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G. L. STEVE CX>NSTRUCTION 37746 GLADES LN. ZEPHYRHILLS, FL 33541 (813) 782-9442 CX>NSTRUCT ION AGREEMENT Inconsideration of mutual promises, covenants and conditions contained in this agreement, both Contractor and Owner agree as follows: For purposes of clarification and identification, the following definitions shall apply. Cll'll'RAC'I"m. is hereby identified as Gary L. Steve, D/B/A G.L. Steve Construction. Cll'll'RAC'I"m.'S AGENT shall be authorized by Contractor to act in his behalf in a limited capacity on site for coordination and facilitation purposes only. OWNER is hereby identified as The First United Methodist Church of Zephyrhills, Florida. OWNER'S AGENT shall be duly authorized by Owner to act in their behalf as may be required to facilitate construction activity. BUILDING shall be identified as a new Parsonage for Owner to be located on 5th Ave. and 18th St. in Zephyrhills, Florida. EXHIBIT "A" is attached hereto and made a part hereof and shall consist of sufficient plans, specifications, legal descriptions-- and other data that may be required in order for Contractor to fulfill his obligations under the terms of this agreement. THE CONTRACTOR agrees to construct a building to be used by Owner as a new Church facility. The Owner agrees to employ the Contractor to construct the Building accord i ng to pI ans & spec"i fica t ions furni shed by the Owner as reflected in Exhibit "A". The Building shall be constructed pursuant to generally accepted standards of the construction industry and conformity to applicable laws - rules - regulations. If, during construction, the plans and specifications furnished by Owner conflict with regulatory authority, the Owner/Architect will resolve the matter with the Contractor as quickly as possible. The Contractor shall be privileged to review certain portions of the financing agreement to ascertain availability of sufficient funds in a timely manner, according to a Construction and Draw Schedule to be agreed upon by Owner, and Contractor. The Contractor shall open a "Special Construction Account" to be used specifically for paying labor, materials, and applicable invoices directly related to construction of the Building. The Owner shall cause this account to be sufficiently funded to satisfy invoices or accounts payable, directly related to construction of the Building. The account shall require two signatures for disbursement. One shall be an authorized agent of the Owner, the other shall be the Contractor. Sufficient time shall be given to the Owner (five working days) to transfer or deposit funds into the construction account. Once account is established, bills and invoices received by Wednesday shall be payable by Friday.