Title
The Reserve At Grand Harbor PD Phase 1, Plat 33 - Request for 2-Year Extension to Final Lift of Asphalt Contract - Developer: GH Vero Beach Development LLC
Recommended Action
Approve the Modification to Contract for Construction for Final Lift of Asphalt, Contract No. PD-13-10-03-FLA (2001020101-77703) to extend the completion date to December 16, 2020, and authorize the Chairman to execute same. It is also noted that the supporting security in the form of $212,131.88 cash would remain in escrow and continue to be subject to the terms and conditions of both the Contract, as modified, and Cash Deposit and Escrow Agreement for Final Lift of Asphalt.