HomeMy WebLinkAbout108811 NEENAN CO - CONTRACT - RFP - P954 POLICE SERVICES FACILITY DESIGN & BUILD00600 PERFORMANCE BOND
Bond No. 104444237
KNOW ALL MEN BY THESE PRESENTS: that
(Firm) The Neenan Company LLLP
(Address) 2620 E. Prospect Road, Suite 100 Fort Collins CO 80525
(an Individual), (a Partnership), (a Corporation), hereinafter referred to as "the Principal," and
(Firm) Travelers Casualty and Surety Company of America
(Address) One Tower Square -13 CZ Hartford CT 06183-6014
hereinafter referred to as "the Surety", a corporation authorized to do business in the State of
Colorado, are held and firmly bound unto the City of Fort Collins, 300 West LaPorte Avenue,
Post Office Box 580, Fort Collins, Colorado 80522, a Municipal Corporation, hereinafter referred
Nineteen Million Nine Hundred Sixteen ($ g g16,509.00 ) in lawful
to as "the Owner", in the penal Sum Of Thousand Five Hundred Nine Dollars and 00/100
money of the United States, for the payment of which sum well and truly to be made, we bind
ourselves, successors and assigns, jointly and severally, firmly by these presents.
THE CONDITIONS OF THIS OBLIGATION are such that whereas the Principal entered
into a certain Construction Agreement with the Owner, dated the loth day of February ,
2005, a copy of which is hereto attached and made a part hereof for the performance of City of
Fort Collins Construction Portion only of Police Services Facility, specifically excluding Design and Pre -Construction portions
NOW, THEREFORE, if the Principal shall well, truly and faithfully perform its duties,
all the undertakings, covenants, terms, conditions and agreements of said Construction Agreement
during the original term thereof, and any extensions thereof which may be granted by the Owner,
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with or without Notice to the Surety and during the life of the guaranty period, and if the Principal
shall satisfy all claims and demands incurred under such Contract Agreement, and shall fully
indemnify and save harmless the Owner from all cost and damages which it may suffer by reason
of failure to do so, and shall reimburse and repay the Owner all outlay and expense which the
Owner may incur in making good any default, and then this obligation shall be void; otherwise
to remain in full force and effect.
PROVIDED, FURTHER, that the said Surety, for value received, hereby stipulates and
agrees that no change, extension of time, alteration or addition to the terms of the Contract
Agreement or to the work to be performed thereunder or the specifications accompanying the same
shall in anyway affect its obligation on this bond; and it does hereby waive notice of any such
change, extension of time, alteration or addition to the terms of the Contract Agreement or to the
work or to the specifications.
PROVIDED, FURTHER, that no final settlement between the Owner and the Contractor
shall abridge the right of any beneficiary hereunder, whose claim may be unsatisfied.
IN WITNESS WHEREOF, this instrument is executed in three counterparts, each one of
which shall be deemed an original, this 11th day of February 2005.
IN PRESENCE OF:
�rinciy �^
he Nee ompany LP, y: Ne an
Manage nt Compa its ner art
(Title)
2620 E. Prospect Road, Suite 100 Fort Collins, CO 80525
(Address)
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IN PRESENCE OF:
IN PRESENCE OF:
/r I_�..�i�� i
Karen A. Feggestad
(SURETY SEAL)
Other Partners
By:
By:
By:
Surety
TravelCasualty an Sure Company of America'..
By:
Attorne i �t Shelley Czalk,.o C•
One Tower Square -13 CZ Hartford CT 06183-6014
(Address)
NOTE: Date of Bond must not be prior to date of Construction Agreement. If Contractor
is Partnership, all partners should execute Bond.
IRM
LOCK OW
Locx7oN COMPANIES OF COLD AOO, INC.
8110 East Union Avenue / Suite 700 / Denve; CO 80237-2984
(303)414.6000/FAX: (303) 865-M
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