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oQ S,I"NY r4rfJB A tic C, rY 01 fVN .VO STATE OF FLORIDA COUNTY OF AIIAAII -DAME ) BID BOND City of Sunny Isles Beach 19070 Collins Avenue Sunny Isles Beach, FL 33190 Telephone: (305) 947 -OBW Fax (305) 949 -3113 KNOW ALL MEN BY THESE PRESENTS, that we. SHORELINE FOUNDATION, INC. as Principal, and 'FRAVELERSCASUACrYANDSUREIY COMPANYOFAMERICA , as Surety, are hold and firmly tiound unto the City of Sunny Isles Beach, a municipal corporation of the State of Florida In the sum of - FIVE PERCENT OF THE AAfOt1NT HID Dollars ($ 5 %--- -- - - -- ), 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, MARCH 11, 2015 20 %0 for: Pb1FMUXY ROAD, PEDESTRIAN AND EMERGENCY ACCESS BRIDGE WHEREAS, R was a condition precedent to the submission of sold Bid that a cashler'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 ail 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 parties have executed this Instrument under their several seals this IITH day of MARCH ,20 I5 , 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: SHORELINE FOUNDATION, INC. Individual or Partnership Principal Affix rpo��rat�e Seal -- 27$1S.W.56AVENUE �mit a "" 0 —Pr�c�� Business Address PEMBROKE PARK, FL 33023 City, State, and Zip Code (954) 985 -0460 Business Telephone ATTEST: TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA (Corporate Surety)' "Impress Corporate Seal (954) 985 -0462 Business Facsimile Secretary �'_ � D. W. MATSON ` III, ATTORNEY -IN -FACT IMPORTANT Surety companies executing bonds must appear on the Treasury Department's most current list (circular 570 as amended) and be authorized to transact business In the State of Florida. DECCUB0128,2010 8 of 10