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BIDBOND <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, FL 33160 <br />Telephone: (305) 947-0606 Fax: (305) 949-3113 <br />STATE OF FLORIDA ) <br />) <br />COUNTY OF ____________) <br />KNOW ALL MEN BY THESE PRESENTS, that we,_______________________________ as Principal, and <br />_______________________________________________________, 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 _______________________________ Dollars ($ __________), lawful <br />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 OF THISOBLIGATION ISSUCH that whereasthe Principal has submitted the accompanying Bid dated, <br />______________200 for: <br />______________________________________________________________________. <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 />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. <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 stated shall 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 />IN WITNESS WHEREOF, the above bonded parties have executed this instrument under their several seals this_____________day <br />of___________,20 , the name and the corporate seal of each corporate party being hereto affixed and these presents <br />_____________ <br />being duly signed by its undersigned representative. <br />DOCUMENT CONTINUES ON NEXT PAGE <br />IN PRESENCE OF: <br />__________________________________ _________________ <br />Individual or Partnership PrincipalAffixCorporate Seal <br />_________________________________ <br />Business Address <br />_________________________________ <br />City, State, and Zip Code <br />________________________________________________________________ <br />BusinessTelephoneBusinessFacsimile <br />ATTEST: <br />___________________________________ ______________________________ Secretary <br />(CorporateSurety)* <br />By: <br />*Impress Corporate Seal <br />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 />D ECEMBER 28,2010 <br /> <br />