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STATE OF FLORIDA COUNTY OF Seminole ) BID BOND City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, FL 33160 Telephone: (305) 947-0606 Fax: (305) 949-3113 KNOW ALL MEN BY THESE PRESENTS, that we, Sagaris Corp. as Principal, antl The Ohio Casualty Insurance Company 570 as amended) antl as Surety, are held and firmly bound unto the City of Sunny Isles Beach, a municipal corporation of the Slate of Florida in the sum of "' FIVE PERCENT OF AMOUNT BID •" Dollars ($ 5% of Bid ), lawful money of the United Stales, 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. THE CONDITION OF THIS OBLIGATION IS SUCH that whereas the Principal has submiltetl the accompanying Bitl dated, November 16th 2020 for: ITS 20-09-01 Golden Shores Street Lighting Bid WHEREAS, it was a condition precedent to the submission of said Bid that a cashier's check or Bid Bontl 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 (10) 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 iT fhe 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 States of America, as liquidated damages for failure thereof of said Principal. IN WITNESS WHEREOF, the above bonded part ies have executed this instrument under their several seals this 16th day of November ,2020 ,the name and the corporate seal of each corporate party being hereto affixed and these presents being duly signed by its undersigned representative. DOCUMENT CONTINUES ON NEXT PAGE IN PRESENCE OF: Individual o; Partnership or Co�Bon � / (Principal) I Aix Corporate Seal BY 1847 . Un v 1 y rive Business Address Coral Springs, FL 33071 City, State, and Zip Code (850) 629-9055 (954) 668-3407 Business Telephone The Ohio Casualty Insurance Company �� _ � xCorpgrate Surety)* Allysomg Attorney -in -Fact & FL Licensed Resident. Inquiries: (407) 834-0022 Guignard Company /Agency 1904 Boothe Circle, Longwood, FL 32750 `Impress Corporate Seal ATTEST N/A Business Facsimile IMPORTANT Secretary Witness Surety companies executing bund:, rllusl appear on the Treasury Department's most current list (circular 570 as amended) antl be authorized to transact business in the Stateof Florida.