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HomeMy WebLinkAbout113109 WATERFORD CORPORATION - CONTRACT - CONTRACT - FORT COLLINS AIRPORTAIRPORT SECURITY IMPROVEMENTS AGREEMENT FORM FOR IMPROVEMENTS TO FORT COLLINS-LOVELAND MUNICIPAL AIRPORT LOVELAND,COLORADO AIP PROJECT NO.3-08-0023-19 THIS AGREEMENT, made and entered into this 15TM day of , 2005, by and between the Cities of Loveland and Fort Collins, hereinafter referred to as the "Owner" and `��a-,�� �%��U'G}7io"✓• Second Party, hereinafter referred to as the "Contractor". WITNESSETH: Article 1. STATEMENT OF THE WORK. The Contractor shall furnish all labor and materials and perform all work for improvements to Fort Collins -Loveland Municipal Airport, Airport Security Improvements, under AIP Project No. 3-08-0023-19, Awarded Schedule(s) I and IV only, in strict accordance with the Contract Documents, Plans, and Specifications dated April 28, 2005, prepared by CH2M HILL, for improvements to Fort Collins -Loveland Municipal Airport. The Contractor shall complete this work within 30 working days from the effective date of the Notice to Proceed. Article 2. It is hereby further agreed, that, in consideration of the faithful performance of the work by the Contractor, the Owner shall pay the Contractor the compensation due him by reason of said faithful performance of the work, at stated intervals and in the amounts certified by the ENGINEER in accordance with the provisions of this Contract. Article 3. It is hereby further agreed, that, in the completion of the work and its acceptance by the Owner, all sums due the Contractor by reason of his faithful completion of the work, taking into consideration additions to or deductions from the Contract price by reason of "Force Account" work authorized under this Contract in accordance with the provisions of this Contract, will be paid the Contractor by the Owner after said completion and acceptance. Final acceptance cannot be made by the Owner until any and all proper legal advertisements have been made. All payments shall be made in accordance with Colorado Revised Statute 38-26-107. Article 4. It is hereby further agreed that any reference herein to the "Contract" shall include all "Contract Documents" as the same are listed and described in the General Provisions, issued in connection with the improvements to Fort Collins -Loveland Municipal Airport, Airport Security Improvements, under AIP Project No. 3-08-0023-19, and said "Contract Documents" are hereby made a part of this agreement as fully as if set out at length herein. Article 5. It is hereby further agreed that the FAA General Provisions, the FAA Special Provisions, and the Project Special Provisions issued in connection with the improvements to Fort Collins -Loveland Municipal Airport, Airport Security Improvements, under AIP Project DEN/326440.AA.R 1 /S 00511I2 1 AGREEMENT FORM I ALR.PORT SECURITY ItvIPROVEMENTS his obligation to furnish maintenance, repairs or replacements for the Hill guarantee period provided in the specification contained herein then this obligation shall be null and void, otherwise it shall remain in full force and effect. Further conditions of the foregoing obligations are such that the Principal and Surety will guarantee the work performed under this Contract against defects in workmanship performed by the Principal and all defects in materials furnished by him which appear within a period of one calendar year after the final acceptance of the work by the Owner. Under this guarantee, the Principal and Surety shall repair or replace all defective workmanship and material provided by the Principal appearing within t year after the completion and acceptance of the work, at no cost to the Owner. PROVIDED FURTHER, that the Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terns of the contract or to the work to be performed thereunder, or the specifications accompanying the same shall in any way affect its obligations of this bond, and it does hereby waive notice of any such change, extension of time, alteration, or addition to the terms of the contract or to the work, or the specifications. rN WITNESS WHEREOF, said Principal and Surety have set their hands and seals at 8310 S. Valley Highway, 3rd Floor, Englewood, CO 80112 , this 6th clay of September , 2005, A.D. Waterford Corporation Principal ( ntractor By: -- — Attest: �14� First National Insurance Company _of America Surety By, T Mitchel , ttor ey ct Attest: 1 Mar an V EAL) Munz (Accompany this bond with Attorney- In-Fact's authority from the Surety to execute bond, certified to include the date of the bond.) END OF SECTION DEN/326440.AA.R 1/S 00512I J 4 APRIL 28, 2005 PERFORMANCE BOND 0 El AIRPORT SECURITY IMPROVEI[ENTS PAYILENT BOND KNOW ALL MEN BY THESE PRESENTS: That wc, the undersigned, Waterford Corporation Bond # 6302673 as Principal, and First National Insurance Company of America 8310 S. Valley Highway, 3rd Floor, Englewood, CO 80112 a corporation organized and existing under and by virtue of the laws of the State of Washington and duly authorized to transact business in the State of Colorado, as Surety, are held and firmly bound unto the Cities of Loveland and Fort Collins, Colorado, hereinafter referred to as the Owner, in the penal sum of Ninety Nine Thousand Two Hundred Ninety Seven & No/100--------------------------------- dollars (100 percent of Contract Value) (S99,297.00 ), lawful money of the United Sates of America, for the payment of which well and truly to be made the said Principal and the said Surety do hereby bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents, as follows: The condition of the above obligation is such that: WHEREAS, the said Principal has entered into a written contract with the Cities of Loveland and Fort Collins, for improvements to Fort Collins -Loveland Municipal Airport tinder AIP Project No. 3-08-0023-19, in conformity with the Drawings, Plans, General and Special Provisions, and Specifications prepared by CH2M HILL of Englewood, Colorado, which contract, drawings, plans, General and Special Provisions, and specifications are hereby referred to and made a part hereof, the same to all intents and purposes as if written at length herein, in which contract the said Principal has contracted to perform the work specified in said contract in accordance with the terms hereof; NOW THEREFORE, THE CONDITIONS OF THE OBLIGATION are such that if the above Principal shall well, truly, and faithfully satisfy all claims and demands incurred by the Principal in the performance of said contract and any additions thereto, except that no change will be made which increases the total contract price by more than 25 percent in excess of the original contract price without notice to the Surety, then this obligation to be void, otherwise to remain in full force and virtue, and comply; and shall satisfy all claims and demands incurred in the performance of said contract and shall fully indemnify and save harmless the Owner from all damages, claims, demands, expense and charge of every kind (including claims of patent infringement) arising from any act, omission, or neglect of said Principal, his agents, or employees with relation to said work; and shall fully reimburse and repay to the Owner all costs, damages, and expenses which they may incur in making good 04 :a DEN/326440.AA.R1/S APRIL 28, 2005 00513I 1 PAYMENT BOND AIRPORT SECURITY IMPROVEMENTS any default based upon the failure of the Principal to fulfill his obligation to furnish maintenance, repairs or replacements for the full guarantee period provided in the specification contained herein and a condition of this bond shall be that the Contractor shall at all times promptly make payments of all amounts lawfully due to all persons supplying or furnishing him or his subcontractors with labor and materials used or performed in the prosecution of work provided for in the above contract, and that the undersigned will indemnify and save harmless the Owner for the extent of any and all payments in connection with the canying out of such contract, then this obligation shall be null and void, otherwise it shall remain in full force and effect. PROVIDED FURTHER, that if the said Contractor fails to fully pay for any labor, materials, team hire, sustenance, provision, provender, gasoline, lubricating oils, fuels, oils, grease, coal, or any other supplies or materials used or consumed by said Contractor or his subcontractors in performance of the work contracted to be done, the Surety will pay the same in any amount as provided by law. PROVIDED FURTHER, that the Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the contract or the specifications accompanying the same shall in any way affect its obligations of this bond, and it does hereby waive notice of any such change, extension of time, alteration, or addition to the terms of the contract or to the work, or the specifications. IN WITNESS WHEREOF, said Principal and Surety have set their hands and seals at 8310 S. Valley Highway, 3rd Floor Englewood, CO 80112 _,this 6th day of September , 2005, A.D. Waterford Corporation Principal ontragt' /' � First Attest: I Y Marya ne ( pI,) Munz (Accompany this bond with Attorney-In-Fact's authority from the Surety to execute bond, certified to include the date of the bond.) END OF SECTION DEN/326440.jAiA.R1/S APRIL 28, 2005 005131 2 PAYMENT BOND S A F E C O' POWER FIRST NATIONAL INSURANCE COMPANY OF AMERICA OF ATTORNEY PO BOX 34526 FIRST NATIONAL SURETY SEATTLE. WA 98124-1526 PO BOX 34526 SEA17LE, WA 98124-1526 No. 13105 KNOW ALL BY THESE PRESENTS: That FIRST NATIONAL INSURANCE COMPANY OF AMERICA, a Washington corporation, does hereby appoint •r srr rrrrr rr s. rr rr rss•ssassrrrwswssrrrrrrrsrrssrsrsTlM MITCHELL;Englewood, ColoradOrrrsrsrrssrssssarssssssssrrrnsrrsrnsrrrrs sra rr rrrr. its true and lawful attomey(s)-in-fact, with full authority to execute on behalf of the company fidelity and surely bonds or undertakings and other documents of a similar character issued by the company in the course of its business, and to bind FIRST NATIONAL INSURANCE COMPANY OF AMERICA thereby as fully as if such instruments had been duly executed by its regularly elected officers at its home office. IN WITNESS WHEREOF, FIRST NATIONAL INSURANCE COMPANY OF AMERICA has executed and attested these presents this 19th CHRISTINE MEAD, SECRETARY CERTIFICATE day of August 2004 4� r ,cy_4__� MIKE MCGAVICK, PRESIDENT Extract from the By -Laws of FIRST NATIONAL INSURANCE COMPANY OF AMERICA: "Article V. Section 13. - FIDELITY AND SURETY BONDS ... the President, any Vice President, the Secretary, and any Assistant Vice President appointed for that purpose by the officer in charge of surety operations, shall each have authority to appoint individuals as attorneys -in -fact or under other appropriate titles with authority to execute on behalf of the company fidelity and surety bonds and other documents of similar character issued by the company in the course of its business... On any instrument making or evidencing such appointment, the signatures may be affixed by facsimile. On any instrument conferring such authority or on any bond or undertaking of the company, the seat, or a facsimile thereof, may be impressed or affixed or in any other manner reproduced; provided, however, that the seal shall not be necessary to the validity of any such instrument or undertaking." Extract from a Resolution of the Board of Directors of FIRST NATIONAL INSURANCE COMPANY OF AMERICA adopted July 28, 1970. "On any certificate executed by the Secretary or an assistant secretary of the Company setting out, (i) The provisions of Article V, Section 13 of the By -Laws, and . (ii) A copy of the power -of -attorney appointment, executed pursuant thereto, and (iii) Certifying that said power -of -attorney appointment is in full force and effect. the signature of the certifying officer may be by facsimile, and the seal of the Company may be a facsimile thereof." I, Christine Mead, Secretary of FIRST NATIONAL INSURANCE COMPANY OF AMERICA, do hereby certify that the foregoing extracts of the By -Laws and of a Resolution of the Board of Directors of this corporation, and of a Power of Attorney issued pursuant thereto, are true and correct, and that both the By -Laws, the Resolution and the Power of Attorney are still in full force and effect. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the facsimile seal of said corporation this 6th dayof September 2005 SEAL C 19 2 8 �O%wASP�+�,��•+• • CHRISTINE MEAD, SECRETARY S-10491FNEF 719B 0 A registered trademark or SAFECO Corporation IMPORTANT NOTICE TO SURETY BOND CUSTOMERS REGARDING THE TERRORISM RISK INSURANCE ACT OF 2002 As a surety bond customer of one of the SAFECO insurance companies (SAFECO Insurance Company of America, General Insurance Company of America, First National Insurance Company of America, American States Insurance Company or American Economy Insurance Company), it is our duty to notify you that the Terrorism Risk Insurance Act of 2002 extends to "surety insurance". This means that under certain circum- stances we may be eligible for reimbursement of certain surety bond losses by the United States government under a formula established by this Act. Under this formula, the United States government pays 90% of losses caused by certified acts of terrorism that exceed a statutorily established deductible to be paid by the insurance company providing the bond. The Act also establishes a $100 billion cap for the total of all losses to be paid by all insurers for certified acts of terrorism, tosses on some or all of your bonds may be subject to this cap. This notice does not modify any of the existing terms and conditions of any bonds issued for your account, the underlying agreements guaranteed by those bonds, any statutes governing the terms of those bonds or any generally applicable rules of law. At this time there is no premium change to any of your bonds resulting from this Act. Dated: 09/06/05 AIRPORT SECURITY IMPROVEMENTS No. 3-08-0023-19, are hereby made a part of this agreement as fully as if set out at length herein. Article 6. Contract Clauses and Requirements for Construction Contracts. A. General and Labor Clauses for All Construction Contracts and Subcontracts. Airport Improvement Program Project. The work in this Contract is included in Airport Improvement Program Project No. 3-08-0023-19 which is being undertaken and accomplished by the Owner in accordance with the terms and conditions of a grant agreement between the Owner and the United States under the Title 49 U.S.C. Subtitle VII and the Rules and Regulations of the Federal Aviation Administration pursuant to which the United States has agreed to pay a certain percentage of the costs of the project that are determined to be allowable project costs under the Act. The United States is not a party to this contract and no reference in this contract to the FAA or any representative thereof, or to any rights granted to the FAA or any representative thereof, or the United States, by the Contract, makes the United States a party to this contract. 2. Consent to Assignment. The Contractor shall obtain the prior written consent of the Owner to any proposed assignment of any interest in or part of this Contract. 3. Convict Labor. No convict labor shall be employed under this contract. 4. Veteran's Preference. In the employment of labor (except in executive, administrative, and supervisory positions), preference shall be given to qualified individuals who have served in the military service of the United States [as defined in Section 101 (1) of the Soldiers' and Sailors' Civil Relief Act of 1940, as amended, 50 App. U.S.C. 511 (1)] and have been honorably discharged from the service, except that preference may be given only where that labor is available locally and the individual is qualified to perform the work to which the employment relates. 5. Withholding, Owner from Contract. Whether or not payments or advances to the Owner are withheld or suspended by the FAA, the Owner may withhold or cause to be withheld from the Contractor so much of the accrued payments or advances as may be considered necessary to pay laborers and mechanics employed by the Contractor or any subcontractor on the work the full amount of wages required by this contract. 6. Nonpayment of Wages. If the Contractor or any subcontractor fails to pay any laborer or mechanic employed or working on the site of the work any of the wages required by this contract, the Owner may, after written notice to the Contractor, take such action as may be necessary to cause the suspension of any further payment or advance of funds until the violations cease. DEN/326440.AA.R1/S 00511I2 2 AGREEMENT FORM AIRPORT SECURITY IMPROVEMENTS 7. FAA Inspection and Review. The Contractor shall allow any authorized representative of the FAA to inspect and review any work or materials used in the performance of this contract. 8. Subcontracts. The Contractor shall insert in each of his subcontracts the provisions contained in paragraphs 1, 3, 4, 5, 6, and 7 of this section and also a clause requiring the subcontractors to include these provisions in any lower tier subcontracts which they may enter into, together with a clause requiring this insertion in any further subcontracts that may in turn be made. 9. Contract Termination: A breach of paragraphs 6, 7, and/or 8 may be grounds for termination of the Contract. B. Bonding Clauses for Construction Contracts and Subcontracts: 1. The Contractor agrees to furnish a performance bond for 100 percent of the Contract price. This bond is one that is executed in connection with a contract to secure fulfillment of all the Contractor's obligation under such contract. 2. The Contractor agrees to furnish a payment bond for 100 percent of the Contract price. This bond is one that is executed in connection with a contract to assure payment as required by law of all persons supplying labor and material in the execution of the work provided for in the Contract. C. Lobbying and Influencing Federal Employees: No Federal appropriated funds shall be paid, by or on behalf of the Contractor, to any person for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with the awarding of any Federal contract, the making of any Federal Grant, the making of any Federal loan, the entering into of any cooperative agreement, and the extension, continuation, renewal, amendment, or modification of any Federal contract, grant, loan, or cooperative agreement. 2. If any funds other than Federal appropriated funds have been paid or will be paid to any person for influencing or attempting to influence an officer or employee of any agency, a Member of Congress, an officer or employee of Congress, or an employee of a Member of Congress in connection with any Federal contract, grant, loan, or cooperative agreement, the Contractor shall complete and submit Standard Form-LLL, "Disclosure of Lobby Activities," in accordance with its instructions. 3. The Contractor shall require that the language of paragraphs 1 and 2 of this section be included in the award documents for all subawards at all tiers (including subcontracts, subgrants, and contracts under grants, loans, and DEN/326440.AA.R 1 /S 00511I2 3 AGREEMENT FORM AIRPORT SECURITY IMPROVEMENTS cooperative agreements) and that all subrecipients shall certify and disclose accordingly. D. Miscellaneous Clause Requirements for All Construction Contracts and Subcontracts Unless Otherwise Indicated. During the performance of this contract, the Contractor, for itself, its assignees and successors in interest (hereinafter referred to as the "Contractor") agrees as follows: Compliance with Regulations. The Contractor shall comply with the Regulations relative to nondiscrimination in federally assisted programs of the Department of Transportation (hereinafter "DOT") Title 49, Code of Federal Regulations, Part 21, as they may be amended from time to time (hereinafter referred to as the Regulations), which are incorporated by reference and made a part of this contract. Nondiscrimination. The Contractor, with regard to the work performed by it during the contract, shall not discriminate on the grounds of race, sex, age, color, or national origin in the selection and retention of subcontractors, including procurement of materials and leases of equipment. The Contractor shall not participate either directly or indirectly in the discrimination prohibited by Section 21.5 of the Regulations, including employment practices when the contract covers a program set forth in Appendix B of the Regulations. Solicitations for Subcontractors Including Procurement of Materials and Equipment. In all solicitations either by competitive bidding or negotiation made by the Contractor for work to be performed under a subcontract, including procurement of materials or leases of equipment, each potential subcontractor or supplier shall be notified by the Contractor of the Contractor's obligations under this contract and the Regulations relative to nondiscrimination on the grounds of race, sex, age, color, or natural origin. Information and Reports. The Contractor shall provide all information and reports required by the Regulations or directive issued pursuant hereto, and shall permit access to its books, records, accounts, other sources of information and its facilities as may be determined by the Sponsor or the FAA to be pertinent to ascertain compliance with such Regulations, orders and instructions. Where any information required of a Contractor is in the exclusive possession of another who fails or refuses to furnish this information, the Contractor shall so certify to the Sponsor or the FAA as appropriate, and shall set forth what efforts it has made to obtain the information. 5. Sanctions for Noncompliance. In the event of the Contractor's noncompliance with the nondiscrimination provisions of this contract, the Sponsor shall impose such contract sanctions as it or the FAA may determine to be appropriate, including, but not limited to: DEN/326440.AA.R1/S 00511I2 4 AGREEMENT FORM AIRPORT SECURITY IMPROVEMENTS a) Withholding of payments to the Contractor under the contract until the Contractor complies, and/or b) Cancellation, termination or suspension of the contract, in whole or in per• 6. Incorporation of Provisions. The Contractor shall include the provisions of paragraphs D.1. through 5. in every subcontract, including procurement of materials and leases of equipment, unless exempt by the Regulations or directives issued pursuant thereto. The Contractor shall take such action with respect to any subcontract or procurement as the Sponsor or the FAA may direct as a means of enforcing such provisions including sanctions for noncompliance. Provided, however, that, in the event a Contractor becomes involved in, or is threatened with, litigation with a subcontractor or supplier as a result of such direction, the Contractor may request the Sponsor to enter into such litigation to protect the interests of the Sponsor and, in addition, the Contractor may request the United States to enter into such litigation to protect the interests of the United States. 7. Breach of Contract Terms Sanctions — 49 CFR Part 18. Any Violation or breach of the terms of this contract on the part of the Contractor/Subcontractor may result in the suspension or termination of this contract or such other action which may be necessary to enforce the rights of the parties of this agreement. 8. Termination of Contract — 49 CFR Part 18 a) The Sponsor may, by written notice, terminate this contract in whole or in part at any time, either for the Sponsor's convenience or because of failure to fulfill the contract obligations. Upon receipt of such notice services shall be immediately discontinued (unless the notice directs otherwise) and all materials as may have been accumulated in performing this contract, whether completed or in progress, delivered to the Sponsor. b) If the termination is for the convenience of the Sponsor, an equitable adjustment in the contract price shall be made, but no amount shall be allowed for anticipated profit on unperformed services. c) If the termination is due to failure to fulfill the contractor's obligations, the Sponsor may take over the work and prosecute the same to completion by contract or otherwise. In such case, the contractor shall be liable to the sponsor for any additional cost occasioned to the Sponsor thereby. d) If, after notice of termination for failure to fulfill contract obligations, it is determined that the contractor had not so failed, the termination DEN/326440.AA.R1/S 00511I2 5 AGREEMENT FORM AIRPORT SECURITY IMPROVEMENTS shall be deemed to have been effected for the convenience of the Sponsor. In such event, adjustment in the contract price shall be made as provided in paragraph D.8.b) of this clause. e) The rights and remedies of the sponsor provided in this clause are in addition to any other rights and remedies provided by law or under this contract. 9. Rights to Inventions/Materials. All rights to inventions and materials generated under this contract are subject to regulations issued by the FAA and the recipient of the Federal grant under which this contract is executed. Information regarding these rights is available from the FAA and the Sponsor. 10. Inspection of Records — 49 CFR Part 18. The contractor shall maintain an acceptable cost accounting system. The Sponsor, the FAA, the Comptroller General of the United States shall have access to any books, documents, paper, and records of the contractor which are directly pertinent to the specific contract for the purposes of making an audit, examination, excerpts, and transcriptions. The contractor shall maintain all required records for three years after the Sponsor makes final payment and all other pending matters are closed. Article 7. The Contractor agrees to accept as his full and only compensation for the performance of all the work required under this contract such sum or sums of money as may be proper in accordance with the price or prices set forth in the Contractor's proposal attached hereto and made a part hereof covering all of the items. Article 8. To the extent allowed by law, the Contractor agrees to indemnify, defend, and hold harmless the Owner, from any and all claims and damages to property and injury to persons which may arise both of and during operations under this Contract, whether such operations be by the Contractor or by any subcontractor or anyone directly or indirectly employed by the Contractor or any other employee or person employed or engaged on or about, or in connection with, the construction. Article 9. As required by Colorado Revised Statutes 24-91-103.6, the Owner hereby provides assurance that funds adequate to cover Contract Price have been appropriated. To the extent this Contract constitutes a multiple fiscal year debt or financial obligation of the City of Loveland or the City of Fort Collins, it shall be subject to annual appropriation pursuant to their respective charters and Article X, Section 20 of the Colorado Constitution. Neither the City of Loveland nor the City of Fort Collins shall have any obligation to continue this Contract in any fiscal year in which no such appropriation is made. Article 10. Venue and jurisdiction of any action will only be brought in the District Court in and for the Eight (8`h) Judicial District (Fort Collins, Larimer County, Colorado). DEN/326440.AA.R 1 /S 00511I2 6 AGREEMENT FORM AIRPORT SECURITY IMPROVEMENTS Article 11. In the event of a breach of this agreement, the breaching party shall pay to the non -breaching party all reasonable attorney fees, cost, and other expenses, incurred by the non -breaching party enforcing its rights as a result of said breach. The total estimated cost for the Airport Security Improvements under AIP Project No. 3-08-0023-19, thereof to be $96,647.00 for Schedule I and $2,650.00 for Schedule IV, Total of Ninety -Nine Thousand Two Hundred Ninety -Seven and 00/100 Dollars ($99,297.00). IN WITNESS WHEREOF, The First Party and the Second Party, respectively have caused this agreement to be duly executed the day and year first herein written in six (6) copies, all of which to all intents and purposes shall be considered as the original. APMP),c AS M FORM Vr a ASSISTANT CITY ATTORNEY Title: Accountant, Waterford Corporation OWNER, First Party The City of Fort Collins Title: �::•ZS c�'v L.� V0r. cj, k The City of Loveland Y CONTRACTOR, Second Party By _— Title: President, Waterford Corporation END OF SECTION DEN/326440.AA.R1 /S 00511127 AGREEMENT FORM I eI acoRo CERTIFICATE OF LIABILITY INSURANCE DATE IMMIOO/YVVY) ►RODUCSR Milne Scali & Company -Denver 6310 S. Valley Highway- 3rd F1 Englewood CO 00112 Pbone1303-706-9700 Waterford Corporation 404 North Link Lane Fort Collins CO 80524 COVERAGES THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND. EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. INSURERS AFFORDING COVERAGE A; NAIC Y 16988 INSURER B: "players Cp,,pmseeips Tu Co WSURERC: - INSURER Er THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE IN: UREO NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CON TRACT OR OTHER DO :UMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POL CIES DESCRIBED He :EIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. AGGREGATE LIMITS SHOWN MAY HAVE SEEN REDUCED BY PAID C AIMS. ILTR ONSR13 TYPE OF INSURANCE POLCY NUMBI R DATE MW00" DATE I MA lYV LIMITS GENERAL LIABILITY EACH OCCURRENCE $1000000 PREMISES (as $50000 A X X COMMERCIAL GENERAL LIABILITY 45131778 06/23/05 06/23/06 MED EXP [Any one PL•spnl S 5 D00 CLAWS MADE D OCCUR PERSONAL A AOV INJURY $1000000 GENERAL AGGREGATE E2000000 GEN'L AGGREGATE LRIMIT. APPLIES PER, FIROOUCTS-COMP/OPAGG s 2000000 POLICY 4PEGT Ll LOC A AUTOMOBILE LIABILITY ANY AUTO 45131778 06/23/05 06/23/06 COMBINED SINGLE LIMIT IEsscmen'I $1000000 — X BODILY INJURY (pp perlprI) ALL OWNED AUTOS SCHEDULED AUTOS $ _ X X S HIRED AUTOS NON -OWNED AUTOS BODILY INJURY [Per Rx+donll - PROPERTYDAMAGE (Pr acodenU $ . DARAGE LIABILITY AUTO ONLY • EA ACCIDEN I S S ANY AUTO OTHER THAN EA ACC AUTO ONLY: AGO S EXCESBNMBRELLA LIABILITY EACH OCCURRENCE S 1000000 AGGREGATE I S 1000000 A X OCCUR 0 cLAWsMADE 49131778 06/23/05 06/23/06 s s DEDUCTIBLE S X RETENTION $10000 WORKERS COMPENSATION AND X TORY OMIT& ER� E.L. EACH ACCIDENT S 200000 _ $100000 B EMPLOYERS' LIABILITY ANY PROPRIETOWPARTNER/EXECVTIVE YN1122058 OFFICER/MEMBER EXCLUDED? 04/01/05 04/01/06 EL. DISEASE - EA EMPLOYE E.L DISEASE • POLICYLIMIT S SOOOOO H yes. descron under SPECIAL PROVISIONS Uelo TAOSquIpmentFloater 4'131778 06/23/OS 06/23/06 LeaseRent $60,000 o Ph s Damage 45131778 06/23/05 06/2 )/Coll $250/$500 DESCRIPTION OF OPERATIONS I LOCATIONS I VEACLES / EXCLUSIONS ADOE BY ENDORSEMENT / SPECIAL PROVISIONS Re: Fort Collins- Loveland Wunicipal A:,rport Project: Airport Security Improvements A.I.Y. Project No. 3-08-0023-19 Project Location: Loveland, CO The cities of Fort Collins and LovelawL are named as additional insured for General Liability. *Except 20 days not..ce of cancellation of premium. CERTIFICATE HOLDER Fort Collins- Lovelaad Municipal Airport Dave Gordon- Airport Director 4900 Rarhart Road Loveland CO 80539 CANCELLATION FORTCOL SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLEO BEFORE THE EXPIRATIO DATE THEREOF, THE ISSUING INSURER WILL ENDEAVOR TO MAIL 30_ OAYB WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FAILURE TO 00 SO SHALL IMPOSE NO OBLIGATION OR LABILITY OF ANY KIND UPON THE INSURER, ITS AGENTS OR 25(2001100) p q6 w AIRPORT SECURITY IMPROVEMENTS PERFORtbIANCE BOND KNOW ALL N.tEN BY THESE PRESENTS: Bond # 6302673 That we, the undersigned, , Waterford Corporation 404 N. Link Lane, Fort Collins, CO 80524 as Principal, and First National Insurance Company of America 8310 S. Valley Highway, 3rd Floor, Englewood, CO 80112 a corporation organized and existing under and by virtue of the laws of the State of 10 Washington and duly authorized to transact business in the State of Colorado, ± as Surety, are held and firmly bound unto the Cities of Loveland and Fort Collins, Colorado, M Hereinafter referred to as the Owner, in the penal sum of Ninety Nine Thousand Two Hundred Ninety Seven & No/100-------------------------------- dollars (100 percent of Contract Value) (S 99 , 297.00 ), lawful money of the United Sates of America, for the payment of which well and truly to be made the said Principal and the said Surety do hereby bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these go presents, as follows: The condition of the above obligation is such that: WHEREAS, the said Principal has entered into a written contract with the Cities of Loveland and Fort Collins, for improvements to Fort Collins -Loveland Municipal Airport under ALP Project No. 3-08-0023-19, in conformity with the Drawings, Plans, General and Special Provisions, and Specifications prepared by CH2iM HILL of Englewood, Colorado, which contract, drawings, plans, General and Special Provisions, and specifications are hereby referred to and made a part hereof, the same to all intents and purposes as if written at length herein, in which contract the said Principal has contracted to perform the work r11 specified in said contract in accordance with the terms hereof; NOW THEREFORE, TIIE CONDITIONS OF THIS OBLIGATION are such that if the above bonded Principal shall well, truly, and faithfully perform said contract and any alterations in and additions thereto and comply with all of the terns and provisions thereof except that no change will be made which increases the total contract price by more than 25 percent in excess of the original contract price without notice to the Surety, then this obligation to be void, otherwise to remain in frill force and virtue, and comply; and shall fully indemnify and save harmless the Owner from all damages, claims, demands, expense and charge o f every kind (including claims of patent infringement) arising from any act, 9% omission, or neglect of said Principal, his agents, or employees with relation to said work; and shall fully reimburse and repay to the Owner all costs, damages, and expenses which they may incur in making good any default based upon the failure of the Principal to fulfill DEN/326440.AA.R1/S APRIL 28, 2005 00512I 1 PERFORMANCE BOND