1176-Suncor Development, LLC - Tusca PlaceW. TD WAS TEWATE�TILITIES
BILL OF $ALE
E
M
M
M
M
r
0 rQ P LL-C- , a Florida corporation
County
located at
hereafter known as
State of
Of 1.00) Dollar
for and in consideration of the sum of One ( of Sanford, a
the SELLER,
and other valuable consideration paid to SELLER by
olitical subdivision of the State of Florida, hereafter known a
sell,
BUYER, receipt
P of which is hereby acknowledged does g ate valves,
i e
transfer, convey, and deliver to BUYER all P P s, lines, g
Pump stations, and other
valve boxes, fittings, thrust blocks, hydrants, p P
which comprise the water, wastewater, and reclaimed
g oods and equip n the following p
water systems i uipment and located nstalled by SELLER
easements, rights -of -way, or tracts as shown on the record drawings,
more specifically described as follows:
PROJECT:
(See Attached Legal Description)
BUYER shall have all rights and title to the goods in itself and
its assigns. goods
SELLER warrants that it is lawful owner of the goods and the g
are free from all liens and encumbrances. SELLER has good right to sell
the goods and will warrant and defend the right against the lawful
g
claims and demands of all p ersons.
IN WITNESS WHEREOF, SELLER has executed this BILL OFSALE at
on this _ day
AV 7--7 - 1 1 (SEAL)
ADDRESS: SELLER
IT
BY. TION)
�(IFCO
ITS
ATTEST:
B- 3
Parcel ID (32- 19 -31- 300 - 0140 -0000)
The West 3 /4 of the North '/2 of the Northwest ' / 4 of the Northeast 1/4, Section 32,
Township 19 South, Range 31 East, all lying in Seminole County, Florida, Less road
rights of way.
AND Parcel ID (32- 19 -31- 300 -013A -0000)
Begin 15 Feet North and 15 feet East of the Southwest corner of the Northwest Quarter of
the Northeast Quarter of Section 32, Township 19 South, Range 31 East, Seminole
County, Florida and run North 645 feet; thence run East 1012.5 feet; thence run South
645 feet; thence run West 1012.5 feet to the Point of Beginning, LESS the road right of
way on the West and the railroad right of way on the South.
C OLO 1 L BAN, N.A.
II STANDBY LETTER OF CREDIT (PAGE 1 I
II PLACE OF ISSUE : SUNRISE (IRREVOCABLE
INUMBER II
II DATE OF ISSUE : MAY 16, 2007 ISTANDBY
LETTER OF CREDIT 131 9927 II
I
AND PLACE OF EXPIRY II
I1 ADVISED BY MAIL (DATE
MAY 16, 2008 SUNRISE, FLORIDA I
II APPLICANT IBENEFICIARY
II
SUNCOM DEVELOPMENT, LLC. 1
CITY OF SANFORD
II 550 N. PALMETTO AVE. I
CITY COMMISSION, SANFORD CITY HALL II
SUITE 105
1 300 N. PARK AVENUE, POB 1788 II
I1 SANFORD, FL 32771
I SANFORD, FL 32772 -1788 II
II ADVISING BANK
(AMOUNT USD28,585.40 U.S. DOLLARS II
II NOT APPLICABLE
ITWENTY EIGHT THOUSAND FIVE HUNDRED
II
1EIGHTY FIVE AND CENTS FORTY ONLY 11
I.
I
ICREDIT AVAILABLE WITH II,
I COLONIAL BANK, N.A.
I BY PAYMENT II
II 1AGAINST PRESENTATION OF THE DOCUMENTS III
I DETAILED HEREIN II°
II
I�
II
II IRREVOCABLE LETTER OF CREDIT (FOR MAINTENANCE AGREEMENT - WATER II:
1I AND SEWER IMPROVEMENTS) 11 '
I�
II DEAR COMMISSIONERS: II
II BY ORDER OF SUNCOM DEVELOPMENT, LLC., WE HEREBY ESTABLISH AN I
II IRREVOCABLE LETTER OF CREDIT IN YOUR FAVOR. WE HEREBY AUTHORIZE
II YOU TO DRAW ON COLONIAL BANK, N.A., 1580 SAWGRASS CORPORATE
II PARKWAY, SUITE 310, SUNRISE, FL 33323 UP TO AN AGGREGATE AMOUNT II '
II OF UNITED STATES DOLLARS TWENTY EIGHT THOUSAND FIVE HUNDRED II
II EIGHTY FIVE AND 40/100 (US$28,585.40) AVAILABLE BY YOUR DRAFTS AT II
II SIGHT ACCOMPANIED BY A SIGNED STATEMENT OF THE CITY OF SANFORD
II CITY COMMISSIONERS THAT THE MAINTENANCE AGREEMENT DATED MAY 16, II
II 2007, BETWEEN SUNCOM DEVELOPMENT, LLC AND CITY OF SANFORD IS IN
II DEFAULT.
II it II DRAFTS MUST BE DRAWN AND NEGOTIATED ON OR BEFORE MAY 16, 2008,
II AND EACH DRAFT MUST STATE THAT IT IS DRAWN UNDER IRREVOCABLE
II LETTER OF CREDIT NO. 31 -9927 OF COLONIAL BANK, N.A. DATED MAY 16, II
1I 2007, AND THE AMOUNT THEREOF ENDORSED ON THIS LETTER OF CREDIT. II
1I THE BANK AGREES THAT THIS LETTER OF CREDIT SHALL AUTOMATICALLY II
II RENEW ITSELF FOR SUCCESSIVE ONE -YEAR PERIODS UNLESS THE BANK II
II SHALL GIVE NOTICE TO YOU NO LATER THAN FORTY -FIVE (45) DAYS II
II PRECEDING AN EXPIRATION DATE THAT IT CHOOSES NOT TO RENEW THE �I
II LETTER OF CREDIT, IN WHICH CASE, THE CITY SHALL BE ENTITLED TO
II DEMAND AND RECEIVE THE OUTSTANDING AMOUNT OF MONEY REPRESENTED BY
I1 THIS LETT OF CREDIT. IN THE EVENT A DRAW BASED ON EXPIRATION OF II
I
COLONIAL BANK N.A.
STANDBY LETTER OF CREDIT
PLACE OF ISSUE SUNRISE
DATE OF ISSUE MAY 16, 2007
ADVISED BY MAIL
PAGE 2
CONTINUATION OF INUMBER
STANDBY LETTER OF CREDIT 131 9927
DATE AND PLACE OF EXPIRY
MAY 16, 2008 SUNRISE, FLORIDA
APPLICANT IBENEFICIARY
SUNCOM DEVELOPMENT, LLC. CITY OF SANFORD
550 N. PALMETTO AVE. I CITY COMMISSION, SANFORD CITY HALL
SUITE 105 I 300 N. PARK AVENUE, POB 1788
SANFORD, FL 32771 I SANFORD, FL 32772 -1788
THIS LETTER OF CREDIT THE PROCEEDS SHALL BE HELD BY THE CITY OF
SANFORD AS A CASH BOND TO SECURE CONTINUED ADHERENCE TO THE TERMS
OF THE MAINTENANCE AGREEMENT WITH SUNCOM DEVELOPMENT, LLC.
UPON TENDER OF PAYMENT, YOU WILL RELEASE TO THE BANK THE ORIGINAL
IRREVOCABLE LETTER OF CREDIT MARKED "CANCELLED ". IN ANY EVENT,
UPON EXPIRATION OF THE MAINTENANCE AGREEMENT DATED MAY 16, 2007,
AND THE COMPLETION OF SUNCOM DEVELOPMENT, LLC'S OBLIGATIONS
THEREUNDER, YOU WILL RETURN THE ORIGINAL LETTER OF CREDIT TO THIS
BANK MARKED "CANCELLED ".
WE HEREBY ENGAGE WITH YOU THAT ALL DRAFTS DRAWN UNDER AND IN
COMPLIANCE WITH THE TERMS OF THIS CREDIT, THAT SUCH DRAFTS WILL
BE DULY HONORED UPON PRESENTATION TO THE DRAWEE.
IF THE CITY OF SANFORD CITY COMMISSIONERS INITIATES SUIT UNDER
THIS LETTER OF CREDIT, THE BANK HEREBY AGREES TO BE RESPONSIBLE
FOR THE CITY OF SANFORD'S COURT COSTS AND REASONABLE ATTORNEY'S
FEES, BUT COLONIAL BANK, N.A., SHALL NOT BE RESPONSIBLE FOR ANY
ATTORNEY'S FEES IN EXCESS OF FIFTEEN PERCENT (15 %) OF THE
AGGREGATE AMOUNT OF THIS LETTER OF CREDIT.
THIS LETTER OF CREDIT SETS FORTH IN FULL THE TERMS OF OUR
UNDERTAKING AND SUCH UNDERTAKING SHALL NOT, IN ANY WAY, BE
AMENDED BY REFERENCE HEREIN TO ANY AGREEMENT, AND ANY SUCH
REFERENCE SHALL NOT BE DEEMED TO INCORPORATE HEREIN BY REFERENCE
ANY DOCUMENT OR AGREEMENT OTHER THAN THE MAINTENANCE AGREEMENT
DATED MAY 16, 2007 AS REFERENCED HEREIN.
EXCEPT SO FAR AS OTHERWISE EXPRESSLY STATED HEREIN, THIS LETTER
OF CREDIT IS SUBJECT TO THE INTERNATIONAL STANDBY PRACTICES 1998
( "ISP98 "), INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION 590.
* * * * * * * * ** END OF CREDIT * * * * * * * * **
C'.
COLONIAL BAND° N.A.
II STANDBY LETTER OF CREDIT
IPAGE 3 I
II PLACE OF ISSUE SUNRISE
ICONTINUATION
OF
INUMBER II
II DATE OF ISSUE MAY 16, 2007
ISTANDBY
I
LETTER OF CREDIT
AND PLACE OF EXPIRY
131 9927 II
I
I
II ADVISED BY MAIL (DATE
II
I
MAY 16, 2008 SUNRISE, FLORIDA II
II APPLICANT
IBENEFICIARY
II
SUNCOM DEVELOPMENT, LLC.
I
CITY OF SANFORD
II 550 N. PALMETTO AVE.
I
CITY COMMISSION, SANFORD
CITY HALL II
SUITE 105
I
300 N. PARK AVENUE, POB
1788
II SANFORD, FL 32771
I
SANFORD, FL 32772 -1788
II
II
II
II
11
II
Ii
II
II
THIS AREA
II
II
II
II
II
II
�
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I
I
INTENTIONALLY
I
I
BLANK
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I
I
I
I
I
I
II
II
II
II
II
II
II
II
II
II
II
II
I I
I
II THIS DOCUMENT CONSISTS OF 3 PAGES
i
II YOURS FAITHFULLY,
II
II FOR AND ON BEHALF OF
I
II
II COLONIAL BANK, N.A.
i
11
II
I
I
II
��
AUTHORIZED SIGNATURES)
II
't
DALE BEASLEY
CONSTRUCTION
c6mPANY LLC.
6526 Lynn Road
Orlando, FL 32810
Phone (407) 466 -7883
PROPOSAL
Job: CELERY IESTATES SOUTH - BRISSON
i
ITEM
1.00
2.00
3.00
a 1 vr%m
DESCRIPTION I
24" RCP 0'- 6'
24" RCP V - B 1
30" RCP (0'- 6'
QUANTITY
104
41•
300
UNIT
LF
LF
LF
COST
$ 15.00
$ 16.00
$ 17.00
TOTAL '
$ 1,580.00
$ 656.00
$ -5 100.00
4.00
6.00
6.00
36" RCP 6' - 8'
42" RCP 6 - 8'
36" MES
723
185
1
LF
LF
EA
S 21.00
$ 25.00
$ 600.00
$ 15 183.00
$ 4
$ 600.00
7.00
42" MES
1
EA
$ 800.00
$ 800.00
8.00
36" HEADWALL
1
EA
$ 1,350.00
$ 1,350.00
8.
4
0.00
11.00
12.00
TYPE "J" CURB INLET
TYPE "J" MANHOLE 6' DI
1
1
EA
EA
$ 1,050.00
$ 1
$ 1,050.00
$ 1 200.00
13.00
CONTROL STURCTURE
1
EA
$ 1
$ 1
WATER MAIN
SUB TOTAL $ 39 424.00
ITEM
DESCRIPTION
QUANTITY
UNIT
TOTAL
1.00
8" WATER MAIN
20
LF
$ 6.50
$ 170.00
2.00
6" WATERMAIN
2280
LF
$ 7.00
$ 15,980.
3.00
FIRE HYDRANTS
4
EA
$ 650.00
$ 2,600.00
4.00
6" GATE VA UE
2
EA
$ 200.00
$ 400.00
5.00
DBL WATER SERVICE
11
EA
$ 150.00
$ 1
6.00
SINGLE WATER qERVICE
31
EA
$ 125.00
$ 3,87 .00
7.00
FITTINGS
1
LS
$ 3,850.00
$ 3,850.00
8.00
TESTING /ST9
1
LS
S 1.650.00
$ 1
- 3015
SUB TOTAL
A
RECLAIM WATER MAIN
ITEM
IDESCRIPTION
QUANTITY
UNIT
TOTAL
3.00
4" RC WATER MAIN
2080
LF
$ 8.00
$ 12 360.00
4.00
6" RC WATER MAIN
60
LF
$ 8.50
$ 510.00
6.00
4" GATE VALUE
2
EA
$ 150.00
$ 300.00
8.00
DBL RC WATER' SERVICE
14
EA
$ 150.00
$ 2100.00
9.00
SINGLE RC WA ER SERVICE
25
EA
$ 125.00
$ 3,125.00
10.00
FITTINGS I
1
LS
$ 3,425.00
$ 3
11.00
TESTING
1
LS
$ 1
$ 1,450.00
8" SEWER PIPE 10'- 12'
540
LF
$ 20.00
$ 10,800.00
8.00
DBL SEWER SERVICE
23
I
SANITARY SEWER
ITEM
DESCRIPTION I
QUANTITY
UNIT
ITOTAL
1.00
SEWER MANHOLES 0 - 6'
2
EA
$ 850.00
$ 1,700.00
2.00
SEWER MANHOLES 6' - 8'
2
EA
$ 950.00
$ 1,900.00
3.00
SEWER MANHOLES 8' - 10
6
EA
$ 1
$ 6
4.00
SEWER MANHO ES 10 12'
1
EA
$ 1
$ '1
6.00
8" SEWER PIPE 0 - 6'
180
LF
$ 12.00
7
8.
8" SEWER PIPE e' - 8'
600
LF
$ 14.50
$ 8,700.00
7.00
8" SEWER PIPE 8' -10'
762
LF
$ 17.00
$ 2
8" SEWER PIPE 10'- 12'
540
LF
$ 20.00
$ 10,800.00
8.00
DBL SEWER SERVICE
20
EA
$ 200.00
$ 4
9.00
SINGLE SEWER SERVICE
13
EA
$ 175.00
$ 2,275.00
11.00
TESTING /LAMPING AIR TEST
1
LS
$ 3,986.00
$ 3,985.00
SUB TOTAL 1
$ 50 078.00
MISCELLANEOUS
ITEM
IDESCRIPTION
QUANTITY
UNIT
TOTAL
2.00
MOBILIZATION
1
ILS
NC
$ -
SUBTOTAL
$
TOTAL $ 142,927.00
NOTES
1 PROPOSAL INCLUSIVE OF LINE ITEMS ONLY
2 TV OF STORM AND SEWER NOT INCLUDED
3 NO DEWATERINP INCLUDED
4 ALL PERMITS BY OTHERS
5 NO SODING ARE RESTORING OF RIGHT OF WAY INCLUDED
6 GEO TESTING BY OTHERS
7 CONSTRUCTION ISURVEY BY OTHERS
8 TRAFFIC CONTROL BY OTHERS
9 REMOVAL AND IMPORT OF UNSUITABLE MATERIAL BY OTHERS
Please Indicate your sccept�nce by signing and dating on the line provided below.
Payment due at completion bf work.
Date
Th&-& you very much.
SUBDIVISION AND SITE PLAN
PRIVATE ROAD MAINTENANCE AGREEMENT
(For use with Letter of Credit)
THIS AGREEMENT is ade and entered into this day of
L ,herein er refe d to as "
200_, between S� N,Ca� ` � 5 f ,•`
"PRINCIPAL" and the OSC-A L - Sow? Homeowner's As ociation w
of subdivision, (hereinafter referred to as the 'a
"BENEFICIARY ") or, if none, the CITY OF SANFORD, a municipality of the State of Florida
(hereinafter referred to as the "HOLDER "), on behalf of all purchasers of lots within
,TOSC_A &A - -S rfj subdivision.
WITNESSETH:
WHEREAS, PRINCIPAL has constructed certain road improvements, including streets,
curbs, stoT drains and other appurtenances in that certain subdivision described as
�� - " ,�71 - , a Plat of which is recorded in Plat Book' 0Q Pages
�
:2 1 � -7 � , Public Records of Seininole County, Florida; and
WHEREAS, PRINCIPAL is obligated to protect the BENEFICIARY against any defects
resulting from faulty materials or workmanship of said road improvements and to maintain said road
improvements for a period of three (3) from Jo ^ e 2 0 _ , 200 7; and
4 yea.rs
WHEREAS, to guarantee performance of said obligations by PRINCIPAL, PRINCIPAL has
obtained and furnished to the BENEFICIARY or to the HOLDER on behalf of the owners of lots
within the subdivision (hereinafter referred to as LOT OWNERS) a certain Irrevocable Letter of
Credit No. I l 9 9 S issued by Co IU A �'/�
sum of _c � V 'z- / 1 DOLLARS ($ / 000
NOW THEREFORE, the BENEFICIARY or the HOLDER on behalf of the L OT
OWNERS, agrees to accept an Irrevocable Letter of Credit as security for the m b
of the PRINCIPAL.
PRINCIPAL, its heirs, executors, successors and assigns, jointly and severally agrees to be
held and firmly bound to the BENEFICIARY or to the HOLDER on behalf of the LOT OWNERS in
the sum of C1- r -�UE� 7%`�c�ZS.�/i� P DOLLARS ($ // pOO • ) on the condition
that, if PRINCIPAL shall promptly and faithfully protect the BENEFICIARY or LOT OWNERS
against any defects resulting from faulty materials or workmanship of the aforesaid road
improvements and maintain said road improvements for a period of three (3) years from
,0 V% r- 1 e) , 200 '1, then this obligation shall be null and void, otherwise it shall remain
in full force and effect.
The BENEFICIARY /HOLDER, or LOT OWNER shall notify the PRINCIPAL in writing of
any defect for which the PRINCIPAL is responsible and shall specify in said notice a reasonable
period of time within which PRINCIPAL shall have to correct said defect.
Should the PRINCIPAL fail or refuse to perform or correct said defects within the time
specified, the BENEFICIARY /LOT OWNERS (which shall include, but not be limited to, any
individual lot owner in (Osc �'c ���t '&R' subdivision) shall be authorized, but shall not
be obligated, to take over and perform, or cause to be performed, such work as shall be necessary to
correct such defects, and shall be authorized to draw upon the Letter of Credit to pay the cost thereof,
including, but not limited to, engineering, legal and contingent costs. Further, the
BENEFICIARY /LOT OWNERS (which shall include, but not be limited to, any individual lot
owner in T0sc -�k- QLA — Sgw 7 subdivision), in view of the public interest, health,
safety, welfare and other factors involved, and the consideration in approving and filing the said Plat
shall have the right to resort to any and all legal remedies against the PRINCIPAL, both at law and in
equity including, specifically, specific performance, to which the PRINCIPAL unconditionally
agrees.
The PRINCIPAL further agrees that the BENEFICIARY /LOT OWNERS (which shall
include, but not be limited to, any individual lot owner in S6 subdivision),
at its option, shall have the right to correct said defects resulting from faulty materials or
workmanship, or, pursuant to receipt of bids, cause to be corrected any defects or said defects in case
the PRINCIPAL shall fail or refuse to do so, and, in the event the BENEFICIARY /LOT OWNERS
should exercise and give effect to such right, the PRINCIPAL shall be obligated hereunder to
reimburse the BENEFICIARY (which shall include, but not be limited to, any individual lot owner
in sC-k P(tC4S —Sa subdivision) the total cost thereof, including, but not limited
to, engineering, legal and contingent costs, together with any damages, either direct or consequent,
which may be sustained on account of the failure of the PRINCIPAL to correct said defects.
(This Agreement and all rights hereunder may be assigned by the HOLDER to the
Homeowner's Association of 1 A, LAC-< - SQsd r r1 subdivision or to the
individual lot owners of j scar �' ��� - a -r subdivision as the case may be.)
IN WITNESS WHEREOF, the parties to this Agreement have caused their names to be
affixed hereto by the proper officers thereof.
ATTBST/WITNESSES:
By:
. A4���
Date: 6 /0 J O
PRINCIPAL:
Signed, sealed and delivered
in the presence o£
By :
ATTEST:
r
1
an Dougherty, City Cle
Date: l9 - ( -:� <D
HOLDER:
CITY OF SANFORD
SEMINOLE COUNTY, FLORIDA
Linda K hn, Mayor
o�
Date: --
COLONIAL BANK; N.A.
® Member FDIC
II STANDBY LETTER OF CREDIT (PAGE 1 II
II PLACE OF ISSUE SUNRISE (IRREVOCABLE
INUMBER II
II DATE OF ISSUE JUNE 12, 2007 ISTANDBY
LETTER OF CREDIT 131 9935 II
II
AND PLACE OF EXPIRY II
II ADVISED BY MAIL (DATE
II I
JUNE 12, 2010 SUNRISE, FLORIDA II
II APPLICANT IBENEFICIARY
II
SUNCOM DEVELOPMENT, LLC.
( TUSCA PLACE HOMEOWNERS II
II 550 N. PALMETTO AVE.
I ASSOCIATION, INC. II
SUITE 105
I 541 N. PALMETTO AVE. NO. 105 II
II SANFORD, FL 32771
I SANFORD, FL 32771 II
II ADVISING BANK
(AMOUNT USD11,000.00 U.S. DOLLARS II
NOT APPLICABLE
(ELEVEN THOUSAND ONLY I
ICREDIT AVAILABLE WITH II
II
I COLONIAL BANK, N.A. II
BY PAYMENT III
II
(AGAINST PRESENTATION OF THE DOCUMENTS II.
I I
IDETAILED HEREIN (I
II
II IRREVOCABLE LETTER OF CREDIT FOR PRIVATE ROAD MAINTENANCE II?
II AGREEMENT II •.
I
II BY ORDER OF SUNCOM DEVELOPMENT, LLC., WE HEREBY ESTABLISH AN II,
II IRREVOCABLE LETTER OF CREDIT IN YOUR FAVOR. WE HEREBY AUTHORIZE II
II YOU TO DRAW ON COLONIAL BANK, N.A., 1580 SAWGRASS CORPORATE II
II PARKWAY, SUITE 310, SUNRISE, FL 33323 UP TO AN AGGREGATE AMOUNT II'
II OF UNITED STATES DOLLARS ELEVEN THOUSAND AND 00/100
II (US$11,000.00) AVAILABLE BY YOUR DRAFTS AT SIGHT ACCOMPANIED BY A II '
II SIGNED STATEMENT FROM TUSCA PLACE HOMEOWNERS ASSOCIATION, INC., II
II THAT THE PRIVATE ROAD MAINTENANCE AGREEMENT DATED JUNE 12, 2007, II
II BETWEEN SUNCOM DEVELOPMENT, LLC AND TUSCA PLACE HOMEOWNERS II
II ASSOCIATION, INC IS IN DEFAULT. II
II DRAFTS MUST BE DRAWN AND NEGOTIATED ON OR BEFORE JUNE 12, 2010, II
II AND EACH DRAFT MUST STATE THAT IT IS DRAWN UNDER IRREVOCABLE II
II LETTER OF CREDIT NO. 31 -9935 OF COLONIAL BANK, N.A. DATED JUNE II
II 12, 2007, AND THE AMOUNT THEREOF ENDORSED ON THIS LETTER OF II
II CREDIT. IN WHICH CASE, THE BENEFICIARY SHALL BE ENTITLED TO
II DEMAND AND RECEIVE THE OUTSTANDING AMOUNT OF MONEY REPRESENTED BY II
II THIS LETTER OF CREDIT. IN THE EVENT A DRAW BASED ON EXPIRATION OF
II THIS LETTER OF CREDIT THE PROCEEDS SHALL BE HELD BY TUSCA PLACE II
II HOMEOWNERS ASSOCIATION, INC AS A CASH BOND TO SECURE CONTINUED
II ADHERENCE TO THE TERMS OF THE PRIVATE ROAD MAINTENANCE AGREEMENT II
II WITH SUNCOM DEVELOPMENT, LLC. II
II UPON TENDER OF PAYMENT, YOU WILL RELEASE TO THE BANK THE ORIGINAL II
I IRREVOC LETTER OF CREDIT MARKED "CANCELLED ". IN ANY EVENT, -I II
I
COLONIAL BANK, N.A.
® .--lc
II STANDBY LETTER OF CREDIT (PAGE 2 II
II PLACE OF ISSUE SUNRISE (CONTINUATION
OF (NUMBER II
I1 DATE OF ISSUE JUNE 12, 2007 ISTANDBY
LETTER OF CREDIT 131 9935 II
I
AND PLACE OF EXPIRY II
II ADVISED BY MAIL (DATE
1 JUNE 12, 2010 SUNRISE, FLORIDA II
II APPLICANT
IBENEFICIARY
II SUNCOM DEVELOPMENT, LLC.
1 TUSCA PLACE HOMEOWNERS II
550 N. PALMETTO AVE.
I ASSOCIATION, INC. II
i1 SUITE 105
I 541 N. PALMETTO AVE. NO. 105 II
SANFORD, FL 32771
I SANFORD, FL 32771 II
II UPON EXPIRATION OF THE PRIVATE ROAD MAINTENANCE AGREEMENT DATED I1
I1 JUNE 12, 2007, AND THE COMPLETION OF SUNCOM DEVELOPMENT, LLC
II OBLIGATIONS THEREUNDER, YOU WILL RETURN THE ORIGINAL LETTER OF II
II CREDIT TO THIS BANK MARKED "CANCELLED ". II
I1 WE HEREBY ENGAGE WITH YOU THAT ALL DRAFTS DRAWN UNDER AND IN II
II COMPLIANCE WITH THE TERMS OF THIS CREDIT, THAT SUCH DRAFTS WILL II
II BE DULY HONORED UPON PRESENTATION TO COLONIAL BANK, N.A. II
I1 IF TUSCA PLACE HOMEOWNERS ASSOCIATION, INC INITIATES SUIT UNDER II
II THIS LETTER OF CREDIT, THE BANK HEREBY AGREES TO BE RESPONSIBLE II
II FOR BENEFICIARY'S COURT COSTS AND REASONABLE ATTORNEY'S FEES, BUT II
II COLONIAL BANK, N.A., SHALL NOT BE RESPONSIBLE FOR ANY ATTORNEY'S II
II FEES IN EXCESS OF FIFTEEN PERCENT (150) OF THE AGGREGATE AMOUNT II
II OF THIS LETTER OF CREDIT. II
II THIS LETTER OF CREDIT SETS FORTH IN FULL THE TERMS OF OUR II
II UNDERTAKING AND SUCH UNDERTAKING SHALL NOT, IN ANY WAY, BE II
Ii AMENDED BY REFERENCE HEREIN TO ANY AGREEMENT, AND ANY SUCH
1I REFERENCE SHALL NOT BE DEEMED TO INCORPORATE HEREIN BY REFERENCE II
II ANY DOCUMENT OR AGREEMENT OTHER THAN THE PRIVATE ROAD MAINTENANCE II
I1 AGREEMENT DATED JUNE 12, 2007 AS REFERENCED HEREIN. II
II EXCEPT SO FAR AS OTHERWISE EXPRESSLY STATED HEREIN, THIS LETTER II
II OF CREDIT IS SUBJECT TO THE INTERNATIONAL STANDBY PRACTICES 1998
II ( "ISP98 "), INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION 590.
II * * * * * * * ** END OF CREDIT * * * * * * * * ** II
II
II
II I II
THIS AREA INTENTIONALLY BLANK
II i II
II I II
I
I I'
COLONIAL BANK NA
® Member 10C
II STANDBY LETTER OF CREDIT
IPAGE 3 II
II PLACE OF ISSUE SUNRISE
(CONTINUATION
OF
INUMBER II
II DATE OF ISSUE JUNE 12, 2007
ISTANDBY
LETTER OF CREDIT
AND PLACE OF EXPIRY
131 9935 II
II
II
II ADVISED BY MAIL (DATE
JUNE 12, 2010 SUNRISE,
FLORIDA 1
II APPLICANT
1BENEFICIARY
II
SUNCOM DEVELOPMENT, LLC.
I
TUSCA PLACE HOMEOWNERS
II
II 550 N. PALMETTO AVE.
i
ASSOCIATION, INC.
II
SUITE 105
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541 N. PALMETTO AVE. NO. 105 II
II SANFORD, FL 32771
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SANFORD, FL 32771
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THIS AREA
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INTENTIONALLY
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II THIS DOCUMENT CONSISTS OF 3 PAGES
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II YOURS FAITHFULLY,
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II FOR AND ON BEHALF OF
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II COLONIAL BANK, N.A.
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i 1 AUTHOR SIGNATURES)
EDC / EXCELSIOR DEVELOPMENT CO.
2009 Longwood -Lake Mary Road, Suite 1015
Longwood, FL 32750 -3512
Phone: 407 - 771 -4442 — Fax: 407 - 771 -4452
CELERY ESTATES SOUTH
ASPHALT PAVING COSTS
May 23, 2007
ASPHALT PAVING
ITEM DESCRIPTION
1.00 FIRST LIFT ASPHALT PAVING
2.00 SECOND LIFT ASPHALT PAVING
QUANTITY UNIT AMOUNT
1 LS $ 27,500.00
1 LS $ 27,500.00
$55,000.00
CERTIFICATE OF COMPLETION
THIS IS TO CERTIFY THAT THE INFRASTRUCTURE FOR THE DEVELOPMENT OF:
Tusca Place South
CONSTRUCTED BY: Suncor Properties, Inc.
BUSINESS ADDRESS: 550 N. Palmetto Avenue, Sanford, Flo 32771
HAS BEEN COMPLETED IN ACCORDANCE WITH THE APPROVED ENGINEERING
DOCUMENTS IN A FORM AND MANNER ACCEPTABLE BY THE CITY OF SANFORD,
FLORIDA.
CONTRACTOR:EDC
BUSINESS ADDRESS: 120 International Pkwy., Suite 220, Heathrow, Fl. 32746
RECEIVED:
YES NO NA
X _ MAINTENANCE BONDS OF $ 11,000.00 (Private Roads/Drng.)
$ 28,585.40 Water & Sewer (public)
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RECORD DRAWINGS
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EASEMENTS/DEDICATIONS
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PLAT
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ENGINEER'S CERTIFICATE
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HOA DOCUMENTS
APPROVED:
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UTILITIES
PUBLIC WORKS
6/i/
DATE
DATE
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;EN G & PLANNING DATE
ADMINISTRATIVE OFFICIAL DATE