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O� SJKNY �S�`gd v � x c,rr or SUN )o STATE OF FLORIDA COUNTY OF Miami Dade, BID BOND City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, FL 33160 Telephone: (305) 947 -0606 Fax: (305) 949 -3113 KNOW ALL MEN BY THESE PRESENTS, that NeSanchez Arango Construction Company , as Principal, and International Fidelity Insurance Company , as Surety, are held and firmly bound unto the City of Sunny Isles Beach, a municipal corporation of the State of Florida in the sum of Five Percent of Amount Bidpollars ($ ** *5 % ** lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators and successors jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION IS SUCH that whereas the Principal has submitted the accompanying Bid December 14, 2011YAWbr RFP No. 11- 11 -03, Collins Avenue Streetscape. dated, 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 Contract, enter into a written Contract with the City for the performance of said Contract, within ten (10) consecutive calendar days after written notice having been given of the Award of the Contract. 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. INDWITeE`bS rWHEREOF, the above bonded parties have executed this instrument under their several seals this 14th day of ,2011 , the name and the corporate seal of each corporate party being hereto affixed and these presents being duly signed by its undersigned representative. IN PRESENCE OF: DOCUMENT CONTINUE- OiT-NEXT PAGE ango Construction Company Individual or Partnership Principal Affix Corp rate 8651 NW 70th Street - Business Address Miami, FL 33166 City, State, and Zip Code (305) 592 -9252 (305) 592 -9204 Seal Business Telephone Business Facsimile ATTEST: International Fidelity Insurance Company See Power of Attc (Corporate Surety)+ "Impress Corporate Seal ' Michael A. Bonet, Attorney -In -Fact IMPORTANT & Florida Resident Agent Surety companies executing bonds must appear on the Treasury Department's most current list (circular 570 as amended) and bc- authorized to transact business in the State of Florida. DECEMBER 28, 2010 8 of 10