER 7F CREDIT 15 PROVIDED T% YOU AS REQUIRED 0-IDEP THE CONTRACT FOR Ci LL1I�2E + I"1PZi3'.'LI1Fl:T T ' .TWEi' 4PODP =AC= ZFVEt--L"'`IEI,I'F INC �'JP :'dD•:A.li FIVER _CUN RELAT:tAG T!, APBGr TPAC'E ;SA E _ D, WHIrN CONTRACT I8 NuMBER PL -97-09-i.3 (980=?0107, i.= l srl-, T TC) '(.ju THE r`'"OUNT DF Tf lr CRF -_=T AGAINST YOUR SIGHT TC !9S=ii*:T'•`}`il Ni; THIS LET`:: R OF CREDIT ?> E"412C, ACCOMPANIED Ii S" :=E OL';T' N 1F THE BOAR~ OF COUNTY COMMIS5Ii`!:'•1ER TO THE AFFECT THAT ARBOR ^E•• lit:.. INC.HAS 'EFF, J4 FG NDEF FHF RVIS Or- THE -%FOREMENTIONED is •yLT F !!•=TP'1 :.UPt ...FpF t 1InED ECIPP.CIer�nrl _ Arli THAT THE + Ibl i T OF THE .=r"'T.OUrI - ^ t'. -G' :ICED i '4 T!il:, ._:.:?L3r'.'i _ F=._rLF- I LL THEM PERFORMANCE-' a 3I+ F R, C FOR THE %ar TRUC7110N OF REQUIRED _!^PROVEMENTS_ DRAFTS r,.I-Avrlt=ryT {li:DER eHF. i=:ily:T SHAL.. 2E eRr.EC DRAWN Oil[ IRREVOCABLE .:r2'JI.T iiia, SM413222C 'J= FIRST �LjNIOP NAi ! OOi'aL �fS.MK. '= "P -REVOCABLE LETTER OF CREDIT SETS FORTH !,N THc TERMS OF OUR THIS UIJDERTAKING 3HALL_ NOT IN AN,' WAY 3E NODIFT_EO, AMENDED, IF'IED OR I";C URPCiRATED BY REF=PENCE TC +linty ?}^"'i_rsEN CtiR COPITFAt T REF? BRED '-;FRFiI`d OFi Irt LaHiCH THIS E? •R Cf' CRI [9 ec-FEPREP "o OR Tu WHICH LEI 'ER OF tEi'IT RELATE5 AND ANY c+ , t_{ HEVER--ENC'E ZHALL 'VO' BE DEEMED `,-OPPORATE HEREIN BY REFFRENCF ANY [iQ Uf11:::'T ;ht=TRL: i hi 37 CONTRACT. -:EPEFY AGR'E ''WITH Y13U THAT DRAFT(S) DRAWN '.J."IFSF isl4r.• IN COMPLIANCE WITH THE ri'•iC C r:dDITIQNS OF TtiIIS CEEDIT SHALL Ix w`'JL F'hlflr? 7 IF F"FESENT; D TOGETHER ;_CUMENTiSi AS SPECIFIED r",i;OVE AND THE ORICTiNA;_ OF THIS CF:FDIT, AT OUR -.ME LOCA T Fry AT 6739 RESEARCH DRIVE', CHARLC'ii "EC 2026-2, TEN STANDBY ~'IEP OF CREDIT DEPARTMENT ON OR BEFORE THE ABOVE STATL'D EXPIRY DATE. •-l'T,S% €)RAWW UNDER THIS CREDIT MUST SPE; IFICAL_Y REFERENCE OUR CREDIT PJUMBEF. - T . S OTHERWI�5E EXPRESSLY ST?TED HEREIN, THTS L -7 -Ery 07 CR:_DIT I5 SU1BJEC- 4E UNIFORM CUSTOMS AND FFIACTI F FOP f=C1CU"r-N`IAFY ';EDITS, ESTAULISLIED BY _:fiERNATIONAL rHAMBER OF IZOMINERC'E, AS IN EFFECT 1D.N HE DATE OF' I'a`SUANCE -HTS CREDIT .rar:;•.1'UF.F T {.!P•' I rJr1 ;a T I CNAL RAMS frit 0 40 4D AMENDMENT TO IRREVOCABLE STANDBY LETTER OF CREDIT (76/_T/On BENEFICIARY: INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS 1640 25TH STREET VERO BEACH, FL 32960 LETTER OF CREDIT NO. SM4132.22C GENTLEMEN, WE AMEND OUR REFERENCED LETTER OF CREDIT NUMBER ISSUED IN YOUR FAVOR FOR THE ACCOUNT OF ARBOR TRACE DEVELOPMENT INC AS FOLLOWS -EXPIRY DATE EXTENDED TO 09!23/01 THE FOLLOWING CONDITION I5 INSERTED: DOCUMENTS MAY BE PRESENTED AT EITHER OF OUR FOLLOWING LOCATIONS' INTERNATIONAL DIVISION URP4 - OR - INTERNATIONAL DIVISION B739 RESEARCH DRIVE 200 S. BISCAYNE BOULEVARD CHARLOTTE, ]VC 28262-0742 MIAMI, FL 33131 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED THIS LETTER IS TO BE ATTACHED TO AND TO BECOME AN INTEGRAL PART OF THE ORIGrNAL CREDIT INSTRUMENT. UNLESS OTHERWISE EXPRESSLY STATED HEREIN, THIS CREDIT IS SUSJECT TO THE UNIFORM CUSTOMS A14D PRACTICE FOR DOCUMENTARY CREDITS (1993 REVISION), INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500. SINCERELY, (AUTHORIZED SIGNATURE FIRST UNION NATIONAL BANK EVOI CLD