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O� Fse � F R se �. rtoa� sti Cary OF sus+'do STATE OF FLORIDA COUNTY OF Pinellas ) BID BOND City of Sunny Isles Beach 16070 Collins Avenue Sunny Isles Beach, FL 33160 Telephone: (305) 947-0606 Fax: (305) 949-3113 KNOW ALL MEN BY THESE PRESENTS, that we, The Stout Group, LLC as Principal, and Hartford Causalty Insurance Company , as Surety, are held and firmly bound unto the City of Sunny Isles Beach, a municipal corporation of the State of Florida hereinafter referred to as the Owner in the sum of Five Percent of Amount aid Dollars ($ 59A of Amount ai, 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. THE CONDITION OF THIS OBLIGATION IS SUCH that whereas the Principal has submitted the accompanying Bid dated, September 28th, 20212041D for: Utility Undararounding lor 1 WHEREAS, it was a condition precedent to the submission of said Bid that a cashier's 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 (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 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 slated 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 parties have executed this instrument under their several seals this 28th day of September ,20 21 , 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 The Stout Group, LLC IN PRESEWEfc I did o rtner?hi rincipal ,jnR5r5 rJ W S'1Ahh C1ron(�y I22 Business Address Miami, FL 33018 City, State, and zip Code 786452-1481 Business Telephone Hartf d e Insurance Co ny TRESS: NA arga (Corpora a uretyr 'Impress Corporate Seal Affix Corporate Seal 305-397-2311 Business Facsimile IMPORTANT Secretary By: Kevin R. tawicz Attorney -in -act & FL Licensed Agent Surely companies executing bonds must appear on the Treasury Department's most current list (circular 570 as amended) and be authorizer. to transact business in the State of Florida. 10 of 12