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PERFORmANUE BVND
<br />City of Sunny Isles MeacR
<br />18070 CvWl: Memo
<br />pi Fro -`Q �` Senny hlou Ba..ch. FL 33160
<br />r De -uw • � viepllvna;. �a0a7 !!.� w0017 r�R: tu179! 9ya•3 i i3
<br />FORM OF PERFORMANCE BOND
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />That, pursuant to the requirements of Florida Statute 255.05, we,
<br />as Principal, hereinafter called
<br />Contractor, arid , as Surety, are bound to the City of Sunny
<br />Isles SeacR, Florida, as U ligee, Rereinaner called City, in Me amount or
<br />Dollars ($ ) Tor tRe payment wnereor Contractor ana surety Bina iRern„ci.v3, tMoir Maim,
<br />executors, administrators, successors and assigns, jointly anti severally.
<br />WHEREAS, Contractor has by written agreement entered into a Contract, Bid/Contract No, awarded the
<br />say oT , ZU , witri in accordance with contract documents prepared by the City
<br />or sunny isles Beacn, wRicn Cm -trust i3 o„ roTc7,once made a part hereof, and is hereafter referred to as the
<br />Contract;
<br />THE CONDITION OF THIS BOND is that if the Contractor:
<br />1. Fully performs the Contract between the Contractor and the City for services described within (Bid No.
<br />) witPiin calendar days after the date of Contract commencement as specified in the
<br />Notice to rrroceed ant] in ine manner prescribed in IMv C.51, ot; and
<br />2. Indemnifies and pays City all losses, damages (specifically incluaaing, But not limited to, damages Tor
<br />delay and other consequential damages caused by or arising out of the acts, omissions or negligence or
<br />Contractor), expenses, costs and attomey's fees including attorney's fees incurred in appellate proceedings, that
<br />City sestains because of default by Contractor under the Contract; and
<br />3. Upon notincation By Me t:.ity corrects any and ail nerective or Taal[, vvvm yr Tutcri.le nivR -ppear within
<br />one and one half (i ilc) years, and:
<br />4. Performs the guarantee of all Work and materials furnished under the Contract for the time specifieu in
<br />the Contract, then this Bond is void, otherwise it remains in full force. Whenever Contractor shall be, and
<br />t9oelarve By City to De, in avraelt under the Contract, the City having performed City's obligations there under, the
<br />surety may promptly remedy Me avT.alt, o. 3fia11 promptly:
<br />4.1. Complete the Contract in accorance witR its terms and conditions; or
<br />4.2. Obtain a Bid or Bids for completing the Contract in accordance with its terms and conditions,
<br />and upon determination by Surety of the best, lowest, qualified, responsible and responsive
<br />Propv. ur., v,, iT trio City elcot3, span determination by the City, and Surety'ointly of the best,
<br />lowest, qualirled, responsiBle and rc.poriziry Prvpo3v.., arrUMga Tor a Contract between such
<br />Proposers ant] City, ana make available as vvoRt progresses seven tRougR there Moula By u
<br />default or a succession of defaults under tRe contract or Contracts or completion arranged
<br />under this paragraph) sufficient funds to pay the cost of completion less tite Balance of Me
<br />Contract Price; but not exceeding, including other costs and damages for which the Surety
<br />may Be liable hereunder, the amount set forth in the first paragraph hereof. The term "balance
<br />or tRe Contract P. ice.” az ;--od i.. t% par.grapR, shall mean the total amount payable by City
<br />to Contractor under Me Contract and any amendments tRvrcto, lo�3 tRe amount properly paid
<br />by City to Contractor.
<br />No right of action shall accrue on this Bond to or for the use of any person or corporation other than the City
<br />rlunlva Rervirn.
<br />9 cR .a
<br />Lukes` Landscupiurio Inc.
<br />M/
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