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1873 Thornbrooke Maintenance Bonds (4)RIO �cti°$9 PLANNING & EL ° SF-RvicEs TRANSMITTAL To: City Clerk E: 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 Bonds Ordinance Performance Bonds Resolution Once completed, please: ❑ Return original ❑ Return copy ❑ Mayor's signature ❑ Recording ❑ Rendering ® Safe keeping (Vault) Special Instructions: Note that I have provided copies to the Finance Department. The developer has requested a scanned copy once the maintenance bonds have been signed. Please them email to Michael,cash(csanfordfl.gov and I will forward to her. Please advise if you have any questions regarding the above. Thank you! M%Ckt�� cp,6(� From TADept_forms\City Clerk Transmittal Memo - 2009.doe Date Ah I I Transmittal Memorandum is7- To: City Clerk's Office Date: October 25, 2017 From: Michael Cash Email: Michael.Cash@sanfordfl.gov Subject: Bond information for CAE system Dept.: Planning & Development Services Phone: 407.688.5148 Project Name: Thornbrooke Phase 4 & 5 Single Family Project Address: 133 N. White Cedar Road Bond Type: X Maint./Agreement o Letter Of Credit o Cashier Check o Performance o Certified Check o Cash Bond o Cash Deposit o Construction Loan Agreement Bond number: SUI 147468 Amount: $86,860.72 Bond Holder Name: Taylor Morrison of Florida, Inc. & Wal -Rose, Inc. Bond Holder Address: 151 Southhall Lane, Suite 200, Maitland, FL 32751 Bond Holder Phone: 407-618-8993 Email: jshepperd(ctaylormorrison.com Bond Obligation: Water, Reuse & Wastewater Utilities Surety Name: Arch Insurance Company Surety Address: 3 Parkway, Suite 1500, Philadelphia, PA 19102 Surety Phone: Effective Date: October 18, 2017 (City's acceptance) Alarm date: July 18, 2020 (90 days prior to expiration date) Email: Expiration date: October 18, 2020 (Three (3) years from acceptance) f.`,I�er lc>pnt nl Re4I If 3--tinllmnation- Hiornbiooke i'N <4-> DOIitv.doe Bond No. SU1147468 larammulii; DO NOT MAKE CHANGES TO THIS FORM. Bonding company must be listed in the Federal Register (Department of Treasury Circular 570). KNOW ALL MEN BY THESE PRESENTS, THAT Taylor Morrison of Florida, Inc. of Maitland, Florida , referred to as the DEVELOPER and Wal -Rose, Inc. of Sanford , Florida , referred to as the CONTRACTOR and Arch Insurance Company of Jersey City New Jersey hereinafter called the SURETY, are held and firmly bound unto the City of Sanford, a political subdivision of the State of Florida, hereafter called the CITY, whose address is 300 North Park Avenue, Sanford, Florida 32771, in the full and just sum of Eighty -Six Thousand Eight Hundred Sixty Dollars and Seventy -Two Cents $86,860.72 lawful money of the United States of America, to the payment of which sum, well and truly to be made, the DEVELOPER, CONTRACTOR, AND SURETY bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the DEVELOPER caused the CONTRACTOR to install certain water, reuse and wastewater utilities, and/or other related improvements in or around the CITY, known and identified as follows- Thornbrooke Single Family, Phases 4 and 5 with the approval of the CITY under the provisions, conditions, and requirements of the development plan approval granted the 17th day of November, 2016 by the CITY. WHEREAS, the DEVELOPER and CONTRACTOR are obligated to protect the City against any defects resulting from faulty materials or workmanship of said improvements and to maintain said improvements for a period of three (3) years from the 18th day of October, 2017. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that if the DEVELOPER or CONTRACTOR shall promptly and faithfully protect the CITY against any defects, correct all defects in the aforesaid improvements, maintain the aforesaid improvements and fully indemnify the CITY for all loss the CITY may sustain by reason of any defect in materials, construction or failure on the part of the DEVELOPER or CONTRACTOR to fully maintain said improvements, including but not limited to the water, reuse and wastewater utilities, for a period of three (3) years from the date of issuance of the Certificate of Completion by the CITY, which shall be the 18th day of October, 2017 and the DEVELOPER pays any and all costs and expenses incidental to the performance of any work required to be performed hereunder, then this obligation shall be void', otherwise to remain in full force and effect. THE CITY shall notify the DEVELOPER or CONTRACTOR in writing of any defects for which the DEVELOPER and CONTRACTOR are responsible and shall specify in said notice a reasonable period of time which DEVELOPER or CONTRACTOR shall have to correct said defects. Page 1 of 3 THE SURETY unconditionally covenants and agrees that if the DEVELOPER or CONTRACTOR fails to perform, within the time specified by the City, the SURETY, upon "thirty (30) days written notice from the CITY, or its authorized agent or officer, of default, will forthwith correct such defect or defects and pay the cost thereof, including, but not limited to engineering, legal, and contingent costs. FURTHERMORE, should the SURETY fail or refuse to correct said defect or defects, the CITY in view of the public interest, health, safety, welfare, and other factors involved, and the consideration in approving said development plans, shall have the right to resort to any and all legal remedies against the DEVELOPER, CONTRACTOR, and SURETY, either individually or together, both at law and in equity, including specifically, specific performance to which the DEVELOPER, CONTRACTOR, and SURETY unconditionally agree. THE DEVELOPER, CONTRACTOR, AND SURETY further jointly and severally agree that the CITY at its option, shall have the right to correct said defect or defects resulting from faulty materials or workmanship, or pursuant to public advertisement and receipt of bids, cause to be corrected said defect or defects in case the DEVELOPER or CONTRACTOR shall fail or refuse to do so, and in the event the CITY should exercise and give effect to such right, the DEVELOPER, CONTRACTOR, and SURETY shall be jointly and severally responsible hereunder to reimburse the CITY the total cost thereof, including, but not limited to, engineering, legal, and contingent cost, together with any damages, either direct or indirect, which may be sustained on account of the failure of the DEVELOPER, CONTRACTOR, or SURETY to correct said defects. THE DEVELOPER, CONTRACTOR, AND SURETY hereby waive notice of any and all modifications, omissions, additions, changes and in or about CITY ordinances, the CITY's technical specifications and design criteria for utility work and improvements and, further, agree that the obligations undertaken by this Bond shall not be impaired in any manner by reason of any modifications, omissions, additions, changes, and advance payments or deferred payments-, PROVIDED, HOWEVER, that the obligation of the SURETY shall be limited to the penal sum herein as well as the costs set forth in the following sentences of this paragraph. The Parties further expressly agree that any action on this Bond shall be brought in Seminole County Circuit Court and governed by Florida law and may be brought within the time allowed for suits on contracts for payment of money. The City shall be entitled to all its costs and expenses, including attorneys' fees, incurred in the enforcement of SURETY's obligations under this Agreement. IN WITNESS WHEREOF, the DEVELOPER, CONTRACTOR, and SURETY have executed these presents this 23rd day of October 2017 . ADDRESS: Tavlor Morrison of Florida, Inc. .(SEAL) 2600 Lake Lucien Drive, Suite 350 DEVELOPS Maitland FL 32751 BY. ITS'... (IF A CORPC�RAVON) Page 2 of 3 ADDRESS - Harborside 3, 210 Hudson Street, Suite 300 Jersey City, NJ 07311-1107 Attest Cynthiaorter, City -Clerk ATTEST: ITS:- Wal -Rose. Inc. CONTRACTOR BY: ITS: (IF A CORPORATION) TT: (SEAL) Arch Insurance Company -(SEAL) SURETY BY: ITS: ATf0_RNk((-IN-FAC;Kan6'FL Licensed Nonroijerlt Agent, Licefise No. W329008, Joshua Sanford c/o Willis of Florida, Inc. 4211 W. Boy Scout Blvd., Ste. 1000 Tampa, FL 33607 ATTEST: Inquiries: (813) 281-2095 ITS: Witness, Noah Pierce Page 3 of 3 fVC0OOU190O53 THIS POWER OF4TTORNEY0NOT VALID UNLESS ITIS PRINTED ON BLUE BACKGROUND. - POWERThis Power of Attorney limits the acts of those named herein, and they have no authority to bind the Company except in the manner and to the extent herein stated. Not valid for Mortgage, Note, Loan, Letter of Credit, Bank Deposit, Currency Rate, Interest Rate or Residential Value Guarantees. OF ATTORNEY Know All Persons,By These Presents: That the Arch Insurance Company, a corporation organized and existing under the laws of the State of Misaouh, having its principal administrative office in Jersey City, New Jersey (hereinafter referred to as the "Company") does hereby appoint: ^ Adam Martin, Aimee R.Pemn Brian Petorn, Danielle D.Johnson, Donna M. Planeta, Jennifer M. Garten, Joshua Sanford, Keri Ann Smith, Michelle Anne&MdNohon. Nicole Ann Qark, Stacy Rivera and Stephani A. Trudeau of Hartford, CT (EACH) its true and lawful Attorney(s)in-Fact, to make, execute, seal, and deliver from the date of issuance of this powerfor and onits behalf os surety, and as its act and deed: Any and all bonds, undertakings, recognizances and other surety obligations, in the penal sum not exceeding Ninety Million Dollars ($90,000,000.00). This authority does not permit the same obligation tobesplit into two or more bonds |norder tobring each such bond within the dollar limit ofauthority oaset forth herein. The execution of such bonda, undertakings, recognizances and other surety obligations in pursuance of these binding upon the said Companyas fully and amply to all intents and purpuaeo, as if the nomo had been duly executed and acknowledged by its regularly elected officers at its principal administrative office in Jersey City, New Jersey. This Power of Attorney isexecuted by authority of resolutions adopted byunanimous consent of the Board of Directors of the Company on September 15, 2O11.true and accurate copies ofwhich are hereinafter hereby certified 0obythe undersigned Secretary as being in full force and effect: "VOTED, That the Chairman of the Board, the President, or the Executive Vice President, or any Senior Vice President, of the Surety Business Division, urtheir appointees designated in writing and filed with the Secretary, or the Secretary shall have the power and authority to appoint agents and attomeyo in4act. and to authorize them subject tothe limitations set forth in their respective powers of attorney, toexecute onbehalf of the Company, and attach the seal ofthe Company thereto, bonds, undertakings, d other surety obligations obligatory any such officers ofthe Company may appoint agents process," This Power of Attorney is aigned, sealed and certified by facsimile under and by authority ofthe following resolution adopted by the unanimous consent of the Board of Directors of the Company on September 15, 2011: VOTED, That the signature of the Chairman of the Board, the President, or the Executive Vice President, or any Senior Vice President, of the Surety Business Division, or their appointees designated in writing and filed with the Secretary, and the signature of the Secretary, the seal of the Company, and certifications by the SerretWy, 'may be affixed by facsimile on any power of attorney or bond executed pursuant to the resolution adopted by the Boa�d ofbi'r'edtors on September 15, 2011, and any such power so executed, sealed and certified with respect to any bond or under!9kipg,to4hich itJ3 attached, shall continue to be valid and binding upon the ` OOMLOO13 00 03 03 Page I of 2 Printed in U.S.A. AIC 0000198053 In Testimony Whereof, the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this 7`h day of October, 2016. Attested and Certified Arch Insurance Company �4,. Sxrxtxmnre sErc ,4 Asn Patrick K. Nails, Secretary STATE OF PENNSYLVANIA SS v4solid COUNTY OF PHILADELPHIA SS David M. in a stein, Executive Vice President I, Helen Szafran, a Notary Public, do hereby certify that Patrick K. Nails and David M. Finkelstein personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth. Ct?t:'rMQMh'Eit-Tt4PZN IA NOTARAL SFAL HELEN STAFRAN. ftly PUNIC CRY of PhBadelphia, Pwa, Cour Pd C�siott E s t?c0�er 3. 17 elen Szafran, N6tary Ffublidv My commission expires 10/03/2017 CERTIFICATION I, Patrick K. Nails, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated October 7, 2016 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and I do further certify that the said David M. Finkelstein, who executed the Power of Attorney as Executive Vice President, was on the date of execution of the attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Company. IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corporate seal of the Arch Insurance Company on this'Z31-44day of C J,,o,�e —,20 . Patrick K. Nails, Secretary This Power of Attorney limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated. PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Insurance — Surety Division. 3 Parkway,Suite 1500I�"� 1 Philadelpia, PA 19102 { urYf srxt. #L asst {�'f3ttf� OOMLOO13 00 03 03 Page 2 of 2 Printed in U.S.A. AIC 0000198053 In Testimony Whereof, the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this 7th day of October, 2016. Attested and Certified "a 4 cvKrs�c�t'e 4 Osm Asn e r11A k&d 4�a Patrick K. Nails, Secretary David M. MnKebrstein, Executive Vice President STATE OF PENNSYLVANIA SS COUNTY OF PHILADELPHIA SS I, Helen Szafran, a Notary Public, do hereby certify that Patrick K. Nails and David M. Finkelstein personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth. aarnrormereTHt�F RaWNaYcvnrain NOTARtALSEAL HELEN WFRAN. Notary Public Cityof Phllaielphia, PhAg. County LmCommission ires October 3. 17 i elen Szafran, N tary Plublicv My commission expires 10/03/2017 CERTIFICATION I, Patrick K. Nails, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated October 7. 2016 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and I do further certify that the said David M. Finkelstein, who executed the Power of Attorney as Executive Vice President, was on the date of execution of the attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Company. IN TESTIMQNY WHEREOF, I have hereunto subscribed my name and affixed the corporate seal of the Arch Insurance Company on this Z3 r` day of 0 C k I,&- , 20—L?—. "I 4—'ay Patrick K. Nails, Secretary This Power of Attorney limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated. PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Insurance — Surety Division 3 Parkway, Suite 1500 / Philadelphia, PA 191020 fes' g � wxn�icn.rL � t s�sc tb'Pi OOMLOO13 00 03 03 Page 2 of 2 Printed in U.S.A. Arch Insurance Company � I Transmittal Memorandum 187= 77— To: City Clerk's Office Date: October 25, 2017 From: Michael Cash Email: Michael.Cash@sanfordfl.gov Subject: Bond information for CAE system Dept.: Planning & Development Services Phone: 407.688.5148 Project Name: Thornbrooke Phase 4 & 5 Single Family Project Address: 133 N. White Cedar Road Bond Type: X Maint./Agreement o Letter Of Credit o Cashier Check o Performance o Certified Check o Cash Bond o Cash Deposit o Construction Loan Agreement Bond number: SU 1147469 Amount: $113,336.43 Bond Holder Name: Taylor Morrison of Florida, Inc. & Wal -Rose, Inc. Bond Holder Address: 151 Southhall Lane, Suite 200, Maitland, FL 32751 Bond Holder Phone: 407-618-8993 Bond Obligation: Roads, Sidewalks & Drainage Surety Name: Arch Insurance Company Email: jshepperd cr,taylormorrison.com Surety Address: 3 Parkway, Suite 1500, Philadelphia, PA 19102 Surety Phone: Effective Date: October 18, 2017 (City's acceptance) Alarm date: July 18, 2020 (90 days prior to expiration date) Email: Expiration date: October 18, 2020 (Three (3) years from acceptance) I:`L)c%clopmcnt kc%ielett7i E`n ince�inu-]i3 )nds'v20I71,'Fhornbrookc\III I 3-4 Tovenlwmc,,,,R and I'll 4-� Roads.doc Bond No. SU 1147469 STORM DRAINAGE AND PAVING MAINTENANCE (MATERIALS AND WORKMANSHIP WARRANTY) BOND DO NOT MAKE CHANGES TO THIS FORM. Bonding company must be listed in the Federal Register (Department of Treasury Circular 570). KNOW ALL MEN BY THESE PRESENTS, THAT Taylor Morrison of Florida, Inc. of Maitland, Florida referred to as the DEVELOPER and Wal -Rase Inc. of Sanford , Florida referred to as the CONTRACTOR and Arch Insurance Company of Jersey City , New Jersey ,hereinafter called the SURETY, are held and firmly bound unto the City of Sanford, a political subdivision of the State of Florida, hereafter called the CITY, whose address is 300 North Park Avenue, Sanford, Florida 32771, in the full and just sum of One Hundred Thirteen Thousand, Three Hundred Thirty -Six Dollars and Forty - Three Cents $113,336.43 lawful money of the United States of America, to the payment of which sum, well and truly to be made, the DEVELOPER, CONTRACTOR, AND SURETY bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the DEVELOPER caused the CONTRACTOR to install certain water, reuse and wastewater utilities, and/or other related improvements in or around the CITY known and identified as follows: Thornbrooke Single Family, Phases 4 and 5 with the approval of the CITY under the provisions, conditions, and requirements of the development plan approval granted the 17th day of November, 2016 by the CITY. WHEREAS, the DEVELOPER and CONTRACTOR are obligated to protect the City against any defects resulting from faulty materials or workmanship of said improvements and to maintain said improvements for a period of three (3) years from the _18th day of October, 2017. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that if the DEVELOPER or CONTRACTOR shall promptly and faithfully protect the CITY against any defects, correct all defects in the aforesaid improvements, maintain the aforesaid improvements and fully indemnify the CITY for all loss the CITY may sustain by reason of any defect in materials, construction or failure on the part of the DEVELOPER or CONTRACTOR to fully maintain said improvements, including but not limited to the water, reuse and wastewater utilities, for a period of three (3) years from the date of issuance of the Certificate of Completion by the CITY, which shall be the 18th day of October. 2017 and the DEVELOPER pays any and all costs and expenses incidental to the performance of any work required to be performed hereunder, then this obligation shall be void; otherwise to remain in full force and effect. THE CITY shall notify the DEVELOPER or CONTRACTOR in writing of any defects for which the DEVELOPER and CONTRACTOR are responsible and shall specify in said notice a reasonable period of time which DEVELOPER or CONTRACTOR shall have to correct said defects. Page 1 of 3 THE SURETY unconditionally covenants and agrees that if the DEVELOPER or CONTRACTOR fails to perform, within the time specified by the City, the SURETY, upon thirty (30) days written notice from the CITY, or its authorized agent or officer, of default, will forthwith correct such defect or defects and pay the cost thereof, including, but not limited to engineering, legal, and contingent costs. FURTHERMORE, should the SURETY fail or refuse to correct said defect or defects, the CITY in view of the public interest, health, safety, welfare, and other factors involved, and the consideration in approving said development plans, shall have the right to resort to any and all legal remedies against the DEVELOPER, CONTRACTOR, and SURETY, either individually or together, both at law and in equity, including specifically, specific performance to which the DEVELOPER, CONTRACTOR, and SURETY unconditionally agree. THE DEVELOPER, CONTRACTOR, AND SURETY further jointly and severally agree that the CITY at its option, shall have the right to correct said defect or defects resulting from faulty materials or workmanship, or pursuant to public advertisement and receipt of bids, cause to be corrected said defect or defects in case the DEVELOPER or CONTRACTOR shall fail or refuse to do so, and in the event the CITY should exercise and give effect to such right, the DEVELOPER, CONTRACTOR, and SURETY shall be jointly and severally responsible hereunder to reimburse the CITY the total cost thereof, including, but not limited to, engineering, legal, and contingent cost, together with any damages, either direct or indirect, which may be sustained on account of the failure.of the DEVELOPER, CONTRACTOR, or SURETY to correct said defects. THE DEVELOPER, CONTRACTOR, AND SURETY hereby waive notice of any and all modifications, omissions, additions, changes and in or about CITY ordinances, the CITY's technical specifications and design criteria for utility work and improvements and, further, agree that the obligations undertaken by this Bond shall not be impaired in any manner by reason of any modifications, omissions, additions, changes, and advance payments or deferred payments; PROVIDED, HOWEVER, that the obligation of the SURETY shall be limited to the penal sum herein as well as the costs set forth in the following sentences of this paragraph. The Parties further expressly agree that any action on this Bond shall be brought in Seminole County Circuit Court and governed by Florida law and may be brought within the time allowed for suits on contracts for payment of money. The City shall be entitled to all its costs and expenses, including attorneys' fees, incurred in the enforcement of SURETY's obligations under this Agreement. IN WITNESS WHEREOF, the DEVELOPER, CONTRACTOR, and SURETY have executed these presents this 23rd day of October, 2017. ADDRESS: Taylor Morrison of Florida, Inc. (SEAL) 2600 Lake Lucien Drive, Suite 350 DEVELOP Maitland, FL 32751 BY: ITS: ✓ ---- (IF A CORPORATION) Page 2 of 3 ATTEST: ITS: < V I ADDRESS: Wal -Rose, Inc. (SEAL) CONTRACTOR v, BY: - ITS: (IF A CORPORATION) ATTES� m, ITS:, -_y 7 .� ,. it Harborside 3, 210 Hudson Street, Suite 300, JERSEY CITY, NJ 07311 - 1107 Attest L'� O. -A CynthiaPPorter, City Clerk Arch Insurance Compan SURETY CV (SEAL) W329008. Joshua Sanford c/o Willis of Florida, Inc. 4211 W. Boy Scout Blvd„ Ste. 1000 ATTEST:_- `: Tampa, FL 33607 ITS: Witness. Noah Pierce Inquiries: (813) 281-2095 For use and reliance of the Sanford City Commission only. Approved as to legality.,jd '47 ri oiler tv" Page 3 of 3 AIC 0000198058 THIS POWER OFATTORWEYXSNOT VALID UNLESS ITIS PRINTED QNBlUEBACKGRO0ND. This Power of Attorney limits the acts of those named herein, and they have no authority to bind the Company except in the manner and to the extent herein stated, Not valid for Mortgage, Note, Loan, Letter of Credit, Bank Deposit, Currency Rate, Interest Rate or Residential Value Guarantees. Know All Persons By These Presents: POWER OF ATTORNEY That the Arch Insurance Company, a corporation organized and existing under the laws of the State of Missouri, having its principal administrative office in Jersey City, New Jersey (hereinafter referred to as the "Company") does hereby appoint: Adam Martin, Aimee R. Perondine, Aiza Lopez, Ashley Sinclair, Brian Peters, Danielle D. Johnoon, Donna M Garten, Joshua Sanford, Keri Ann Smith, Michelle Anne McMahon, Nicole Ann Clark, Stacy Rivera and Stephani A. Trudeau of Hartford, CT (EACH) its true and lawful Unmake, execute, seal, and deliver from the date cf issuance ofthis power for and nnits behalf aa surety, and as its act and deed: Any and all bonds, undertakings, recognizances and other surety obligations, in the penal sum not exceeding Ninety Million Dollars ($90,000,000.00). This authority does not permit the same obligation to be split into two ormore bonds In order to bring each such bond within the dollar limit o[authority aoset forth herein. The execution of such bonds, noea and other surety obligations in pursuance of these binding upon the said Companyasfully mand amply to all intents and purpoeeo, as if the same had been duly mexecuted -and acknowledged by its regularly elected officers at its principal administrative office in Jersey City, New Jersey. This Power of Attorney is executed byauthority of resolutions adopted by unanimous consent of the Board of Directors of the Company on September 15, 2011, true and accurate copies ofwhich are hereinafter certified 0obythe undersigned Secretary as being in full force and effect: "VOTED, That the Chairman of the Board, the President, or the Executive Vice President, or any Senior Vice President, of the Surety Business Divisiom, or their appointees designated in writing and filed with the Secretary, or the Secretary shall have the power and authority to appoint agents and attomeys'in4act, and to authorize them subject tuthe limitations set forth in their nmpeoUvo powers of attorney, to execute on behalf ofthe Company thereto, bonds, undertakings, other surety obligations obligatory nature thereof, and any such officers of the Company may appoint agents for acceptance of This Power of Attorney is signed, sealed and certified by facsimile under and by authority of the following resolution adopted by the unanimous consent of the Board of Directors of the Company on September 15, 2011: VOTED, That the signature of the Chairman of the Board, the President, or the Executive Vice President, or any Senior Vice President, of the Surety Business Division, or their appointees designated in writing and filed with the Secretary, and the signature of the Secretary, the seal of the Company, and certifications by the Secretary, may be affixed °by~facsimile onany power nrattorney orbond executed pursuant to the resolution adopted by the Board of Directors on September 15. 2011, and any such power ooexecuted, sealed and certified with respect to any bond or undertaking to which it is e0aohad, shall continue to be valid and binding upon the Company. OOMLOO13 00 03 03 Page 1 of 2 Printed in U.S.A. AIC 0000198058 In Testimony Whereof, the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this 7`h day of October, 2016. Attested and Certified Arch Insurance Company a" Patrick K. Nails, Secretary —') STATE OF PENNSYLVANIA SS COUNTY OF PHILADELPHIA SS tzaltrCNtATf !+� SENt i47't ��Stttiiif� David M. m e stein, Executive Vice President 1, Helen Szafran, a Notary Public, do hereby certify that Patrick K. Nails and David M. Finkelstein personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth. MMnrwEAc:rt+,,,21",PaNNartvAaIA NDTARIAL SEAL HELEN ST4FRAN,Nota y Pubfic Cily of fth'adelphia,, COU Lm Ccannxssi4n reg 0=ber 3. 17--ate-- elen Szafran, N6tary Plublie My commission expires 10/03/2017 CERTIFICATION I, Patrick K. Nails, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated October 7, 2016 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and I do further certify that the said David M. Finkelstein, who executed the Power of Attorney as Executive Vice President, was on the date of execution of the attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Company. IN TESTIMONY WHEREOF,,I have hereunto subscribed my name and affixed the corporate seal of the Arch Insurance Company on this day of ©&Wodec , 20-1�7—. J r Patrick K. Nails, Secretary This Power of Attorney limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated. PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Insurance - Surety Division 3 Parkway, Suite 1500 gt>� C"� Philadelphia, PA 19102 1971 �knnutire sru ��SiOilf�/ OOMLOO13 00 03 03 Page 2 of 2 Printed in U.S.A. AIC 0000198058 In Testimony Whereof, the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this 7th day of October, 2016. Attested and Certified Arch Insurance Company tiff „� wttrcc7lt+►7€ hSIM �6. i9T1 Patrick K. Nails, Secretary STATE OF PENNSYLVANIA SS NIx4Yf COUNTY OF PHILADELPHIA SS David M. in a stein, Executive Vice President 1, Helen Szafran, a Notary Public, do hereby certify that Patrick K. Nails and David M. Finkelstein personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth. LHELENEVRAN. nu rn ars �NHen vnr,in RIALSEAL Notay Public f PhGa3e!phia,Phlta.Cou mssinn q October 3,2017 elen Szafran, N6tary Plublicv My commission expires 10/03/2017 CERTIFICATION I, Patrick K. Nails, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated October 7, 2016 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and 1 do further certify that the said David M. Finkelstein, who executed the Power of Attorney as Executive Vice President, was on the date of execution of the attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Company. IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corporate seal of the Arch Insurance Company on this 1a3(L day of , 20_j_7_. Patrick K. Nails, Secretary This Power of Attorney limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated. PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Insurance — Surety Division 3 Parkway, Suite 1500 g0�`n C'a Philadelphia, PA 19102 tifi a)Xr0 AYf 1471 1471 M(SS4Yfi; /' OOMLOO13 00 03 03 Page 2 of 2 Printed in U.S.A. Transmittal Memorandum �c-1s7- To: City Clerk's Office Date: October 25, 2017 From: Michael Cash Email: Michael.Cash@sanfordfl.gov Subject: Bond information for CAE system Dept.: Planning & Development Services Phone: 407.688.5148 Project Name: Thornbrooke Phase 4 & 5 Single Family Project Address: 133 N. White Cedar Road Bond Type: X Maint./Agreement o Letter Of Credit o Cashier Check o Performance o Certified Check o Cash Bond o Cash Deposit o Construction Loan Agreement Bond number: SU 1147470 Amount: $52,361.83 Bond Holder Name: Taylor Morrison of Florida, Inc. & Wal -Rose, Inc. Bond Holder Address: 151 Southhall Lane, Suite 200, Maitland, FL 32751 Bond Holder Phone: 407-618-8993 Email:_ jshepperd(ataylormorrison.com Bond Obligation: 110% of cost to install final V lift of asphalt Surety Name: Arch Insurance Company Surety Address: 3 Parkway, Suite 1500, Philadelphia, PA 19102 Surety Phone: Effective Date: October 18, 2017 (City's acceptance) Alarm date:_ July 18, 2019 (90 days prior to expiration date) Email: Expiration date: October 18, 2019 (Three (3) years from acceptance) i E cac(�,�pntent f�4� ieu'�i 4 C:Fi_inecr'u�r��fioi�<I.2 i 7V`i`hn�nt�roo} �;['I1 3-4 Tt��+�i,7 mcgv[3�nu1 i€�€nrnS.�Eilm-`fh rni7et:> kc PE 14-5 Pal'Orniance.doc Bond No. SU 1147470 PERFORMANCE BOND (Roads) KNOW ALL MEN BY THESE PRESENTS: That we, Taylor Morrison of Florida, Inc. hereinafter called the Principal, and Arch Insurance Company, a surety company authorized to do business in the State of Florida, hereinafter called "Surety' are hold and firmly bound to the City of Sanford, a political subdivision of the State of Florida, in the full and just sum of Fifty Two Thousand Three Hundred Sixty One and 83/100 Dollars $52,361.83 lawful money of The United States of America, to be paid to the City of Sanford of Seminole County, to which payment well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these presents. WHEREAS, the above bounden Principal has a condition precedent to the approval by the City of Sanford of a plat of a certain subdivision known as Thornbrooke Single Family Phases 4 and 5 has covenanted and agreed with the City of Sanford to construct roads, streets and other associated improvements based upon development plans and plans and specifications pertaining to said subdivision, said development plans and plan and specifications being dated 17th day of November, 2016, and being on file with the City of Sanford, Seminole County, Florida, and WHEREAS, it is a condition precedent to the recording of said subdivision that this bond be executed: NOW THEREFORE, the conditions of these obligations are such that if the bounden Principal shall construct the aforesaid improvements in accordance with any date prescribed in the approved development plans and plans and specifications dated the 17th day of November, 2016, or within two (2) years of the date of approval, whichever occurs first and shall in every respect fulfill its, his, their obligations under the development plans and plans and specifications, and shall indemnify and save harmless the City of Sanford against or from all claims, costs, expenses, damages, injury, or loss, including engineering, legal and contingent costs which the City of Sanford may sustain on account of the failure of the Principal to perform in accordance with the developments plans and plans and specifications with the time therein specified then this obligation to be void; otherwise to be and remain in full force and virtue. The Surety unconditionally covenants and agrees that if the Principal fails to perform all or any part of the construction work required by the developments plans and specifications above referred to, within the time specified, the Surety upon forty-five (45) days written notice from the City of Sanford, or its authorized agent or officer, of the default, will forthwith perform and complete the aforesaid construction work and pay the cost thereof, including, but not limited to engineering, legal and contingent costs. Should the Surety fail or refuse to perform and complete the said improvements, the City of Sanford, in view of the public, interest, health, safety and welfare factors involved and the inducement in approving and filing the plat, shall have the right to resort to any and ail legal remedies against the Principal and the Surety, or either, both at law and in equity, including specifically specific performance, to which the Principal and Surety unconditionally agree. The Principal and the Surety further jointly and severally agree that the City of Sanford, and its option, shall have the right to construct or, pursuant to public advertisement and receipt of bids, cause to be constructed the aforesaid improvements in case the Principal should fail or refuse to do so. In the event the City of Sanford should exercise and give effect to such right, the Principal and the Surety shall be jointly and severally liable hereunder to reimburse the City of Sanford the total cost thereof, including, but not limited to, engineering, legal and contingent costs, together with any damages, either direct or consequential, which may be sustained on account of the failure of the Principal to carry out and execute all the provision of said agreement. IN WITNESS WHEREOF, the Principal and the Surety have executed these presents this the 23rd day of October , 2017 Address: 2600 Lake Lucien Drive, Suite 350 Maitland, FL 32751 Address: Harborside 3, 210 Hudson Street, Suite 300 Jersey City, NJ 07311 - 1107 Taylor Morrison of Florida, Inc. (SEAL) BY: ITS: (IF A CORPO%ATION) ATTEST: ITS: Arch Insurance Company (SEAL) / SURETY BY: IT ✓ TTORN E* - w--ifACI ar!d FL ilc_ •i®:IM ATTEST:✓ ITS: Witness, Noah Pierce \Lng\Citieg0)021Sanford! Parrorrnance Bond - Plapid Lake Townhomeampd (Attached Surety Power of Attorney) Performance Bond c/o Willis of Florida, Inc. Page 2 4211 W. Boy Scout Blvd., Ste. 1000 Tampa, FL 33607 Inquiries: (813) 281-2095 Al C 0000 198056 THIS POWER OFATTORNEYIS NOT VALID UNLESS ITIS PRINTED ON BLUE BACKGROUND. POWERThis Power of Attorney limits the acts of those named herein, and they have no authority to bind the Company except in the manner and to the extent herein stated. Not valid for Mortgage, Note, Loan, Letter of Credit, Bank Deposit, Currency Rate, Interest Rate or Residential Value Guarantees. Know All Persons -By These Presents: That the Arch Insurance Company, a corporation organized and existing under the laws of the State of Missouri, having its principal administrative office in Jersey City, New Jersey (hereinafter referred to as the "Company") does hereby appoint: Adam Martin, Aimee R.Pemn Brian Peters, Danielle D. Johnson, Donna M. Planeta, Jennifer M. 8artan, Joshua Sanford, Koh Ann Smith, Michelle Anne McMahon, Nicole Aon C|ark, Stacy Rivera and Stephani A. Trudeau of Hartford, CT (EACH) its true and lawful A1tomey(s)in-Fact,tnmake, execute, seal, and deliver from the date ofissuance ofthis power for and onits behalf ma surety, and as its act and deed: Any and all bonds, undertakings, recognizances and other surety obligations, in the penal sum not exceeding� NinetV Million Dollars ($90,000,000.00). This authority does not permit the same obligation tobosplit into two ormore bonds |norder to bring each such bond within the dollar limit ofauthority aaset forth herein. The execution of such bonda, undertakings, recognizances and other surety obligations in pursuance of these binding upon the said Company as fully and amply to all intents and purpooee, as if the oomo had been duly executed -and - acknowledged by its regularly elected officers at its principal administrative office in Jersey City, New Jersey. This Power of Attorney is executed by authority of resolutions adopted by unanimous consent of the Board ofDirectors ofthe Company on September 15, 2011, true and accurate copies of which are hereinafter set forth and are hereby certified to by the undersigned Secretary as being in full force and effect: "VOTED, That the Chairman of the Board, the President, or the Executive Vice President, or any Senior Vice Preeident, of thc, Surety Business Division, or their appointees designated in writing and filed with the Secretary, or the Secretary shaill have the powei and authority to appoint agents and attorneys -in -fact, and to authorize them subject to the limitations set forth in. their respective powers. of attorney, to execute on behalf of the Company, and attach the seal of the Company thereto, bonds, undarlialkings, recognizances and other surety obligations obligatory in the nature thereof, and any such officers of the Company may appoint agents or acceptarce of This Power of Attorney in signmd, sealed and certified by facsimile under and by authority of the followingresolution adopted by the unanimous consent nfthe Board nfDirectors ofthe Company onSeptember 15.2011: OOM LOO 13 00 03 03 Page I of 2 Printed in U.S.A. AIC 0000198056 In Testimony Whereof, the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this 7`h day of October, 2016. Attested and Certified Arch Insurance Company wYE S MAL 19n Patrick K. Nails, Secretary STATE OF PENNSYLVANIA SS k4so d COUNTY OF PHILADELPHIA SS bt�t YAj David M. in a stein, Executive Vice President I, Helen Szafran, a Notary Public, do hereby certify that Patrick K. Nails and David M. Finkelstein personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth. o"ra Nws;�i��artvarai:n NOTARIAL SEAL HSN SZAFRW, Notary Public AT C4 ofPh ladelphla, iia. Gourk M Cr�rsran Oder 3, 217 elen Szafran, N6tary Plublicv My commission expires 10/03/2017 CERTIFICATION I, Patrick K. Nails, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated October 7. 2016 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and I do further certify that the said David M. Finkelstein, who executed the Power of Attorney as Executive Vice President, was on the date of execution of the attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Company. IN TESTIMONY WHERE F, I have hereunto subscribed my name and affixed the corporate seal of the Arch Insurance Company on this _ y, 'day of 20. ? aw� Patrick K. Nails, Secretary This Power of Attorney limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated. PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Insurance — Surety Division 3 Parkway, Suite 1500 �+of ''t Philadelphia, PA 19102 SIM �stt OOMLOO13 00 03 03 Page 2 of 2 Printed in U.S.A. AIC 0000198056 In Testimony Whereof, the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this 7`h day of October, 2016. Attested and Certified 1 � ,j;' S,x7KK7KAYE srN. Patrick K. Nails, Secretary STATE OF PENNSYLVANIA SS k4 ood COUNTY OF PHILADELPHIA SS Arch Insurance Company David M. P-inlCelstein, Executive Vice President I, Helen Szafran, a Notary Public, do hereby certify that Patrick K. Nails and David M. Finkelstein personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth. QiwlMONWEIht-'rN OK RZ:N1J6l4.VJu41A NOTARIAL SEAL HM WFRM, Notary Pubb-C City of Philadelphia, Phila. Countyy PAYColvin ssion E ms October 3. &17 I'lelen Szafran, N tary Vu-blicv My commission expires 10/03/2017 CERTIFICATION I, Patrick K. Nails, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated October 7, 2016 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and I do further certify that the said David M. Finkelstein, who executed the Power of Attorney as Executive Vice President, was on the date of execution of the attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Company. IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corporate seal of the Arch Insurance Company on this �Ltday of --DC- 20_L7. Patrick K. Nails, Secretary This Power of Attorney lir'nits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to4 bindttie Company except in the manner and to the extent herein stated. PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Insurance - Surety Division 3 Parkway, Suite 1500 C��Po'Philadelphia, PA 19102 OOMLOO13 00 03 03 Page 2 of 2 Printed in U.S.A. ptn%fN Transmittal Memorandum To: City Clerk's Office Date: October 25, 2017 From: Michael Cash Email: Michael.Cash@sanfordfl.gov Subject: Bond information for CAE system Dept.: Planning & Development Services Phone: 407.688.5148 Project Name: Thornbrooke Phase 3 & 4 Townhomes Project Address: 133 N. White Cedar Road Bond Type: X Maint./Agreement o Letter Of Credit o Cashier Check o Performance o Certified Check o Cash Bond o Cash Deposit o Construction Loan Agreement Bond number: SU 1147471 Amount: $61, 599.65 Bond Holder Name: Taylor Morrison of Florida, Inc. & Wal -Rose, Inc. Bond Holder Address: 151 Southhall Lane, Suite 200, Maitland, FL 32751 Bond Holder Phone: 407-618-8993 Email: jshepperdptaylormorrison.com Bond Obligation: Water, Reuse & Wastewater Utilities Surety Name: Arch Insurance Company Surety Address: 3 Parkway, Suite 1500, Philadelphia, PA 19102 Surety Phone: Effective Date: October 18, 2017 (City's acceptance) Alarm date: July 18, 2020 (90 days prior to expiration date) Email: Expiration date: October 18, 2020 (Three (3) years from acceptance) I' �I?cvwlc�pn�cirt (Z � icieAfi i r F�, irrc�t3�i,;\E3�n�Ey._'01711'h�rnt rcctl.t'�Pt( ;-4 "Ccmnhom,ss EB nti in[iarmation=i'lEoenhrd>akc I'f1 a-<# U[ilitti.doc Bond No. SUI 147471 DO NOT MAKE CHANGES TO THIS FORM. Bonding company must be listed in the Federal Register (Department of Treasury Circular 570). KNOW ALL MEN BY THESE PRESENTS, THAT Taylor Morrison of Florida, Inc. of Maitland, Florida , referred to as the DEVELOPER and Wal -Rose. Inc. of Sanford —, Florida , referred to as the CONTRACTOR and Arch Insurance Company of Jersey Citv , New Jersey hereinafter called the SURETY, are held and firmly bound unto the City of Sanford, a political subdivision of the State of Florida, hereafter called the CITY, whose address is 300 North Park Avenue, Sanford, Florida 32771, in the full and just sum of Sixty -One Thousand, Five Hundred Ninety Nine Dollars and Sixty Five Cents, $61,599.65 lawful money of the United States of America, to the payment of which sum, well and truly to be made, the DEVELOPER, CONTRACTOR, AND SURETY bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the DEVELOPER caused the CONTRACTOR to install certain water, reuse and wastewater utilities, and/or other related improvements in or around the CITY, known and identified as follows- Thornbrooke Townhomes, Phase 3 and 4 with the approval of the CITY under the provisions, conditions, and requirements of the development plan approval granted the 17th day of November, 2016 by the CITY. WHEREAS, the DEVELOPER and CONTRACTOR are obligated to protect the City against any defects resulting from faulty materials or workmanship of said improvements and to maintain said improvements for a period of three (3) years from the -18th day of October, 2017. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that if the DEVELOPER or CONTRACTOR shall promptly and faithfully protect the CITY against any defects, correct all defects in the aforesaid improvements, maintain the aforesaid improvements and fully indemnify the CITY for all loss the CITY may sustain by reason of any defect in materials, construction or failure on the part of the DEVELOPER or CONTRACTOR to fully maintain said improvements, including but not limited to the water, reuse and wastewater utilities, for a period of three (3) years from the date of issuance of the Certificate of Completion by the CITY, which shall be the 18th day of October, 2017 and the DEVELOPER pays any and all costs and expenses incidental to the performance of any work required to be performed hereunder, then this obligation shall be void; otherwise to remain in full force and effect. THE CITY shall notify the DEVELOPER or CONTRACTOR in writing of any defects for which the DEVELOPER and CONTRACTOR are responsible and shall specify in said notice a reasonable period of time which DEVELOPER or CONTRACTOR shall have to correct said defects. Page 1 of 3 THE SURETY unconditionally covenants and agrees that if the DEVELOPER or CONTRACTOR fails to perform, within the time specified by the City, the SURETY, upon thirty (30) days written notice from the CITY, or its authorized agent or officer, of default, will forthwith correct such defect or defects and pay the cost thereof, including, but not limited to engineering, legal, and contingent costs. FURTHERMORE, should the SURETY fail or refuse to correct said defect or defects, the CITY in view of the public interest, health, safety, welfare, and other factors involved, and the consideration in approving said development plans, shall have the right to resort to any and all legal remedies against the DEVELOPER, CONTRACTOR, and SURETY, either individually or together, both at law and in equity, including specifically, specific performance to which the DEVELOPER, CONTRACTOR, and SURETY unconditionally agree. THE DEVELOPER, CONTRACTOR, AND SURETY further jointly and severally agree that the CITY at its option, shall have the right to correct said defect or defects resulting from faulty materials or workmanship, or pursuant to public advertisement and receipt of bids, cause to be corrected said defect or defects in case the DEVELOPER or CONTRACTOR shall fail or refuse to do so, and in the event the CITY should exercise and give effect to such right, the DEVELOPER, CONTRACTOR, and SURETY shall be jointly and severally responsible hereunder to reimburse the CITY the total cost thereof, including, but not limited to, engineering, legal, and contingent cost, together with any damages, either direct or indirect, which may be sustained on account of the failure of the DEVELOPER, CONTRACTOR, or SURETY to correct said defects. THE DEVELOPER, CONTRACTOR, AND SURETY hereby waive notice of any and all modifications, omissions, additions, changes and in or about CITY ordinances, the CITY's technical specifications and design criteria for utility work and improvements and, further, agree that the obligations undertaken by this Bond shall not be impaired in any manner by reason of any modifications, omissions, additions, changes, and advance payments or deferred payments; PROVIDED, HOWEVER, that the obligation of the SURETY shall be limited to the penal sum herein as well as the costs set forth in the following sentences of this paragraph. The Parties further expressly agree that any action on this Bond shall be brought in Seminole County Circuit Court and governed by Florida law and may be brought within the time allowed for suits on contracts for payment of money. The City shall be entitled to all its costs and expenses, including attorneys' fees, incurred in the enforcement of SURETY's obligations under this Agreement. IN WITNESS WHEREOF, the DEVELOPER, CONTRACTOR, and SURETY have executed these presents this 23rd day of October . 2017_. ADDRESS- Taylor Morrison of Florida, Inc. (SEAL) 2600 Lake Lucien Drive, Suite 350 DEV ELOP Maitland, FL 32751 BY. ITS. ref (IF A CORPORATION) Page 2 of 3 ATTEST--i/v4� ITS: ADDRESS: Wal -Rose. Inc. (SEAL) CONTRACTOR BY: ITS: (IF A CORPORATION) ATT T: ITS t ADDRESS: Harborside 3, 210 Hudson Street, Suite 300 Jersey City, NJ 07311-1107 Attest CwALr4=1_ " CynthA Porter, City Clerk Arch Insurance Company (SEAL) SURETY -17 BY: ITS:/AtTO`RNEY_IN_FT"and FL Licensed Nsident Agent�J �nse No. W329003, Joshua Sanford c/o Willis of Inc. 4211 W. Boy Scout Blvd., Ste. 1000 Tampa, FL 33607 ATTEST:_ Inquiries: (813) 281-2095 ITS, VVitness, Noah Pierce For use and reliance of the Sanford City Commission only. Approved as to fmni-amd- legality. Page 3 of 3 AIC 0000198055 THIS POWER OF ATTORNEY IS NOT VALID UNLESS ITIS PRINTED ON BLUE BACKGROUND. This Power of Attorney limits the acts of those named herein, and they have no authority to bind the Company except in the manner and to the extent herein stated. Not valid for Mortgage, Note, Loan, Letter of Credit, Bank Deposit, Currency Rate, Interest Rate or Residential Value Guarantees. POWER OF ATTORNEY Know All Persons By These Presents: That the Arch Insurance Company, a corporation organized and existing under the laws of the State of Missouri, having its principal administrative office in Jersey City, New Jersey (hereinafter referred to as the "Company") does hereby appoint: Adam Martin, Aimee R. Perondine, Alza Lopez, Ashley Sinclair, Brian Peters, Danielle D. Johnson, Donna M. Planeta, Jennifer M. Garten, Joshua Sanford, Keri Ann Smith, Michelle Anne McMahon, Nicole Ann Clark, Stacy Rivera and Stephani A. Trudeau of Hartford, CT (EACH) its true and lawful Attorney(s)in-Fact, to make, execute, seal, and deliver from the date of issuance of this power for and on its behalf as surety, and as its act and deed: Any and all bonds, undertakings, recognizances and other surety obligations, in the penal sum not exceeding Ninety Million Dollars ($90,000,000.00). This authority does not permit the same obligation to be split into two or more bonds In order to bring each such bond within the dollar limit of authority as set forth herein. The execution of such bonds, undertakings, recognizances and other surety obligations in pursuance of these presents shall be as binding upon the said Company as fully and amply to all intents and purposes, as if the same had been duly executed and acknowledged by its regularly elected officers at its principal administrative office in Jersey City, New Jersey. This Power of Attorney is executed by authority of resolutions adopted by unanimous consent of the Board of Directors of the Company on September 15, 2011, true and accurate copies of which are hereinafter set forth and are hereby certified to by the undersigned Secretary as being in full force and effect: "VOTED, That the Chairman of the Board, the President, or the Executive Vice President, or any Senior Vice President, of the Surety Business Division, or their appointees designated in writing and filed with the Secretary, or the Secretary shall have the power and authority to appoint agents and attorneys -in -fact, and to authorize them subject to the limitations set forth in their respective powers of attorney, to execute on behalf of the Company, and attach the seal of the Company thereto, bonds, undertakings, recognizances and other surety obligations obligatory in the nature thereof, and any such officers of the Company may appoint agents for acceptance of process." This Power of Attorney is signed, sealed and certified by facsimile under and by authority of the following resolution adopted by the unanimous consent of the Board of Directors of the Company on September 15, 2011: VOTED, That the signature of the Chairman of the Board, the President, or the Executive Vice President, or any Senior Vice President, of the Surety Business Division, or their appointees designated in 'writing and filed with the Secretary, and the signature of the Secretary, the seal of the Company, and certifications by ih`p- Secrfitary,, may be affixed by facsimile on any power of attorney or bond executed pursuant to the resolution adopted by the Board of Directott on September 15, 2011, and any such power so executed, sealed and certified with respect to any bond or underltaking, to which it , is attached, shall continue to be valid and binding upon the Company. OOMLOO13 00 03 03 Pagel of 2 Printed in U.S.A. AIC 0000198055 In Testimony Whereof, the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this 7th day of October, 2016. Attested and Certified Arch Insurance Company 7:�j Patrick K. Nails, Secretary STATE OF PENNSYLVANIA SS 04sood COUNTY OF PHILADELPHIA SS .V, David M. to a stein, Executive Vice President I, Helen Szafran, a Notary Public, do hereby certify that Patrick K. Nails and David M. Finkelstein personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth. amtt►eaotN><Mrx. ZNanvaats hlSEAL HELEN SLAFRW fiery Public City of Philadelphia, fta. Cour, PA CestanE sActa'"3, 17 ,r , elen Szafran, N6tary PlublicV My commission expires 10/03/2017 CERTIFICATION I, Patrick K. Nails, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated October 7. 2016 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and I do further certify that the said David M. Finkelstein, who executed the Power of Attorney as Executive Vice President, was on the date of execution of the attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Company. IN TESTIMPNY WHEREOF, I have hereunto subscribed my name and affixed the corporate seal of the Arch Insurance Company on this V?�" day of , , 20_1 -7 . 4" Patrick K. Nails, Secretary This Power of Attorney limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated. PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Insurance — Surety Division 3 Parkway, Suite 1500 ,'X.'�1rt�•' Philadelphia, PA 19102 h4'. : )i;rc7tH7f SEM. t if 197't 04SO at; OOMLOO13 00 03 03 Page 2 of 2 Printed in U.S.A. AIC 0000198055 In Testimony Whereof, the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this 7th day of October, 2016. Attested and Certified Arch Insurance Company awl Patrick K. Nails, Secretary STATE OF PENNSYLVANIA SS COUNTY OF PHILADELPHIA SS czrKcs�re � sru K(St4tlf� �'<w aAJT�-� David M. in a stein, Executive Vice President I, Helen Szafran, a Notary Public, do hereby certify that Patrick K. Nails and David M. Finkelstein personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth. MSMONY[EAt-Yt,4 01r PENN61R.VtW �A Nbf—ARX SEAL HELEN WRAN, Notary PUNIC City of Phllade',phia, Pleb, County Pd Ca nnrssion Expires October 3. 17 elen Szafran, N6tary Plublie My commission expires 10/03/2017 CERTIFICATION I, Patrick K. Nails, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated October 7, 2016 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and I do further certify that the said David M. Finkelstein, who executed the Power of Attorney as Executive Vice President, was on the date of execution of the attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Company. IN TESTIMPNY WHEREOF, I have hereunto subscribed my name and affixed the corporate seal of the Arch Insurance Company on this Z!�" day of 0C,4.,l.e, ,20_L-2_. Patrick K. Nails, Secretary This Power of Attorney limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated. PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Insurance — Surety Division; 3 Parkway, Suite 1500 Philadelphia, PA 19102 int 19 Wood OOMLOO13 00 03 03 Page 2 of 2 Printed in U.S.A. Avo'ITransmittal Memorandum i8�9 To: City Clerk's Office Date: October 25, 2017 From: Michael Cash Email: Michael.Cash@sanfordfl.gov Subject: Bond information for CAE system Dept.: Planning & Development Services Phone: 407.688.5148 Project Name: Thornbrooke Phase 3 & 4 Townhomes Project Address: 133 N. White Cedar Road Bond Type: o Maint./Agreement o Letter Of Credit o Cashier Check X Performance o Certified Check o Cash Bond o Cash Deposit o Construction Loan Agreement Bond number: SUI 147472 Amount: $28,673.59 Bond Holder Name: Taylor Morrison of Florida, Inc. & Wal -Rose, Inc. Bond Holder Address: 151 Southhall Lane, Suite 200, Maitland, FL 32751 Bond Holder Phone: 407-618-8993 Email: jshepperd(ataylormorrison.com Bond Obligation: 110% of cost to install final 1" lift of asphalt Surety Name: Arch Insurance Company Surety Address: 3 Parkway, Suite 1500, Philadelphia, PA 19102 Surety Phone: Effective Date: October 18, 2017 (City's acceptance) Alarm date: July 18, 2019 (90 days prior to expiration date) Email: Expiration date: October 18, 2019 (Three (3) years from acceptance) T:A)cvelopmentf ceie�t',t)t l.r�niz7ccrmg�I onci t'_t?17 Ilio nbroohc�PlI 3-4'I mvnho ws 1 nad infoirubor-1 hornhrookc PPI .,-4 Perki)nnru ce_doc. Bond No. SU 1147472 KNOW ALL MEN BY THESE PRESENTS: That we, Taylor Morrison of Florida, Inc. hereinafter called the Principal, and Arch Insurance Company, a surety company authorized to do business in the State of Florida, hereinafter called "Surety' are hold and firmly bound to the City of Sanford, a political subdivision of the State of Florida, in the full and just sum of Twenty Eight Thousand Six Hundred Seventy Three and 59/100 ($28,673.59} lawful money of The United States of America, to be paid to the City of Sanford of Seminole County, to which payment well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these presents. WHEREAS, the above bounden Principal has a condition precedent to the approval by the City of Sanford of a plat of a certain subdivision known as Thornbrooke Townhomes Phases 3 and 4 has covenanted and agreed with the City of Sanford to construct roads, streets and other associated improvements based upon development plans and plans and specifications pertaining to said subdivision, said development plans and plan and specifications being dated 17th day of November,2017, and being on file with the City of Sanford, Florida WHEREAS, it is a condition precedent to the recording of said subdivision that this bond be executed: NOW THEREFORE, the conditions of these obligations are such that if the bounden Principal shall construct the aforesaid improvements in accordance with any date prescribed in the approved development plans and plans and specifications dated the 17th day of November, 2016, or within two (2) years of the date of approval, whichever occurs first, and shall in every respect fulfill its, his, their obligations under the development plans and plans and specifications, and shall indemnify and save harmless the City of Sanford against or from all claims, costs, expenses, damages, injury, or loss, including engineering, legal and contingent costs which the City of Sanford may sustain on account of the failure of the Principal to perform in accordance with the developments plans and plans and specifications with the time therein specified then this obligation to be void; otherwise to be and remain in full force and virtue. The Surety unconditionally covenants and agrees that if the Principal fails to perform all or any part of the construction work required by the developments plans and specifications above referred to, within the time specified, the Surety upon forty-five (45) days written notice from the City of Sanford, or its authorized agent or officer, of the default, will forthwith perform and complete the aforesaid construction work and pay the cost thereof, including, but not limited to engineering, legal and contingent costs. Should Performance Bond Page 1 the Surety fail or refuse to perform and complete the said improvements, the City of Sanford, in view of the public, interest, health, safety and welfare factors involved and the inducement in approving and filing the plat, shall have the right to resort to any and ail legal remedies against the Principal and the Surety, or either, both at law and in equity, including specifically specific performance, to which the Principal and Surety unconditionally agree. The Principal and the Surety further jointly and severally agree that the City of Sanford, and its option, shall have the right to construct or, pursuant to public advertisement and receipt of bids, cause to be constructed the aforesaid improvements in case the Principal should fail or refuse to do so. In the event the City of Sanford should exercise and give effect to such right, the Principal and the Surety shall be jointly and severally liable hereunder to reimburse the City of Sanford the total cost thereof, including, but not limited to, engineering, legal and contingent costs, together with any damages, either direct or consequential, which may be sustained on account of the failure of the Principal to carry out and execute all the provision of said agreement. IN WITNESS WHEREOF, the Principal and the Surety have executed these presents this the 23rd day of October, 2017. Address: 2600 Lake Lucien Drive, Suite 350 Maitland, FL 32751 Address: Harborside 3, 210 Hudson Street, Suite 300 JERSEY CITY, NJ 07311 - 1107 Taylor Morrison of Florida, Inc. (SEAL) BY: ITS: (IFA CORP O ATION) ATTEST: a� ITS: Arch Insurance Company (SEAL) SURETY BY: I/S:ATO ent. License.-1�1o. M ATTEST: 4-ZITS: Witness, Noah Pierce \Lng\CitiegO)021 Sanford! Parrormance Bond - Plapid Lake Townhomeampd nford (Attached Surety Power of Attorney) Performance Bond Page 2 c/o Willis of Florida, Inc. 4211 W. Boy Scout Blvd., Ste. 1000 Tampa, FL 33607 Inquiries: (813) 281-2095 AIC 0000198059 THIS POWER QFATTORNEyISNOT VALID UNLESS IT ISPRINTED 0mBLUE BACKGROUND. POWERThis Power of Attorney limits the acts of those named herein, and they have no authority to bind the Company except in the manner and to the extent herein stated. Not valid for Mortgage, Note, Loan, Letter of Credit, Bank Deposit, Currency Rate, Interest Rate or Residential Value Guarantees. Know All Persons By These Presents: That the Arch Insurance Company, o corporation organized and existing under the laws of the State of Missouri, having its principal administrative office in Jersey City, New Jersey (hereinafter referred to asthe ^Company")does hereby appoint: Adam Martin, Aimee R. ~ Peron Brian Petere, Danielle O. Johnoon, Donna M. Planeta, Jennifer M. 8oUen. Joshua nd. Kori Ann Smith, Michelle Anne McMahon. Nicole Ann Clark, Stacy Rivera and Stephani A. Trudeau of Hartford, CT (EACH) its true and lawful Attorney(s)in-Fact, to make, execute, seal, and deliver from the date of issuance of this power for and on its behalf as surety, and as its act and deed: Any and all bonds, undertakings,izonoosand other surety obligations, in the penal sum not exceeding Ninety illionDollars This authority does not permit the same obligation to be split into two mmore bonds |norder tobring each such bond within the dollar limit ofauthority aaset forth herein. - The execution of such bonds, undertakings, recognizances and other surety obligations in pursuance of these��. binding upon the said Company asfully and amply toall intents and purp000n, as if the same had beenduly executed and° acknowledged byits regularly elected officers a1its principal administrative office inJersey City, New Jersey. This Power of Attorney is executedby authority of resolutions adopted by unanimous consent ofthe Board of Directors of the Company on September 16, 2011, true and =^"p"""' ="=a'" hereinafter set forth and are hereby certified to by the undersigned Secretary as being in full force and effect: ,.VOTED, That the Chairman of the Board, the President, or the Executive Vice President, or any Senior Vice President, of the Surety Business Divioion, or their appointees designated in writing and filed with the Secretary, or the Secretary aho|| have the power and authority to appoint agents and attorneys -in -fact, and to authorize them subject Lothe limitations set forth in their respective powers of attorney, toexecute onbehalf ofthe Company thereto, bonds, undertakings, d other surety obligations obligatory any such officers of the Company may appoint agents for acceptance of pmcoso�^ ' This Power ofAttorney is aigned, ooe|ed and certified by facsimile under and by authority of the following resolution adopted by the unanimous consent of the Board of Directors of the Company on September 15, 2011: VOTED, That the signature of the Chairman of the Board, the President, or the Executive Vice President, or any Senior Vice President, of the Surety Business Division, or their appointees designated in writing and filed with the Secretary, and the signature of the Secretary, the seal ofthe Company, and certifications bythe Secretary, may be byfacsimile onany power ofattorney orbond executed pursuant to the resolution adopted by the Board of Directors on September 15. 2011. and any such power so oxeouteU, sealed and certified with respect Uuany bond orundertaking Nwhich |\ioattached, shall continue to be valid and binding upon the Company. OOKXLOO13000303 Page 10f2 Printed hlU.G�� AIC 0000198059, , In Testimony Whereof, the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this 7`h day of October, 2016. Attested and Certified Arch Insurance Company WgrOKATf a;av 1971 SM Patrick K. Nails, Secretary ( -T" STATE OF PENNSYLVANIA SS 44SO0 COUNTY OF PHILADELPHIA SS David M. m e stein, Executive Vice President I, Helen Szafran, a Notary Public, do hereby certify that Patrick K. Nails and David M. Finkelstein personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth. oNWEALT114 tsl~ rZrtHanvaraia NOTARIAL SEAL HELEN S.;?AFRW Notary "IC CRY of Philadelphia, PNa,% ourd My Crynession I S tictr er 3, I17 elen Szafran, N tary F ubli My commission expires 10/03/2017 CERTIFICATION I, Patrick K. Nails, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated October 7, 2016 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and I do further certify that the said David M. Finkelstein, who executed the Power of Attorney as Executive Vice President, was on the date of execution of the attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Company. IN TESTIMONY WHE OF, I have hereunto subscribed my name and affixed the corporate seal of the Arch Insurance Company on this day of , 20 1:1_. bz- �J- a� �- V Patrick K. Nails, Secretary This Power of Attorney limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated. PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Insurance — Surety Division 3 Parkway, Suite 1500` Philadelphia, PA 19102 .4 WKPK.WAYf srnc 1971 yGS�Siill? / OOMLOO13 00 03 03 Page 2 of 2 Printed in U.S.A. A1C 0000198059,, In Testimony Whereof, the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this 7 th day of October, 2016. Attested and Certified Arch Insurance Company g.- -- 19Tt ,� S:UXr+t5KA7£ �� 1971 Patrick K. Nails, Secretary STATE OF PENNSYLVANIA SS M(5><41tri COUNTY OF PHILADELPHIA SS V�'�a—k-- David M. in a stein, Executive Vice President I, Helen Szafran, a Notary Public, do hereby certify that Patrick K. Nails and David M. Finkelstein personally known to me to be the same persons whose names are respectively as Secretary and Executive Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth. ohcnjoNVVEAL.ct,roF PzNN5YLVA NIA NOTARIAL. SEAL CSI y ooff Ph4'=aielp�hi , NP1111a, UM n,�y� M C6wission irospctr�er3,20i7 I'lelen Szafran, N tary Plublicv My commission expires 10/03/2017 CERTIFICATION 1, Patrick K. Nails, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated October 7. 2016 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and I do further certify that the said David M. Finkelstein, who executed the Power of Attorney as Executive Vice President, was on the date of execution of the attached Power of Attorney the duly elected Executive Vice President of the Arch Insurance Company. IN TESTIMONY WHELRFOF, I have hereunto subscribed my name and affixed the corporate seal of the Arch Insurance Company on this '"�3�� day c W zr- , 20 1-2 . 4" Patrick K. Nails, Secretary This Power of Attorney limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated. PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Insurance - Surety Division 3 Parkway, Suite 1500 fi: JO—f M- o— Philadelphia, PA 19102 ♦ ! WKic7fcA7£ SEAL *QS 1Si't N�S>r4pt� / OOMLOO13 00 03 03 Page 2 of 2 Printed in U.S.A.