|
Ok sV ANY r�tf
<br />YEREURMANCE BOND
<br />City of Sunny Isles Beach
<br />•', -'`l � • 18070 Collin: A.wnev
<br />5aimy Isle Bcocll, FB z37vv
<br />■, ;,- -~ Telephone [3051947-0606 Fax (305) 949-31113
<br />FORM uF PEM-URMARGE BUND
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />That, pursuant to the requirements of Flori0a stature Z05.05, we,
<br />as Principal, Rereinarter callea
<br />Contractor, and as ziurety, are Bounr to tRe City oT sunny
<br />Isles Beach, Florida, as Obligee, herainafter called City, in the amount of
<br />Dollars k$ for the payment wRereot Contractor anti surety oint] tnemseives, Meir Reim.
<br />executors, aoministrators, successors anti assigns, jointly anti severally.
<br />vvFlER5kS, Contractor Ras By written agreement enterer into a Contract, Mi0rContract mo, awarae0 Me
<br />Gay or , z'u , witn in accordance witR contract oocuments prepareO By the City
<br />of munny Isles SeacR, wnicn Contract is My reference matte a part Rereot, an0 is Rerearter referrea to as the
<br />Contract,
<br />I PIP LUMBI l 10M OF I PIIS MuAD is Mat It tRe Contractor
<br />--1. Fully peRorms the Contract oetween the Contractor an0 tRe City Tor services 0e5criBe0 witRin thio Ido.
<br />T witRin calenoar Bays alter Me Gate or Contract commencement as speciTien in tine
<br />Motice to rroceeo anti in tRe manner prescriBe6 in Me Contract; anti
<br />L. Inaemnirles ant] pays City all losses, Oamages (speciTlcally inclu0ing, But not limheo to, Damages for
<br />Delay anti other consequential Damages causet] By or arising out or Me acts, omissions or negligence OT
<br />Contractor, expenses, costs ant] attorney's tees inclu0ing attorney's fees incurreD in appellate proceedings, Mat
<br />City sustains Because of Default By Contractor unser the Contract; anti
<br />a. Upon notification By tRe City corrects any ant] all Defective or faulty vvorR or materials wRicR appear witnin
<br />one anti one Ralr t I uzp years, anlT
<br />IF. PeRorms the guarantee of an vvorR anti materials rurnisReO unser Me Contract Tor rRe time specirleB in
<br />the Contract, Men this Mono is vait], otRerwise it remains in rull torte. vvRene.er Contractor shall be, and
<br />neclaret] By City to Be, in 0erault unoer me Contract, rhe City naving performed City's obligations there under, the
<br />surety may promptly remedy the aefault, or sRall prompuy:
<br />4.1. Complete Me Contract in accortlance witR its terms anti conditions; oi:
<br />4.c. Obtain a Si0 or bias Tor completing tRe Contract in accordance with its terms and conditions,
<br />anti upon Determination By Surety of the best, lowest, qualified, respon..iblz and responsive
<br />Proposers, or, if tRe City elects.. upon Getermill,ation by the City, and Surety'ointly of the best,
<br />lowest, qualinet], responsinle anti responsive Proposers, arrange for a Contract betwzen such
<br />Proposers anti City, ant] make available as Work pro-resses (even though theru should be a
<br />sefault or a succession CT GeTaults under the Contract or Contracts of comrl;tion arranged
<br />untler tRis paragrapR) surrlcient funds to ray the cost of completion IW -as thw- balance of the
<br />Contract Price; Out ..ot e-ceeding including other costs and d8may-.5 for which the Surety
<br />may oe liaole nereunder. tRe amo---t set forth in the first paragraph hereof. Thu term "balance
<br />or tRe Contract Price.° as used in tnis paragraph shall mean the total amount payable by City
<br />to Contractor under the Contract and any amendments thereto, luss the amount properly paid
<br />By City to Contractor
<br />Mo rigRt or action sRall accrue on rRis Mond to or Tor tree use of any person or corporation other than the City
<br />named Rerein.
<br />Lukes' Landscaping, Inc. _
<br />
|