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772-Local Industries WATER AND WASTEWATER UTILITIES [ --ga~rnS -i0~ 3 BILL OF SALE h~l ]Zna ustrie~ INc.a Florida corporation, of Se~i~olO , state of ~1~. , 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: tor~f T~S~i~, I~0. ~0~%~ SCte (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 Lc~O<~ ~:1. on this ,'?Of/-day ofS'epf, , ~q SELLER BY:~~ORpO~T~0N) ITS: ~TTEST: ITS:_ B- 3 WATER AND WASTEWATER UTILITIES MAINTENANCE [MATERIALS AND WORKMANSHIP WARRANTY) BOND mow ALL BY TRESE PRES TS, of L~;J~t~ ~ ~k~" F'I~' ,referred to as the DEVELOPER and t~Rh)C ~ of ~ ,hereinafter called the SURETY, are held and firmly bound unto the CITY OF SANFORD, a political subdivision Sanford, Florida 32771, in 1 s ~te~ DOLLARS, lawful money of the United States of America, to the payment of which sum, well and truly 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, wastewater, reclaimed water systems, and/or other related the approval of the C~TY under the p~visio~s, conditions, and requirements of the development plan approval gra~ted the day of , by the CITY. WHEREAS, the Developer and Contractor are obligated to protect the City against any defects resulting from faulty materials or workmanship of said improvements and to maintain said i~vements for a period of two years from the ,0~u~ day of ~ , {qeq . NOW THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that if the DEVELOPER or CONTRACTOR shall promptly and faithfully protect the City against any defects, correct all defects in the aforesaid improvements, maintain the aforesaid improvements and fully indemnify the City of Sanford for all loss the City of Sanford may sustain by reason 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, wastewater, and reclaimed water systems, for a period of two (2} years from the date of issuance of the n any and all costs and exp es incidental to the performance of any work required to be performed hereunder, then this obligation shall be void; otherwise to remain in full force and effect. The CITY shall notify the DEVELOPER or CONTRACTOR in writing of any defects for which the DEVELOPER and CONTRACTOR are responsible and shall specify in said notice a reasonable period of time which DEVELOPER or CONTRACTOR shall have to correct said defects. The SURETY unconditionally covenants and agrees that if the DEVELOPER or 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. B- 1 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 faultly 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. executed these presents this ,/qq q, . DEVELOPER . BY: /~"/~4/ ITS: A CORPORATION) ATTEST: ITS: ADDRESS: (SEAL) CONTRACTOR BY: ITS: (IF A CORPORATION) ATTEST: ITS: ADDRESS: (SEAL) SURETY BY: ITS: (ITS ATTORNEY-IN-FACT) ATTEST: ITS: B- 2 LOCAL INDUSTRIES INC. ' ~"/~l - ~o ~ ~ - ~ol c~ 240E, PA~E~OAVE. STE. I~: ~. ~ DOLLARS THE HUN~NGTON NA~ONAL SANK ' :--' ,. _ , · ~ ,~ , , ~ , -, ,' - . - ~ .: , .- .~ ::~ '.:: ..-.:~ :~ .,,,- ~ ~. -.:. ':,, ~ .'. · ,~.:, ,: