HomeMy WebLinkAboutRESPONSE - BID - 7048 MASON BIKE PEDESTRIAN TRAIL (5)BID BOND
KNOW ALL MEN BY THESE PRESENTS: that we, the undersigned nnn Kahn rnnstnirtinn J
as Principal, and as Surety, are hereby held and firmly bound unto the City of
Fort Collins, Colorado, as OWNER, in the sum of $ Five Percent of the ** 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, 7048 Mason Bike/Pedestrian Trail -
Spring Creek to Prospect Road.
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 BOND 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 within 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.
*Employers Mutual Casualty Company
**Total Amount Bid ------ (5%------------ )
Rev10/20/07 Section 00410 Page 2
IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their hands
and seals this 24th day of July , 20 0$ and such of them as are
corporations have caused their corporate seals to be hereto affixed and these
presents to be signed by their proper officers, the day and year first set
forth above.
PRINCIPAL
Name: Don Kehn Construction, Inc.
Address:. 6550 South County Road 5
Fort Collins, CO 80528
By:
Title:�—
ATTEST:
By.;
SURETY
Employers Mutual Casualty Company
P.O. Box 712
Des Moines IA 50306-0712
LA —
By: V
Florietta Acosta
Title: Attorney -In -Fact yy ;'y t
(SEAL)!'
Rev 10/20/07 Section 00410 Page 3
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