Reso 99-149 - Laserfiche WebLink

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- - A V BID BOND STATE OF FLORIDA } COUNTY OF MIAMI DARE )SS. CITY OF SUNNY ISLtS BEACH ) KNOWN ALL MEN BY THESE PRESENTS, That we COAST TO COAST CONSTRUCTION RESTORATION INC. as Principal, and The Mountbatten Surety Company, Inc. , as Surety, are held and firmly bonded unto the City of Sunny Isles Beach as Owner in the penal sum of Two and a Half Percent of Amount Bid 2.57 ,lawful money of the United States, for the paymeDollars nt 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 to the City of of Sunny Isles Beach the accompanying Bid or Proposal, signed ,and dated June 24, 19 99 , for OCEANFRONT PARK in accordance with the Plans and Specifications therefor, the call for Bids, and the Instructions to Bidders, all of which are made a part hereof by reference as if fully set forth herein. NOW, THEREFORE, (a) if the Principal shall not withdraw said bid within thirty (30) days after date of opening of the same, and shall within ten (10) days after written notice being given by the City Manager or his designee, of the award of the contract, enter into a written contract with the City, in accordance with the bid as accepted, and give bond with good and sufficient surety or sureties, as may be required for the faithful performance and proper fulfillment of such contract, (b) in the event of the withdrawal of said bid within the period specified, or the failure to enter into such contract and give such bond within the time specified, if the Principal shall pay the City the difference between the amount specified in said bid and the amount for which the City may procure the required work and/or supplies, if the latter amount be in excess of the former, the above obligation shall be void and of no effect, otherwise to remain in full force and effect. r I. 1 of 2 i�