HomeMy WebLinkAboutPresidential Streets ProjectLncf
5 EBASTL&N
HOME OF PELICAN ISLAND
1225 Main Street
Sebasban,FL 32958
(772)388-8215 Phone
October 30, 2017
Timothy Rose Contracting, Inc.
1360 Old Dixie Hwy SW, Suite 106
Vero Beach, FL 32962
RE: Release of Payment & Performance Bonds for Presidential Streets -Roadway &
Drainage Improvements—Bond # 479932P.
Dear Mr. Rose:
I am releasing payment and performance bonds #479932P issued by Developers Surety &
Indemnity Company in the amount of $890,702.00 to the City of Sebastian for Presidential
Streets -Roadway & Drainage Improvements.
Sincerely,
W,�LX.-t-Li/YYbQ
J nette Williams, MMC
City Clerk
Attachment: Original Bonds #479932P
ott OF
S=T_"
HOME OF FEUCAN ISLAND
CERTIFICATE OF PROJECT COMPLETION
Date Accepted: 08/22/17
Project Name & #: Presidential Streets # A1231
Total Project Expenditures: $ 938,823.33
Project Location: Washington/Cleveland/Martin Streets
Contractor(s): Timothy Rose Contracting / Infrastructure Engineers / Misc (see attached)
Contract Amount(s): $ 809,569.56 / $ 55,309.63 / $ 73,944.14
Pursuant to the above captioned contract and in compliance of same, we the undersigned do hereby certify
that this project is complete.
Issuance of this certificate releases the contractor from any further responsibility as stipulated in the contract
as it relates to bond performance, payment of subcontractors, release of liens, maintenance and indemnity. All
contractual obligations as to warranty, insurance, indemnification and patents, shall remain in full effect for the
contractually stipulated period of time. In no way does the issuing of this certificate release the Contractor from
all legal obligations as stipulated in Chapter 713 of the Florida Statutes.
Therefore, having reviewed the contract and inspected the work, the undersigned to hereby accept the
segment as being complete.
rote&" Mana
nrlA
Building Official (if applicable)
City 06rk
/g S—/7
Date
Date
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31 2014(0l 9299 RECORDED IN THE RECORDS OF JEFFREY R. SMITH, CLERK OF CIRCUIT COURT INDIAN RIVER CO FL
BK: 2749 PG: 677,4/4/2014 12:03 PM
BOND PREMIUM EASED ON
PUBLIC WORKS BOND F�WAL CONTRACT PRICE
THIS IS THE FRONT PAGE OF THIS PERFORMANCE AND PAYMENT BOND
ISSUED IN COMPLIANCE WITH CHAPTER x255.05 FLORIDA STATUTES.
BOND NO. • 479932P
CONTRACTOR NAME: Timothy Rose ContraC,gg, . Inc .
CONTRACTOR ADDRESS: 1360 SW Old Dixie Hvw. , Ste 106
Vero Beach, FL 32958
CONTRACTOR PHONE NO. (773-564-7800
SURETY COMPANY: Developers Surety & Tndemnity C
OWNER PHONE NO.
OBLIGEE NAME:(Ircootrse ft sadly
Is dilreremt from the owner, the combucdng pabUc
entity)
OBLIGEE ADDRESS:
OBLIGEE PHONE NO. ) -
BOND AMOUNT: $890x702-00
CONTRACT NO. (Irwpptissbk)
DESCRIPTION OF WORK: Presidential Streets -Roadway & Drainage
PROJECT LOCATION: gity Qt seg
LEGAL DESCRIPTION:
FRONT PAGE
(ALL OTHER BOND PAGES ARE DEEMED SUBSEQUENT TO THIS PAGE REGARDLESS OF ANY
PAGE NUMBERS THAT MAY BE PRE-PRINTED THEREON)
( i LAST Pl!'N(l
BK: 2749 PG: 678
t -
479932P
PAYMENT AND rERFORMMCE BOND
t'1"his form pravkW by Owner as an exonrple of the farm of bond; the actual bond form must conform to
the stmidards required by Florida Statues)
KNOWN ALL PERSONS BY THESE PRESENTS. that
(Name of contractor)
1360 SW Old Dixie Highway, Ste 106, Vero Beach, FL 32962
(Address of Contmctor)
a Florida , hereinafter called Principal and
(Corporation, Partnership or individual)
Developers Surety & Indemnity ComRany
(Name of Surety)
100 Second Avenue South, Ste 704S., St. Petersburg, FL 33701
(Address orSurc:ty)
hereina!%r called Surety, an; herd and Cermly bound unto City of Sebastian (-Ow cel,
whose addreLat Khats N.- known as
1225 Main Street,, Seb - tian. FT_. 32.958 _
In the total aggregate penal sum of
100% of the contract amount equivalent to
Eight Hundred Ninety Thousand Seven Hundred Two Dollars
(vMUcn amount of contract)
(S,890.702.00-.-
(numaraal emaunt)
in lawful money of the United States, for the payment of which sum well and truly to be made, we bind
ourselves, our Mire, cxacutnM aulmirmctratcsnc, succ m-oom and anigns jointly and severally firmly by these
prcscnts.
THE CONDMON OF THIS OBLTGAT[ON is such that whcnms, the Priniipal entered into a certain
Ag mment with the Ownur, dated the _ tiny of , 2013, n copy ofwhich is hereto amwhed
a a ad made a parthmof, for Presidential Streets -Roadway. & D:r.anage
Improvements
NOW THEREFORE, if the Principal "I well, truly and faithfully perform its duties, all the tmdertaidngs,
covenants, tearrres, condition, viii ag mnnutt:i of said contracts daring the orighW term there4 and any
extension thereof which maybe brantcd by the CMncr, with or without notice to the SU RM*y and during the
one year guaranty period and if the
PRINCIPAL shall satisfy all claims and dcmandg incurred under sucheonVict, and shall fully indcmnify and
an harmless the Owner fmm all coats and damages which it rosy suffer by reason of failum to du so, and
shall r+aimbum and repay the Owner for all coasts which it may incur in marking good any default, thea thix
obligation shall be void, odtct'wise to t+ mama in full furca and effect.
PB -1
711 r��• �.l`Iz7 Tar.
CUT!,
BK: 2749 PG: 679
PROVIDED, FUW11iM that the said SURETY, for value received hereby sHpulaum and agrcL* that no
change, extension of time, alteration or addition to the terms of the contract or to WORK to be performed
thereunder or the SPECIFICATIONS accompanying =uc shall in any► way a(TwA its obligation on this
BOND, and it does hereby waive notice of any such changes, extension ortime:, alturation or addition to the:
terms of contract or to the WORK or to the SPECIFICATIONS. -
PROVIDED, FURTHER; that it is expressly agreed that thu BOND zchal l bu dmmwd ame-ndcxl. autom dAzily
and immediately, without formal and separate amendments hereto, upon amendment to the Contract not
mm=smg the contract price more than 20 percent, so as to bind the PRING I PAL and the SURETY to the thI I
and faithful peribnmancc of the contract as so amended, the term "Amendmenr. wherever used in this
BOND, and whether Terming to this BOND, or the Contract shall include any alteration, addition, extension,
at modification of any character whatsoever.
PROVIDED. FURTIIER, that no find settlement between the Owner and the PRINCIPAL shall abridge the
right of the other beneficiary hereunder, whose claim may be unsatisfied. The Owner is the only beneficiary
hereunder.
IN WITNASS WHNRKOF, this instrument is owcuted in counterparts, each of which shall be deemed an
original, this the 31.. day of March 2014
Timothy Rose Contracting, Inc.
(Princi 1)
-c.
t3y:
'`�.- Signa
Printed Name dt Title
Timothy.Rose President
1360 SW Old Dixie HyW., Ste 106
Address
Vero Beach, FL 32962
PROVIDED, FURTHM that no final settlement between tho Owncr and the CONTRACTOR shall abridge
the right of any beneficiary hereunder, whost claim may be unsatisfied.
wnwuS WHERF•OF, this itistntment in r mated in2 cotmtetpmu, ouch of which
shall be dcmtcd an original, this the 31.. .day of _ March, _ 2014
PB- 2
t 'r' t' ' 1
BK: 2749 PG: 680
t
(Witness )
Q171 w_ Samnle Road. Ste 206
(Addrm)
Coral Springs , FL 33065
Timothy -Rase Contracting, Inc.
fes)
By:
Timothy Rose President
(Printed Name and Tills)
1360 SW Old Dixie Hwy., Ste 106
(Addrem)
Vero Beach, FL 32962
Deve3overs Surety & Indemnity Company
(S ty Typ or Printed)
.r.r-
(Attorney-in Fact Smu=t)
Robert Barra
(Printed Name and Till
100 Second Avenue Sou
(Address) . .
St. Petersburg, FL 13
Note: Date of Bond must not be prior to date of the Ag*ecmcnt.
If Contractor is a partnersbip, all partners should cxccute the Bond. ii
IIAPORTANT: SURETY COMPANIES EXECUTING RONMR MUST APPEAR ON THE:
DEPART mem*'s MOST CURRENT LIST (CIRCULAR S70 AS AMENDED) AND SEA.
TO TRANSACT BUSINESS IN THE STATE OF RDRIDA.
P$- 3
704S
B�{: 2749 PG: 681
479932P
POWER OF ATTORNEY FOR
DEVELOPERS SURETY AND INDEMNITY COMPANY
PO Box 19725, IRVINE, CA 92623 (949) 263.3300
KNOW ALL MEN BY THESE PRESENTS, that as except as expressly limited. DEVELOPERS SURETY AND -INDEMNITY COMPANY, do each, hereby make, constitute and appoint
***Robert Barra***
as its true and lawful Attorney(s)-in-Fact, to make, execute, deliver and admowledge, for and on behalf of said corporation as surely, bonds, undertakings and contracts of suretyship
Including. without limitation, any and aU surety bands, and consents or other writings required by the Florida Department of Transportation incident to the release of retained percentages
and final estimates on construction or maintenance contracts, giving and granting unto said Attomey(s).617 ct full power and authority to do and to perform every act necessary,
requisite or proper to be done in connection therewith as the cogwradon could do. but reserving to the corporation tug power of substitution and revocation, and all of the acts of said
Attomey(s)-En•Fact, pursuant to these presents, are hereby ratified and confirmed.
This Power of Attorney is granted and Is signed by facsimile under and by authority of the following resolutions adopted by the respective Board of Directors of DEVELOPERS SURETY
AND INDEMNITY COMPANY, effective as of March 25th, 2009.
RESOLVED, that the chairman of the Board, the President and any Vice President of the corporation be, and that each of them hereby Is, auWrIzed to execute Powers of
Attorney, qualifying the aftomey(s) named in the Powers of Attorney to execute, on behalf of the corporations, bonds, undertakings and contracts of suretyship: and that the Secretary or
any Assistant Secretary of the corporations be. and each of them hereby is. authorized to attest the execution of any such Power of Attorney;
RESOLVED, FURTHER that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsim3e, and any such
Power of Attorney or certificate bearing such facsimile signatkues shall be valid and binding upon the corporations when so affixed and In the future with respect to any bond. w►de WkbV
or contract of suretyship to which It Is attached.
IN WITNESS WHEREOF, DEVELOPERS SURETY AND INDEMNITY COMPANY have severally caused these presents to be signed by their respective Vice President and attested by
their respective Assistant Secretary this March 25th, 2009.
' ••a`".4 AND
By ..
Daniel Young. Vice President°goafopP 0Rgr�`�
$� OCT. <'s
:f S7R742� 10 s
BY =w o t, 1935 5 : On,7
Stephen T. Pate, Senior Vice President t'�.�•y�ti.low .'�iDAl
.,
Slate of California •"..,�u:k....•....
County of Orange
On March 251h, 2009 _ before me, Jenny TT Nguyen. Notary Public
Date Here Insert Name and Tile of the Officer
personally appeared Dar d Young and Stephen T. Pate
Name(s) of Signer js)
who proved to me on the basis of satisfactory evidence to be the person(s) whose �� subscribed to
the within instrument and acknowledged to me that helsheN" executed the ' aiifhoritQd ,
d ices and that , hisrtkerlthair . }
.[Ein1NY 7T 1ki� caPayC ) by signattre(s) on the Instrument the persoq(s = ifi��q�ijtutroih
which the person(s) acted, executed the instrument •y • tt'+�'
COMM. # 1781640 f �';���'•'a!•;:;..;'�: ;�'i''�; �•..
t aD%RY FUBUC CSA l' •,
ORANGE CITY t certify under PENALTY OF PERJURY hutdor the taws of the State of fore�oui�;pb (a•'.,; : i ..-
true and owed "r •r'•! y , • r.
1rlyOWN' . FOL 16L �
,.. E .� 'c : � to"
r-�
WITNESS my hand and official seal.'.
: mf�,.w • fi.-•,�� . rn � . ,.' •,fir.
Place Notary Seal Above Signature .
CERTIFICATE
The undersigned, as Assistant Secretary, of DEVELOPERS SURETY AND INDEMNITY COMPANY, does hereby ceRdy that the foregdng Power of Attu' br
force and has not been revoked. and tuMerrrhore, that the provisions of the resolutions of the respective Boards of Directors of said corporations set forth in the Powers Attom '
force as of the date of this Certificate.
This Certificate Is executed in the Cly of mine. Cdfomia, the 31 day of March , 2014
trelig Ok I Secretary =110FR
UMIAK kin MR
ID-1438(Wet)(Rev.10111) US iS TO CERTIFY TRAT AME AHO CMM
a" Of THE O'RI01IIAi IN THIS OFRCE.THIS
ORIGINAL UYNAVEUORtEAflON AS STAT®
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