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<br />BID BOND <br /> <br />o <br /> <br />Conforms with The American Institute of <br />Architects. A.I.A. Document No. A.310 <br /> <br />KNOW ALL BY THESE PRESENTS, That we, JIMMIE CROWDER EXCAVATING & LAND CLEARiNG. INC. <br /> <br />901 Geddie Road <br /> <br />Tallahassee, Florida 32304 <br /> <br />as Principal, hereinafter called the Principal, <br /> <br />and the ARCH INSURANCE COMPANY <br /> <br />of 3 Parkway, Suite 1500, Philadelphia. PA 19102 <br /> <br />, a corporation duly organized under <br /> <br />the laws of the State of Missouri <br /> <br />, as Surety, hereinafter called the Suret)', are held and rumly bound unto <br /> <br />CITY OF SUNNY ISLES BEACH, FLORIDA <br /> <br />as Obligee, hereinafter called the Obligee, <br /> <br />in the sum of Five percent of the largest amount for which awerd can be made under the accompanying bid <br /> <br />Dollars ($ 5% ) ,for the payment of which sum well and truly to be made, the said Principal and the said <br />Surety, bind ourselves. OUI heirs. executors, administrators, successors and assigns, jointly and severally, firmly by these presents. <br /> <br />\\o'HEREAS, the Principal has submitted a bid for EMERGENCY DEBRIS CLEARiNG AND REMOVAL OPERATIONS <br /> <br />o <br /> <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract \~;th the Obligee in <br />accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents with <br />good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material furnished in <br />the prosecution thereof, or in the e\'ent of the failure of the Principal to enter such Contract and give such bond or bonds, if the <br />Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such <br />larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid, then this <br />obligation shall be null and void, otherwise to remain in full force and effect. Thi s Bid Bond shall remai n in full force and effect <br />for 90 days. <br /> <br />Signed and sealed this <br /> <br />12th <br /> <br />day of <br /> <br />August <br /> <br />2008 <br /> <br />Witness <br /> <br />JIMMIE CROWDER EXCAVATING &. LAND <br />CLEARING. INC. (Seal) <br />Principal <br /> <br /> <br />OJOOQ <br /> <br />Teresa Blunk <br /> <br /> <br />{ <br /> <br />Title <br /> <br />Witness <br /> <br />{ <br /> <br /> <br />Attorney-in-Fact <br /> <br />S'0054IGEEF 1197 <br /> <br />() <br /> <br />12 I P age <br />