Laserfiche WebLink
<br />SECTION 00432 <br /> <br />This Bond Complies with the <br />Terrorism Risk Insurance Act of <br />2002 (TRIA), <br /> <br />BID BOND <br /> <br />STATE OF FLORlDA <br /> <br />COUNTY OF DADE <br /> <br />KNOW ALL MEN BY THESE PRESENTS, that we, Vila & Son Landscaping Corp. , as <br />Pnnclpal, and Westfield Insurance Company , as Surety, are held <br />and firmly bound unto the City of Sunny Isles Beach, a municipal corporation of the State of Florida in the sum of _ <br />Five Percent of Amount Bid Dollars ($ 5% ), lawful money of the United States, for the <br />payment of which sum well and truly to be made, we bind ourselves, our heus, executors, administrators and successors <br />JOIntly and severally, firmly by these presents <br /> <br />THE CONDITION OF THIS OBLIGATION IS SUCH that whereas the Principal has submitted the <br />accompanYll1g Bid, dated May 5th , 2005 <br />for: Landscape Improvements for Atlantic Isle, Bid No. 05-04-02 <br /> <br />WHEREAS, it was a condinon precedent to the subl11lssion of said Bid that a cashier's check or Bid Bond in the amount <br />of five percent (5%) of the Base Bid be submitted with said Bid as a guarantee that the BIDDER would, if awarded the <br />Contract, enter mto a wntten Contract with the City for the perfoffiumce of said Contract, v.ithin ten (10) consecutive <br />calendar days after "'mtten notice having been given of the Award of the Contract. <br /> <br />NOW, THEREFORE, the conditions of this obligation are such that if the Principal Within ten (10) consecutive calendar <br />days after wntten nonce of such acceptance, enters into a written Contract v.ith the City of Sunny Isles Beach and <br />furnishes the Performance and Payment Bonds, satisfactory to the City, each in an amount equal to one hundred percent <br />(100%) of the Contract Pnce, and provides all required Certl ficates of Insurance, then this obligation shall be void; <br />otherwise the sum herem stated shall be due and payable to the City of Sunny Isles Beach and the Surety herein agrees <br />to pay Said sum immediately, upon demand of the City, In good and lawful money of the United States of Amenca, as <br />lIquidated damages for faIlure thereof of said Pnncipal. <br /> <br />it"- ~ P'>1; <br />,\) ~ t~ <br /> <br />00432 - I <br />