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March 9, 2015 <br />e SETY <br />Seacost Utility Authority <br />4200 Hood Road <br />Palm Beach Gardens, FL 33410-2198 <br />RE: Johnson -Davis, dncorporated, as Contractor —Certification of Pre -Qualification for <br />Annual Construction and Maintenance Contract for Reclaimed, Wastewater and <br />Water Facilities laid No: R1540 <br />To Whom It May Concern: <br />It is our understanding that you are considering Johnson -Davis, Incorporated as the contractor for <br />your construction project. We are prepared to provide .surety bond credit for them well in excess <br />of your requirements as we entertain a single project bonding capacity of Thirty -Five Million <br />Dollars ($35,000,000) and a total aggregate bonding capacity in excess of Eighty Million dollars <br />($80,000,000). <br />Liberty Ivlutual Insurance. Coinpany has. supported Johnson -Davis for over 15 years and <br />considers Johnson -Davis, Incorporated to be one of our most valued clients. Liberty Mutual has <br />never declined a bond request for this fine account. Liberty Mutual Insurance Company is an <br />"A" (Excellent) rated carrier with a financial size category of XV ($2 billion+) by A.M. Best <br />Company and a US Treasury limit exceeding $1.2 billion, <br />A Performance and Payment Bond equal to one hundred percent of the contract amount is <br />subject to our review and acceptance of the contract terns and conditions, bond forms, <br />construction financing details and a satisfactory underwriting requirement review at the time of <br />the request. We assume no liability to third parties or to you by the issuance of this letter if for <br />an reason we do not execute such bonds. <br />Johnson -Davis is properly financed, well equipped and very capably managed. Their <br />construction team consistently brings their projects in within the budget and on time. Their <br />payment record is excellent and they enjoy an enviable reputation. <br />I highly recommend Johnson -Davis, Inc. and invite your further inquiry. <br />Sincerely, <br />/� <br />l <br />r l!`II <br />1( 1 <br />Kelly Q,' -/\,:Talley, <br />f <br />f• <br />Attorney-` -Fact <br />