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0Nr1'V ,I(_f (.1'_ BID BOND Oy City of Sunny Isles Beach 18070 Collins Avenue • Sunny Ielao Ba�rh,FL 35150 Telephone:1305)047-0608 Fey:(305)040-3113 STATE OF FLORIDA ) Broward ) COUNTY OF ) Shiff Construction & Development Inc. KNOW ALL MEN BY THESE PRESENTS, that we, MS Principal, and Westfield 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 Percent of Amount Bid(5%) Dollars($ 5% 1; lawful money of the United-States,for the payment of which sum well and truly to he made,we hind ourselves.our heirs,executors,administrators and successors lolntly and severally,firmly by these presents. THE CONDITION OF THIS OBLIGATION IS SUCH that whereas the Principal has submitted the accompanying Bid dated, $1812019 2010 for: Gateway Park Center,ITB•19-01-01-0.2019/mb WHEREAS,it wait 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 Centred. 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 anti 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 veld; 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 7th day of March ,20_12_ the name and the corporate seal of each corporate party being hereto affixed and these presents Qbeing duly signed by Its undersigned representative. - _ DOCUMENT CONTINUES ON NEXT PAGE �• Shiff C.•- on&Development,Inc. 40 - _,../4", . - . . eeretarly Affi Corporate Seal J on Shiff,Prosleiont ild0 SWS Stn Street Business Address pomnon,w B000h,FL 33060 City,State,and tip Code 954-524-2575 954-524-2576 Business Telephone Business Facsimile JUeeifieid Insure ce Company �� L/��f�'�' ATTEST' - ,rGj /Y,/Ni secretary (Corporate Surety)* 4 /N _ i By, -_ . 'Impress Corporate Seal Arthur K.Broder Agent&Attorney-inFect — IMPORTANT - __ _ _ - Surety companies executing bonds must appear on the Treasury Department's most current list(circular 570 as amended)end be authorized''''' to transact business in the State of Florida. 0 nEcn aFR 28.2010