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<br />Bond No. 70539256 <br /> <br />SEmON 8 <br /> <br />BID BOND <br /> <br />STATE OF FLORIDA <br /> <br />Stockton Maintenance Group, Inc. <br />KNOW ALL MEN BY THESE PRESENTSr that we, 1975.sansburyway, Suite 116, Hest Palm Bea~~liL <br />as Principalr and Hestern Surety Corrpany, PO Box 5077, SlOUX Falls, SD 57117-5077 I <br />as Suretyr are. held and firmly bound unto the City of Sunny Isles Beach, a municipal <br />corporation of the State of Florida in the sum of five percent (5%) of annunt bid <br />Dollars ($ 5% of bid )r lawful money of the United Statesr for the payment of which <br />sum well and truly to be mader we bind ourselvesr our heirsr executors, administrators <br />and successors jOintly and severallYr firmly by these presents. <br /> <br />) <br />) <br />) <br /> <br />COUNn' OF <br /> <br />THE CONDmON OF THIS OBUGATION IS SUCH that whereas the Principal has <br />submitted the accompanying Bid dated, June 24, 2008 XOOX for: <br />l.J.ndscaflc Maintenance Service Agrement . <br /> <br />WHEREASr it was a condition precedent to the submission of said Bid that a cashier's <br />check or Bid Bond in the amount of five percent (5%) of the Base Bid be submitted with <br />said Bid as a guarantee that the Bidder would, if awarded the Contractr enter into a <br />written Contract with the City for the performance of said Contractr within ten (10) <br />consecutive calendar days after written notice having been given of the Award of the <br />Contract. <br /> <br />NOWr THEREFOREr the conditions of this obligation are such that if the Principal within <br />ten (10) consecutive calendar days after written notice of such acceptance, enters into <br />a written Contract with the City of Sunny Isles Beach and furnishes the Performance <br />and Payment Bonds, satisfactory to the City, each in an amount equal to one hundred <br />percent (100%) of the Contract Price, ahd provides all required Certificates of <br />Insurance, then this obligation shall be void; otherwise the sum herein stated shall be <br />due and payable to the City of Sunny Isles Beach and the Surety herein agrees to pay <br />said sum immediately, upon demand of the City, in good and lawful money of the <br />United States of America, as liquidated damages for Failure thereof of said Principal. <br /> <br />IN WITNESS WHEREOF, the above bonded parties have executed this instrument under <br />their several seals this . 23rd day of June ,2.0 08 , the <br />name and the corporate seal of ea.ch corporate party being hereto affixed and these <br />presents being duly signed by its undersigned representative. <br /> <br />DOCUMENT CONTINUES ON NEXT PAGE <br />