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<br />Bond # 88200800001-257 <br /> <br /> <br />08lChU4L <br /> <br />THE AMERICAN lNSTITUTE OF ARCHITECTS <br /> <br />BID BOND <br /> <br />KNOW ALL 1\lEN EY THESE PRESENTS, thilt we <br /> <br />3425 NW73 Avenue, Miami, FL <br /> <br />ll~ Principal, hereinafter c:iIletl the Principal, and <br />COmmercial Insurance Alliance. A Reciprocal Insurance Company <br />9309-3 Old Kings Road South. ~acksonville. FL 32256 <br /> <br />a corporation duly' or1{.C111izedundcr the laws of the Stale of Florida <br /> <br />Ganeedo Technologies, Ine, <br />(nere in~,.rlliIU "nine and addrcssoflcg.1 title OrConlr..C1or) <br /> <br />as Slifely, hercinaller called the Surety, arc held &. firmly bound unto <br /> <br />City of Sunny Isles Beach <br />(Here in,e,1 full name 0' bg,llitle or Owner) <br /> <br />lIS Obligc(', hereinafter called lhe Obligee, in the sum of <br /> <br />Two Hundred Fifty Thousand ($250,00.00) <br /> <br />Dollars <br /> <br />for the payment of which SUIII well 11 lid n"uly to be made, the said Pl'ineipal and tlte said Surely, bind ourselves, <br />our heirs, cxel'ulors, administnltors, SIICl.cssors and lls~igns,jointly llnd sererlllly, firmly by these prescnts. <br /> <br />WHEREAS, the principal hilS submitted II bid fOl.....' <br /> <br />Town Center Park Lighting Improvements <br /> <br />(Here insert fullllal1l~, oddress nild deseriptioll OfjlrOjOCI) <br /> <br />NOW l THEREFORE, if the Obligee ~hall accept the bid of the PI"ineiplIllInd the Principal shall enter into II COlltr:lct <br />with the Obligee in lIeC()rdllnee with the terms of such bid, and give such bond or bonds .lS may be specilied in the <br />bidding or Contract Documents with good llndsufJicient surety for the faithfnl pci"l'ormanee of such Contract nnd for <br />the prompt payment oflabor arid maierilll furnished in the prosecution thereof, or in the event ofthe failure Of the <br />Pl'incipal to enler such Contract undgh.c such bond or bonds, if' the Principal shall p:t)' to the Obligee the difference <br />not to exceed thc penalty hej'cof between the amount specificd in suid bid and such larger amouni for w)jich thc <br />Obligee Ill:!y in good faith coiltrllcfwith another pllrty to perform thc \Vorl( corered by said bid, then this ohliglllion <br />shall be null ami yoi(l, otherwise to rcmain in full force and effect. <br /> <br />Signed and scaled this <br /> <br />13th <br /> <br />da)' of <br /> <br />'May <br /> <br />2008 <br /> <br />BY: <br /> <br /> <br />(SEAL) <br /> <br />--~ ----:-/ - <br />{ (l )/1/]?L U fL'!.- CO <br /> <br />--- \\;itn~s.s <br /> <br />Carlos Gancedo, Jr.. President <br /> <br />~w:iiY~ <br /> <br />~~ <br /> <br />() ;ri:":;;~ <br /> <br /> <br />(Surety) IS".t) <br /> <br />. ~arry fo Haynes, Attorney-in-Fact <br />(Printed Name & Tille) <br /> <br />AlA DOCUMENT A3 1.0. BID BOND " AIA.- FEBRUARY 1970 ED <br />