Performance Bond
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THE AMERICAN INSTITUTE OF ARCHITECTS
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Bond Nos. 8129-02-75 & 127534
AlA Document 1011
Performance Bond
KNOW All MEN BY THESE PRESENTS: that
1)41 North Rock Hill Road,
St. l.ouis. Missouri 63124
McCarthy Brothers Company.
IH~~ '"W" 'ull IIA"'.. '"d .dcl,~.. 0' 1....1 hi'" 0' Co""uto"
as Principal. hereinafter called Contractor, and, Federal rnsur~nce Company*. IS Mountain View
R();]d. WArren. New Jersey 07061 and National Union ,t1_''''''fllull~......nd.dd'~''OII.IAI''lt~04\u'f''.1
Fire lnsqrance Co~p~ny of Pittsburgh. PA*. 70 Pine Street.
New Yurk. New York 10270. Co-Sure1es.
.15 Surety, hereinafter called Surety. are held and firmly bound unto Ballet Valet P~rking Company.
640 Ocean Drive. Mi.J.ml Beach. Florida 33139 and 11l..,.,IIWH IwllllA.... Ind a4d...,.., 1....11111' 010-'1
, The' ,City of Mi.1l'll1 Beach. Florida
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\ as Obligee, ,hereinafter called Own~r. In the amount of Six Million. Three Hundred Thirty
.. l"JH\U!Hl!ld. rEight Hundred and NO/lOa (Federal Insurance ~ . $3,165.400.00 and NJ.tional
,,~""h:n 1'.Lrc :.re;urance ~ of Pittsburs;h. fA '" $3.165.400.00) 'Ooll.us ($ 6.330.800.00 ____+.
, fm thfll payment whereof Contractor and Surety bind themselves. their heirs, executors, ~dmumtrators,
5UCCC~SQ[S and assigns. jointly and severally. firmly by thes~ presents.
I, ,( ,
WHEREAS,
Contractor has by written agreement dated
1'1,.,. '"''''1 lull.l'llrllf, ,dd'tu ,nd dt-KI'!I"O" 0' "'OI~(1I
Design/Build Parking Garage
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. entered InlO a conlract with Owner fOf
In accordance With Drawings and Spe<:,(lc.-tions prepared by
111.... '"'"'' !vll "'''''' ."cI .del,.... 0' It,.1 loll. .1 A,dlllr<11
whIch (antraet is by reference made a part hereof. and is heretn~frer referred to as the Contract.
0\10\ DOC\JMINr AII1 · ,.UIORII"..,,.,<t 1I0NO AND LAlOR ANO MAUR'AL "AYM(NJ 10"0 . "'A e
119'11: ~"v ''''0 EO.. Till AMIIlICAN 'NSJITLJU Of ARCHITEcn. 171\ N Y "'VI.. N W , WASHING rON, D C 20006
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PERFORMANCE BONO
Multiple Ob1igce
,...ow. THElUfORl. THE CONOlTlON Of ntlS OlllGATION is such Iholt, if ConlraClor sh.111 promptly .nd ',)ilhfully p~rlorm
U1d Conlr.acl, thcn this oblig.1tion ~h.111 be null and \loid; otherwise il s~lI rcmolin in fu/l (orce .nd effect.
The Surety hereby Wli\'ts notice of ,ny .Ilcr.lion 0'
exlen$IOn of lime M.de by the OWn~'.
Whenever CorUr~cto' ~h~1I be. ,nd dect.,~ by Owner
10 be In del.uh under the ConlrllCl. the Owner h",\linS
performed Owner's oblilalions Iher~undcr, Ihe Surety
moly p'ompcly remedy the dcf.ult, Or Sholll promptly
11 Complete ,he Contracl in accordance With ils lerms
.nd condlllons. Or
21 Obr.aln , bid Or bids lor complrting the COn'ract In
.I<:c:ord.Jnce wilh liS ttrms and cond.lions, .and upon de-
ICfmln,\IlOn by Surety of the lowesl responsible bidder,
or, " the Owner el~IS, upon de'erm,n,'ion by lhe
Ownrf ."d tht Surety jointly of Iht 10W~Sl responsible
b,ddc'. .m.ansC! for, (OnltaCI bdween ~uch bidder .Jnd
Owner, .and m.ake Ival/able .s Work progresscs ~\len
In()u~h rh/'r~ ~hould be . defau/r Or . SUCCession 01
debuhs und~, th~ conu.(t or contr.cts of complehon
.Jrrln8rd under lhis ~r"lr.ph) ,ufficienl funds 10 pay the
cost of comp/cllon I~ss Ih~ b..l.nce of Ihe. (onll.Jcl pflce;
bul noe cxceed,n!. mdudlnl othcr cosls ~nd d;ama8~S
rOI which tk Surely moly be liable hereunder. th~ .mounl
sel forlh in the first pJr~&r.1ph her~o', Th~ tcrm "b.J1.Jn<.e
of tile controlcl p"ce," olS used in Ihis p~'.gr.ph, ,h..1I
mc.." the 10t.1 .JMOunt p.Yolb/e by Owner 10 Contrletor
under the Coni lIe' .and loy ,mcndmenls Ihereto, less
Ihe .mount properly polld by Owner 10 CO"lrl(tor.
Ally suit under this bOtld must be InShluted bdore
the exp.,.tion of two 121 yellS frOm Ihe d~,. on wh,ch
lin.' payment under thr Contr.CI bUs due.
No rish, of ~cljon sh.all Iccrue on this bond to 0' for
Ihe use of Inv person or COrporltlOl1 other Ih.n Ihe
Owner nJmtd hercrn or Ihe hellS. ~)(ecutors, .dm,n.s-
1,.lors or SUCcrsSOrS o' Ihe Ownel.
t. I'!\O\'IDED, ~ that the Prh1cirol and Sur~ty shall not be 1bble to the Gbt1Kce(s) or DrN d
them lIruCS$ ehe Cbfuee(s) cr ~ of t~ h.:xve pcrl~ the obl1g;Jt1ons [0 the Pr1ri:ipal. in ac:.cbrdunc:e
w1.th rill' terms of sa1.d contract, and
1.. I'ROVIDED, further..Lt_rot dle Pdncip.1.l. and S\1X"ety shall oot be liable to the Cbligce(s) in the
nggre'.....'te 11\ excess of '-.lie:: pcro.l SUII aOOVe stateCI.
· Proy1dcd, ~ the ~~tl ~ind JCIVCS in svch SU'Il "Jo1ntly .'lnd~' cr 'I" as well as "~r.ll1Vll
only I or t'hech~se or olont a.c~1 or actions ~~t aI'!:J r {of us. and for otlii5r
PUrbo~ e.a ":sut'ety b 1.. o1ntly. severally wi L the . or th@ p<Z)'Illent 0 such
!iuD' OI'\ly as is set ,fo opposltc n<=e 0 such surety.
Slgneo ,and ~cal~ lhis
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'. ' \1l1.1ness
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'Lv~l\J 11.::1x5iGNED
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-C'UNTERS~Gl',JED
~...",.k", .N-~t;-t.. . ... u._..
R~~IDl'NT ~::F''''''T
~tncss
d~y of
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jt~i:: Com~,,"y
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FEDERAL !N5URANCE COMPANY
A)/ or ;ill': %.$] · 1b) ~ 40U. UU) Surety
i-~fr%""~. llOl.m:m~ Attomcy-1.n-tact
NATIONAL UNION FIRE lNSURANr.t COMPANY
UF PITT~BURGH. PA
~ts ot ''''bilij~B. 165.400.00) >urety
~-,; rLr...~ Att,.,."...In-lact
AlA OO(,UMfNr A.)II · I'llf()I!MANCl BONO ANO lAIOI ANO MAll aiM 'AYMIN' 10"10 . AlA .
II RRI.J^NV 1'1111 In.. 'HI AMU""N INSTIfUU Of AICHnrC"n. 11 Hi N V AV1" N.W.. WASHINcrON, o. ~. :ooac.
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