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1930 RENNA Equities Water & Sewer Mtn AgrmtWater and Sewer Facility Maintenance Agreement (For Use with Cash Bond) This Agreement is made and entered into this 26 day of March , 2018 between Renna Equities, LLC, 2625 Jewett Lane Sanford, FL. 32771, hereinafter referred to as "PRINCIPAL" and the CITY OF SANFORD, a municipality of the State of Florida (hereinafter referred to as the "CITY"), whose address is 300 North Park Avenue; Sanford, Florida 32771. Witnesseth: Whereas, the PRINCIPAL has constructed certain water and sewer facility improvements including lines, pipes, pumps, and related facilities and other appurtenances, in that certain subdivision described as, Smiths M M a Plat of which is recorded in Plat Book I, Pages _ . s ' <c Records of the City of Sanford, Florida; and Whereas, the aforesaid water and sewer facilities and improvements were made pursuant to certain plans and specifications dated December 111 2017, (as subsequently revised or amended) and filed with the CITY; and Whereas, the PRINCIPAL is obligated to protect the CITY against any defects resulting from faulty materials or workmanship of said water and sewer facilities and improvements and to maintain said improvements and facilities for a period of three (3) years from March 26, 2018 ; and Whereas, to guarantee performance of said obligations by the PRINCIPAL, PRINCIPAL has obtained and furnished to the CITY, (cash/Certified Check/ Money Order) in the sum of Six Thousand Six Hundred Seventy -Five Dollars and Thirty - Five Cents ($6,675.35) (in U.S. currency). Now, Therefore, the CITY, agrees to accept the above referenced sum as security for the maintenance obligation of the PRINCIPAL. The PRINCIPAL, its heirs, executors, successors and assigns, jointly and severally agrees to be held and firmly bound to the CITY in the sum of Six Thousand Six Hundred Seventy -Five Dollars and Thi -Five Cents ($b 675.35) on the condition that, if the PRINCIPAL shall promptly and faithfully protect the CITY against any defects resulting from faulty materials or workmanship of the aforesaid water and sewer facilities and improvements and maintain said water and sewer facilities and improvements for a period of three (3) years from March 26, 2018, then this obligation shall be null and void, otherwise it shall remain in full force and effect. The CITY 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 the PRINCIPAL shall have to correct said defect. Should the PRINCIPAL fail or refuse to perform or correct said defects within the 1 time specified, the CITY 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 utilize the cash sum stated above to pay the cost thereof including, but not limited to, engineering, legal and contingent costs. Further, the CITY, 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 CITY, 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 CITY should exercise and give effects to such right, the PRINCIPAL shall be obligated hereunder to reimburse the CITY 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 not be released or assigned without the written consent of the CITY. In Witness Whereof, the parties to this Agreement have caused their names to be affixed hereto by the proper officers thereof. &(qvjflDuOw,CWj R RM Traci Houchin, City Clerk For use and reliance of the Sanford City Commission only. Approved as to form and legality. Principal: ��-GG°�'r� ►� ����ti'r.' By q 2 Tom :Davis Construcfion, ,I=. 515 Distribugon Dive Metboume, FL 32904 {321) 724-6445 o >(321) 7274 x09 f .Ernal tddbo-bQ-outiook.cor-n State Cert: CGC0421'10 December 15, 2017 City of Sanford -Engineerin.- Department 300 N. Park Avenue Sanford, FL 32771 Re: M Pro Freight 2640 W. Airport 131-vd, Sanford, FL 32771 Site Development Permit, INIumber 16-1400 Building Femit Number 164449 Item. Water Main Across Airport Blvd., consisting of the following: I ea I Ox8 Tapping Saddle and Valve S6,817.80 42 R 8" DR IS C9W PVC Pipe 1,201.20 1 ea lack & Bore 14" Casing 15,988-50 I ea 8' Gate Valve and plug 1,796.85 1 ea 8" 90 -Bend 422.40 1 ea 6?DDCV Assembly 7.150.00, Total Dedicated Water Service 533.376.75 I, Robert G.,Glover, President of Tont Davis Construction, Inc., do hereby attest that the above accurately represents the actual cost of those items listed for the Water Main installed for the referenced project Tom Davis Construction, Inc. .By: V4�(- Z--.- RQ "G- 7. WATER AND WAST `E'' A RUTI'L-IT-I-ES BIL L OF SALE a Florida corporation, located a15 B5,11A m7i De- , county Kw'emano of. t_pAerf X54- , State of 17LvrtA1DA hereafter knoRm as the SELLER, for and in consideration of;the sum of One ($1:1 ) Dollar and other valuable consideration paid to SELLER -by City of Sanford, a political subdivision of the State of Florida, hereafter known as the BUYER, receipt of whichis hereby acknowledged does grant, sell, transfer, convey, and deliver to MOWER all pipes, lines, gate valves, valve boxes, fittings, 4hr= blocks, hydrants, pump stations, and other goods and equipment which comprise.the water, wastewater, and -reclahned water systems installed by SELLER and located on the following ., public easements, rights-of-way, -of-way, or tracts as shown on. the record drawings, more specifically described as follows: PROJECT: �� Uqo 4., fhjqoe-+- (See Attached Legal Description) BUYER shall have all rights and title to the goods in itselfand- its assigns. SELLER wan -ants that it is -lawful owner of the goads and the goods are free from all liens and encumbrances. SELLER has 9 en __� fight to sell goods and will warrant and defend the right against the lawful claims and demands of all persons. IN WITNESS WHEREOF, SELLER has executed this BILL OF SALE at MA�a , 'FUR*A- —,on this 'PAu . is -'17n ADDRESS: rV�4 (SEAL) SEL.;4 13y- y4giwt- '. '.. ?Pa. peh+ ff A CORPORATION) ATTEST. City of Smford Uthiry Dcpa=cnt mss: