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<br />.~~ <br /> <br />March 31, 2009 <br /> <br />Mr. Rick Conner <br />Acting City Manager <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, FL 33160 <br /> <br />Re: Perez-Gurri Corporation d/b/a N & J Construction <br />Surety Prequalification Letter <br /> <br />Dear Mr. Conner: <br /> <br />The above referenced company is a highly regarded and valued client of Fidelity and <br />Deposit Company of Maryland, rated by Best's KR Guide as A (Excellent), with a <br />financial rating of Class of XV. Fidelity and Deposit Company of Maryland has <br />established surety support covering single projects up to $25,000,000 and an aggregate <br />bond limit of $50,000,000. However, these amounts are not to be construed as our <br />maximum levels of support; rather they are guidelines for the daily servicing of the above <br />referenced company's surety needs. <br /> <br />Customary with industry practice, the issuance of any bond is a matter of discretion and <br />subject to satisfactory underwriting conditions at the time of request. These conditions <br />include but are not limited to the financial condition of our client, a review of the <br />contract, bond terms and conditions, and evidence of project financing. <br /> <br />If we can provide any further assurances or assistance, please do not hesitate to call upon <br />us. <br /> <br /> <br />~ <br /> <br />D DEPOSIT COM ANY OF MARYLAND <br /> <br />~ <br /> <br />t:d Choice" <br /> <br />P.O. Box 561567 . Miami, FL 33256.1567 <br />9500 S. Dadeland Blvd. . Second Floor · Miami, FL 33156.2866 <br />1571 Sawgrass Corporate Pkwy. · Suite 130 · Sunrise, FL 33323-2807 <br />-a: 305.670.6111 . 800.273.4433 <br />~: 305.670.9699 · 866.467.6872 <br />email@insource-inc.com . www.insource-inc.com <br />