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AGREEMENT & BOND (26) ....-4 ~~ ~'"'' '" , I AGREEMEN..... AND BOND THIS AGREEMENT, by and hetween the CITY OF CLEAR WATER: FLORIDA, a municipal corporation, hereinafter called "CITY," and LAURANCE & ASSOCIATES, a Florida corporation, hereinafter called "CONTRACTOR, II WIT N E SSE T H: That_inconside~ationof.themutual-Govenants and agreements herein contained, and in further consideration of the permits and privileges granted hereunder, and the bond given for the faithful per- formance 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: Florida Power Corporation: Construct underground electrical conduit as described on Florida Power Plans /#P 156 D from existing Manhole 11290 on North side of Cleveland Street Southerly across Cleveland Street, thence on East side of Madison Avenue, thence Westerly to connect with monument connection to serve Stone Bolton Buick Company - a distance of approximately 100 feet. 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-compact ~.:.._, "",.F I , 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 Two Thousand Dollars ($2,000.00) to City in the event of Contractor's breach or default of any of Contractor's covenants, agreement s or obligations of Contractor hereunder. If all of 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. tyv,enty . (2_0) 7. The aforesaid work shall be accomplished within ~ 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 9d day of July , 1962- Attest: CITY OF CLEARWATER, FLORIDA ...~~ 'Gi.t .-erkc~ -. . .. .~, - ~nQ,~-,-fJ ~ty Manager ::~~ ~Attorney. - -. -- Countersigned: In the presen~e of: fl / ~J "-7 ~ ^ LAy;JANCE &' ASSOCIA]a'jrrm.