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I
<br /> SUNNY;r[F
<br /> BID BOND
<br /> City of Sunny Isles Beach•
<br /> , ,.. ,�? , 18070 Corms Avenue
<br /> "s'
<br /> . s'•.r to. ••• Sunny Isles Beach,FL 33160
<br /> c'
<br /> I ''.o,suit'" Telephone:(305)947-0606 Fax(305)949-3113
<br /> STATE OF FLORIDA' )
<br /> I COUNTY OF Who%–)4 I )
<br /> KNOW ALL MEN BY THESE PRESENTS, that we, Ballard Construction, Inc.* as Principal, and
<br /> Capitol Indemnity Corporation, 115 Glastonbury Blvd.," , as Surety, are held and firmly bound unto the City of Sunny Isles
<br /> Beach,a municipal corporation of the State of Florida In the sum of Fine Percent of me Tow Proposal Price Dollars(5 5% ),lawful
<br /> I money of the United States,for the payment of which sum well and truly to be made,we bind ourselves,our heirs,executors,administrators
<br /> and successors jointly and severally,firmly by these presents.
<br /> THE CONDITION OE„THIS OBLIGATION IS SUCH that whereas the Principal has submitted the accompanying Bid dated,
<br /> December 5 20-18-for:Artificial Turf for Senator Gwen Margolis and
<br /> IPelican Community Parks Rearrest for Proposal No 12-10-03
<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 submitted with said Bid as a guarantee that the Proposers would,if awarded the Contract,enter Into a written Contract with
<br /> I the City for the performance of said Contract,within ten(10)consecutive calendar days after written notice having been given of the Award of
<br /> the Contract. '138 Quade Drive, Cary, NC 27513 "Suite 5, Glastonbury, CT 06033-4401 —12
<br /> NOW, THEREFORE, the conditions of this obligation are such that if the Principal within ten (10) consecutive calendar days after written
<br /> notice of such acceptance,enters into a written Contract with the City of Sunny Isles Beach and furnishes the Performance Bond,satisfactory
<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 shag be due and payable to the City of Sunny Isles Beach and the Surety
<br /> 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
<br /> damages for failure thereof of said Principal.
<br /> I IN WITNESS WHEREOF, the above bonded parties have executed this instrument under their several seals this 5th day
<br /> of December .2012 ,the name and the corporate seal of each corporate party being hereto affixed and these presents
<br /> being duly signed by its undersigned representative.
<br /> DOCUMENT CONTINUES ON NEXT PAGE
<br /> II IN PRESENCE OF:
<br /> Ballard Construction,Inc.
<br /> Principal Corporation • ix Corporate Seal
<br /> Ill 138 Quade Drive
<br /> Address
<br /> By. � �i / it
<br /> Cary,NC 27513 VMIliam J. :allar,,Vice President
<br /> City,State,and Zip Code
<br /> Q
<br /> 919-678-8440 919-678 536
<br /> Business Telephone Business Facsimile
<br /> II ATTEST: � Witness
<br /> Capitol indemnity Corporation Seare ss
<br /> (Corporate Surety)' oe amos
<br /> II By: iThOUXYr(1
<br /> 'Impress Corporate Seal Jasor Cooper, tt mey-in-Fact
<br /> -
<br /> II . IMPORTANT
<br /> Surety companies executing bonds must appear on the Treasury Department's most current list(circular 570 as amended)and be authorized
<br /> to transact business in the State of Florida.
<br /> II
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