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<br />Mailing Address: <br />PO Box 100027 <br />Duluth, GA 30096-9427 <br /> <br />Safeco Surety <br />Atlanta Service Center <br />2055 Sugarloaf Circle <br />Duluth, GA 30097-4932 <br /> <br />\ <br />I <br /> <br />- <br /> <br />- <br /> <br /> <br />phone: (678) 417-3080 <br />Fax: (678) 417-3848 <br />www.safeco.com <br /> <br />March 24, 2009 <br /> <br />City of Sunny Isles RFQ#:09-03-01 <br />City of Sunny Isles Beach <br />18070 Collins Ave., City Manager <br />Sunny Isles Beach, Florida 33160 <br />Attn: City Manager <br /> <br />Re: CM@Risk Services for Heritage Park and Parking Garage <br />Estimated Bud2:et $12.500.000.00 <br /> <br />To Whom It May Concern: <br /> <br />Per your request for evidence ofboodability, this letter is to advise you that Coastal Construction <br />Company is set up for bonding with Safeco Insurance Company of America. <br /> <br />Our company has bonded Coastal Construction Company for projects similar in scope to this job <br />and has found them to he an outstanding contractor, with a good reputation in the construction <br />industry. Under the proper circumstances, we will consider single jobs in the range of <br />$250,000,000.00, and an aggregate program of $750,000,000.00. <br /> <br />If Coastal Construction Company has a price acceptable to all parties, if adequate financing is <br />confirmed, and if all other normal underwriting requirements are met, with surety approval, we <br />look forward to providing Performance and Payment Bonds with a construction cost of <br />$12,500,000.00. <br /> <br />As this is a letrer of evidence of bond ability and not a bid bond, RFF & Associates, Inc., Safeco <br />Insurance Company of America, their agents and owners accept no liability for its contents. The <br />Surety reserves the right to review each submission and base their final decision upon normal <br />underwriting requirements and conditions, which exist at the time of the bond request. <br /> <br />If I can be of additional assistance, please do not hesitate to call. <br /> <br />Sincerely, <br /> <br />~j VVL~?1 ~vcvVl V k, <br /> <br />Jtd';fa~ s. Macholz, Attorney-In-Fact j <br />fat Safeco Insurance Company of America <br />