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AGREEMENT BETWEEN THE CITY OF SUNNY ISLES BEACH AND IAM ELECTRIC INC. f`•"°+°~ CONTRACT NO.2024-7420 THIS CONTRACTUAL AGREEMENT (hereinafter referred to as the "Agreement") is made in duplicate, thisay of January, 2024, by arid between the CITY OF SUNNY ISLES BEACH, Florida, (hereinafter referred to as "City"), and IAM ELECTRIC, INC., a corporation authorized to do business in the State of Florida (hereinafter referred to as "Contractor") whose Federal I.D. # is 83-2450520. RECITALS WHEREAS, the City is in need of contractors to supply all labor, materials, tools, and equipment necessary to provide bi-monthly preventative street lighting maintenance to various locations within the limits of Sunny Isles Beach, and to provide as -needed electrical services ("Services"); and WHEREAS, the City issued an Invitation to Bid, ITB No. 23-11-01, entitled "Street Lighting Preventative Maintenance & As Needed Electrical Services," a copy of which is attached hereto as Attachment "A" and incorporated herein by reference; and WHEREAS, upon evaluation, Contractor was determined to have submitted the lowest responsible and responsive bid, and was selected as the primary Contractor; and WHEREAS, Contractor is a certified and insured entity with the necessary experience to provide the desired Services; and WHEREAS, the Contractor has agreed to provide the Services, as more particularly described in the Contract Documents; and WHEREAS, the City wishes to contract with Contractor to provide the desired Services as more particularly described in the Contract Documents and as defined herein for One Hundred Twenty Thousand Dollars and No Cents ($120,000.00); NOW THEREFORE, in consideration of the promises and the mutual covenants herein named, the parties agree as follows: TERMS 1. RECITALS. The Recitals set forth above are hereby incorporated into this Agreement and made a part hereof for reference.. 2. THE CONTRACT DOCUMENTS. The Contract Documents consist of this Agreement, as well as the terms and conditions of ITB No. 23-11-01, entitled "Street Lighting Preventative Maintenance & As -Needed Electrical Services, and Contractor's response thereto which are specifically incorporated herein as Attachments "A' and `B" respectively (referred to collectively as "Contract Documents"). 3. SERVICES. Contractor shall provide the Services pursuant to the terms and conditions set forth in the Contract Documents, including but not limited to, those Services included in the Scope of Work for "Group I and Group 2" ("Services"), as more specifically set forth in LAM Elecicic, Inc. 271 444 153