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<br />Bond 6652782
<br />
<br />PAYMENT BOND
<br />
<br />Conforms with Thc American Institute of Architects
<br />
<br />AlA Documcnt A312
<br />Any singular rcferencc to Contractor, Surety, Owner or other party shall be considered plural whcre applicable.
<br />CONTRACTOR (Name and Address): SURETY:
<br />
<br />Coastal Construction of Monroe, Inc. d/b/a Coastal Construction Company
<br />5959 Blue Lagoon Drive
<br />Miami, FL 33126
<br />
<br />Safeco Insurance Company of America
<br />Safeco Plaza, Seattle, WA 98185
<br />
<br />Branch Location
<br />2055 Sugarloaf Circle, Duluth, GA 30097
<br />
<br />OWNER (Name and Address):
<br />
<br />City of Sunny Isles Beach
<br />18070 Collins Avenue
<br />Sunny Isles Beach, FL 33160
<br />
<br />CONSTRUCTION CONTRACT
<br />Datc:
<br />Amount: $6,600,040.00 Six Million Six Hundred Thousand Forty Dollars and 00/100
<br />
<br />Description (Name and Location): Heritage Park and Parking Garage - Five Level Parking Garage and 3 Acre Park
<br />
<br />BOND
<br />
<br />Date (Not earlier than Construction Contract Date): July 8, 2009
<br />Amount: $6,600,040.00 Six Million Six Hundred Thousand Forty Dollars and 00/100
<br />
<br />Modifications to this Bond: 0 None
<br />
<br />CONTRACTOR AS PRINCIPAL
<br />Company:
<br />
<br />b/a Coastal Construction Company
<br />
<br />
<br />Signature:
<br />Name and Title: ~'6.l.. &, ....,\.f,,~
<br />P~C,1064VT
<br />
<br />SURETY
<br />
<br />
<br />Safeco Insurance Company of America
<br />
<br />Signature@?di\~ Mt~l i
<br />Name and Ti~t Gerard S~ Macholz
<br />Attorney-in-Fact
<br />
<br />(FOR INFORMATION ONLY-Name, Address and Telephone)
<br />AGENT or BROKER:
<br />RFF & Associates, Inc.
<br />1001 Franklin Avenue, Suite 208
<br />Garden City, NY 11530
<br />516-414-8900
<br />
<br />1 The Contractor and the Surety, jointly and severally, bind
<br />themselves, their heirs, executors, administrators, successors and
<br />:lssigns to the Owner to pay for labor, materials and equipment
<br />rumished for use in the performance of the Construction Contract,
<br />which is incorporated herein by reference.
<br />
<br />2 With respect to the Owner, this obligation shall be null and
<br />void if the Contractor:
<br />
<br />2.1 Promptly makes payment, directly or indirectly, for all
<br />sums due Claimants, and
<br />2.2 Defends, indemnifies and holds harmless the Owner
<br />
<br />S-2149GE 012008
<br />
<br />OWNER'S REPRESENTATIVE (Architect, Engineer or other
<br />party):
<br />
<br />from claims, demands, liens or suits by any person or entity
<br />whose claim, demand, lien or suit is for the payment for labor,
<br />materials or equipment fumished for use in the performance of
<br />the Construction Contract, provided the Owner has promptly
<br />notified the Contractor and the Surety (at the address
<br />described in Paragraph 12) of any claims, demands, liens or
<br />suits and tendered defense of such claims, demands, liens or
<br />suits to the Contractor and the Surety, and provided there is no
<br />Owner Default.
<br />
<br />3 With respect to Claimants, this obligation shall be null
<br />
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<br />XDP
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