Title
Lily's Cay At Vero Beach - Request for 1-Year Extension to Final Lift of Asphalt Contract; Developer: Diamond Court West FL, LLC
Recommended Action
Approve the Modification to Contract for Construction for Final Lift of Asphalt, Contract No. SD-15-05-07-FLA (2006030269-74273) to extend the completion date to September 13, 2019, and authorize the Chairman to execute same. It is also noted that the supporting security in the form of $58,126.81 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.