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City of Sunny Isles Beach <br /> RFP 18-04-02 Disaster Debris Management and Disposal Services <br /> ® 4.2 Financial Stability <br /> Ceres Environmental Services, Inc. can provide performance and payment bonds from an `A'-rated, <br /> treasury-listed carrier in amounts in excess of $500 million per project. With substantial liquid working <br /> capital and additional credit lines available, a lack of financial resources is never an obstacle for Ceres. <br /> Ceres has an established, solid 20-year banking relationship with Wells Fargo Bank as well as other <br /> financial institutions. Financial concerns such as short-term cash flow are not an obstacle for Ceres. The <br /> company is able to perform work with its own funds and the timing of payments from customers is a non- <br /> issue for the corporation. On the Hurricane Katrina Project, Ceres had up to $140 million in open invoices <br /> to the USACE, without an interruption in work performance or delays in payments to the subcontractors. <br /> Bank of Record (Letter Attached): • <br /> Wells Fargo • <br /> Sixth and Marquette <br /> Minneapolis, MN 55479 <br /> 612-667-5099 telephone <br /> Surety Company Contact (Letter Attached, please see Tab 5): <br /> Ted Jorgensen <br /> Liberty Mutual Insurance Company <br /> 150 S 5th Street, Ste. 2800 <br /> Minneapolis, MN 55402 <br /> 612-349-2464 telephone <br /> Insurance Company Information (Insurance Certificate Attached): <br /> Tyler Simmons <br /> Christensen Group - IRI <br /> ® 11100 Bren Road West <br /> Minnetonka, MN 55343 <br /> 952-653-1000 telephone <br /> Audited Financials (Confidential & Proprietary) <br /> Please note that Ceres is a privately-held corporation that is not otherwise required to disclose financial <br /> information to the general public. Our Audited Financials are therefore considered Trade Secret and are <br /> labeled as Confidential & Proprietary. They have been provided in a separate envelope. <br /> 411 <br /> EAIE <br /> Tab 4 Company Information <br /> ENVRJO-NM E N TA D Section 2 Financial Stability <br /> Page 4.2-1 <br />