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SECTION 8 BID BOND STATE OF FLORIDA COUNlY OF Broward ) KN9W ALL MEN BY THESE PRESENTS, that we, Tenex Enterprises, Inc. as Principal, cmd Fl.rst Sealord Surety, Inc. ; as Surety~ are held and firmly bound unto the City of Sunny Isles Beach, a munidpal corporation of the State of Florida in the sum of. Five Percent of Amount Bicl>ollars ($ 5% *** ), lawful money of the United States,ufor the payment -of' which sum well ari(l-trulyto.be madeiwe' bind'oUrselves,otlr'heirs,executors, administrators and successOrs jointly and severally, firmly by these presents. ) ) THE CONDITION OF THIS OBUGATION IS SUCH that whereas the Principal has submitted. the accompanying Bid dated, Dec. 8th 2008 for: SR AlAI Collins Ave. Streetscape 08-10-01 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 the Base Bid be submitted with said Bid as a gl!arantee that the Bidder would, if awarded the Conmtct, enter into a written Contract with the Oty for the performance of said cOnti-act, within ten (10) consecutive .calendardaYs atter' written notice having been given of the . Award of the Contract. . . NOW, THEREFORE, the conditions of this obligation are such that if. the. Principal within ten (10) consecutive calendar days after written notice of such ac{:eptance,enters.into a written Contract with the City of Sunny Isles Beach and fumishes the Performance and Paymerit Bonds, satisfactory to the Oty, each in an amount equal to one hundred percent (100%) of the Contract Price, and prOvides all required Certificates of Insurance, then this obligation shall be void; otherwise the sum herein stated shall be due and payable to the Oty of Sunny Isles Beach'andthe Surety 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 damages for failure thereof of said Principal. . IN WIT~ESS WtltEREOF, theabyr~c~ng~~ parties haveexecuteasthis instrument under their several ~seals,thls.. hW .... ... .day,oL. c__ Uh., ... ..... ...... .20~thename,an(:Lthe,corporate$.eal of each corporate party being hereto affixed and these presents being duly signed by its undersigned representative; . u __ . _"~.. ., , .. ~ . . '. DOCUMENT CONTINUES ON NEXT PAGE ~.. ..__.~~-.. .-- .. .._..-.._~. . "-,~,,.-,.- . . .. .. . .-. ..-. . . -.. . ,.. ., ... U_n...... ~ _... _.. ......._. .... _. .___ _ n. .~_'. --._~.. _..... _.. n",_ '. . .- .. .-...-....., ..._._-~. -..-,........-.-- .- . PAGE SO OF 130 BID No. 08-10-01