HomeMy WebLinkAbout2006-382 The Antilles Subdivision 1/ 7 �G
MODIFICATION TO
CONTRACT. FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS
NO. SD-04-08-37-CFC (200402020546588)
THIS MODIFICATION , made and entered into this 7th day of
Nwuember , 2006 , by and between Antilles Vero Beach , LLC, a Florida
limited liability company, 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. SD-04-08-37-CFC (2004020205-46588 )
guaranteeing the completion of certain required improvements within the plat of
The Antilles Subdivision on or before August 16 , 2006 ; and
WHEREAS , Developer posted a Colonial Bank, N .A. Standby Letter of
Credit No. SB 992380 in the amount of $4 ,297, 528 . 12 as security for the
completion of the required improvements which will expire on November 16,
2006 ; and
WHEREAS , Developer has requested an extension to December
222 2006 to completaJhe required improvements due to delays by the utility
provider; and
WHEREAS , staff has no objection to an extension to December 22, 2006
so long as the security guaranteeing the completion of required improvements is
amended to extend the expiration date to 90 days beyond the requested
extension date ,
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 . SD-04-08-37-
CFC (2004020205-46588 ) is extended to December 22 , 2006 .
2. The Colonial Bank, N .A. Standby Letter of Credit No . 992380 is to
be amended to extend the expiration date to March 22 , 2007 which is 90 days
beyond the newly requested December 22 , 2006 extension date.
3 . The amendment to Colonial Bank, N .A. referenced in paragraph 2
above must be received no later than 2 :00 p. m . on Tuesday, November 7 , 2006
by the County Attorney's Office otherwise this Modification is null and void .
r
4. All other terms set out in the Contract for Construction of Required
Improvements No . SD-04-08-37-CFC (2004020205-46588 ) remain in full force
and effect.
IN WITNESS WHEREOF , the parties hereto have set their hands and
seals on the day and year first above written .
ANTILLES VERO BEACH , LLC, a
Florida limited liability company
Signed pr nce DEVELOPER
Sig s
Print: �� By: IRONWOOD DEVELOPMENT,
INC. , a Flo " a corporation
Sign :
n Managing Member
Print: By.
Ca lickstein , President
INDIAN RIVER COUNTY, FLORIDA
by and through its Board of County
Commissioners
B :
rthur R. Neu erger, Chai n
A
ATTEST: J . K. Barton , Clerk of Court
pQ} _ BCC approved : n, i,Amr � ,-006
By: C X�� l�..eX�,-
Deputy Clerk
APPROVED AS TO FORM
�
t
LEGAL(84FF1 1A
WILLIAM O. COLLINS d
COUNTY ATTORNEY
2
F:\Attorney\Nancy\DOCS\PLAN\MODIFICATION k for con antilles.doc