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<br />c <br /> <br />c <br /> <br />c. <br /> <br />l'lAY-10-2011 07:42A FROI1:COASTAL CONTRACTI~jG 9549274480 <br /> <br />TO: 13053284838 <br /> <br />P.2 <br /> <br /> <br />BID BOND <br /> <br />City of Sunny Isles Beach <br />16070 Collins Avenue <br />Sunny Isles Beach, FL 33160 <br />Talaphone: (305) 947-0608 Fax: (305) 949-3113 <br /> <br />STATE OF FLORIDA <br /> <br />Dade <br />COUNTY OF Coastal Contracting & <br /> <br />KNOW AI.L MEN .BY ~~ESE PRESENTS, thai we, Development, Inc. as PrincIpal, and <br />SureTec Insurance Gomp y , as Surely, are held and firmly bOlJnd unto the City of Sunny Isles <br />Beach, a munIcipal corporaUon of the State of Florida In the sum of Ten Percent of Amount Bid Dollars (5 * I, lawful <br />money of the United States. for lhe payment 01 whIch sum well and truly 10 be made, we bind ourselves, our heIrs, executors, adminIstrators <br />and successors Jointly and severally, firmly by these presenls. *10% of Amount Bid <br /> <br />THE CONDITJ01N OF THIS OBLIGATION IS SUCH that whereas the Prlnclpal has submtlled Ihe accompanYIng Bid daled, <br />June 1, 201 2010 for: . t N b 11 05 01 <br />Bella Vista Bay Park Improvements, ProJe~ um er - - <br /> <br />WHEREAS, It was a condition precedent to the submission of said Bid that a cashIer's check or BId Bond in the amount of five percent (5%) of <br />the Base BId be submllted wllh saId Bid as a guarantee that the Proposers would, if awarded the Contract, enler Into a wrlllen Conlract wllh <br />the City for the performance of saId Contract, withIn len (10) consecullve calendar days after written nollce having been given of the Award of <br />the Contract. <br /> <br />NOW, THEREFORE, the condWons of this obligation are such (hat If the Principal within ten (10) consecuUve calendar days after written <br />nollce of such acceptance, enters Into a written Contract with the City of Sunny Isles Beach and furnishes the Performance Bond, sallsfactory <br />to the City. each In an amount equal to one hundred percent (100%) of the Contract Price, and provides all required Certificates of Insurance, <br />then thIs obligation shall be voId; otherwIse the sum herein staled shall ba due and payable 10 Ihe ClIy of Sunny Islas Beach and the Surety <br />herein agrees to pay saId sum Immediately, upon demand of the Cily, In good and lawful money of the United States of America, as liquidated <br />damages for failure thereof of said Principal. <br /> <br />IN WJU'/&S WHEREOF. the above bonded parties have executed this Inslrument under their several seals this 1 st day <br />of .20~, the name and the corporata seal of each corporale party befng hereto affixed anclthese presents <br />being duly signed by Its undersigned representallve. <br /> <br /> <br />DOCUMENT CONTINUES ON NEXT PAGE <br /> <br />tra ing & Development, Inc. <br /> <br />Affix Corporate Seal <br /> <br />954-927 -4480 <br /> <br />BusIness Telephone <br /> <br />BusIness Facsimile <br /> <br />ATIEST: <br />SureTec Insurance Company <br />(Corporate Surety)' <br /> <br />'Impress Corporale Seal <br /> <br />As per attached power of attO~Qftey. <br />Secretary <br /> <br />By: d/\f V <br />Warren . Alter;Atlorney-in-Fact <br /> <br />IMPORTANT <br /> <br />Surety companies executing bonds must appear on the Treasury Department's most current list (cIrcular 570 as amended) end be aulhorlzed <br />to transact business In the Slate of Florida. <br /> <br />DECEMBER 28, 2010 <br /> <br />B of 10 <br />