HomeMy WebLinkAboutSunshine Building and Development Performance Bond Form Residential Reclaimed Water Main Extension -1996 07 31SECTION 00610 Bond No. 79-0120-43154-96-0
PERFORMANCE BOND FORM
Sunshine Building and
THIS INSTRUMENT WITNESSETH: That we (1}Develo ment Corp. a 121 Corporation
organized under the laws of the State of F on a and regularly authorized to do business in the
State of Florida as Principal, and we (3}United States Fidelity and * a (2! Corporation
organized under the laws of the State of Maryland and regularly authorized to do
business in the State of Florida as Surety, are held and firmly bound unto City of Winter S~~r~~gf~e~r FL
called the OWNER in accordance ~ulth a Contract hereinafter referred to, in the penal sum of (41 One Hundred
Twenty-One Thousand * Dollars (b 121, 920.50 1 lawful money of the United States, welE
and truly to be paid unto the said OWNER, for the payment of which wo bind ourselves, our heirs, executors,
administrators, Successors and assignees, jointly and severally, firmly by these presents;
WHEREAS, the Bald Prlncipal has entered into a written oontract with the OWNER dated
for the work designated as Residential *** located in ~iint_er_ Sprin s, >r'r~conformity
with Contract 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 Prlncipal shall faithfully perform the Contract
an his tits? part, end satisfy all covenants, terms, Conditions and agreements incurred by the Principe! 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 Principal 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 Principal, including any
default based upon failure of the Principal, to fulfill his obligation to furnish maintenance, repairs, or replacements
for any period of time after the work is completed, if provided for in said Contract, than this obligation shall be null
and void, otherwise it shall remain in full force end effect.
IN ADDRION, the Principal and Surety, jointly and severally, expressly guarantee that all materials furnished and
workmanship performed under the Contract and in the Construction of the work shelf fulfill all requirements of the
Contract and the Contract Documents with respect to them, This bond shall remain in effect for a period of one
year,
rr tS HEREBY STIPULATED AND AGREED that any suit based upon any default of the Principal in fulfilllnq his
obligations to furnish maintenance, repairs, or replacements for any period of time after the Work is completed,
if provldad for In the Contract, may be brought at any time up to six months after the expiration of the lima
specified in the Contract during which the CONTRACTOR has agreed to furnish such maintenance or make such
repairs or replacements.
THi" SAID SURETY, for value received, hereby stipulates and agrees that no change, extension of time, eltaration
or addltlon 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 obligations on this bond, and It doss hereby waive notice of
any such change, extension of time, eltaration or addition to the terms of the Contract or to the Work or to the
Contract Documents.
PROVIDED, FURTHER, that no fine( settlement between the OWNER and the CONTRACTOR shall abridge the right
of sny beneficiary hereunder, whose claim may be unsatisfied,
(1 } CONTRACTOR
(Z1 Sole Proprietor, Partnership, or Corporation
(3f Surety
(a} 110 percent of the Contract
The pn~rtslons and limitations of section 255.05 or section
713.23, Florida Statutes, whichever is applicable to the
Contract, are Incmrporated in this bond by reference.
* Guaranty Company
** Nine Hundred Twenty and 50/100------
• *** Reclaimed Water Main Extension
OOfi 10-1
• ~.. -
IN WITNESS WHEREOF, this instrument is executed In several counterparts, each one of which shall be deemed
sn Original, this the ~,.~_ day of July 19,,.9b
~~ ISEAI.} (~~ Sunshine Building and Development Corp.
sy:
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Title' Presi e
(SEAL) (z) United States Fidelit and Guaran Company
sy; .mob
wis ona us ing
Title: Attorney-in-Fact and Licensed Re ident Agent
(Attorney In Fact)
.....^_
t1} Contractor
(2} Surety
ENO pF SECTION
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