GOLDEN SHORES STREET LIGHTING BID NO 20-09-01

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STATE OF FLORIDA COUNTY OF Miami -Dade 1 BID BOND City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, FL 33160 sphere: (305) 947-0606 Fax: (305) 949-3113 KNOW ALL MEN BY THESE PRESENTS, that we, AUM Construction, Inc. as Principal, and Contractors Bonding and Insurance Company , as Surety, are held and firmly bound unto the City of Sunny Isles Beach, a municipal corporation of the State of Florida in the sum of Five Percent of Bid Amount Dollars ($ 5% of Bid ), lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators and successors jointly and severally, firmly by these presents. CONDITION OF THIS OBLIGATION IS SUCH that whereas the Principal has submitted the accompanying Bid dated, ober 10th 2020 for: WHEREAS, it was a condition precedent to the submission of said Bid that a cashiers check or Bid Bond in the amount of five percent (5%) of the Base Bid be submitted with said Bid as a guarantee that the Proposers would, if awarded the Contract, enter into a written Contract with the City for the performance of said Contract, within ten If 0) consecutive calendar days after written notice having been given of the Award of the Contract. NOW, THEREFORE, the conditions of this obligation are such that if the Principal within ten (10) consecutive calendar days after written notice of such acceptance, enters into a written Contract with the City of Sunny Isles Beach and furnishes the Performance Bond, satisfactory to the City, each in an amount equal to one hundred percent (100%) of the Contract Price, and provides all required Certificates of Insurance, then this obligation shall be void; otherwise the sum herein stated shall be due and payable to the City of Sunny Isles Beach and the Surety herein agrees to pay said sum immediately, upon demand of the City, in good and lawful money of the United Slates of America, as liquidated damages for failure thereof of said Principal. IN WITNESS WHEREOF, the above bonded parties have executed this instrument under their several seals this 4th day of November ,20 20 ,the name and the corporate seal of each corporate party being hereto affxed and these presents being duly signed by its undersigned representative. IN PRESENCE OF: Individual or Partnership Principal 8950 NW 119th St. Business Address Hialeah Gardens, FL 33018 City, State, and Zip Code (305)456-4848 Business Telephone CONTINUES ON NEXT PAGE rtporate Business Facsimile ATTEST: i Cynlractors Rontli�cn _antl Insurance Company Secretary t(Arporate Surety)` Tina Mangum, Attor -in-Fact `Impress Corporate Seal IMPORTANT By: Surety companies executing bonds must appear on the Treasury Department's most current list (circular 570 as amendetl) and be authorized to transact business in the Stale of Florida. DECEMBEa28, 2010