2490 Cypress Holdings - Performance BondPERFORMANCE BOND (Roads)
KNOW ALL MEN BY THESE PRESENTS:
That we, Cypress Holdings, LLC, hereinafter called the Principal, are held and
firmly bound to the City of Sanford, a political subdivision of the State of Florida, in the full
and just sum of $13,200.00 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 Stella Cove
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 20th day of April, 2023, 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 20th day of April, 2023, 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 Principal 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 Principal 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 Principal 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 all
Performance Bond
Page 1
legal remedies against the Principal, both at law and in equity, including specifically
specific performance, to which the Principal unconditionally agree.
The Principal 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 has executed these presents this the
/i day of_May, 2023.
J mz -' c-
A--
David-N. Ferri, Manager
Cypress Holding, LLC, a Florida Limited Liability Company
Address: 4925 Red Brick Run, Sanford FL 32771
Performance Bond
Page 2
Attest
Traci Houchin, City Clerk
For use and reliance of the
Sanford City Commission only.
Approved as to form and legality
City of Sanford, Florida
William L. Colbert, City Attorney
Performance Bond
Page 3
ff,
F GEORGE CONCRETE, LLC
P 0 BOX 915484
LONGWOOD, FL 32791-5484
407.788.0135 — OFFICE
FGC@FGEORGE.COM
Cypress Homes
Stella Cove part 2
5/23/23
Turnkey labor & material estimate for custom flatwork $12,000.00
Material includes: 1) 3000 psi concrete w/fiber 2) expansion joint if
requested in leu of saw cuts 3) sales tax, delivery, environmental fees &
fuel charges.
Labor includes: 1) demo if included in quote 2) layout & form 3) place and
finish concrete to specified finish 4) saw cut if required 5) clean-up.
Not included: 1) permitting 2) fill dirt 3) soil treatment 4) pump 5) curb removal 6)
asphalt cut) excess grading.
Notes:
1) Must have access for material delivery
2) Any changes to print made after estimate submitted will be at cost plus
3) custom saw cuts to be laid out with FGC employee
4) wire mesh is an option
5) if pumping required, please note it also requires change in concrete
Not responsible for any damage to landscaping or irrigation, or
underground wiring.
Specs:
1) all concrete 6" thick 3000 psi with fiber mesh
2) all concrete to be broom finished and sawcut expansion joints.
Estimate based on today's prices. The job will be actual cost plus with
adjustments allowed for material increases.
Please note price fluctuates also based on material supplier available.
Price increase in material expected July 1st.
F George Concrete, LLC
CIT
, - Y OF
S�NFORD
PLANNING & DEVELOPMENT
SERVICES DEPARTMENT
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Td': City Clerk
RE: Request for Services
The item(s) noted below is/are attached and forwarded to your office for the following actions
❑ Development Order action(
)
❑ Final Plat (original mylars)
❑ Letter of Credit
❑ Maintenance Bond
❑ Ordinance
Performance Bond
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Once completed, please:
❑ Return original
Return copy
Special Instructions:
Mayor's signature
Recording
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Please advise if you have any questions regarding th ae b veeo
Thank you(
T:�Dept fOrmsXTransmittal form
X21.
Date
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