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2112 Rinehart Greenway Commons Maintenance Bond (orig returned to Utilities)WATER, REUSE ANI7 WASTEWATER UTILITIES MAINTENANCE (MATERIALS AND WORKMANSHIP WARRANTY) BOND DO NOT MAKE CHANGES TO THIS FORM. Bonding company must be Iisted In the Federal Register (Department of Treasury Circular 670L KNOW ALL MEN BY THESE PRESENTS, THAT Rinehart partners, LLCof 1190 Business Center Ur., #ZOOfl, Lake Mary, FL 3274b; €erred to aS the DEVELOPER and (£: iSITEK,1 LC Orlando, of , re€erred to as the CONTRACTOR and Arch Insurance company , Of Philadelphia 1'A ,hereina#ter celled 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 lrinrth Park Avenue; Sanford, Florida 32771, in the full and just sum of i>s26.00 DOLLARS, lawful money of the United States of America, to the payment of which sum, well and'truiy.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: Ririehart GreenwayCommons PD M N with the approval of the CITY under the provisions, conditions, and requirements of the u- CO 1st development plan approval granted the Developer the day', of October 2018 -a u- by the CITY'. o WHEREAS§ the DEVELOPER and CONTRACTOR are ob[igated to protect the City against any defects. resulting from faulty materials .tor workmanship of said Y improvements and to maintain said improvements fora period of three (3) years from, the M :day of July loth' 2019 z o - oz N+QW , THEREFORE, THE CONDITItJN OF THIS OBiIGATION 15 SUCH #hat if co 0 co the DEVELOPER or CONTRACTOR shall promptly and faithkilly protect the CITY against o -2 any defects, correct al! defects 'in the aforesaid 'improvements, maintain the aforesaid r 0- improvements and fully inde11 mnify the CITY:for aH loss the CITY may sustain by reasor'! o n 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, fora period of three (3) years from the date of issuance of the Certificate of Completion by the CITY,which shall be the loth day f. ley , 2022 E , and the DEVELOPERpays any and all costs and expenses incidental to the performance m of any work required to be performed hereunder, then this obligation shall be void; o a otherwise to remain in full force and effect. (n o THE CITY shall notify the DEVELOPER or CONTRACTOR in waiting of any, defects for which the DEVELOPER and'. CONTRACTOR are responsible andshall specify .Q o in said noticea: reasonable period o€ time which DEVELOPER or CONTRACTOR shall have to correct said defects. a' n THE SURETY unconditionally covenants and agrees that if the DEVELOPER; br, GRANT MALOY, SEMINOLE COUNTY CLERK OF CIRCUIT COURT & COMPTROLLER CFN# 2019087221 Bk:9414 Page:1259-1265 (7Pgs) Page 1 of 3 REC: 08!13/2019 1:08:58 PM by jeckenroth RECORDING FEES $61.00 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 15th day of July 2019 ADDRESS: (SEAL) 1190 Business Center Drive DEVELOPER Rinehart Partners, L11C Suite 2000 BY: Theodore A. Bolin Lake Mary, FL 32746 ITS: Manager (IF A CORPORATION) ATTEST6L, ITS: Manage V Page 2 of 3 WA ftwlz�b- 11501 S. Orange Avenue CONT�R sq, �gL�ak&SCorporation) Orlando, FL 32824 BY: Joseph A. F�frd ITS: Manager/Prestdent— (IF A CORPORATION) ATTEST ITS: �/' .... .... . �/ ccs - ) :A Ito 11,4) ADDRESS: Arch Insurance Company 3 Parkway SURETY Suite 1500 Philadelphia, PA 19102 BY: W ITS: ATT RN Y -IN -FACT Taylor Pollock ATTEST: ITS: NC' Attest City of Sanford, F 1, J-1 A '1` 111 PROM Traci Houchin, City Clerk For use and reliance of the Sanford City Commission only. Approved as to form and legality. M Page 3 of 3 AIC 0000280875 THIS POWER OF ATTORNEY IS NOT VALID UNLESS IT IS 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 Note, Loan, Letter of Credit, 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: Bonnie S. Robbins, Charles P. Boornazian, Nickie L. Sorensen and Taylor M. Pollock of Longwood, FL (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 the Secretary, may be affixed by facsimile on any power of attorney or bond executed pursuant to the resolution adopted by the Board of Directors on September 15, 2011, and any such power so executed, sealed and certified with respect to any bond or undertaking to which it is attached, shall continue to be valid and binding upon the Company. OOMLOO13 00 03 03 Page 1 o'12 Printed in U.S.A. WATER AND WASTEWATER UTILITIES BILL OF SALE Rinehart Partners, LLC , a Florida limited liability company, 1190 Business Center rive, located at #2000, Lake Mary, FL, County of Seminole , State of Florida , hereafter known as the SELLER, for and in consideration of the sum of One ($1.00) 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 which is hereby acknowledged does grant, sell, transfer, convey, and deliver to BUYER all pipes, lines, gate valves, valve boxes, fittings, thrust blocks, hydrants, pump stations, and other goods and equipment which comprise the water, wastewater, and reclaimed water systems installed by SELLER and located on the following public easements, rights-of-way, or tracts as shown on the record drawings, more specifically described as follows: PROJECT: Rinehart Greenway Commons PD - Rinehart Road Public Utility Improvements located in Rinehart Road at 1451 Rinehart Road, Sanford, Florida and being more specifically described as Exhibit A attached includlocation elan & cost estimate. (See Attached Legal Description) BUYER shall have all rights and title to the goods in itself and its assigns. SELLER warrants that it is lawful owner of the goods and the goods 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 claims and demands of all persons. IN WITNESS WHEREOF, SELLER has executed this BILL OF SALE at Lake Mary Florida , on this 28th day of June 2019 ADDRESS: RINEHART PARTNERS, LLC (SEAL) SELLER�j' BY: Phillip C. Holli ITS: Manager EI> -A G -PORA IE9N- LLC ATTEST: s ITS:�— Wes+ City of Sanford B-3 Utility Department EXHIBIT "A" City of Sanford Florida 4 Lri 14 Ll k I 12" x12" Wet Tap DI Valve & Sleeves EA 1 $ 8,800.00 $ 8,800.00 12" DDCVA With Small Bypass EA 1 $21,000.00 $21,000.00 12" x 4" Wet Tapping Valve & Sleeves EA 1 $ 7,400.00 $ 7,400.00 Dig Bore Pits EA 2 $ 4,500.00 $ 9,000-00 24" Jack & Bore LF 150 $ 260.00 $39,000.00 12" DIP for Bore LF 150 $ 100.00 $15,000.00 Spacers For Bore LS 1 $ 5,500.00 $ 5,500-00 2" Directional Drill With Pipe LF 150 $ 50.00 $ 7,500.00 12 Gate Valve EA 1 $ 1,800.00 $ 1,800.00 2" Gate Valve EA 1 $ 750.00 $ 750.00 12" PVC Water Main LF 76 $ 36.00 $ 2,736.00 2" POLY Reclaim LF 10 $ 14.25 $ 142.50 8" x 4" Wet Tapping Force Main EA 1 $ 7,500.00 $ 7,500.00 4" Plug Valve EA 1 $ 1,500.00 $ 1,500.00 TOTAL $1271628.50 Bond Amount for 3 years = 20% of $127,628.50 = $25,526 EXISTING Ir DI WATER MAIN WET TAP 039M 12" 01 WATER MAIN A. +00 , ST:1`Ot,0)0 W/ 12*X 127 MJ TAPPING VALVE AND SLEEVE -::�_ I WET TAP EXISTING IZ" PVC RECLAIMED MAIN W/ 12"X 4' MJ TAPPING VALVE AND SLEEVE EXISTING 12" PVC RECLAIMED MAIN _12* CSOO - DR -18 WATER MAIN BORE AND JACK -REZ TO PROFILE AND DEVIL TNIS SH -\4"X 2* -REDUCER DIRECTIONAL DRILL 27 CARRIER INSIDE CASING (DRILL TOGETHER) NOTE- V RECLAIM LINE SHALL BE NO GREATER THAN 12 FT DEEP WRP MINIMUM DEPTH Or 4.5 Fr. WET TAP EXISTING 8* PVC FORCE MAIN W/B'Xt* MJ TAPPING VALVE AND SLEEVE. IVALVE SET IN HORIZONTAL POSITION) i /2\ DISTING 8" PVC SANITARY FORCE MAIN 'PLUG VALVE 42"XTEE AND 6" GATE VALV�EZ 6*Xr TEE 1" RESILIENT WED 20' -WIDE PUBLIC UTILITY EASEMENT 66Xr GATE VTEI�' LEA VALVE r �AL GATE VALVE AND FUT 6" MJ IL 2 RESILIENT WEDGE GATE VALVE_._ 2". IRRIGATION METER LWBILITY UNISATISFAGIURI FOR SWIINING CK -\4"X 2* -REDUCER DIRECTIONAL DRILL 27 CARRIER INSIDE CASING (DRILL TOGETHER) NOTE- V RECLAIM LINE SHALL BE NO GREATER THAN 12 FT DEEP WRP MINIMUM DEPTH Or 4.5 Fr. WET TAP EXISTING 8* PVC FORCE MAIN W/B'Xt* MJ TAPPING VALVE AND SLEEVE. IVALVE SET IN HORIZONTAL POSITION) i /2\ DISTING 8" PVC SANITARY FORCE MAIN 'PLUG VALVE 42"XTEE AND 6" GATE VALV�EZ 6*Xr TEE 1" RESILIENT WED 20' -WIDE PUBLIC UTILITY EASEMENT 66Xr GATE VTEI�' LEA VALVE r �AL GATE VALVE AND FUT 6" MJ IL 2 RESILIENT WEDGE GATE VALVE_._ 2". IRRIGATION METER LWBILITY UNISATISFAGIURI FOR SWIINING