HomeMy WebLinkAbout2007-014 Huntington Place
CONTRACT FOR CONSTRUCTION OF
REQUIRED IMPROVEMENTS
NO . SD-04-0641 -CFC (9303007146302)
THIS CONTRACT , made and entered into this 9th_ day of
.Tanunr )r , 200aby and between FOSTER I. R.C., LLC , a California 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 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 Huntington Place ; 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 January 9 , 2008 , 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 .
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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
Fi fi- h Thirel Bank _ , as the
underwriting bank, in the amount of $693,878.75 , which amount Is not less than one
hundred twenty-five percent ( 125 %) 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 unless approved in writing by the County's Public Works Director
pursuant to Indian River County Code Section 913 . 10 . Requested reductions shall not
be unreasonably withheld by the County, but shall be subject to administrative fees as
established 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 .
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Developer shall remain responsible for utility meter boxes , sewer clean
outs, and drainage culvert inverts , to be in good repair, accessible, correctly plumbed ,
and not covered with topsoil , concrete or impervious material for the 3-year
maintenance period commencing after County issuance of a Certificate of Completion .
Notice of this ongoing responsibility shall be provided by Developer to any subsequent
builder/homeowner.
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 .
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 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(§) of credit for the final total cost of the improvements , including the cost of the 3-
year maintenance security necessary to get the certificate of completion for the project
should Developer fail or refuse to complete the project. Additionally, Developer
expressly grants the County, its agents , contractors and subcontractors access to the
property should Developer fail or refuse to complete the project. 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,
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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 .
IN WITNESS WHEREOF , the parties hereto have set their hands and
seals on the day and year first above written.
FOSTER I.R.C., LLC , a California limited
liability company
WITNESSES : DEVELOPER
Sig Z�FiI CJr6sc-r _ By :9
pri name: Z L Mark Foster, Manager
Sig -"—
print name: c Leyt
eLu-Q By
pain name : + Gte c4L Todd Foster, ager
prin name : R j&
INDIAN RIVER COUNTY , FLORIDA
By: ) �Ou1Jy
seph . Baird
ounty Administrator
Authority: Resolution No . 2005-121
APPROVED AS TO FORM COUNTY
AND LEGAL SUFFICI ICY
13Y BCC approved plat: 1 /^ 4 in -7
ILLIAM K. DE13RAAL
ASSISTANT COUNTYATTOFINEY
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I IVIY I IIY \] I VIN f Lf'J..:C JVuVIv 10IV1Y
COMPLETE COST ESTIMATE .
ITEM Quantity Unit Cost Total Cost % Complete To be Completed
1. General Conditions
a. Mobilization- General Conditions 1 $ ' . 71692.00 1 $ 7s612.001 90.0% $ 761 .20 'U
b. Entrances 1 $ 10,000.00 $ 10,000.00 90.0% $ 1 ,000.00
c. Site Cleanup1 $ 10,000.00 $ 10,000.00 80.0% $ 2,000.00
d. PowerCore (Utility Crossing) 1 $ 35,472.00 $ 35,472.00 50.0% $. . 17,736.00
e. PowerCore FP&L 1 $ 41 ,968.00 $ 41 ;968.00 100.0% $
TOTAL GENERAL CONDITIONS TO BE COMPLETED $ 219497.20
II. EARTHWORK "
a. Clearing: 27 Acres $ 5,821 .19 $ 157,172.00 100.0% $
b. Lake Excavation 65000 CY $ : " 2.13 $ 138;450.00 100.0°h $
c. Site Cut fill and Grade 54000 SY $ 0.92 $ 49,680.00 90.0% $ 41968.00
d . Rear Lot Gradin 18000 SY $ 0.74 $ ' 13,320.00 90.0% $: 11332.00
e. Stripping 2450 CY $ 1 .38 $ 3,063.00 p 100.0% $
f. Perimeter Fence 8306 LF $ 9.39 $ 78,000.00 90.0% $ 7,800.00
Sidewalks . : vi'
1 . 59tfi ST 5096 SF $ 2.70 $ 13,759.20 50.0% $ 6,879.60 ! �
2. 58th AVE 5865 SF . $ 2.70 $ . 1'5,835.50 90.0°h $' 1 ,583.55 '
h. Construction Entrance 1 LS $ . 32, 173.00 $ 32,173.00 100.0°h $
I. Wall 1714 LF $ 70.00 $. 120,000.00 1 90.0% 1 $ 12,000.00
Silt Fence 7060 LF : $ 0.65 1 $ - 41589.00 1 0.0% 1 $ 41589.00
k. Landscaping
1 . Sodding 58th Ave 6154 SY $ . 1 .80 $ 11;077.20 90.0% $ : 11107.72
2. Irrigation 1 LS $ 31 ,600.00 $ 31,600.00 90.0% $ 31160.00
3. Sod Lake bank tops & sidewalks 2564 SY $ 1 .80 $ 4,615.20 50.0% $ 2,307.80
4. Remove Invasive Species 1 LS $ 39,000.00 - $ 39r000.00 1 100.0% $
5. Buffers and plantings " 1 LS $ 671052.00 $ 67,052.00 0. 0% $ 67,052 00
TOTAL EARTHWORK TO BE COMPLETED $ 112,779,47 h'
III. PAVEMENT I CURB I STRIPING
a. Stabalization 8 26780 Syr $ 3.03 $ 81 , 143.00 90.0% $ - 8,114.30
b. Coquina rock 6'. 22100 SY $ : 8.73 $. . 192,933.00 : 90.0% r $ 19,293.30
c. Asphalt Pavement 1 " 22000 SY $ 4.97 $ 109,340.00 90.0% $ 10,934.00
d. Valley Curb17765 LF $ 11 .00 $ 195,415.00 90 .0% $ . 19,541 .50
e. Pavement Markings 1 LS $ 10,907.00 $ : .. 10,907.00 0.0% $ . ' 10,907.00
f. Security Access 1 LS $ 601000.00 $ - . . 60,000.00 0.0%° $ 603000.00
Street Li ht' 23 EA ' .$ : 11200.00 $ : ' 271600.00 0.0% $ 27,600.00 I Z
h .T e D Curb 800 LF ' $. 10.00 $ 81000.00 100.0% $ '
TOTAL PAVEMENT / CURB I STRIPING COMPLETED $ 156,390.10
IV. 59th ST. IMPROVEMENTS
a. Gradin 4400 SY F$ 8640.2060
$ 5,544.00 90.0% $ 554.40
b. 12" Staballzation 1717 SY $ 71949.71 90.0% $ 794.97
c. 8" Co ulna Rock 1542 SY $ 17,918.04 90.0% $ 11791 .80
d. 2.5" Asphalt Pavement 1542 SY : $ ' 20,292.72 0.0% $ 20,292.72
e. B" Stabalization Shoulder 3B8 SY $ 11164.00 90.0% $ 116.40
f. 6" Coquina Rock Shoulder 388 SY $ 21910.00 90.0% $ : 291 .00
d. 1 " Asphalt Pavement Shoulder . 386 SY $ 2,328.00 0.0% $ 2,328.00 �j
e. Pavement Markings 1 LS $ 880.00 0.0% $ 880.00
f. Type "C" Inlets 3 EA $ 11300.00 $ 3,900.00 90.0% $ 390.00
g. Headwalls 3 EA $ 31500.00 $ 10,500.00 90.0% $ 1 ,050.00 I Z
h. 12" CMP30 LF $ 17.50 $ 525.00 90 .0% $ 52.50
I. Sod 1500 SY $ 1 .80 $ 21700.00 50.0% $ . 11350.00
m. Rock Tapers 59th Ave 123 SY $ 11 .62 $ 1 ,429.26 90.0% $ 142.93
n. to
ock Ta ers 59th St 198 SY $ 11 .62 $ 21300.76 90 .0% $ 230.08
o. Rock Ta ers (58th Ct 123 SY $ 11 .62 $ 1 ,429.26 90.0% $ 142.93
TOTAL PAVEMENT/CURB/STRIPING TO BE COMPLETED $ r 301407.72
Engineers Project Number: 05-790 'tXH1BI :'Aa Page 1
. . '. . , . .ai�,. .J .
COMPLETE COST ESTIMATE
V. SANITARY �qq
a. Sanitary Sewer and Water $ 1 .00 $ 726;779.00 1 $ 726t779.00 1 85.0% $ 109 016.85 V
TOTAL SANITARY TO BE COMPLETED 1 $ 109y016.85
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VI. WATER DISTRIBUTION
Ia. Water Distribution : 1 LS $ 3509490.00 1 $ ' 350,490.00 85.0% $ 52,573.50
TOTAL WATER DISTRIBUTION TO BE COMPLETED 1 $ 52,573.50
u
VII. DRAINAGE ONSITE
a. 15" HDPE 2400 LF $ 23.00 1 $ 55,200.00 1 90.0% $ 51520.00
b. 18" HDPE 2900 LF '. $ : ` 25.501 $ 73 ,950.00 - 1 90.0% $ .
7,395.00
c. 24" HDPE . 565 LF $ 33.00 1 $ 18,645.00 90.0% $ 11864.50
d. 30" HDPE 236 LF $ 53.00 1 $ _ ` 12,508.00 90.0% $ 11250.80
e. 16' RCP 40 LF $ 21 .95 1 $ 878.00 90.0% $ 87.80
f. W' RCP 80 LF $ 303.021 $ 24,241 .60 90.0% $ ` 21424. 16 L
. Headwalls 2 EA $ . 5,000.00 $ 10,000.00 90.0% $ 1 ,000.00 W
f. T e "C" Inlet 5 EA $ 1 ,550.00 $ 71750.00 90.0% $ : 775.00a. ,
Miami Inlet , 49 EA $ ' 1 ,850.00 $ ' . 90 650.00 90.0°h $ 9,065.00 (.l
h. Control Structure 1. EA $ 2, 104.00 $ 2,104.00 90.0% $ : 210.40
1. 4 Diameter Manhole 6 E4 $ 21583.00 $ 15,498.00 90.0% $ 1 ,549.80
TOTAL DRAINAGE ONSITE TO BE COMPLETED $ ' 31 ,142.46
VIll. 61st ST. IMPROVEMENTS
a. 4" PVC FORCEMAIN 1002 LF $ 11 .001 $ 111022.00 85.0% 1 $ 11653.30
b. 8" PVC WATERMAIN I 1026 LF $ . 22.00 1 $ 22,616.001 85.0% 1 $. 31392.40
TOTAL DRAINAGE ONSITE TO BE COMPLETED1 59045.70 / al
IX- Miscellaneous
a. En ineen.n 1 $ . 35,000.00 $ 35,000.00 75.0% $ 8,750.00
b. Inspections 1 110 000.00 $ . 22 221 75.0% $ 21500.00 Q
o. As-builts 1 $ 10,000.00 $ 10,000.00 0.0% $ 10,000.00
d. Survey . i $ 20,000.00 $ . 20,000.00 1 75.0% $ 51000.00 W�
e: PCP/RPM 1 $ 10,000.00 1 $ 10,000.00 1 , 0.0% $ 10,000.00
TOTAL MISCELLANEOUS TO BE COMPLETED: $ : 36,250.00 Z.
Total Cost % Complete I To be Completed
$ 3,158,878:45_ ., 82.43%a - 1 555, 103.00
Bondin Amount 125% Of To Be Com !stied Construction): 1 $ ' r 693,878.75
X. Lot Clearing/Filling
a. Fillip /Fillip of Lots In HOA Docs 141: L $ 10,000.00 $ 1 ,410,000 00O.D% 1 ,410,000.00
Bonding Amount Lot Fill Only): 1 ,762,500.00
As Per Agreement Between IRC and Developer Dated 8/22106 �r
: Bondin Amount 126% of Construction To Be Completer' and Fill Coet : 2,456,378. 75
Aaron J MAIes; E. ' FL PE# 55313 . e.
MBV Engmeering, Inc.
Engineers Project Number: 05790 -- Page 2