HomeMy WebLinkAbout2640 Oelrich Constructoin - Aero Ln and 5th StreetGRANT MALOY, SEMINOLE COUNTY
CLERK OF CIRCUIT COURT & COMPTROLLER
\ CFN* 2025099317 Bk:10910 Pg:1588-1592(5Pgs)
(� REC: 10/07/2025 2:36:15 PM by clones
RECORDING FEES $44.00
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THE AMERICAN INSTITUTE OF ARCHITECTS
Bond No. 5855862
AIA Document A311
Performance Bond
This bond is given to comply with Section 255.05 Florida Statutes, and any action instituted by a claimant under this bond for payment
must be in accordance with the notice and time limitation provisions in Section 255.05(2), Florida Statutes, and Section 255.05(l0) Florida Statues.
KNOW ALL MEN BY THESE PRESENTS: that
Oelrich Construction, Inc.
275 NW 137th Drive, Suite A, Jonesville, FL 32669
as Principal, hereinafter called Principal, and,
Great American Insurance Company
301 E Fourth Street, Cincinnati, OH 45202
as Surety, hereinafter called Surety, are held and firmly bound unto
City of Sanford
300 N Park Ave, Sanford, FL 32771
as Obligee, hereinafter called Owner, in the amount of
Two Million Four Hundred Seventy Thousand One Hundred Eleven and 00/100
Dollars $ 2,470,111.00
(Here insert O A name and address or WWI tine of contractor)
(Here insert fWl name and address or legal nne of Surety)
(Here insert full name and address or legal We of Ovmer)
for the payment whereof Contractor and Surety bind themselves, their heirs, executors, administrators, successors
and assigns, jointly and severally, firmly by these presents.
WHEREAS,
Contractor has by written agreement dated 09/16/2025 entered into a contract with Owner for
(Here insert full name. address and description of project)
25.01.020; Aero Lane 8 5th Street, Aero Lane and 5th Street, Sanford, FL
in accordance with Drawings and Specifications prepared by (Here insert full name and address or *gal We of Architect)
which contract is by reference made a part hereof, and is hereinafter referred to as the Contract.
AIA DOCUMENT A311 - PERFORMANCE BOND AND LABOR AND MATERIAL PAYMENT BOND - AIA Im
FEBRUARY 1970 ED THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 N Y. AVE., N W., WASHINGTON, D C 20006
Bond No.5855862
PERFORMANCE BOND
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION is such that, if Contractor shall promptly and
faithfully perform said Contract, then this obligation shall be null and void; otherwise it shall remain in full force and
effect.
The Surety hereby waives notice of any alteration or
extension of time made by the Owner.
Whenever Contractor shall be, and declared by Owner
to be in default under the Contract, the Owner having
performed Owner's obligations thereunder, the Surety
may promptly remedy the default, or shall promptly
1) Complete the Contract in accordance with its terms
and conditions, or
2) Obtain a bid or bids for completing the Contract in
accordance with its terms and conditions, and upon
determination by Surety of the lowest responsible bidder,
or, if the Owner elects, upon determination by the
Owner and the Surety jointly of the lowest responsible
bidder, arrange for a contract between such bidder and
Owner, and make available as Work progresses (even
though there should be a default or a succession of
defaults under the contract or contracts of completion
arranged under this paragraph) sufficient funds to pay the
cost of completion less the balance of the contract price;
but not exceeding, including other costs and damages
for which the Surety may be liable hereunder, the amount
set forth in the first paragraph hereof. The term "balance
of the contract price," as used in this paragraph, shall
mean the total amount payable by Owner to Contractor
under the Contract and any amendments thereto, less
the amount properly paid by Owner to Contractor.
Any suit under this bond must be instituted before the
expiration of two (2) years from the date on which final
payment under the Contract falls due.
No right of action shall accrue on this bond to or for
the use of any person or corporation other than the
Owner named herein or the heirs, executors, adminis-
trators or successors of the Owner.
Signed and sealed this 1 day of October, 2025
r Oeldch WJQ140A tm,
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Great American Insurance Company
Benjamin H. French
Attorney -in -Fact & FL Licensed Resident A
AIA DOCUMENT A311 - PERFORMANCE BOND AND LABOR AND MATERIAL PAYMENT BOND - AIA 0
FEBRUARY 1970 ED. - THE AMERICAN INSTITUTE OF ARCHITECI5, 1735 N.Y. AVE., N.W., WASHINGTON, D. C. 20006
THE AMERICAN INSTITUTE OF ARCHITECTS
P1,� N r/;,
-,
tl
L.-2 A
AIA Document A311
Bond No. 5855862
Labor and Material Payment Bond
THIS BOND IS ISSUED SIMULTANEOUSLY WITH PERFORMANCE BOND IN FAVOR OF THE
OWNER CONDITIONED ON THE FULL AND FAITHFUL PERFORMANCE OF THE CONTRACT
This bond is given to comply with Section 255.05, Florida Statutes, and any action instituted by a claimant under this bond for payment must
be in accordance with the notice and time limitation provisions in Section 255.05(2). Florida Statutes, and Scclion 255.05(10) Florida Statucs
KNOW ALL MEN BY THESE PRESENTS: that as
Oelrich Construction, Inc.
275 NW 137th Drive, Suite A, Jonesville, FL 32669
as Principal, hereinafter called Principal, and,
Great American Insurance Company
301 E Fourth Street, Cincinnati, OH 45202
as Surety, hereinafter called Surety, are held and firmly bound unto
City of Sanford
300 N Park Ave, Sanford, FL 32771
(Here Insert full name and address or legal title of contractor)
(Here insert full name and address or legal title of Surety)
(Here inmrl full name and address or legal Ode of Owner)
as Obligee, hereinafter called Owner, for the use and benefit of claimants as hereinbelow defined, in the
amount of
Two Million Four Hundred Seventy Thousand One Hundred Eleven and 00/100
Dollars $ 2,470,111.00
(here insen a sum equal to at least one-half of the contract price)
for the payment whereof Principal and Surety bind themselves, their heirs, executors, administrators,
successors and assigns, jointly and severally, firmly by these presents.
WHEREAS,
Principal has by written agreement dated 09/16/2025 entered into a contract with Owner for
(Here Insert full name, address and description of project)
25.01.020; Aero Lane & 5th Street, Aero Lane and 5th Street, Sanford, FL
in accordance with Drawings and Specifications prepared by (Hera insert full name and address or legal tide of Architect)
which contract is by reference made a part hereof, and is hereinafter referred to as the Contract.
AIA DOCUMENT A31I PERFORMANCE BOND AND LABOR AND MATERIAL PAYMENT BOND- AIA L
FEBRUARY 1910 ED THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 N Y. AVE., N.W., WASHINGTON. D. C. 20006
Bond No. 5855862
LABOR AND MATERIAL PAYMENT BOND
NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION is such that, if Principal shall promptly make payment to
all claimants as hereinafter defined, for all labor and material used or reasonably required for use in the performance of the
Contract, then this obligation shall be void; otherwise it shall remain in full force and effect, subject, however, to the following
conditions
1. A claimant is defined as one having a direct contract with the
Principal or, with a Subcontractor of the Principal for labor,
material, or both, used or reasonably required for use in the
performance of the Contract, labor and material being construed
to include that part of water, gas, power, light, heat, oil, gasoline,
telephone service or rental of equipment directly applicable to the
Contract.
2. The above named Principal and Surety hereby jointly and
severalty agree with the Owner that every claimant as herein
defined, who has not been paid in fult before the expiration of a
period of ninety (90) days after the date on which the last of such
claimant's work or labor was done or performed, or materials were
fumished by such claimant, may sue on this bond for the use of
such claimant, prosecute fhe suit to final judgment for such sum
or sums as may be justly due claimant, and have execution
thereon. The Owner shall not be liable for the payment of any
costs or expenses of any such suit
3. No suit or action shall be commenced hereunder by any
claimant:
a) Unless claimant, other than one having a direct contract with
the Principal, shall have given written notice to any two of the
following: the Principal, the Owner, or the Surety above named,
within ninety (90) days after such claimant did or performed the
last of the work or labor, or furnished the last of the materials for
which said claim is made, stating with substantial accuracy the
amount claimed and the name of the party to whom the
materials were furnished, or for whom the work or labor was
done or performed.
Signed and sealed this 1 day of October, 2025
Such notice shall be served by mailing the same by registered
mail or certified mail; postage prepaid, in an envelope addressed
to the Principal, Owner or Surety, at any place where an office
is regularly maintained for the transaction of business, or served
in any manner in which legal process may be served in the state
in which the aforesaid project is located, save that such service
need not be made by a public olrioer.
b) Ater the expiration of one 1) year following the date on which
Principal ceased Work on said Contract, d being understood,
however, that if any, limitation embodied in this bond is prohibited
by any law controlling the construction hereof such limitation
shall be deemed to be amended so as to be equal to the
minimum period of limitation permitted by such law.
c) Other than in a state court of competent jurisdiction in and for
the county or other political subdivision of the state in which the
Project, or any part thereof, is situated, or in the United States
District Court for the district in which the Project, or any part
thereof, is situated, and not elsewhere.
4. The amount of this bond shall be reduced by and to the
extent of any payment or payments made in good faith
hereunder, inclusive of the payment by Surety of mechanics'
liens which may be filed of record against said improvement,
whether or not claim for the amount of such lien 'be
presented under and against this bond.
Oelrich Construction, Inc.
Great American Insurance Company INSUq
(sure (Seal)
Benjamin H. French �;'• i
Attomey-in-Fact & FL Licensed Resident Agent
AIA DOCUMENT A311 - PERFORMANCE BOND AND LABOR AND MATERIAL PAYMENT BOND - AIA a FEBRUARY
1970 ED. - THE AMERICAN INSTITUTE OF AR091ECTS, 1735 N.Y. AVE., N.W., WASHINUON, D. C. 2ma
GREAT AMERICAN INSURANCE COMPANY®
Administrative Office: 301 E 4TH STREET • CINCINNATI, OHIO 45202 • 613-369-5000 • FAX 513-723-2740
The number of persons authorized by
this power of attorney is not more than NINE
No.o 22603
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS: That the GREAT AMERICAN INSURANCE COMPANY, a corporation organized and existing under
and by virtue of the laws of the State of Ohio, does hereby nominate, constitute and appoint the person or persons named below, each individually if more than
one is named, its true and lawful attorney -in -fact, for it and in its name, place and stead to execute on behalf of the said Company, as surety, any and all bonds,
undertakings and contracts of suretyship, or other written obligations in the nature thereof; provided that the liability of the said Company on any such bond,
undertaking or contract of suretyship executed under this authority shall not exceed the limit stated below.
Name
Address Limit of Power
BENJAMIN H. FRENCH REBEKAH F. SHARP
GAINESVILLE, FLORIDA ALL
PAUL A. LOCASCIO TRAVA RIDLON
GAINESVILLE, FLORIDA UNLIMITED
L. DALE WALDORFF K. WAYNE WALKER
FORT WALTON BEACH. FLORIDA
J.E.S. WEBB
FORT WALTON BEACH, FLORIDA
WILLiAM S. NEILL
FAIRHOPE, ALABAMA
BRENDA NEILL
FAIRHOPE, ALABAMA
This Power ofAltomey revokes all previous powers issued on behalf of the attorney(s)-in-fact named above.
IN WITNESS WHEREOF the GREAT AMERICAN INSURANCE COMPANY has caused these presents to be signed and attested by its appropriate
officers and its corporate seal hereunto affixed this 22ND day of MAY 1 2025
Attest GREAT AMERICAN INSURANCE COMPANY
Assistant Secretary Divisional Senior rice President
STATE OF OHiO, COUNTY OF HAMiLTON - ss: JOHN K. WEBSTER (877-377-2405)
On this 22ND day of MAY 2025 , before me personally appeared JOHN K. WEBSTER, to me
known, being duly sworn, deposes and says that he resides in Cincinnati, Ohio, that he is a Divisional Senior Vice President of the Bond Division of Great
American insurance Company, the Company described in and which executed the above instrument; that he knows the seal of the said Company; that the seal
affixed to the said instrument is such corporate seal: that it was so affixed by authority of his office under the By -Laws of said Company, and that he signed his
name thereto by like authority.
,y �tf 6
5USAN
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No rPOMDRST
Stow Of Ohio
nth+ Comm. Etlplrs
Mey 18, 2030
This Power ofA((omey is granted by authority of the following resolutions adopted by the Board of Directors of Great American Insurance Company
by unanimous written consent dated June 9, 2008.
RESOLVED: That the Divisional President, the several Divisional Senior Vice Presidents, Divisional Vice Presidents and Divisonal Assustunt rice
Presidents, or any one of them, he and herehy is authorizer! jinni time to time, to appoint one or more Aaorneys-in-Fact to execute on behalf of the Company,
as surety. any and all bonds, undertakings and contructs of suretyship, or other Ivritten obligations in the nature thereof, to prescribe their respective duties and
the respective limits of their authoritJ,; and to revoke any such appointment at any time.
RESOLVED FURTHER: That the Company seal and the signature of ant, of the aforesaid officers and any Secretary or Assistant Secretary of the
Company may be affixed by facsimile to any power of attorney or certificate of either given for the execution of ant' bond, undertaking, contract of suretyship.
or other wrilten obligation in the nature thereof, such signature and .real when so used being hereby adopted by the Company as the original signature of set h
officer find the original seat of the Companv, to be valid and binding upon the Compant, with the same force and effect as though manually affuTed
CERTIFICATION
I, STEPHEN C BERAHA, Assistant Secretary of Great American Insurance Company, do hereby certify that the foregoing Power of Attorney and
the Resolutions of the Board of Directors of June 9, 2008 have not been revoked and are now in full force and effect.
Signed and sealed this day of October 2025
iNSU
Assistant Secrerary
S 1029AJ (04+25! \� • ....
PURCHASING DEPARTMENT
TRANSMITTAL MEMORANDUM
TO: City Clerk
RE: Request for Services
The item(s) noted below is/are attached and forwarded to your office for the following action(s):
❑
Development Order
❑
❑
Final Plat (original mylars)
❑
❑
Letter of Credit
❑
❑
Maintenance Bond
❑
Ordinance
❑
❑
Performance Bond
❑
Resolution
Once completed, please:
❑ Return original
❑ Return copy
Special Instructions:
Mayor's signature
Recording
Rendering
Safe keeping (Vault)
Please advise if you have any questions regarding the above.
Thank you!
From
10.21.25
Date