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• "I VI_ 11 : BID BOND V 1 • City of Sunny Isles Beach • '._ 16070 CSLns Avenue Tip• Sunny Isles Beach,FL 33160 o .. Te'epnone:(305)947-060E Far:(3051949-3113 STATE OF FLORIDA COUNTY OF Miami Dade KNOW ALL MEN BY THESE PRESENTS. that we. Medallion Athletic Products Inc as Principal, and Philadelphia Indemnity Insurance Compa 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 Forty-five thousand(5%of bid) Dollars(S 43.000 ),lawful money of the United States.for the payment of which sum well and truly to be made.vie 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 dated. tecembor o.2012010 for: Bid Nn. 12-10-03 Artificial Turf for Senator Gwen Margolis and Pelican Community Parks 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 Beor:d and furnishes the Performance Eond,satisfactory to the City.each in an amount equal to one hundred percent(100%)of the Contract Price.and p'ovides all required Certificates of Insurance, then this obligation shall be void;otherwise the sum herein stated shall be due and payatle to the City of Sunny Isles Beach and the Surety herein agrees to pay said sum immediately,upon demana 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 exocuted this instrument under their several seals this 'rd day of December _.20 12 .the name and the corporate seal of each corporate party being hereto affixed and these presents being duly signed by its undersigned representative. DOCUMENT CONTINUES ON NEXT PAGE IN PRESENCE OF: Individual or Partnership Principal Affn Ccreorate Seal Business Address City.State.and Zip Code Business Telephone Business Facsimile ATTEST: Secretary (Corporate Surety)' ay: 'Impress Corporate Seal .MPOR1ANT 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. 8of 10 DECEuSEF 29.2010 •