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AGREEMENT & BOND (36) -"I I I AGREEM, ENT AND BOND , . , THIS AGREEMENT, by and between the CITY OF CLEAR WATER, FLORIDA, a municipal corporation, hereinafter called" CITY," and LAURANCE & ASSOCIATES, a Florida corporation, hereinafter called "CONTRACTOR," WIT N E SSE T H: ---------- That in consideration of the mutual covenants and agreementl3 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:for Florida Power Corporation: Underground electrical conduit at Fifth Street, West of Coronado Drive, Clearwater Beach, Florida, according to Drawing flR-162-D. 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 all trenches during back-filling. 5. Contractor shall be wholly responsible for the repair and replacement of utilities and other damage caused by the accomplish- ment 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 -1- (C / r_; "_'_ / '7 '; (J{ ( i) -'. . ~ I 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. Contractot 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 Four Thousand Dollars ($4,000.00) to City in the event of Contractor's breach or default of any of Contractor's covenants, agreement s or obliga.tidl."1s of Contractor hereunder; If all of the covenants, agreements or obligations of Contractot hereunder be faithfully performed by said Contractor j then this bohd 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 calami ty . WITNESS the hands and seals of the parties hereto, this /1/ va day of June , 196 5 CITY OF CLEARW I-'--:J::ER_,_" FLORIDA ({--Q~Jg ~ty Manager _:_ ~ ~' '.~ L Approved as to form and correct- n~~~ ~ Attorn t , j)I Countersigned: ~~ S OCIA~C' ~ A~ ~L""'~ ~...u..I. :.2,.. t.- -U Q,)J? c .' -2-