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<br />~Slitlul <br />f'roperty & lIablhly <br />Ii lsurance <br /> <br />ST. PAUL FIRE AND MARINE <br />INSURANCE COMPANY <br />St. Paul, Minnesota <br />A Capital Stock Company <br /> <br />BID BONO <br />Approved by The American Institute of ~cJtitects, <br />A. I. A. Document A 310 Feb. 1970 1Ifition <br /> <br />H <br />~ <br /> <br />(NOW ALL MEN BY THESE PRESENTS. that we The Redland Company Inc. <br />23799 SW 167 Avenue, Homestead, Fl. _33031 <br /> <br />as Principal, hereinafter called the Principa <br />md the ST. PAUL FIRE AND MARINE INSURANCE COMPANY, a corporation duly organized under the laws of tb <br /> <br />3tate of Minnesota as Surety, hereinafter called the Surety, are held and fIrmly bound unto <br /> <br />""- <br /> <br />City of Sunny Isles Rp~c~, Florida <br /> <br />as Obligee, hereinafter caUed the Obligel <br /> <br />in the sum of <br /> <br />5% of Bid Amount <br /> <br />DoUa <br /> <br />($ 5 % of Bid ), for the payment of which sum weU and truly to be made, the said Principal and the said Suret <br />bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, fmnly by these present <br /> <br />WHEREAS, the Principal has submitted a bid for <br /> <br />Construction of thp r,nlnpn ~hnrp~ <br /> <br />~~~ <br /> <br />Drainaqe and Street Improvements - City of Sunny t~lp.!=: <br /> <br />NOW, THEREFORE, if the Obligee shaU accept the bid of the Principal and the Principal shaU enter into <br />contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified <br />th< bidding or contract documents with go<?d and sufficient surety for the faithful performance of such contract arid I <br />:~~e prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of 1 <br />l'iiadfoo11 LV ~nter such contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference r <br />to exceed the penalty hereof between the amount specined in said bid and such larger amount for which the Obligee n <br />in good faith contract with another party to perform the work covered by said bid, then this obligation shall be null a <br />void, otherwise to remain in full force and effect. <br /> <br />Signed and sealed this <br /> <br />11 <br /> <br />day of <br /> <br />. January <br />THr. RlWL\~1) CO:\JPAl\ry. N"C. <br /> <br />',?/4~ ~. <br /> <br />(Principal) <br /> <br />Wtt- /l(t~idfYLt' . <br />(TItle) <br /> <br />A. D. 19/.2..0 <br /> <br />YJJl~d' tJ,. '1K1Ut-- <br />( Witness, <br /> <br /> <br /> <br />~~ <br /> <br />t <br />j <br /> <br />(S. <br /> <br />(Wilness) <br /> <br />ty <br /> <br />St. Paul Fire and Marine Insurance Company <br />(Surety) <br /> <br />(~ <br /> <br />Thomas R. <br /> <br /> <br />13250 Rey. 5-79 Pl'lnted In U.S.A. <br /> <br />Printed with pennissfon of The American Institute of Archite <br />