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<br />___ .__..___...__ _ __.._.______.._____ _____._.____.___.._a~... <br /> <br />c <br /> <br />SECTION 8 <br />BID BOND <br /> <br />STATE OF FLORIDA <br /> <br />COUNTY OF Wa..~- ~ <br /> <br />KNOW ALL MEN BY THESE PRESENTS, that wa, TIC Grin::iing ~ces Ire. as Principal, and <br />li1:erty t1l1:ll3l Insurarce C'a1umv . as Surety, are held and firmly bound unto the <br />City of Sunny Isles Beach, a municipal corporation of lhe State of Florida in lhe sum of <br />Five Perca1t (5%) of tiE krnmt Bid--EloIIaJ'S ($ ). lawful money of the United States, for the payment <br />of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators and successors <br />jointly and severally, firmly by these "presents. <br /> <br />THE CONDITION OF THIS OBLIGATION IS SUCH that whereas the Principal has submitted the aCCCXilpanying Bid <br />dated, 8/12/08 2008 for: RFP #ff3-07 -01 - . <br /> <br />c <br /> <br />WHEREAS, it was a condition precedent to the submission of said Bid that a cashier's check or Bid Bond in the <br />amount of live percent (5%) of the Base Bid be submitt.ed with said Bid as a guarantee that the Proposer would, " <br />awarded the contract, enter into a written Contract with the City for the performance of said Contract, within ten (10) <br />consecutive calendar days after written notice having been giv~n of the Award of the Contract. <br /> <br />NOW, THEREFORE, the conditions of this obligation are such that If the Principal within ten (10) consecutive <br />calendar days after written notice of such acceptance, enters into a written Contract with the City of Sunny Isles <br />Beach and furnishes the Performance and Payment Bonds, satisfactory to the City, each in an amount equal to one <br />hundred percent (100%) of lhe Contract Price, and provides all required Certificates of Insurance, then this obligation <br />shall be void; otherwise the sum herein stated shall be due and payable to the City of Sunny Isles Beach and the <br />Surety herein agrees to pay s!idsum immediately, upon demand of the City, in good and lawful money of the United <br />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 their several seals this <br />. 12 (lay of k.gust. ,2008, the name and the corporate seal of each corporate party <br />being hereto affixed and these preSents belng duly signed by its undersigned representative. <br /> <br />DOCUMENT CONTINUES ON NEXT PAGE <br /> <br />\ <br />I <br />C <br /> <br />50 <br />