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Home My WebLink About2026-035Hampton Paris PD Phase 2 Guaranty 125% - IRC 913.10 Extension - IRC 913.10(1)(E) A TRUE COPY CERTIFICATION ON LAST PAGE RYAN L. BUTLER, CLERK MODIFICATION TO CONTRACT FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS NO. PD -21-04-04 (2004040192-96959) THIS MODIFICATION, made and entered into this 241h day of February 2026, by and between MERITAGE HOMES OF FLORIDA, INC., a Florida profit corporation, 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 entered into a Contract for Construction of Required Improvements NO. PD -21-04-04 (2004040192-96959) guaranteeing the completion of certain required improvements on or before February 25, 2026 and posted a Regions Bank Irrevocable Letter of Credit No. 55111484 in the amount of $216,617.91 as security to guarantee completion; and and WHEREAS, a portion of the required improvements has been completed; WHEREAS, the developer has requested an extension to February 25, 2027 to complete the remaining required improvements and has presented an amendment to the existing letter of credit extending the expiration date to May 25, 2027; NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS AND PROMISES HEREIN CONTAINED, the parties agree as follows: 1. The date for completion of the required improvements as outlined in the Contract for Construction of Required Improvements NO. PD -21-04-04 (2004040192-96959) is extended to February 25, 2027, 2. The Amendment No. 001 to Regions Bank Irrevocable Letter of Credit No. 55111484 extending the expiration date of May 25, 2027 is acceptable. 3. All other terms set out in the Contract for Construction of Required Improvements NO. PD -21-04-04 (2004040192-96959) remain in full force and effect. A TRUE COPY CERTIFICATION ON LAST PAGE RYAN L. BUTLER, CLERK IN WITNESS WHEREOF, the parties hereto have set their hands and seals on the day and year first above written. Signed, sealed, and delivered in the presence of the following witnesses: MERITAGE HOMES OF FLORIDA, INC a Florida -profit corporation By: ame: Address: Sign: Print Mame: f::;t 6t Ks o,-\ Address: 13 11 Is- n r s; Vm( s 3 4 d mss'- Sign: _ Print Name: c-ce Address: A39t &J vers: ,��'�l��l. -43ciM ATT T: Ryan � L. B ler, Cle k By: a �✓ Deputy Clerk Approved a to form and legal suffic' nc By: usan J. Prado Deputy County Attorney OPER •�pti1h!ISg�O•„ INDIAN RIVER COUNTY, F,�,i IDA By: �. Deryl Loar, Chairm� �+ . 9yR�✓ER Mills, Short e, Associates Exhibit "A" o2/Iono26 Prepare By: Mills. Short & Associates, LLC. Certified Cat Estimate For: Hampton Park PD - Phase 2 700 22nd Place, Suite 2C, Veto Beach, FL 32960 772.226.7282 IV R1 z �C r -" m MC)o C 0 O" 1+tt - O 0Z M s Xy X� a G) rn Engineer's Cost Estimate Item ROADWAY I Unit nit Price Total %Com lew S Value % Remaining S Value 1"SP-9.5ASPHALTIC PAVEMENT (ON-S11l;) SY" 5770 $1O,OO $57,700,00 90"-0 S 51,930 1W10 $5,770.0 TACK COAT PRIME COAT SY 5770 $1.00 $5,770.00 900/0 $ 5,193 100/0 $577.0 6" LIME ROCK BASE (LBR 100 ON-SITE) SY SY 5770 7955 S1.00 $13.50 $5,770.00 90% $ 5,193 100/0 5577.0 8" STABILIZED SUBGRADE (LBR 40) ON-SITE) SY 7955 53.50 S107,392.50 $27,842.50 906/0 S 96,653 100/6- $10,739.3 4" THICK CONCRETE SIDEWALK SY 1245 $48.00 559.760.00 90% 900/4 S S 25,058 53 784 100/0 106/0 $2,794.3 VALLEY GUTTER LF 492() 532.30 S158,960.30 90% $ 143,064 10"/0 S5,976.0 515 896.0 T},STING/FBV/DENSITIES/ROAD&BACKFILL. LS 1 $131,667.00 S1131.667.001 90% S 118,500 100/0 $13,166,7 DRAINAGE Totsl S554,R62.30 MODIFIED MIAMI CURB INLET FA 14 $4,450.00 562.;()().()() 90°x0 S 56,070 10% S6,230.0 TYPE J INLET EA 6 56,000.00 536,000.00 900A S 32,400 100/0 $3.600.0 36" ADS N-12 24" ADS N-12 LF 1,030 $170.00 5175,100.00 90% S 157,590 109/8 $17,510.0 18" ADS N-12 LF 630 $100.00 $63,000.00 95% $ 56,700 10% 56,300.0 15" ADS N-12 LF 1.443 $72.00 5103 896.00 900/0 $ 93.506 100/9 510 389.6 LF 154 $65.00 10,01000 900/0 $ 9,009 10% $1,001.0 Total 545Q306.00 R" PVC WATER MAIN 8" 22.5 DEG. FIT TING LF 2574 S54.00 $138,996,W; 90% S 125,69-6 100/0 513.899.6 R"rR" TEE EA5 650.00 S3,250.00 90% S 2,925 10% 5325.0 FIRE HYDRANT ASSEMBLY EA EA 3 5900.00 $2,700.00 900/0 S 2,430 100/0 S270.0 8"(in'1'EVALVE 2 S7,950.00 S15,90().00 90% $ 14,310 10% $1 590.0 Cis EA 6 52375.00 $14250.00 90% $ 12,925 )0% $1425.0 SINGE ATIWAT:R ERVISERV SINGLE V�'ATGR SERVICE EA FA 33 $2,450!00 S80-850.()() 90% S 72,765 10°/o S8.095.0 9 51,725.00 S]5,525.00 90%5 13,973 101% 51,552.5 SANITARI' SERER Total S271,471.00 10" PVC SANT-1-ARY MAIN SANITARY MANHOLE LF 211 I 565.00 $156,715.00 90°/o S 141,044 10% $15,671.5 DOUBLE SANITARY SERVICE EA EA 12 S101850.00 5130,200.00 90% S 117 180 10% $13 020.0 SINGLE SANITARY SERVICE 37 $1,900.00 $70,300.00 90% $ 63,270 1fte S7,030.0 EA 5 $1,700.00 $8,500.00 900/" S 7,650 104% 5850.0 Total S365,715.00 O'CHI':R SURVEY STAKE OUT LS t 513,168.00 $13,168.00 90% $ 11,851 10% $1,316.8 SURVEY AS BUII:I' LS II 57,900.00 $7,900.00 909/6 S 7,110 10% $790.0 SURVEY - SET PCP AND PRM L S 1 51.054,00 S1,054.00 9(r0 S 949 100/6 S105A DESIGN AND PERMITTING SERVICES LS 1 $52,667.00 S54667.00 900/0 S 47,400 100/0 $3,266.7 ENGINEER INSPECTION / CERT. LS 1 $1580000 $15,11M.00 908/0 $ 14,220 10°/" S115800 Total 590,589.00 700 22nd Place, Suite 2C, Veto Beach, FL 32960 772.226.7282 IV R1 z �C r -" m MC)o C 0 O" 1+tt - O 0Z M s Xy X� a G) rn Mills, Short ?- Associates "total Amount 51.732.943.30 Percentage Complete 90.00% $ Value Complete $1.559.648.97 Percentage Remaining 10.00% $ Value Complete $173.294-33 Surety Amount S2I6,617.91 James W. Mills. A Florida d mcer. License No. 74145, do hereby certify to Indian River County that a cost estimate has been prepared under my responsible direction �• t i /! �r (Signature) Uatr. 5 W /�i James Mills, P. � ' (��'--'ryjeense No 74145 546 No. 74145 p- STATE OF ' �'c�s •'rLORIDP'• G��'�� SOQNA1. IRC ENGINEERING DIVISION Accepted Insufficient j,RC planning 700 22nd Place. Suite 2C. Vero Beach. F[, 32960 772.226.7282 02/10/2026 Accepted j6R�10Z-02;9c Insufficient UT1LtrIF* 2050 PARKWAY OFFICE CIRCLE, 2ND FLOOR, HOOVER, AL 35244. S.W.I.F.T. UPNBUS44XXX PHONE (866)828-6928 FAX (205)905-50151 DATE: FEBRUARY 19, 2026 L/C NUMBER: 55111484 AMENDMENT NUMBER: 01 BENEFICIARY: INDIAN RIVER COUNTY 1801 27TH STREET ATTN: NADIA WESTERIK OFFICE OF COUNTY ATTORNEY VERO BEACH, FL 32960 OPENER: MERITAGE HOMES OF FLORIDA, INC. 16655 NORTH CLARET DRIVE, STE 400 SCOTTSDALE, AZ 85255 WE HAVE AMENDED THE CAPTIONED LETTER OF CREDIT AT THE OPENER'S REQUEST. TERMS AND CONDITIONS AS AMENDED: EXPIRATION DATE AMENDED TO: MAY 26, 2027. THIS AMENDMENT MUST BE ATTACHED TO AND BECOME AN INTEGRAL PART OF THE ORIGINAL CREDIT. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. SINCERELY, (AUTHORIZED SIGNATURE) Page 1 of I STATE OF FLORIDA --fl0-Al9'RIVER COUIM THIS IS CERTIFY THATIS A TRUE AND CORRECT COPY THE C)R+iNALON KE IN HIS OFML AREGIONS"' DATE 2050 PARKWAY OFFICE CIRCLE, 2ND FLOOR, HOOVER, AL 35244. S.W.I.F.T. UPNBUS44XXX PHONE (866)828-6928 FAX (205)905-50151 DATE: FEBRUARY 19, 2026 L/C NUMBER: 55111484 AMENDMENT NUMBER: 01 BENEFICIARY: INDIAN RIVER COUNTY 1801 27TH STREET ATTN: NADIA WESTERIK OFFICE OF COUNTY ATTORNEY VERO BEACH, FL 32960 OPENER: MERITAGE HOMES OF FLORIDA, INC. 16655 NORTH CLARET DRIVE, STE 400 SCOTTSDALE, AZ 85255 WE HAVE AMENDED THE CAPTIONED LETTER OF CREDIT AT THE OPENER'S REQUEST. TERMS AND CONDITIONS AS AMENDED: EXPIRATION DATE AMENDED TO: MAY 26, 2027. THIS AMENDMENT MUST BE ATTACHED TO AND BECOME AN INTEGRAL PART OF THE ORIGINAL CREDIT. ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. SINCERELY, (AUTHORIZED SIGNATURE) Page 1 of I