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AGREEMENT & BOND .../_-_.,.~- I I AGREEMENT AND BOND THIS AGREEMENT, by and between the CITY OF CLEArl1rlATER, FLORIDA, a municipal corporation, hereinafter called "CITY", and ~~--~----- ~LAURANCE&OASSOCIATES, INC. ,oaFloridacorporation-~=- hereinafter called ilCONTRACTOrlll, WITNESSETH: That in consideration of the mutual covenants and agree- ments herein contained, and in further consideration of the permits and privileges granted hereunder, and the bond given for the faith- ful performance hereof, the parties hereto mutually agree as follows~ 1. The City hereby grants to Contractor the permit~ right and privilege to install and construct the following for the Florida Power Corporation: Construct an underground electrical conduit, vault and appurtenances in Laura Street from existing vault approximately 220' East of East line of Osceola Avenue, Westerly to Osceola Avenue, and across Osceola Avenue from existing vault in vicinity of Library, Easterly to East side of Osceola Avenue. . . . . . . . . . . . . . . . . . . . . 2. Contractor agrees to submit the planz for the afore- said work to the office of theCity Engineer and receive approval from said City Engineer before proceeding with the aforesaidworkG 3. Contractor agrees to accompliSh the work in an or- der which shall be satisfactory to the City Engineer. 4. Contractor agrees that the earth excavation inci- dental to the above described work shall be done by hand, and no machinery or power-driven tools will be used in the accomplishment of the said excavation, except such portions as may be designated by the City Engineer. Contractor further agrees to water-compact all trenches during back-filling. m-I;3- / ,\ ,';0 '/ ' '!"~-_.-" .... I I 5. Contractor shall be wholly responsible for the re- pair and replacement of utilities and other damage caused by the accomplishment of the work as aforesaid and Contractor further hereby covenants and agrees to replace paving removed or damaged by or' because of the accomplishment of the aforesaid work, said paving to be of a type and quality equal to the paving so removed ------. G-I'- damaged ,---an dper ~ ormed ina -ma nner-sa ti-sfa e t0r'yt othe-C-i"ty--En....- ... gineer, of the City of Clearwater. 6. Contractor hereunto binds himself, his successors and assigns to the faithful performance of this Agreement; and further binds himself, his successors and assigns to the forfeit- ure df the sum of Five Thousand Dollars ($5,000.OQ) - - - - - to City in the event of Contractor's breach or default of any of Contractoris covenants, agreements orooligations of Contractor hereunder. If all of the covenants, agreements or obljgations of Contractor hereunder be faithfully performed by said Contract- or, then this bond shall be null and void and of no effect. 7. The aforesaid work shall be accomplished within thirty (30) days; provided, however, that this time for completion shall be extended by a period of time equal to any delays caused by strike, riot, civil commotion, Acts of God, Governmental restrict- ions, or natural calamity. WITNESS the hands and seals of the parties hereto, this ~d day of ~J( , 195~. /' ~-/ i. Clerk- Approved as to form and correct- ne ss : F CLEARNATER, FLORIDA L~~ Manager ountersigned: ~~-- Mayor-C mmissioner LA URANCE & ASSO AT ES, INC., ~. ~---~~ ~.l~ ~J. Y Attar.. . In the presence of: -2-