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Home My WebLink AboutCORRESPONDENCE - BID - 5932 MASON STREET HARMONY ROAD SPRING CREEK BIKE P (2)Administrative Services Purchasing Division City of Fort Collins October 5, 2005 J-2 Contracting Company 929 38th Avenue Court #106 Greeley, CO 80634 RE: Bid 5932 Mason Street/Harmony Road/Spring Creek Bike/Pedestrian Trail Thank you for recently submitting a bid to the City of Fort Collins for Bid 5932. Your firm was not the low bidder and in accordance with contract specifications, your bid bond is being returned to you. We appreciate the time spent in preparing your bid response and we hope you continue your interest in City of Fort Collins' projects. If you should have any questions, please contact me. Sin c �C James B. O'Neill II, CPPO, FNIGP Director of Purchasing and Risk Management Enclosures: Bid Bond JBO:cpj 215 North Mason Street • 2nd Floor • P.O. Box 580 • Fort Collins, CO 80522-0580 • (970) 221-6775 • FAX (970) 221-6707 r J � SECTION 00410 BID BOND KNOW ALL MEN BY THESE PRESENTS: that we, * the undersigned as Principal, and -DEVELOPERS SURETY AND INDEMNITY COMPANY as Surety, are hereby held and firmly bound unto the City of Port Collins, Colorado, as OWNER, in the sum of $--5%--** for the payment of which, well and truly to be made, we hereby jointly and severally bind ourselves, successors, and assigns, THE CONDITION of this obligation is such that whereas the Principal has submitted to the City of Fort Collins, Colorado the accompanying Bid and hereby made a part hereof to enter into a Construction Agreement for the construction of Fort Collins Project, 5932 Mason Street/Harmony Road/Spring Creek Bike/Pedestrian Trail.. NOW THEREFORE, (a) If said Bid shall be rejected, or (b) If said Bid shall be accepted and the Principal shall execute and deliver a Contract in the form of Contract attached Hereto (properly completed in accordance with said Bid) and shall- furnish a B014D for his faithful performance of said Contract, and for payment of all persons performing labor or furnishing materials in connection therewith, and shall in all other respects perform the Agreement created by the acceptance of said Bid, then this obligation shall be void; otherwise the same shall remain in force and effect, it being expressly understood and agreed that the liability of the Surety for any and all claims hereunder shall, in no event, exceed the penal amount of this obligation as herein stated. The Surety, for value received, hereby stipulates and agrees that the obligations of said Surety and its BOND shall be in no way impaired or affected by any extension of the time w}thin which the OWNER may accept such Bid; and said Surety does hereby waive notice of any such extension. Surety Companies executing bonds must be authorized to transact business in the State of Colorado and be accepted by the OWNER. * J-2 CONTRACTING COMPANY ** FIVE PERCENT OF TOTAL AMOUNT BID --- -------- 7/96 Section 00410 Page 2 J LrJ�, DIM DISCLOSURE RIDER Terrorism Risk Insurance Act of 2002 . The Terrorism Risk Insurance Act of 2002 created a three-year program under which the Federal Government will share in the payment of covered losses caused by certain events of intemational terrorism. The Act requires that we notify you of certain components of the Act, and the effect, if any, the Act will have on the premium charged for this bond_ Under this program, the Federal Government will cover 90 io of the amount of covered losses caused by certified acts of terrorism, -is defined by the Act. The coverage is available only when aaareQate losses resulting from a certified act of terrorism exceed %5,0W,000.00. Insurance carriers must also meet a variable deductible established by the Act_ The Act also establishes a cap of $1,000,000,000.00 for which the Federal Government or an insurer can be responsible. Participation in the program is'rnandatory for specified lines of property and casualty insurance, including surety insurance. The Act does not, howetrer, create coverage in excess of the amount of the bond, nor does it provide coverage for any losses that are otherwise excluded by the terms of t: ;° bond. or by operation of law. No additional premium has been charged for the terrorism coverage required by the Act. Developers Surrty and Indemnity Company Indemnity Company of C thfomia 17780 Fitch rn ine. CA 92614 (949) 263 33DD ta��c_insGudi co.iom POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY PO BOX 19725. IRV INE, CA 92623 - (949) 263-3300 W W W.InscoDico.com KNOW ALL MEN BY THESE PRESENTS, that except as expressly limited. DEVELOPERS SURETY AND INDEMNITY COMPANY does hereby make, _Constitute and mr ***Courtney ip"Veterson, James S. Rosulek, I.R. Richards, Douglas J. Rothey, Susan J. Lattarulo, Cynthia M. Burnett, Florietta Acosta, Donald E. Appleby, Gloria C. Blackburn, Dilynn Guern, Pamela J. Hansen, Kristen L. McCormick, Kevin W. McMahon, Frank C. Penn, jointly or severally*** as its true and lawful Attorneys) -in -Fact, to make, execute, deliver and acknowledge, for and on behalf of said corporation as surely, bonds, undertakings and contracts of suretyship giving and granting unto said Atlorney(s)-in-Fact full power and authority to do and to perform every act necessary, requisite or proper to be done in connection therewith as the corporation could do, but reserving to the corporation full power of substitution and revocation, and all of the acts of said Atiomey(s)-in-Fact, pursuant to these presents, are hereby ratified and confirmed. This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolution adopted by the Board of Directors of DEVELOPERS SURETY AND INDEMNITY COMPANY effective as of November 1.2000: RESOLVED; that the Chairman of the Board. the President and any Vitt President of the corporation be, and that each of them hereby is, authorized to execute Powers of Attorney, qualifying the Atlorney(s)-in-Fad named in the Powers of Attorney to execute, on behalf of the corporation, bonds, undertakings and contracts of suretyship; and that the Secretary or any Assistant Secretary of the corporation be, and each of them hereby is, authorized to attest the execution of any such Power of Attorney; RESOLVED. FURTHER• that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile, and any such Power of Attorney or certificate bearing such facsimile signatures shall be valid and binding upon the corporation when so affixed and in the future with respect to any bond, undertaking or contract of suretyship to which it is attached. IN WITNESS WHEREOF. DEVELOPERS SURETY AND INDEMNITY COMPANY has caused these presents to be sighed by its respective Executive Vice President and attested by its Secretary this 71h day of November, 2001. AND °4Et �.......... -41 ps, David H. Rhodes. Executive Vice President 4 R :y °fie OCT. {_ .We 10 0 1 9 3 6 By: V r .�7� aOW P•,. as Walter A. Crowell. Secretary.......... ••. STATE OF CALIFORNIA ) )SS. COUNTY OF ORANGE ) On November 7, 2001, before me, Antonio Alvarado, personally appeared David H. Rhodes and Walter A. Crowell, personally known to me (or proved to me on the basis of satisfactory evidence) to be the persons whose names are subscribed to the within instrument and acknowledged to me that they executed the same in their authorized capacities, and that by their signatures on the instrument the entity upon behalf of which the persons acted, executed the instrument. WITNESS my hand and official seal _ ANTONIO ALVARADO �.. COMM. i 1300303 � M . ra Notary Public -California p Signature a ORANGE COUNT' $ „ ,.. NY Cantu Expires APRII ta, Z011s i CERTIFICATE The undersigned, as Chief Operating Officer of DEVELOPERS SURETY AND INDEMNITY COMPANY, does hereby certify that the foregoing Power of Attorney remains in full force and has not been revoked, and furthermore, that the provisions of the resolution of the respective Boards of Directors of said corporation set forth in the Power of Attorney, is in force as of the date of this Certificate. This Certificate is executed in the City of Irvine, California, the 30th day of August . 2005 By David G. Lane, Chief Operating Officer ID-1438 (DSI) (11/01)