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<br />'. TRAVELERS'r' <br /> <br />~ <br /> <br />April 3, 20D9 <br /> <br />City of Su~ny Isles Beach . <br />Government Center <br />18070 Collins Av~nue <br />1 st Floor Conference Room <br />Sunny Isles Beach, FL 33160 <br /> <br />Sjl)il)'~J~ <br /> <br />Re: Pavarini South East Construction Co., Inc. <br />Professional Construction Services for <br />the Heritage Park and Parking Garage <br /> <br />The Travelers Casualty and Surety Company of America, a corporation under the laws <br />of the State of Connecticut, with an office and place of business in Hartford, Connecticut, <br />represents Pavarini South East Construction Co., Inc. for their surety bonding needs. Pavarini <br />South East Construction Co., Inc. has demonstrated a strong performance record based on sound <br />planning, close project control, a~d knowledge of their client's requirements. ' <br /> <br />At the present time Travelers Casualty and Surety Company of America is in a position to <br />consider projects as large as $500,000,000 within a $950,000;000 program. Please understand <br />this is neither a ~ommitment nor a limitation on the bond capacity ofPavarini South East <br />Construction Co., Inc, but should be viewed rather as a general guideline. As always Travelers <br />Casualty and Surety. CQmpany of America reserves the right to perform normal underwriting at <br />the time of the final bond request, to include, but not limited to the acceptability 'of the project <br />contract documents, bond forms and financing. In addition, there has been no bond invoked in <br />the history of Pavarini South East Construction Co., Inc.' s surety program. <br /> <br />. . <br />. Travelers C~sualty and Surety Company of America believes Pavarini South ~ast Construction <br />Co., Inc. possesses experience, financial responsibility, and high integrity. If you have any <br />questions or need any additional information, please do not hesitate to contact me. Though this <br />letter is not a, commitment to provide bonds for the subject project, should we receive a request <br />from Pavarini SouthEast Construction Co., Inc. ,to do so, we would review the request positively. <br /> <br />Sincerely, <br /> <br />TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA <br />A,M, BEST Rating A+, Financial Rating XIV <br />On~ ~squ:e, 3PB, H~ford, Connecticut 06183 <br /> <br />/~ <br /> <br />Natalie ~eingol Attorney-In-Fact <br /> <br /> <br />~ <br /> <br />- <br /> <br />. . <br />