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,.., -,. ,., _t. BID BOND 11 I City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, FL 33160 Telephone: (305) 947.0606 Fax: (305) 949-3113 I STATE OF FLORIDA Miami - COUNTY OF Dade KNOW ALL MEN BY THESE PRESENTS, that we,ABC CONSTRUCTION, INC. as Principal, and The Guarantee Company of North America USA , as Surety) are held an!! firmly bound unto the Citl6l{ Sunny Isles Beach, a municipal corporation of the State of Florida in the sum of 10% or Amount B~d Dollars ($ "0 1, lawful money of the United States, for the payment of which sum well and truiy to be made, we bind ourselves, our heirs, executors, administrators and successors Jointly anel severally, firmly by these presents. I I I THE CONDITION OF THIS OBLIGATION IS. SUCH that whereas the Principal has submitted the accompanying Bid elated, June 1 201~ for' JlliLLA h:>JA BAY PARK IMPROVEMENTS; PROJECT NO. 11-05-01 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 the Base Bid be submitted with said Bid as a guarantee that the Proposers would, if awarded the Contrad, enter into a written Contract with the City for the performance of said Contrad, within ten (10) consecutive calendar days after written notice having been given of the Award of the Contrad. I NOW, THEREFORE, the conditions of this obligation are such that if the Principal within ten (10) consecutive calendar days after written notice of such acceptance, enters into a written Contract with the City of Sunny Isles Beach and furnishes the Performance Bond, satisfactory to the City, each in an amount equal to one hundred percent (100%) of the Contract Price, and provides all required Certificates of Insurance, then this obligation shall be void; otherwise the sum herein stated shall be due and payable to the City of Sunny Isles Beach and the Surety herein agrees to pay said sum immediately, upon demand of the City, in good and lawful money of the United States of America, as liquidated damages for failure thereof of said Principal. IN WITNESS WHEREOF, the above bonded parties have executed this instrument under their several seals this 1st day of June ,20~, the name end the corporate seal of each corporate party being hereto affixed and these presents being duly signed by its undersigned representative. I I r"l . IN PRESENCE OF: ABC Construction, Inc. Individual or Partnership Principal (Corporate) 7280 Northwest 8th Street Business Address Miami, Florida 33126 City, State, and Zip Code (305) 663-0322 Business Telephone ~~""NUES ON NEXT PAGE By. ~\\\ Affix Corporate Seal Jorge Gonzalez, President I I I (305) 267-2403 Business Facsimile n - ATTEST: The Guarantee Company of North America USA (Corporate Surety)' As per attached Power of Attorney Se~~ I *Impress Corporate Seal By: IMPORTANT Charles D. Nielson, Attorney-in-Fact ..., I Surety companies executing bonds must appear on the Treasury Department's most current list (circular 570 as amended) and be authorized to transact business in the State of Florida. fl . DECEMBER 28, 2010 8 of 10 .., .