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4, SPATE OF FLORIDA COUNTY OF DADS SECTION 00432 BID BONA KNOW ALL MEN BY THESE PRESENTS, that wc, LANDSCAPE SERVICE PROFESSIONALS,, ANC. Principal, andWESTFIELD INSURANCE COMPANY as Surety, are held and firmly bound unto the City of Sunny Isles Beach, a municipal corporation of the State of Florida in the sum of FT TF FUr z (a I—ITT)Dollars (S 5% of bid ), lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators and successors _jointly and severally, firmly by these presents, THE CONDITION OF THIS OBL JGATION IS SUCH that whereas the Principal has submitted the accompanyyin Bid dated AENIEIQ7'S— F'I'AN'r 20 05 for: LAND CAPE I IC 1SLE BIIT NO: 05 -04 -02 WHEREAS, it was a condition precedent to the submission of said Bid that a cashier's check or Bid Bond in the amount of five percent (5 %) of the Base Bid be submitted with said Bid as a guarantee that the BIDDER would, if awarded the Contract, enter into a written Contract with the City for the performance of said Contract, within ten (10) consecutive calendar days after written notice having been given of the Award of the Contract_ NOW, THEREFORE, the conditions of this obligation arc such that if the Principal within ten (I0) consecutive calendar days after written notice of such acceptance, enters into a written Contract with the City of Sunny Isles Beach and furnishes the Performance and Payment Bonds, satisfactory to the City, each in an amount equal to one hundred percent (100 %) of the Contract Price, and provides all required Certificates of insurance, 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 Suretyhcrein agrees to pay said sum .immediately, upon demand of the City, in good and lawful money of the United States of America, as liquidated damages for failure thereof of said Principal. 00432 - 1