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<br />11(A VELERS CASUALTY AND SURETY COMPANY OF AMERICA <br />FEDERAL INSURANCE COMPANY <br />FIDELITY AND DEPOSIT COMPANY OF MARYLAND <br />ZURICH AMERICAN INSURANCE COMPANY <br />LIBERTY MUTUAL INSURANCE COMPANY <br /> <br />March 26, 2009 <br /> <br />Mr. Rick Conner <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beacb, FL 33160 <br /> <br />Re: 13ovio5 LeniLeao5e, Inc. <br />Heritage Park and Parking Gai"age <br /> <br />Dear Mr. Conner <br /> <br />Travelers Casualty and Surety Company of America, rated "A + ", FSC "XIV", by A.M. <br />Best, Federal Insurance Company rated "A++ ", FSC '''XV'', by A.M. Best, Fidelity' and <br />Deposit Company of Mal)lland rated "A ", FSC "XV" by A.M. Best, Zurich American <br />Insurance Company, rated "A ", FSC "XV", by A.M. Best, and Liberty Mutual Insurance <br />Company, rated "A ", FSC "XV", by A.M. Best, all licensed to do business in the state 0/ <br />Florida, acting as Sureties for 13cJVis Lend Lease, Inc., have been providing bid andflnal <br />bond~-.ror both public and private work. <br /> <br />Bovis Lend Lease, Inc. and its affiliated companies are part 0/ an overall bonding <br />progrant with a capacity up to $2.5 Billion. Peljormance and payment bonds have been <br />provided for projects up to and including a single contract in excess 0/ $250 Million. <br />111ey have an outstanding reputation/or successful completion 0/ projects. <br /> <br />We consider Bovis Lend Lease, Inc. highly qualified to provide construction services. <br />Please note that the decision to issue performance and payment bonds is a malter <br />between Bovis Lend Lease, Inc. and the Sureties, and will be subject to our standard <br />underwriting at the time 0/ the final bond request, which will include but not be limited <br />to the acceptability of the contract documents, bond/orms andfinancing. We assume no <br />liability to third parties or to you iffor any reason we do not execute said bonds. <br /> <br />TRAVELERS CASUALTY AND <br />SURETY COMPANY OF AMERICA <br /> <br />FEDERAL INSURANCE COMPANY <br /> <br />,/'J,.. . i ..~..<, <br />(' ,: II' ,.... ". <br />By:---LttiJlJJ..J. .-..... '. /; <br />Caiherine Thol11] 'of(Attorney- <br /> <br /> <br />/'...... , <br /> <br />/,' . I' . . <br />I! ,." ".. <br />& .. .. #"\ .\ <br />By: a-. lM..1LC_...; 'Y'L) <br />Catherine Thomp~1,/Attorney-I1-Fact <br /> <br />.:. ,J <br /> <br />Page 1 0/2 <br />