HomeMy WebLinkAbout800642 A2P0090A Removal Bond 2008 10.29.13PERFORMANCE BOND
Bond Number: 070007134 Premium:250
Site Number: A2Poo90A
KNOW ALL BY THESE PRESENTS, That
We T-MOBILE SOUTH LLC
as Principal, hereinafter called Principal, and Liberty Mutual Insurance Company, 175
Berkeley Street, Boston, MA 02116, a Massachusetts corporation, as Surety,
hereinafter called Surety, are held and firmly bound
unto ST, LUCIE COUNTY, FL as Obligee,
hereinafter called Obligee, in the amount of Five Thousand and 00/100
Dollars ($ 5.000.00 '" ) for the payment of which sum, well and truly to be
made, the said Principal and Surety bind themselves, and their heirs, executors,
administrators, successors and assigns, jointly and severally, firmly by these presents,
WHEREAS, Principal has entered into a Ordinance Section 7.1023lPQ) dated
for the telecommunication facility located at:
16434 Okeechobee Road, West St. Lucie, FL 34945 , which Ordinance Section 7.10.23 (PQ) Is
by reference made a part hereof, and
WHEREAS, as a condition of said Ordinance Section7.10.23(PQ) requires Principal
to provide a Bond guaranteeing the
removal of an antenna, antenna array, or tower at said location.
NOW, THEREFORE, THE CONDITION OF THE ABOVE OBLIGATION IS SUCH,
That if Principal shall guarantee the
removal of an antenna, antenna array or tourer , In
accordance with said Ordinance Section 7.10.23 (PQ) ,then this obligation is void,
otherwise to remain in full force and effect.
PROVIDED, HOWEVER, That:
1. It shall be a condition precedent to any right of recovery hereunder, that in
event of any default on the part of the Principal, a written statement of the
particular facts of such default shall be forwarded to the Surety, within sixty
(60) days of the occurrence of such default, delivered by registered mail to
Surety at its Home Office in Plymouth Meeting, PA.
2. That no action, lawsuit or proceeding shall be had or maintained against the
Surety on this Bond unless the same be filed and properly served upon the
Surety within one year from the effective date of the cancellation of the Bond.
3. That no
right of
action
shall accrue under this Bond to or for the
use of a
person
or entity
other
than the Obligee, and its successors and
assigns.
A. This Bond shall become effective 8/78/2008
5. This Bond shall continue in full force and effect until canceled by the Surety by
providing thirty (30) days written notice to the Obligee.
6. The liability of the Surety shall in no event exceed the aggregate penal sum of
the Bond penalty.
7. If any conflict or inconsistency exists between the Surety's obligation or
undertakings as described in the Bond and as described in the underlying
document, then the terms of the Bond shall prevail.
8. This Bond shall not bind the Surety unless the Bond is accepted by the
Obligee. The acknowledgment and acceptance of such Bond is
demonstrated by signing where indicated below. If this obligation is not
accepted by way of signature of the obligee below, this Bond shall be
deemed null and void.
IN WITNESS WHEREOF,
The said
Principal
and
Surety
have
signed and sealed
this instrument on this lath
day of
August
200e
T-MOBILE SOUTH LLC
By:
Name/Ttlle
Liberty Mutual Insurance Company
By:
Marina Tapia Attorney -in -Fact
The above terms and conditions of this bond have been reviewed and
accepted by the Town of
Acknowledged and Accepted by:
By:
(Title)
Dated:
Return to: Liberty Mutual Insurance Company
One Front Street
Suite 1925
San Francisco, CA 94111
Obligee