Reso 99-152 - Laserfiche WebLink

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Preferred National Insurance Company Coral Springs, lHorlda PERFORMANCE AND PAYMENT BOND znotu All ittn by 0:ese i9reornits, Bond No. ................... XOS014 Tropic Landscaping Lawn Maintenance, lnc. Thatwe........................................................................................................................................................................ (hereinafter called the Principal) as Principal, and the Preferred National Insurance Company, a corporation duly organized under the laws of the State of Florida, (hereinafter called the Surety), as Surety, are held and firmly bound unto Sunny Isles Beach, Florida .................................................................................................................................................................. ..••.................................................................................. (hereinafter called Obligee), in the full and just sum of One Hundred Twenty Six Thousand, Six Hundred Twenty=r*``»*_` ........................................................................................................................................................................ bollars . 126 626.00**** ($........'........................), to the payment of which sum, well and truly to be made, the Principal and Surety bind themselves, their and each of their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has entered into a certain written contract with the Obligee dated the ....... 6...... day of August 1999 ..,for Beautification Project, North Bay Road Park ................................................................................................ Bid-99-07-01, Sunny Isles Beach, Florida .................................................................................................................................................................................. which contract is by reference made a part hereof, and is hereinafter referred to as the Contract. NOW, THEREFOR, THE CONDITION OF THIS OBLIGATION IS SUCH, that, N the Principal: (1) performs the contract at the times and in the manner prescribed in the contract and (2) promptly makes payments to all persons supplying Principal with labor, materials and supplies, used directly or indirectly by Principal or subcontractors in the prosecution of the work provided for in the contract as prescribed by Section 255.05 or Section 713.23, Florida Statutes, whichever is applicable to the contract, and (3) pays the Obligee all loss, damage, costs and attorney fees that the Obligee sustains because of default by the Principal under the contract and (4) performs the guarantee of all work and material furnished under the contract applicable to the work and materials, then, this obligation shall be void; otherwise it shall remain in full force and effect. The provisions and limitations of Section 255.50 or Section 713.23, Florida Statutes, whichever is applicable to the contract are incorporated in this bond by reference. SIGNED AND SEALED this 10 day of ............August , 1 g 99 ..................................................................... ................ TROPIC LANDSCAPING LAWN MAINTENANCE, INC. tW ........ ...Princi Witness: ....................................................... By.......... .. ............ ....... ... - ............................. C� terVgned �: Pre erred �lati" Insurance Company ................... By ... /. t...............!^................................................. leside t Agent of Florida M I C HA L A. B O N ET Attorney -in -tact MIC EL A. BONET VNI-t't'tS (I1/Sy)