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AGREEMENT & BOND (8) '" J I AGREEMENT AND BOND " THIS AGREEMENT, by and between the CITY OF CLEARWATER, FLORIDA, a mtlnici..pal,corporation.J. hereinafter called "CITY") and LAURANCE & ASSOCIATES, a Florida corporation, her-einafter'-calleti-'''~RACTOR tt , . WIT N E SSE T H: ..... ......--......................... ...-,..........--. -- That in consid&rationd"ofthe mutual COvenants and agree- ments.l1ereineontained, and in further ccnsiderat.iQl1_oi'the--permits and privileges .granted ;'hereund.er~ and the bond given for the i"aithi'ul perforrnancebereof, the parties hereto mutually agree..as follows ~ 1. TheCityh~eby grants to Contractor the -permit) right and 'privilege'''to. 'install and construct . the following for Florida Power Corporation: Construct underground electrical conduit, manholes, and appurtenances..jn-Gieveland StreetJ!"..qm existing ,manhole at, Madil;!on., eastedy to,Missouri, the,n.ce southerly in Missouri to a point approximately 50 :feet south of the south line of Cleveland. 2. Contractor-agrees to submit, the.. plans for the ,afore- said work to the office of the City Engineer and receive approval from said City Engineer before proceeding with the aforesaid work. 3. Contractor agrees to accomplish the work in an order which shall be satisfactory to the City Engineer. 4. Contractor agrees that the earth excavation incidental 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 excavati.OTI}excep_tsu9h - port:lQn_$_a;L_maY_b~~d~J3JgIlat_~d, .bY_,.'tl1Sl J::tty. Engineer. Contractor further agrees to water-compact all trenches during back-filling. 5. Contractor shall be wholly responsible for the repair and replacement of utilities and other damage caused by theaccom- plishment of the work as aforesaid and Contractor further hereby covenants and agrees to replace paving removed or damaged by or ge- cause of the accompli~hment of the aforesaid work, said paving to - , "- nn-I?''2, - 0 I (2...) ::: *' J J be of a type and quality equal to the paving so removed or damaged, and performed in a manner satisfactory to the City Engineer, 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 forfeiture of the sum of Five Thousand and nO/l00 Dollars ($5, 000. 00) to City in the event of Contractor's breach or default of any of Contractor's covenants, agreements or obligations of Contractor here- i under. If all of the 'covenants, agreements or obligations of Con- tractor hereunder be faithfully performed by said Contractor, 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 restrictions, or natural calamity. WITNESS the hands and seals of the parties hereto, this L~day of June , 1961. Attest: CITY OF CLEARWATER, FLORIDA Approve_d,as",' to.- form and correct- ~~ ,/ / ~- In the presence of: ~~ y;.~)----- A~7I.d~ t7 ~'-....~- - ....' .- ...... V~:, ~. ;"-"-' -2- /'