HomeMy WebLinkAboutPerformance Bond - MaintenancePERFORMANCE BOND
KNOW ALL HIEN BY THESE PRESENTS:
I
GENERAL DEVELOPMENT CORPORATION, a Delaware corporation, authorized
to transact business in the State of Florida (hereinafter called GENERAL),
is held and firmly bound unto the CITY OF SEBASTIAN, a municipality created
under the laws of the State of Florida, in the penal sum of $98;091.04 for
the payment of which it binds itself, its successors and assigns, firmly by
these presents.
THE CONDITION OF THE ABOVE OBLIGATION is such that whereas GENERAL
has platted portions of Section 18, Township 31 South, Range 39 East, the
CITY OF SEBASTIAN, Indian River County, Florida, into a Subdivision known
as SECOND REPLAT IN SEBASTIAN HIGHLANDS - UNIT 9 and FIRST REPLAT IN
SEBASTIAN HIGHLANDS - UNIT 16, according to the Plat thereof, as recorded
in the Public Records of Indian River County, Florida; and the Plat of said
Subdivision shows streets, thoroughfares and drainage rights of way and
GENERAL has agreed that it will within ten (10) years from the date hereof,
grade and pave the streets and complete the necessary drainage as shown on
said Plat of the aforedescribed property in accordance with the details shown
on the Development Plan and the Specifications in effect as of the date shown
hereon for the CITY OF SEBASTIAN, Florida.
NOW, THEREFORE, if GENERAL shall within ten (10) years from the date
hereof, grade and pave the streets and complete the drainage as shown on
said Plat which abut the aforedescribed property, in accordance with the
Specifications in effect as of the date shown hereon for the CITY OF SEBASTIAN,
Florida, then this obligation shall be void, otherwise the same shall remain
in full force and effect.
It is expressly understood the obligation of GENERAL shall diminish in
proportion to the amounts expended from time to time toward the completion of
the improvements for which it is obligated hereunder; and that by its approval
and acceptance of this Bond, the CITY OF SEBASTIAN, Florida, agrees to acknowledge
from time to time, in writing, the reduction of the total sum of this obligation
according to the extent such work has been completed.
IN WITNESS WHEREOF, GENERAL has caused these presents to be executed by
its proper officers and its corporate seal to be affixed hereto, all of which
has been done at Miami, Dade County, Florida, this 30th day of August, 1973.
THE FOREGOING BOND IS HEREBY
ACCEPTED AND APPROVED THIS
t1'= DAY OF42 ,Z - , 1973.
CITY OF SEBASTIAN',, FLORIDA
By:
GENERAL DEVELOPMENT CORPORATION
-BY
• Y-
President
JS11J.rD iI •
�^I
44nn-�
--^'T
Secreta
THE FOREGOING BOND IS HEREBY
ACCEPTED AND APPROVED THIS
t1'= DAY OF42 ,Z - , 1973.
CITY OF SEBASTIAN',, FLORIDA
By:
GENERAL DEVELOPMENT CORPORATION
-BY
• Y-
President
r GENERAL
DEVELOPMENT ENGINEERING COMPANY
ENGINEERING AND LAND SURVEYING
August 15, 1973
General Development Corporation
1111 South Bayshore Drive
Miami, Florida 33131
PORT MALABAR
RE: SECOND
REPEAT IN SEBASTIAN HIGHLANDS - UNIT 9
PORT LABELLE
FIRST REPLAT IN SEBASTIAN
HIGHLANDS - UNIT 16
1111 SOUTH
CITY OF
SEBASTIAN - INDIAN
RIVER COUNTY, FIA.
BOND ESTIMATE - (HOUSING)
Gentlemen:
The estimate for
construction of
this subdivision
is as follows:
Roads (0.915
miles)
Item
antic
Unit Price
Amount
Clearing and Dispose
5.24 AC.
$ 139.40
$ 730.46
Grading Incl. Select
9,000 C.Y.
0.27
2,430.00
Pipe 15 Incl. Bands
60 L.F.
3.84
230.40
Pipe 18 Incl. Bands
34 L.F.
4.54
154.36
Pipe 24 Incl. Bands
20 L.F.
6.92
138.40
Pipe 18 x 11 Incl. Bands
224 L.F.
3.98
891.52
Pipe 25 x 17 Incl. Bands
36 L.F.
6.08
218.88
Pipe 29 x 18 Incl. Bands
36 L.F.
6.92
249.12
Road Base 6" S.C.
11,537 S.Y.
2.50
28,842.50
Prime and Sand
11,537 S.Y.
0.043
496.09
Pavement A.C.S.C.II 1"
11,012 S.Y.
1.00
11,012.00
Endwalls
6.32 C.Y.
65.00
410.80
Rip Rap
15 C.Y.
55.00
825.00
Grassing
14,157 S.Y.
0.07
990.99
P.C.P.'s
60 EA.
20.00
)„ 200.00
Street Signs
9 EA.
25.00
225.00
Road Total
$49,045.52
PORT MALABAR
PORT
ST. LUCIE
PORT LABELLE
PORT CHARLOTTE
EXECUTIVE OFFICES •
1111 SOUTH
BAYSHORE DRIVE
MIAMI, FLORIDA 33131
• TELEPHONE 350-1420
-2 -
August 15, 1973
Primary and Secondary Drainage
none
Roads _ $49,045.52
Drainage none
$49,045.52
Plus 100% Contin-
gency
(10% -Yr. -10 Yr.) $49,045.52
Total $98,091.04 l
Very truly yours,,- 6"
o 2�
Robert Bluem
Vice President ot�ngin&ering„
RAB/EOD/pW
C. soaca°'
• ` C
RECEIVED
Z4 AUG 301973
GD C 1
IsNGINEERING
`� DEPT.