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AGREEMENT & BOND (17) b' _,1_ ~ J I , AGREEMENT AND BOND THIS AGREEMENT; by and between the CITY OF CLEARvvATER, FLORIDA, a municipal corporation, hereinafter called "CITY," and LAURiiNGE 8~ }iS30CrJ.:..T:S,3, a. Florida corporation, hereinafter called uCONTRACTOR " , WiI T N E SSE T H: ---------- That in consideration of the mutual covenants and agreements herein contained, and in further consideration of the permits and , privileges granted hereunder, and the bond given for the faithful performance hereof, the parties hereto mutually agree as follows: I 1. The City hereby grants to Contractor the permit, right and privilege to install and construct the following: for Florida Power Corporation: Construct underground electrical conduit, approximately 50 feet, South of }Iclvon on Oak. 2. Contractor agrees to submit the plans for the aforesaid 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 may be done by machinery or power driven tools, except such portion as may be designated by the City Engineer which shall be done by hand labor. Contractor further agrees to water-c9mpact all trenches.during back-filling. 5. Contractor shall be wholly responsible for the repair and replacement of utilities and other damage caused by the accom- plishment 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 -1- ~ ~. ~ '-, i ;)) ,.~. . I. .. I I 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 Hundred Dollars ($500.00) to City in the event of Contractor's breach or default of any of Contractor's dovenants, agreements or obligations or Contractor here- under. If all or the covenants, agreements or obligations of Contractor 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, thi~~~ day of July , 196 2 . Attest: CITY OF CLEARWATER, FLORIDA Apprc5v~d '~--t-6'~foIm and correct- ness: / - c ,'.- '''---I /.( >.j ; ~r-(-'? f?J /..~~- City Attorney ;' Countersigned: ~@;lra!4fJi -b~2;n-- LAURANCE & ASSOCIATES INC~ - . . ':.;.. '- - - '. :... -2-