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Home My WebLink AboutRESPONSE - BID - 7048 MASON BIKE PEDESTRIAN TRAIL (13)BID 'BOND KNOW ALL MEN BY THESE PRESENTS: that we, the undersigned Walsh Construction Co.. Inc as Principal, -and as.Surety, are -hereby held and firmly.bound unto the City of. Fort .Collins, Colorado, as OWNER, in the sum of $5%. of.amount bid . fo.r 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. 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 2009 , 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 SURETY Name: Walsh. Construction, Inc. Address: 8139 Open View Place Loveland, CO 80537 By: Matthew sh Title: President ATTEST - By: Developers Surety & Indemnity 5613 DTC Parkway Greenwood Village, CO 80111 By: David A. Wooldridge Title: Attorney -In -Fact Rev 10/20/07 Section 00410 Page 3 POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY PO Box 19725, IRVINE, CA 92623 (949) 263-3300 KNOW ALL MEN BY THESE PRESENTS, that as except as expressly limited, DEVELOPERS SURETY AND INDEMNITY COMPANY, do each, hereby make, constitute and appoint: ***Steven G. Smith, Trent L. Smith, David A. Wooldridge, jointly or severally*** as their true and lawful Aftorney(s)-in-Fact, to make, execute, deliver and acknowledge, for and on behalf of said corporations, as sureties, bonds, undertakings and contracts of surety- ship giving and granting unto said Attorney(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 each of said corporations could do, but reserving to each of said corporations full power of substitution and revocation, and all of the acts of said Attorney(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 resolutions adopted by the respective Board of Directors of DEVELOPERS SURETY AND INDEMNITY COMPANY, effective as of January 1st, 2008. RESOLVED, that the chairman of the Board, the President and any Vice President of the corporation be, and that each of them hereby is, authorized to execute Powers of Attorney, qualifying the attomey(s) named in the Powers of Attorney to execute, on behalf of the corporations, bonds, undertakings and contracts of suretyship; and that the Secretary or any Assistant Secretary of the corporations 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 corporations 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 have severally caused these presents to be signed by their respective Vice President and attested by their respective Assistant Secretary this January 1st, 2008. ANp pro•, By: ce President Stephen T. Pate, Senior Viceo¢. : a OCT, Illy By. w 1 10 tL:. 1 9 6 Charles L. Day, Assistant Secretary p'�,`. State of California County of Orange On August 13th 2008 before me, Jenny TT Nguyen Notary Public Date Here Insert Name and Title of the Officer personally appeared Stephen T. Pate and Charles L. Da Name(s) of Signer(s) t#d�le�aba:>oi10 JENNY TT NGUYEN comm. #f 1791640 NOTARY PUBLIC ORANGE COUNN My oomm. expires Feb.19, 2DiZ .ter... , Place Notary Seal Above who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) islare subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the persons) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Signature` r Je TT Ng n I CERTIFICATE The undersigned, as Assistant Secretary, 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 resolutions of the respective Boards of Directors of said corporations set forth in the Power of Attorney, are in force as of the date of this Certificate. / This Certificate is executed in the Cityof Irvine, California, the dayof (/ -2y/ �r J J / By: Albert Hillebrand, Assistant recretary ID-1438(Wet)(Rev.10/11)