HomeMy WebLinkAboutSunshine Building and Development Performance Bond Form 4th Addition to WM Improvements -1997 02 2402!01.91 1G:t.18 $
SECTION 00610
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Bond No. 79-0120-01275-97-1
PE1~aRfI~gNC>: BONN FORM
uns ine But ding and
THIS INSTRUMENTWITNESSETH; Thatwe,(1) Development Corp. a (2) Corporation
organ¢ed under the laws ofthe Sbte of F loridda and regularly authorized to do business in the State of Florida
asPrlncipat,andwe(3) United States Fidelit * a (2) Corporation organized under
the laws of the State of ary an and regularly authorized to do business in the State of Florida as Surety, are
held and firmly bound unto City o * * ,hereinafter called the Owner in accordance with a Contract hereinafter
referred to, in the penal sum of (4) ive Hundred E i Qht * * * Dollars ($ 5 0 8 , 2 3 4 .0 5 }lawful
money of the United States, well and truly to be paid unto the said Owner, for the payment of which we bind ourselves,
our heirs, executors, administrators, successors and assignees, jointly and severally, firmly by these presents:
WHEREAS, the said Prinapat has entered into a written contract with the Owner dated ~6 ~U °rv 2y. ~ 4 9 ~ for
the work designated as North Orjando Fourth AdditionV1Jater Main Improvements located in Winter Springs ~
in conformity with Contrail Documents hereby referred to and made a part hereof, the same to all intents and purposes '
as if written at length herein, in which Contract the said Principal has contracted to perform the work specified in said
Contract in accordance with the terms thereof;
NOW, THEREFORE, the condition of this obligation is such that if the Principal shall faithfully perform the Contract on
his (ds) part, and satisfy all covenants, terms, conditions and agreements incurred by the Principal in the performance
of said Contract, during the original term thereof, and any extensions thereof which may be granted by the Owner, with
or without notice to the Surety, and shall satisfy all claims and demands arising thereunder, and shall fully indemnify
and save harmless the Owner from all cost and damage which the Owner might suffer by reason of the failure of the
Prinapal to do so, and shall fully reimburse and repay to the Owner all costs, damages, and expenses which the Owner
may incur in making good any default by the Arinapal, including any default based upon failure of the Principal, to fulfill
his obligation to famish maintenance, repairs, or replacements for any period of t#me after the work is completed, if
provided for in said Contrail, then this obligation shall be null and void, otherwise it shall remain in full force and effect.
IN ADDITION, the Prindpal and Surety, jointly and severally, expressly guarantee that all materials furnished and
workmanship performed under the Contract and in the construction of the work shall fulfill ail requirements of the
Contrail and the Contract Documents with respect to them. This band shall remain in effect for a period of one year
(LIBRARY NOTE: IF A CITY OF SANFORO JO$, THEY REflUIRE 'fW0 YEARS, AND SHOULD SO REVISED) from
the date of final acceptance.
IT IS HEREBY STIPULATED AND AGREED that any suit based upon any default of the Principal in fulfilling his
obligations to famish maintenance, repairs, or replacements for any period of time after the Work is completed, if
provided for in the Contrail, may be brought at any time up to six months after the expiration of the time specified in the
Contract during which the Contractor has agreed to furnish such maintenance or make such repairs or replacements.
THE SAID SURETY, for value received, hereby stipulates and agrees that no change, extension of time, alteration or
addltfon to the terms of the Contract or to the Work to be performed thereunder or the Contract Documents
accompanying the same shall in any way affect its obligatbns on this Bond, and it does hereby waive notice of any such
change, extension of time, alteration or addition to the terms of the Contract or to the Work or to the Contract
Documents.
PROVtOED, FURTHER, that no final settlement between the Owner and the Contractor shall abridge the right of any
beneficiary hereunder, whose claim may be unsatisfied.
,..
(1) Contractor
(2) Sole proprietor, Partnership, or Corporation The provlaions and Ilmltatlons of section 255.05 or sectton
(3) Surety 713.23, Florida Statutes, whi~~hever is applicable to the
• (4) 110 percent of the Contract contract, ere incorpormted ire this bent] by reference.
* and Guaranty Company
,., ** Winter Springs, FL
*** Thousand Two Hundred Thirty-Four and 05/100----
00610.1
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02/03/97 16:09 $ ~ 007
IN WRNESS WHEREOF, this instrument is executed 9n several counterparts, each one of which shall be deemed an
orginal, this the day of , 19_.
(SEAL) (1) Sunshine Building and Development Corp.
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e: /~iP r, ~ e .. f
(S~) ~) United States Fidelity and Gu!a//r~~anty Company
U // \ r
ewes ona us ing
1-~e; and Licensed Resident Agent
(Attorney in Fact)
(i) Co~traotor
(2) Surety
ENO OF SECTION
OOfi 10-2