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' , Bond Number: B 1218909
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<br /> � Cit of Decatur Illinois Contract Bond
<br /> Y ,
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<br /> tProject 2�19 Manhole Rehabilitation Project
<br /> 2019-14
<br /> ' Project Number
<br /> ' We, Front Ran�e Environmental, LLC.
<br /> ' aJan) ❑ Individual ❑ Co-partnership ❑ Corporation organized under the laws of the ,
<br /> ' as PRINCIPAL, and Selective Insurance Company of America,40 Wantage Avenue,Branchvill,New Jerse 07890
<br /> as SURETY,
<br /> ' are held and firmly bound unto the City of Decatur(hereafter referred to as "CITY") in the penal sum of
<br /> One Hundred Ninety-Two Thousand Ei�hty Dollars and 00/100------------------------------------------------------
<br /> ' -------------------------------- ------------------- Dollars ( $192,080.00 ), lawful money of
<br /> United States,well and truly to be paid unto said CITY, for the payment of which we bind ourselves, our heirs,
<br /> executors, administrators, successors,jointly to pay to the CITY this sum under the conditions of this instrument.
<br /> , WHEREAS THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that,the said Principal has
<br /> entered into a written contract with the CITY for the construction of work on the above City Project,which
<br /> , contract is hereby referred to and made a part hereof, as if written herein at length, and whereby the said Principal
<br /> has promised and agreed to perform said work in accordance with the terms of said contract, and has promised to
<br /> pay all sums of money due for any labor, materials, apparatus, fixtures or machinery furnished to such Principal for
<br /> , the purpose of performing such work and has further agreed to pay all direct and indirect damages to any person,
<br /> firm, company or corporation suffered or sustained on account of the performance of such work during the time
<br /> thereof and until such work is completed and accepted; and has further agreed that this bond shall inure to the
<br /> , benefit of any person, firm, company or corporation to whom any money may be due from the Principal,
<br /> subcontractor or otherwise for any such labor, materials, apparatus, fixtures or machinery so furnished and that suit
<br /> may be maintained on such bond by any such person, firm, company or corporation for the recovery of any such
<br /> ' money.
<br /> NOW THEREFORE, if the said Principal shall well and truly perform said work in accordance with the terms of
<br /> , said contract, and shall pay all sums of money due or to become due for any labor, materials, apparatus, fixtures or
<br /> machinery furnished to him for the purpose of constructing such work, and shall commence and complete the work
<br /> within the time prescribed in said contract, and shall pay and discharge all damages, direct and indirect,that may be
<br /> ' suffered or sustained on account of such work during the time of the performance thereof and until the said work
<br /> shall have been accepted, and shall hold the CITY harmless on account of any such damages and shall in all
<br /> respects fully and faithfully comply with all the provisions, conditions and requirements of said contract,then this
<br /> ' obligation to be void; otherwise to remain in full force and effect.
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