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Reso 2005-825
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Reso 2005-825
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Last modified
5/17/2021 10:15:50 AM
Creation date
1/25/2006 1:57:58 PM
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Template:
CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2005-825
Date (mm/dd/yyyy)
09/08/2005
Description
– Ratify Agmt w/Siltek Group Inc., Construction of 181st Drive Active Park.
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<br />II <br /> <br />x <br /> <br />LJ <br /> <br />II <br /> <br />LJ <br /> <br />II <br /> <br />II <br /> <br />Obligee's/Insured's Name <br />The City of Sunny Isles Beach <br />Siltek Group, Inc. <br />Obligee'sllnsured's Mailing Address <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br />4403 Dogwood Circle <br />Weston, Florida 33331 <br />Bond/Policy Number <br />N/A <br /> <br />IMPORTANT NOTICE TO <br />OBLIGEES/POLICYHOLDERS - <br />TERRORISM RISK INSURANCE ACT <br />OF 2002 <br /> <br />LJ <br /> <br />II <br /> <br />LJ <br /> <br />LJ <br /> <br />II <br /> <br />LJ <br /> <br />II <br /> <br />LJ <br /> <br />LJ <br /> <br />You are hereby notified that, under the <br />Terrorism Risk Insurance Act of 2002, <br />effective November 26, 2002, we must make terrorism coverage available in your bond/policy. <br />However, the actual coverage provided by your bond/policy for acts of terrorism, as is true for all <br />coverages, is limited by the terms, conditions, exclusions, limits, other provisions of your <br />bond/policy, any endorsements to the bond/policy and generally applicable rules of law, <br /> <br />Any terrorism coverage provided by this bond/policy is partially reinsured by the United States of <br />America under a formula established by Federal Law, Under this formula, the United States will <br />pay 90% of covered terrorism losses exceeding a statutorily-established deductible paid by <br />sureties/insurers until such time as insured losses under the program reach $100 billion. If that <br />occurs, Congress will determine the procedures for, and the source of, any payments for losses in <br />excess of $100 billion. <br /> <br />II <br /> <br />II <br /> <br />LJ <br /> <br />II <br /> <br />LJ <br /> <br />I' <br /> <br />LJ <br /> <br />n <br /> <br />LJ <br /> <br />The premium charge that has been established for terrorism coverage under this bond/policy is <br />either shown on this form or elsewhere in the bond/policy, If there is no premium shown for <br />terrorism on this form or elsewhere in the bond/policy, there is no premium for the coverage. <br /> <br />II <br />LJ <br /> <br />II <br /> <br />LJ <br /> <br />I Terrorism premium: I $0 <br /> <br />II <br /> <br />L.J <br /> <br />II <br /> <br />LJ <br /> <br />II <br /> <br />LJ <br /> <br />II <br /> <br />LJ <br /> <br />II <br /> <br />Form 8-3333-0 <br /> <br />Page 1 of 1 <br /> <br />LJ <br /> <br />@ 2002, The Hartford <br />
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