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Reso 2016-2588
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Reso 2016-2588
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Last modified
9/27/2016 10:09:39 AM
Creation date
9/27/2016 10:09:34 AM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2016-2588
Date (mm/dd/yyyy)
09/15/2016
Description
Ratify Agmt w/Southern Underground for Small Construction Projects
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• I <br /> BID BOND• <br /> • City of Sunny isles Beach <br /> * .. 18070 Cotens Avenue <br /> `° „a s Sunny Islas Beach,FL 33160 <br /> �•,•• 7-wep„one:(305)947-0606 Fan 1305)949-3113 <br /> STATE OF FLORIDA <br /> Miami-Dade <br /> COUNTY OF ) <br /> KNOW ALL MEN BY THESE PRESENTS, that we, Soath4rn Underground lndusuks.Inc. as Prindpat, and <br /> Endurance Reinsuragce Corporation of America as Surety, are held and firmly bound unto the City of Sunny isles <br /> Beach,a municipal corporation of the State of Florida In the sum of Five Pcrcent of Bid Dollars(S 5% ),lawful <br /> money of the United States•for the payment of which sum well and truly to be made,we bind ourselves,our heirs.executors,administrators <br /> and successors jointly and severally,firmly by these presents. <br /> THE CONDITION OF THIS OBLIGATION IS SUCH that whereas the Principal has submitted the accompanying Bid dated, <br /> 12/3114 2010 for. <br /> Small Construction Projects•ITS No.14.10.02 <br /> WHEREAS,it was a condition precedent to the submission of said Bid that a cashier's check or Bid Bond in the amount of Ave percent(5%)of <br /> 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 <br /> the City for the performance of said Contract,within ten(10)consecutive calendar days after written notice having been given of the Award of <br /> the Contract. <br /> NOW,THEREFORE,the conditions of.this obligation are such that if the Principal within ten(10)consecutive calendar days after written <br /> notice of such acceptance,enters into a written Contract with the City of Sunny Isles Beach and furnishes the Performance Bond,satisfactory <br /> to the CiTy,each in an amount equal to one hundred percent(100%)of the Contract Price,and provides all required Certificates of Insurance, <br /> 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 <br /> 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 <br /> damages for failure thereof of said Principal. <br /> IN WITNESS WHEREOF, the above bonded parties have executed this instrument under their several seals this a day <br /> of D`rembcr ,20 19 the name and the corporate seal of each corporate party being hereto affixed and these presents <br /> being duly signed by its undersigned representative. <br /> DOCUMENT CO T' ' ' ON NEXT PAGE <br /> ‘otlfld <br /> IN PRESENCE OF: Do pi FIOrya, • <br /> SOUTHERN UNDERGROUND INDUSTRIES,iNC C y OmC18, -■ 41110 <br /> co <br /> Individual or Partnership Principal Tit• •- ' Seal , y <br /> fA <br /> 3453 N.w.44th stmt,8205 v ` <br /> Zp0 <br /> Business Address y/7 <br /> Fort fauderda!e,FL 33309 —s <br /> City,State.and Zip Code <br /> (9:9)639.4699 <br /> Business telephone Business Facsimile <br /> ENNDURAf4 C8'kE tNS URA N CE <br /> CORPJOAATIONVF AMERICA-7----1 -, • <br /> `' Ness_-.w�r -.,c` ,' �r Secretary <br /> Charles I.Nieiron.Atry. (Corporate Surety)'1•:: .-- <br /> In•Part <br /> By <br /> 'Impress Corporate Seal <br /> IMPORTANT <br /> Surety companies executing lands must appear on the Treasury Department's most current list(circular 570 as amended)and be authorized <br /> to transact business in the State of Florida. <br /> o10Erara H.2010 B of 10 <br /> - L <br /> f w_r <br />
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