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HomeMy WebLinkAbout2006-381 Seasons, P.D. FOURTH MODIFICATION TO CONTRACT FOR CONSTRUCTION OF REQUIRED IMPROVEMENTS NO . PD-01 -08 -18-CFC (99110063 -26994) THIS FOURTH MODIFICATION , made and entered into this 7th day of November 2006 , by and between M -R Homes , 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 entered into a Contract for Construction of Required Improvements No. PD-01 -08- 18-CFC (99110063-26994 ) guaranteeing the completion of certain required improvements within the plat of Seasons , P. D . on or before February 12 , 2003 ; and WHEREAS, the completion date for the improvements under the Contract for Construction of Required Improvements was extended to February 12 , 2004 by Modification to Contract for Construction of Required Improvements ; and WHEREAS , on May 4 , 2004 the Board of County Commissioners approved a Second Modification to Contract for Construction of Required Improvements to further extend the time to complete the remaining required improvements ; and WHEREAS , on August 22 , 2006 the Board of County Commissioners ratified a Third Modification to Contract for Construction of Required Improvements to reduce the amount of the security and to extend the completion date of the remainder sidewalk improvements ; and WHEREAS, the developer has submitted an updated certified cost estimate attached as Exhibit "A" and is further requesting a 2-year extension to complete the one remaining sidewalk for Lot 53 as allowed by code , as well as a reduction to Bank of America Irrevocable Standby Letter of Credit Number 3063088 ; and WHEREAS , staff has inspected the project' s sidewalks and they have been found to be satisfactory except for the sidewalk segment not completed for Lot 53 , and staff has also approved the updated certified cost estimate , 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 sidewalk improvements as outlined in the Third Modification to Contract for Construction of Required Improvements No . PD-01 -08- 18-CFC (99110063-26994) is extended to February 12 , 2008 . 2 . The $ 11 ,220 . 00 amount remaining under Bank of America Standby Irrevocable Letter of Credit Number 3063088 posted for Season ' s P . D . sidewalks is to be reduced to $2 , 295 . 00 which amount represents 125% of the remaining sidewalk improvements to be completed as evidenced by developer's engineer' s certified cost estimate as approved by County engineering , attached as Exhibit "A" ; and the Bank of America Standby Irrevocable Letter of Credit Number 3063088 is to be extended 90 days beyond the newly extended date (May 12 , 2008 ) . 3 . All other terms set out in the Contract for Construction of Required Improvements No . PD-01 -08- 18-CFC (99110063-26994) 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 . M -R HOMES , LTD . , a Florida limited partnership Signe n the pre a of: DEVELOPER Sign P646**,(d C By: M -R HOMES , INC . , a Florida co7ona e ePrint: f+. t'�ss BY C . alask Vice President APPROVED AS TO FORM INDIAN RIVER COUNTY, FLORIDA AND LEGAL SUFFURD4V by and through its Board of County t� � Commissioners WILLIAM COUNTYATTORNEY By Q Arthur R. Neub rger, Cha" ATTEST : J . K. Barton , Clerk of Court By: �0. �N4rc Q BCC approved : November 7 , 2006 Deputy Clerk 2 F:\Attorney\Nancy\DOCS\PLAN\MODIFICATION 4th sidewalks seasons.doc INDIAN RIVER COUNTY, FLORIDA ocr MEMORANDUM DATE : October 13 , 2006 TO : William G. Collins, II, County Attorney THROUGH: Christopher J. Kafer, Jr., P.E., County Engine FROM: William B. Eubank, Jr. , Senior Engineering Inspector SUBJECT: Seasons Community— Interior Sidewalk Bond REFERENCE : PD-00-05-09 / LDP #99110063 -24744 The enclosed engineer's certified cost estimate and quantities have been reviewed and are found to be satisfactory. The total amount of the new bond is $23295. 00 ($ 1 , 836.00 x 125%) This project 's sidewalks have again been inspected by the Engineering Division staff and found to be satisfactory except the sidewalk has not been installed in front of lot 53 . If you have any questions, please call me at extension 1451 . WBE/wbe cc: Jason Brown, Budget Manager D. Howard, Jr., Construction Coordination Manager Mark Zans, Senior Planner, Current Development Peter J. Van Rens, P.E. , Kimley-Horn and Associates, Inc. Page 1 of 3 F:TngineeringlLand Development PermitslSeasons CommunitylSeasons New Interior Sidewalk Bond Memo-Collins 10-13-06-wbe.doc ❑ � ❑ n -Horn and A � and Associates, Inc. October 6, 2006 ■ 047295000 suite a tog 1201 19th Place Vero Beach, Florida Mr. Jim Davis 32960 Public Works Director Indian River County 1840 25`s Street Vero Beach, Fl 32960 (772) 567-8000 ext. 1245 RE: Seasons Community — Interior Sidewalk Bond Request for Bond Reduction Dear Mr. Davis: A surety bond for sidewalk at Seasons Community on Lots 53, 82-84, 87-89 and 91 in the amount of $ 11 ,220.00 is currently on file with the County. As of this date, sidewalk construction has been completed for all lots except Lot 53 . Enclosed is an Opinion of Probable Cost for completion of the interior sidewalk at Lot 53 at Seasons Community. We respectfully request that the surety bond be reduced from $ 11 ,220.00 to $2,295 .00 and the bond be extended thru February 12, 2008 . Please contact me at (772) 794-4073 or Kim Brady with Seasons Community with any questions, comments or requests for additional information. Sincerely, KIMLEY-HORN AND ASSOCIATES, INC . PK4 JVs, P .E. Cc: Kim Brady, Seasons Community Encl: Opinion of Probable Cost y a a 8 Page 2 of 3 ■ TEL 772 562 7981 FAX 772 794 9368 H:b17295000%wp�Comsp%Davis_Sidewalk Bond Reduction_100406doc.doc � � ❑ Kimley-Horn and Associates, Inc. Seasons at Orchid 0/4/2006 Engineer's Opinion of Probable Costs For Construction and Engineering Job No. 047295000 Not Complete by Time of Plat Approval - Sidewalk ITEM UNIT QUANTITY UNIT COST COST CONSTRUCTION Sidewalk at Lot 53 SF 360 $5. 10 $ 1 ,836.00 Subtotal $ 1 ,836.00 GRAND TOTAL $19836.00 SECURITY (125%) $2,295.00 I , Peter J. Van Rens, a Florida registered engineer, License #55553, do hereby certify to Indian River County that an opinion of probable cost has been prepared under my responsible direction for those improvements itemized in this exhibit, and that the total opinion of probable cost for said improvements is $2295.00. This opinion of probable cost has been prepared for the purpose of establishing surety amounts associated with items not complete by the time of approval of the plat. 55553 ( Page 3 of 3 Page 1 of 1 G/47295000/eng/On-SiteSidewalkBondopcLot 53.xls