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vim <br />BONDS <br />August 29, 2013 <br />City of Sunny Isles Beach <br />1 c/o Ric Man International <br />2601 Wiles Road <br />Pompano Beach, FL 33073 <br />1 RE: <br />I <br />Brown & Brown of Florida, Inc. <br />1201 W. Cypress Creek Road, Ste 130 (Zip: 33309) <br />P.O. Bow 5727 <br />Fort Lauderdale, FL 333 1 0 -57 27 <br />954/776.2222 • FAX 954!772.7542 <br />Statewide 1. 800/339 -0259 <br />Ric -Man International, Inc. <br />Project: Design Build Services for Gateway Pedestrian Access Improvements Step 1 <br />To Whom It May Concern: <br />Per your request for evidence of bondability, this letter is to advise you that Ric -Man International, Inc. is set up <br />for bonding with Arch Insurance Company. Arch Insurance Company has an A.M. Best Rating of A+ with a <br />financial size category of XV. <br />Based on their past experience, we can consider single jobs of 25,000,000.00 with an aggregate program of <br />50,000,000.00 but this should not be construed as a maximum program amount. We have found Ric -Main <br />International, Inc. to be an outstanding contractor, with a good reputation in the construction industry. <br />If Ric -Man International, Inc. has a low bid acceptable to all parties, if adequate financing is confirmed, and if all <br />other normal requirements are met, with surety approval, we look forward to providing final bonds. <br />As this is a letter of recommendation, and not a bid bond, Brown & Brown of Florida, Inc., Arch Insurance <br />Company, their agents and owners accept no liability for its content. The Surety reserves the right to review <br />each submission and base their final decision upon conditions that exist at the time of request. <br />If we can be of additional assistance, please feel free to give us a call. <br />Sincerely, <br />Michael A. Holmes <br />Attorney -In -Fact for Arch Insurance Company <br />Expiration: November 29, 2013 <br />Flo <br />