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<br />- <br /> <br />... <br /> <br />. <br />.~6i20/2008 15:51 g543153859 <br /> <br />HEAOOUARTER <br /> <br />PAGE 04/06 <br /> <br />** AfIraval of R:rla:rrBn:e am PajfiB1t b::n:ls are slbjed: to tiE tenn rot ~~ m ** <br />~A:j erE ~. <br /> <br />SECTION 8 <br />BID BOND <br /> <br />STATE OF flORIDA ) <br />) <br />COUNTY OF ) <br /> <br />KNOW ALL MEN BY THESE PRESENTS, that we, &:Lte 'ltu:h, IIC d:l3. Bl' Cl::rlrrercial Cl:::.t1t:rc:ct <br />as principal, and I:E\.ela:Ers ~ JrPty ;UTI l:rrl=m1i ty ~~7 ' <br />as Surety I are held and firm\y bound unto the City of Sunny Isles BeaCh, a mu~1 <br />corporatIOn of the State of Rorida In the sum of NJt to ~ 5% of t-rJIr:! 1 ;m rl- <br />Dollars ($ ), lawful money of the United States, for the payment of which <br />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 /> <br />THE CONOmON OF THIS OBLIGATION IS sUOt that whereas the Prindpal has <br />submitted the accompanying Bid dated, 2007 for: <br />Janitorial ~CFR :fur tffi (j~ of ~nw TR1P!': ~ <br /> <br />WHEREAS, it was a ooncfltlon precedent to the submission of said Bid that a cashier's <br />check or BId Bond in the amount of five percent (50/0) of the Base Bid be submitted with <br />said Bid as a guarantee that the Bidder would, If aWi!lrcted the Contrclct,. enter Into a <br />written Contract with the City for the performance of said Contract, within ten (10) <br />consecutiVe calendar days after written notice having been given of the Award of the <br />Contract. <br /> <br />NOW, THEREFORE, 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 Perfonnance <br />and Payment Bonds, satisfactory to the CIty, each In an amount equal to one hundred <br />percent (1000/0) of the Contract Price, and provides all required CerUflcatBs of <br />Insurance, then this obligation shall be void; otherwise the sum herein stated shall be <br />due and payable to the Oty of Sunny Isles Beach and the Surety herein agrees to P2lY <br />said sum Immediately, upon demand of the Oty, in good and lawful money of the <br />United States of America, as liquidated damages for failure thereof of said Princlpal. <br /> <br />IN WITNESS WHEREOF, the above bonded parties have executed this instrument under <br />their several seals this 23n:l day of Jl.IE .20 08 , the <br />name and the corporate seal of each corporate party being hereto aMxed and these <br />presents beIng du1y Signed by Its undersIgned representative. <br /> <br />DOCUMENT COtmNUES ON NEXT' PAGE <br /> <br />PM2 49 O~ 7B <br />