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HomeMy WebLinkAboutCity of Tamarac Resolution (148)May 22, 2002 - Temp. Reso. 9628 Page 1 of 3 1 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-2002-148 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA, AUTHORIZING THE APPROPRIATE CITY OFFICIALS TO RELEASE A WARRANTY BOND IN THE FORM OF SURETY BOND #45BSBAC9448 FROM HARTFORD FIRE INSURANCE COMPANY IN THE AMOUNT OF $1,231.25, POSTED BY VALUE DINING OF TAMARAC, INC., FOR PAVING AND DRAINAGE IMPROVEMENTS FOR THE GOLDEN CORRAL RESTAURANT PROJECT LOCATED ON THE NORTH SIDE OF COMMERCIAL BOULEVARD BETWEEN UNIVERSITY DRIVE AND 73RD AVENUE; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, Value Dining of Tamarac, Inc., has filed with the City of Tamarac a Warranty Bond in the form of Surety Bond #45BSBAC9448 from Hartford Fire Insurance Company, a copy of which is attached hereto as "Exhibit A", in the amount of $1,231.25 for paving and drainage improvements for the Golden Corral Restaurant project; and WHEREAS, Value Dining of Tamarac, Inc., has constructed paving and drainage improvements for the Golden Corral Restaurant project in accordance with the Site Plan approved by the City Commission on May 13, 1998; and WHEREAS, the paving and drainage improvements for the Golden Corral Restaurant project have been inspected and found to be in accordance with the approved Engineering plans; and May 22, 2002 - Temp. Reso. 9628 Page 2 of 3 WHEREAS, pursuant to City Code Section 10-156, this Warranty Bond in the form of Surety Bond #45BSBAC9448 from Hartford Fire Insurance Company in the amount of $1,231.25 for paving and drainage improvements for the Golden Corral Restaurant project has remained in place for the required one (1) year period; and WHEREAS, Value Dining of Tamarac, Inc., has requested the release of this Warranty Bond; and WHEREAS, it is the recommendation of the Director of Public Works and the Assistant City Engineer that this Warranty Bond for paving and drainage improvements for the Golden Corral Restaurant project be released; and WHEREAS, the City Commission of the City of Tamarac, Florida deems it to be in the best interest of the citizens and residents of the City of Tamarac to release this Warranty Bond in the form of Surety Bond #45BSBAC9448 from Hartford Fire Insurance Company in the amount of $1,231.25 for paving and drainage improvements for the Golden Corral Restaurant project. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA THAT: Section 1: The foregoing "WHEREAS" clauses are hereby ratified and confirmed as being true and correct and are hereby made a specific part of this resolution. Section 2: The appropriate City Officials are hereby authorized to release the Warranty Bond in the form of Surety Bond #45BSBAC9448 from Hartford Fire Insurance Company in the amount of $1,231.25 for paving and drainage improvements constructed by Value Dining of Tamarac, Inc., for the Golden Corral Restaurant project located on the north side of Commercial Boulevard between University Drive and 73r`� Avenue in accordance with Section 10-156 of the City Code. May 22, 2002 - Temp. Reso. 9628 Page 3 of 3 1 d Section 3: That all Resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of such conflict. Section 4: If any clause, section, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part or application, it shall not affect the validity of the remaining portions or applications of this Resolution. Section 5: This Resolution shall become effective immediately upon its passage and adoption. PASSED, ADOPTED AND APPROVED thisl2th day of June, 2002. ATTEST: -MAR_ ION ENSON, CMC CITY CLERK I HEREBY CERTIFY that I have approved this RESOLUTION as to form. TITCHEILVS� K CITY ATTORN X�Ile Az,��s JOE SCHREIBER MAYOR RECORD OF COMMISSION VOTE: MAYOR SCHREIBER AYE DIST 1: V/M. PORTNER AYE DIST 2: COMM. MISHKIN AYE DIST 3: COMM. SULTANOF AYE DIST 4: COMM. ROBERTS AYE tXHIBIT "A" Temp. Reso. #9628 Page 1 of 4 BOND #45BSBAC9448 SUBDIVISION IMPROVEMENT WARRANTY BOND Project Name: Value Dining of Tamarac, Inc. dba Golden Corral Restaurant KNOW ALL MEN BY THESE PRESENTS: That Steve Markley having an address of 7401 W. ommercial Blvd. Tamarac FI as Principals, and Hartford Fire Insurance ComQenx• having an address of P.O. Box 94800, Maitland, Fl. 32794-8000 A corporation, existing under the laws of the State of Florida, and having heretofore complied with All the requirements of the laws of the State of Florida regulating the admission of such corporation to transact business in this State, as Surety, are held and firmly bound unto the City of Tamarack of Brossard County, a municipal corporation of the State of Florida, having an address of 7525 NW 88"" Avenue, Tamarac, Florida 33321 in the full and just sum of One thousand two hundred thin -one Dollars "nd 25/100 ($1,231.25), lawful money of the United States of America, for which sum well and truly to be paid to said City of Tamarac, the said Principal and the said Surety do hereby bind themselves, their heirs, executors, administrators, successors or assigns respectively, as the case may be jointly and severally, firmly by these presents. WHEREAS, in accordance with the terms of Section 10-156, as amended by Ordinance 93- 23, paragraph (b) of the Tamarac City Code, there is a requirement that a bond in the amount of 25% of the actual cost of the Subdivision Improvements be posted upon formal acceptance of said Subdivision Improvements by the City of Commission, and; WHEREAS, in compliance with said warranty bond requirements, said Principal is required to furnish a good and sufficient bond in a surety company licensed to do business in the State of Florida conditioned upon the correction of all insufficiencies in design, workmanship and/or materials which are found within one year of the date of the formal acceptance of the Subdivision Improvements by the City Commission of City of Tamarac, Florida. NOW, THEREFORE, the condition of the obligation is such that if the said Principal, its successors, legal representatives or assigns shall have made all corrections and shall have paid all claims for the cost of correcting all Insufficiencies in design, workmanship and/or materials EXHIBIT "A" Temp. Reso. #9628 Page 2 of 4 discovered with one year of the date of formal acceptance of the Subdivision Improvements by the City Commission of the City of Tamarac, Florida, then this obligation shall be void; else to continue in full force and effect. Prior to the end of the calendar year following said City Commission's formal acceptance of the Subdivision Improvements warranted by this bond, the Director of Public Works or his designee shall inspect them for final release. If his investigation reveals any Insufficiencies, then he shall notify the Principal, in writing, that the work is unacceptable. The Principal and the Surety, jointly and severally, agree that said City of Tamarac shall have the right to correct insufficiencies in design, workmanship and/or materials in the even the Principal should fail or refuse so to do within ninety (90) days after said written notice by the Director of Public Works, and, pursuant to public advertisement and receipt and acceptance of bids, cause and Insufficiencies in design, workmanship and/or materials to be corrected. In such case, the Principal and Surety shall be jointly and severally liable hereunder to pay and indemnify said City upon the correction of said insufficiencies in design, workmanship and/or materials, the final total cost thereof, including but not limited to engineering, legal and contingent cost together with any damage, direct or consequential, which said City of Tamarac may sustain on account of the failure of the Principal to comply with all of the requirements hereof: Upon recommendation by the Director of Public Works for final acceptance and upon compliance by Principal with applicable conditions, as hereinabove stated, the Director of Public Works will then recommend to the City Commission the release of this reduced bond, by resolution. EXHIBIT "A" Temp. Reso. #9628 Page 3 of 4 IN WITNESS WHEREOF, the above bounden parties have executed their instrument by affixing their corporate names and seals hereto and causing their authorized representatives to sign these presents, pursuant to the authority of their governing bodies on the 30 day of March I999. SIGNED AND SEALED IN THE PRESENCE OF: VALUE DINING OF TAMARAC INC. P CIPAL H TITLE HARTFORD FIRE INSURANCE CO. IRA H. NOVAK, ATT EY--IN-FACT WF—F- !.., , �r ATTESTED Uf EXHIBIT `rAff Temp. Reso. #9628 Page 4 of 4 HARTFORD FIRE INSURANCE COMPANY Hartford. Connecticut POWER OF ATTORNEY Know all men by these Presents, That the HARTFORD FIRE INSURANCE COMPANY, a corporation duly organized under the laws of the State of Connecticut, and having its principal office in the City of Hanford. County of Hartford. State of Connecticut. does hereby make, constitute and appoint IRA H, NOVAIC and/or NANCY O'BRIEN of BEACHWOOD, OHIO its true and lawful Aftorney(s)-in-Fact, with full power and authority to each of said Attomey(s)-in-Fact, in their separate capacity if more then one is named above, to sign, execute and acknowledge any and all bonds and undertakings and other writings obligatory in the nature thereof on behalf of the Company in its business of guaranteeing the fidelity of persons holding places of public or private trust; guaranteeing the performance of contracts other than insurance policies: guaranteeing the performance of insurance contracts where surety bonds are accepted by states and municipalities, and executing or guaranteeing bonds and undertakings required or permitted in all actions or proceedings or by law allowed. in penalties not exceeding the sum of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) each,------------------....--------------------•------------ ---- and to bind the HARTFORD FIRE INSURANCE COMPANY thereby as fully and to the same extent as if such bonds and undertakings and other writings obligatory in the nature thereof were signed by an Executive Officer of the HARTFORD FIRE INSURANCE COMPANY and sealed and attested by one other of such Officers, and hereby ratifies and confirms all that its said Attorneys) -In -Fact may do in pursuance hereof. This power of attorney is granted by and under authority of the following provisions: (1) By -Laws adopted by the Stockholders of the HARTFORD FIRE INSURANCE COMPANY at a meeting duly called and held on the 9th day of March, 1971. ARTICLE Iv SECTION e. The President of any Vice -President, acting with any Secretary or Assistant $411all y, $hall have power and authonty to appoint, for purposes only of executing and aAaahnband s ds and undenakirgs and other writings obligatory in the nature Mateo. one or more Resident vice -Presidents. Res -dent Assistant Set:rataries and Aftomeys-in•Faet ano at any time to remove any such Resident Vice -President, Resident Assistant secretary. or Attorney -in -Fact, and revoke pre power ana authority gWen to ran. SECTION 11. Attomays•in-Facl shell have power and authority, subject to the terns and limitations of the power of attorney thissued W thrm. ro execute and deliver on behalf of the Company and to attach e seal of the Company thereto any and all bonds and undenakahgs, and d wrm. wo obligatory in the nature thereof. And any ouch inatrumem executed by arty such Anpmey.in•F&W Shelf be as bindig upon the Company as if sgned by an Executive officer and $tilled and attested by one other of such Ofacera. In Witness Whereof, the HARTFORD FIRE INSURANCE COMPANY has caused these presents to 'be signed by its Vice -President, and Its corporate seal to be hereto affixed, duly attested by its Secretary, this 15th day of October, 1992, HARTFORD FIRE INSURANCE COMPANY'`• .- AtteJsJJ..t�://��'�/�/'••JJ� l�//J�f�/�/y / ��".,.,�� "'�• •�'w, i.R�.Y J � �/ �/ r"7L,i+_'� ,ram IM ' Richard R. Hermanson -_ •111v Secrryry - . STATE OF CONNECTICUT Robert N. H, Senor' Viee•Pn$iQenf COUNTY OF HARTFORD On this 1 Sth day of October, A.D. 1992, before me personalty came Robert N. H. Saner, to me known, who being by me duly sworn, did depose and say: that he resides in the County of Hartford, State of Connecticut; that he Is the Vice•Pri sident of the HARTFORD FIRE INSURANCE COMPANY, the corporation described in and which executed the above Instrument; that he knows the seal of the said corporation; that the seat affixed to the said instrument is such corporate Seal; that it was so affixed by order of the Board of Directors of said corporation and that he signed his name thereto by like order, STATE OF CONNECTICUT Jean' . Wozniak COUNTY OF HARTFORD Notary AtbM My Commission Expires March 31, 1994 CERTIFICATE I, the undersigned, Assistant Secretary of the HARTFORD FIRE INSURANCE COMPANY, a Connectlourt Corporation, DO HEREBY CERTIFY that the foregoing and attached POWER OF ATTORNEY remains in full force and has not beep revoked; and furthermore, that the Resolutions of the Board of Directors, set forth in the Power of Attorney, are now in force, Signed and sealed at the City of Hartford, Dated the 30 day of March t9 99 list David A. Johnson Assistant Secretary