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<br />. <br /> <br />. <br /> <br />I <br />I <br /> <br />BID BOND <br /> <br />Conforms with The American Institute of <br />Architects, A.I.A. Document No. A-310 <br /> <br />KNOW ALL BY THESE PRESENTS, That we, USA Shade & Fabric Structures, Inc. <br /> <br />P.O. Box 560168, Dallas, Texas 75356 <br /> <br />as Principal, hereinafter called the Principal, <br /> <br />and the Continental Casualty Company <br /> <br />of 333 S. Wabash Ave., Chicago, IL 60604 <br /> <br />, a corporation duly organized under <br /> <br />the laws of the State of <br /> <br />Illinois <br /> <br />, as Surety, hereinafter called the Surety, arc held and finnly bound unto <br /> <br />City of Sunny Isles Beach, 18070 Collins Avenue, Sunny Isles Beach, FL <br /> <br />as Obligee, hereinafter called the Obligee, <br /> <br />in the sum of *** FIVE PERCENT OF TOTAL AMOUNT BID *** <br /> <br />Do liars ( 5% TAB ) ,for the payment of which sum well and truly to be made, the said Principal and the said <br />Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, finnly by these presents. <br /> <br />WHEREAS, the Principal has submitted a bid for <br /> <br />Gnlchm ~hnrp-~ Park, ~lInny 1~Ip-s Rp-ach, Flnrida <br /> <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee in <br />accordance with the tenns of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents with <br />good and sufficient surety for the faithful perfonnancc of such Contract and for the prompt payment of labor and material furnished in <br />the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, ifthe Principal <br />shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount <br />for which the Obligee may in good faith contract with another party to perfonn the Work covered by said bid, then this obligation shall <br />be null and void, otherwise to remain in full force and effect. <br /> <br />Signed and sealed this <br /> <br />18th <br /> <br />day of <br /> <br />November <br /> <br />2011 <br /> <br />Witness <br /> <br /> <br />bric Structures, Inc. <br /> <br />.~ <br /> <br />(Seal) <br />Principal <br /> <br />Title <br /> <br />~~~hi <br /> <br />Witness <br /> <br />Continental Casualty Company <br /> <br />{By~d:~ <br /> <br />Michael D. Hendrickson Attorney-tn-Fact <br />