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�SVNNY'J�Fr BID BOND .,14:z® ' City of Sunny Isles Beach 18070 Collins Avenue sE'D F o ' Sunny Isles Beach,FL 33160 c rr of wN 1..`49 Telephone:(305)947-0606 Fax:(305)949-3113 STATE OF FLORIDA COUNTY OF KNOW ALL MEN BY THESE PRESENTS, that we, KDF Enterprises, LLC as Principal, and U.S.Specialty 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 Thousand and No/100th Dollars ($5.000.00 ), 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 dated, May 10, 2018 for: Disaster Debris Management and Disposal Services. RFP No. 18-04-02 WHEREAS,it was_a condition precedent to the submission of said Bid that a cashier's check or Bid Bond in the amountof 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: IN WITNESS WHEREOF, the above bonded parties have executed this instrument under their several seals this 10th day of May _,2018, the name and the corporate seal of each corporate party being hereto affixed and these presents 411 being duly signed by its undersigned representative. DOCUMENT CONTINUES ON NEXT PAGE IN PRESENCE OF: KDF Enterprises, LLC Individual or Partnership Principal Affix Corporate Seal 310 Tidwell Drive - -; �' —;-- Business Address - n -u l Alpharetta, GA 30004 City,State,and Zip Code -. - 812-550-4222 404-506-9849 Business Telephone Business Facsimile ATTEST: U.S. Specialty Insurance Company �ecretary (Corporate Surety)* Debbie Dunaway By: flik•Ared\ impress Corporate Seale, Dewey Brashier,Attorney-in-Fact - - , - - IMPORTANT .r; J - =Su ety companies.executing hands must appear on the Treasury Department's most current list(circular 570 as amended)and be authorized • Transact business in the State of Florida. Provided however,that this Bid Bond and any required performance and payment bonds are for the first year of the contract only,and may be extended by the'Surety by Continuation Certificate.Provided further,that the Surety reserves the right not to renew or extend the bond for additional years at its sole discretion.S.ch action not to renew or extend will not be deemed a default under the bond and Obligee waives any claim or right of action against the bond with respect to replacement security to be posted by the Principal to the Obligee or for any liability under the contract for future periods of time. 8 of 10