2444 SREIT - Overlook at Monroe LLC - Utility Bond (new)S��FORp �
CITY OF
�o ORD C�Llqv
FLORIDA
UTILITY DEPARTMENT
TRANISMITTAL MEMORANDUM
To: City Clerk
The item(s) noted below is/are attached and forwarded to your office for the following action(s):
Development Order
Final Plat (original mylars)
Letter of Credit
Maintenance Bond
Ordinance
Performance Bond
Resolution
Once completed, please:
Return all three originals
❑ Return copy
Special Instructions:
Mayor's, City Manager's, Signature
❑ Recording
❑ Rendering
Safe keeping (Vault)
Please keep for safekeeping, utilities has a copy in their safe! Replacing the old bond with new
bond for SREIT Overlook at Monroe LLC.
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UTILITY BOND
BOND NO. 9397832
ACCOUNT
WITNESSETH: This surety bond given by SREIT Overlook at Monroe LLC
2340 Collins Avenue Miami Beach FL 33139 , as Principal and
Fidelity and Deposit Company of Maryland as Surety
are jointly and severally bound unto City of Sanford
as Obligee, in the amount of Forty Five Thousand Dollars and 00/100 Dollars ($45,000.00 )
lawful money of the United States of America, for the payment of which the Principal and Surety bind themselves, their
heirs, executors, administrators, successors, assigns or other legal representatives.
WHEREAS, the said Principal has requested the Obligee to furnish Utility Services to the said Principal at his present
location of 100 Willner Circle Sanford FL 32771 and
WHEREAS, the said Principal has promised to pay such Utility Services as provided by the Obligee as billed therefore
from time to time, all without the usually required deposit being made by Principal, and
WHEREAS, the said Obligee has agreed to the foregoing on condition that it be indemnified against any loss of account
thereof.
NOW THEREFORE, the condition of the obligation is such that if the Principal shall pay or cause to be paid unto the
Obligee all amounts that may at any time hereafter be due and owing to the Obligee by the Principal for Utility Services
furnished by the Obligee to the Principal, then this obligation shall be null and void; otherwise to remain in full force and
effect.
PROVIDED, HOWEVER, That this bond is written upon the following expressed conditions:
1) That in no event shall the liability of the Surety hereunder be cumulative from year to year, nor shall the Surety in any
event be liable for more than the total amount stated herein.
2) That the Surety herein may, if it so elects, terminate its obligation under this bond by first serving at least thirty (30)
days written notice of its intention to do so upon the Obligee at its Principal office at 300 N. Park Ave.
Sanford, FL 32771 , but the Surety shall nevertheless remain liable for any and all accrued indebtedness of the
Principal to the Obligee incurred prior to the termination date.
Dated this 14th day of
October
2022
SREIT Overlook at Monroe LLC
�— Principal
BY:
/IwC�V�S
01
0 Fidelity and Depos' ompany of Maryland
F' Surety
4Kathn M. Coen Attorney -in -Fad
Surety Phone No. 847-605-6000
Bond Number 9397832
Obligee City of Sanford
ZURICH AMERICAN INSURANCE COMPANY
COLONIAL AMERICAN CASUALTY AND SURETY COMPANY
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS: That the ZURICH AMERICAN INSURANCE COMPANY, a corporation of the State of New
York, the COLONIAL AMERICAN CASUALTY AND SURETY COMPANY, a corporation of the State of Illinois, and the FIDELITY
AND DEPOSIT COMPANY OF MARYLAND a corporation of the State of Illinois (herein collectively called the "Companies"), by
Robert D. Murray, Vice President, in pursuance of authority granted by Article V, Section 8, of the By -Laws of said Companies, which are
set forth on the reverse side hereof and are hereby certified to be in full force and effect on the date hereof, do hereby nominate, constitute,
and appoint Kathleen M. Coen , its true and lawful agent and Attomey-in-Fact, to make, execute,
seat and deliver, for, and on its behalf as surety, and as its act and deed: any and all bonds and undertakings, and the execution of such
bonds or undertakings in pursuance of these presents, shall be as binding upon said Companies, as fully and amply, to all intents and
purposes, as if they had been duly executed and acknowledged by the regularly elected officers of the ZURICH AMERICAN INSURANCE
COMPANY at its office in New York, New York., the regularly elected officers of the COLONIAL AMERICAN CASUALTY AND
SURETY COMPANY at its office in Owings Mills, Maryland., and the regularly elected officers of the FIDELITY AND DEPOSIT
COMPANY OF MARYLAND at its office in Owings Mills, Maryland., in their own proper persons.
The said Vice President does hereby certify that the extract set forth on the reverse side hereof is a true copy of Article V, Section 8, of
the By -Laws of said Companies, and is now in force.
IN WITNESS WHEREOF, the said Vice -President has hereunto subscribed his/her names and affixed the Corporate Seals of the said
ZURICH AMERICAN INSURANCE COMPANY, COLONIAL AMERICAN CASUALTY AND SURETY COMPANY, and
FIDELITY AND DEPOSIT COMPANY OF MARYLAND, this 19th day of June, A.D. 2019.
ATTEST:
ZURICH AMERICAN INSURANCE COMPANY
COLONIAL AMERICAN CASUALTY AND SURETY COMPANY
FIDELITY AND DEPOSIT COMPANY OF MARYLAND
e
SEAL
By. Robert D. Murray
Y aY
Vice President
By. Dawn E. Brown is 1°s' }
Secretary
State of Maryland
County of Baltimore
On this 19th day of June, A.D. 2019, before the subscriber, a Notary Public of the State of Maryland, duly commissioned and qualified, Robert D.
Murray, Vice President and Dawn E. Brown, Secretary of the Companies, to me personally known to be the individuals and officers described in and who
executed the preceding instnrrnent, and acknowledged the execution of same, and being by me duly swom, deposcth and saith, that he/she is the said officer of
the Company aforesaid, and that the seals affixed to the preceding instrument are the Corporate Seals of said Companies, and that the said Corporate Seals and
the signature as such officer were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporations.
IN TESTIMONY WHEREOF, i have hereunto set my hand and affixed my Official Seal the day and year first above written.
Constance A. Dunn, Notary Public
My Commission Expires: July 9, 2023
EXTRACT FROM BY-LAWS OF THE COMPANIES
"Article V, Section 8, Attorneys -in -Fact. The Chief Executive Officer, the President, or any Executive Vice President or Vice President
may, by written instrument under the attested corporate seal, appoint attomcys-in-fact with authority to execute bonds, policies,
recognizances, stipulations, undertakings, or other like instruments on behalf of the Company, and may authorize any officer or any such
attorney-in-fact to affix the corporate seal thereto; and may with or without cause modify of revoke any such appointment or authority at any
time."
CERTIFICATE
I, the undersigned, Vice President of the ZURICH AMERICAN INSURANCE COMPANY, the COLONIAL AMERICAN
CASUALTY AND SURETY COMPANY, and the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, do hereby certify that the
foregoing Power of Attorney is still in full force and effect on the date of this certificate; and I do further certify that Article V, Section 8, of
the By -Laws of the Companies is still in force.
This Power of Attorney and Certificate may be signed by facsimile under and by authority of the following resolution of the Board of
Directors of the ZURICH AMERICAN INSURANCE COMPANY at a meeting duly called and held on the 15th day of December 1998.
RESOLVED: 'That the signature of the President or a Vice President and the attesting signature of a Secretary or an Assistant Secretary
and the Seal of the Company may be affixed by facsimile on any Power of Attorney... Any such Power or any certificate thereof bearing such
facsimile signature and seal shall be valid and binding on the Company."
This Power of Attorney and Certificate may be signed by facsimile under and by authority of the following resolution of the Board of
Directors of the COLONIAL AMERICAN CASUALTY AND SURETY COMPANY at a meeting duly called and held on the Sth day of
May, 1994, and the following resolution of the Board of Directors of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND at a
meeting duly called and held on the 10th day of May, 1990.
RESOLVED: "That the facsimile or mechanically reproduced seal of the company and facsimile or mechanically reproduced signature
of any Vicc-President, Secretary, or Assistant Secretary of the Company, whether made heretofore or hereafter, wherever appearing upon a
certified copy of any power of attorney issued by the Company, shall be valid and binding upon the Company with the same force and effect
as though manually affixed.
IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corporate seals of the said Companies,
this 14th day of October , 2022 .
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Brian M. Hodges, Vice President
TO REPORT A CLAIM WITH REGARD TO A SURETY BOND, PLEASE SUBMIT A COMPLETE DESCRIPTION
OF THE CLAIM INCLUDING THE PRINCIPAL ON THE BOND, THE BOND NUMBER, AND YOUR CONTACT
INFORMATION TO:
Zurich Surety Claims
1299 Zurich Way
Schaumburg, IL 60196-1056
www.reportsfclai ms(a),zurichna.com
800-626-4577
THE (FIDELITY AND DEPOSIT COMPANY
OF MARYLAND
1299 Zurich Way Schaumburg, IL 60196
Statement of Financial Condition
As Of December 31, 2021
ASSETS
Bonds................................................................................................................................................ $ 237,467,504
Stocks............................................................................................................................................... 18,985,762
Cash and Short -Term Investments................................................................................................... 7,415,852
Reinsurance Recoverable................................................................................................................. 25,735,324
Federal Income Tax Recoverable..................................................................................................... 0
Other Accounts Receivable.............................................................................................................. 24,479,233
TOTAL ADMITTED AssETs......................................................................................................... $ 314,083,675
LIABILITIES, SURPLUS AND OTHER FUNDS
Reserve for Taxes and Expenses...................................................................................................... $ 378,101
Ceded Reinsurance Premiums Payable............................................................................................ 48,876,599
Remittances and Items Unallocated................................................................................................. 0
Payable to parents, subs and affiliates.............................................................................................. 0
Securities Lending Collateral Liability ............................................................................................. 0
TOTAL LIABILITIES.................................................................................................................... $ 49,254,700
Capital Stock, Paid Up........................................................................................ $ 5,000,000
Surplus................................................................................................................. 264,828,975
Surplus as regards Policyholders...................................................................................................... 264,828,975
TOTAL....................................................................................................................................... $ 314,083,675
Securities carried at $78,561,855 in the above statement are deposited with various states as required by law.
Securities carried on the basis prescribed by the National Association of Insurance Commissioners. On the basis of
market quotations for all bonds and stocks owned, the Company's total admitted assets at December 31, 2021 would
be $319,561,762 and surplus as regards policyholders $270,307,062.
1, LAURA J. LAZARCZYK, Corporate Secretary of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, do
hereby certify that the foregoing statement is a correct exhibit of the assets and liabilities of the said Company on the
31 st day of December, 2021.
[�D�ocu,lgned
...
Corporate secretary
State of Illinois
City of Schaumburg SS:
Subscribed and sworn to, before mc, a Notary Public of the State of Illinois, in the City
ERYAIN NbRGAN
ielal Steal
e . State of Illinois
eXptres Dec 10, 2024
IS" day of March, 2022.
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