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<br />12-04-'08 10:36 FROM-WEEKLEY ASPHALT <br /> <br />9546808671 <br /> <br />T-037 P003/004 F-181 <br /> <br />. <br /> <br />SECTION 8 <br /> <br />BID BOND <br /> <br />Sf ATE OF FlORIDA ) <br />Miami-Dade) <br />COUNTY OF ) <br /> <br />Weekley Asphalt Paving, ~n~. <br />KNOW ALL MEN BY THESE PRESENTS, that we, - as Principal, and <br />Western Surety Comp~ny . as Surety, are held and firmly bound <br />unte;> the City of Sunny If"'es Beach, a municipal ~orporatiol'\ 9f the State of Florida in the sum of <br />__.~.~_Y'e percent 0 _._~~_~ Dollars ($ 5., of 9!-~Wful money of the United States, for <br />the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, <br />administrators and successors jointly and severally, firmly by these presents. <br /> <br />THE CONDITION OF THIS OBUGATION IS SUCH that whereas the Principal has submitted the <br />a(;(:.Qml2oI1'ling Bid dated,. Dec ~ th 2008 for: <br />SR 'AI P:....L --C-oTlrr.s i\v e.~.~.~e Streetscape (from 1 ~_~!_~__.st to Tflm 'Lehan Cswy) <br /> <br />WHEREAS, it was a condition precedent to the submission of said Bid lhat a cashier's check or Bid Bond <br />in the amount of five percent (5%) of t.he Base Bid be submitted with said I3id as a guarantee that the <br />Bidder would, if awarded the Contract, enter into a written Contract with the City for the performance of <br />said Contract, within ten (10) conseculive c;alendar days after written notice having been given of the <br />Award of the Contract. <br /> <br />NOW, THEREFORE, the conditions of this obligation are Such that jf the Principal within ten (10) <br />consecutive calendar days after wrilten notice of stich acceptance, enters into a written Contract with the <br />City of Sunny Isles Beach and furnishes the Performance and Pttyment Bonds, satisfactory to the Gty, <br />each in an amount equal to one hundred percent (100%) of the Contract Price, and provides an required <br />Certificates of InSUrance, then this obligation shall be void; otherwise the sum herein stated 5hall be due <br />and pay~ble to the City of Sunny ISles Beach and the Surety l1erein ngrees to pay said sum immediately, <br />upon demand of the City, in good and lawful money of the United States of America, as liqlJidate<l <br />damages for fililure thereof of S;;tid Principal. <br /> <br />IN WITNESS WHEREOF, the above bonded parties have e:xecutcrd this instrument under their several <br />seals this 8th day oC. December 20~ l11e name and the corporate seal <br />of each corporate party being hereto affixed and these presents being duly signed by its undersigned <br />representative. <br /> <br />DOCUMENT CONTINUES ON NEXT PAGE <br /> <br />P...c~ 50 OF 130 <br />BID No. 08-10-01 <br />