2534 Starlight homes - Belair Park - Perf BondSTAR LIGHT
November 14, 2023
Eileen Hinson
City of Sanford — Planning Departr
300 N. Park Avenue
Sanford, FL 32771
HOMES or
djJ I 2j�
Re: Belair Park
Items required for plat recordation and project closeout.
Dear Eileen:
Enclosed please find the following original documentation executed by Starlight Homes Florida
L.L.C., in connection with the above -referenced matter.
• Roadway Performance Bond No. 0257202
• Roadway and Drainage System Bill of Sale
Best regards,
St ight 4eFZ
J stin Ca
irector velopment
Direct: (407) 468-2243
Enclosure(s): as stated
1064 Greenwood Blvd., Suite 124, Lake Mary, FL 32746
PERFORMANCE BOND (Roads)
Bond No. 0257202
KNOW ALL MEN BY THESE PRESENTS:
That we, Starlight Homes Florida, LLC, hereinafter called the Principal, and
Berkley 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 $134,893.69, 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 Belair Park
has covenanted and agreed with the City of Sanford to construct Pavement — 2nd Lift of
Asphalt based upon development plans and plans and specifications pertaining to said
subdivision, said development plans and plan and specifications being dated
9-4"- day of�A, 20 7- , and being on file with the City of
Sanford, Seminole County, Florid nd
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 R � day of , ,� 20 2 3 , or within two (2) years of
the date of approval, whichever occurs fir4 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 all
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 27th day of October, 2023.
Starli ht or-6es Florida LLC
(SEAL) -"'�J
Address: By: , Its
1064 Greenwood Blvd., Ste. 124
Lake Mary, FL 32746
(If corporation)
Attest: . Its
Berkley Insurance Company
1250 E. Diehl Road, Ste. 200
Naperville, IL 60563
James I. Moore, Attorney -in -Fact
(CORPORATE SEAL)
(Attached Surety Power of Attorney)
Performance Bond
Page 2
Bond No.: 0257202
Attest
CI
Traci Houchin, City Clerk
For use and reliance of the
Sanford City Commission only.
Approved as to form and legality
City of Sanford, Florida
M
i L. Colbert, Nty- Atbryiey
ZO WiVVE A/ Owe
Performance Bond
Page 3
o•,
CITY OF
.� O
PLANNING & DEVELOPMENT
SERVICES DEPARTMENT
C'f- sNNING AND Wer tr , ._.f ? It i,.
t,
1-0o City Clerk
F,: Request for Services
The item(s) noted below is/are attached and forwarded to
your office for the following
❑ Development Order
action(s):
❑ Final Plat (original mylars)
®
❑
Mayor's signature
Recording
❑ Letter of Credit
❑
Rendering
❑ Maintenance Bond
❑
Safe
❑ Ordinance
keeping (Vault)
C] Performance Bond
❑
Jk L`
❑ Resolution
Once completed, please:
❑ Return original
Return copy
Special Instructions:
kpc
Please advise if you have any questions regarding the -above.
Thank you!
From
T:Wept formslTransmittal form
, I �OlLk
Date