|
, +�°f)!V"TRj�►CT BO�D
<br /> sQi�acas�s
<br /> tKNt�V�' hLL P�:RStJ�� SY T�-i�'�E PRESE�V'TS: Tha� Cuiy Contra4ting, [nc., �
<br /> �rinc;ipal, h�r�inaftc,�r calEeci Cc�ntsa�tar, and rne a,�o cgs�,a�ty h�.ranoe co�,�,y a�
<br /> ' Surery, hereinafter caZlect Suret;��, �rre held and frmly baund unt� the CIT�t' OF i�E,CATLSR as
<br /> C7bligee, t�ereinaft�r calIed C7wner, in �h� ae��ount of One Hundred Sixty-One Thou:sac�d, Twency-
<br /> Tliree and OQI l 40 I3ot(azs, f S�61,t}23.001� for the payrnent whereaf Contractc�r and S�arre�y bind
<br /> themselves, their heirs, executars, administratt�rs, successc�rs and assigns, joir�t��+ and ser�etally,
<br /> ' tirmly� by thes� pr�sents.
<br /> ' �Jt+THEi�{EAS, Ccrnt�tor h,as �y writt�n agreement dated Cktuber 3, ?(�16. ent�d irrttc� a
<br /> e�ntr�act with Owrrer fc�r "2�1t� I�rIA:"�F�{)[.E REH�BII.ITATION P�t.t}.T�CT"� CI'Y`lr'
<br /> PRQJFGT 201Cr32, in a�c►rc�c� with I)�win�s �d �peci�e�tion� pr�p�d by t:E� ��ner
<br /> ' w��ich cc�ntract is b,r• r��erence �ad� � part here�of, and i� l��reina��r r�ferrea C+� as t�e +�c�ntr�ct�
<br /> I�ifli�", T'E-I�:I�..EFt�RE, TH� G��t'�I7`IO�+1 UF "THI� fl�LI�'rATI��T is ��ch t�tti, 'tf
<br /> ' C�ntract�r sha�l prarn�atly= �.� f�ieh,t�ally pe�`f�crn said �;o�t�a,�t and is ir� fut! e�rr�p�ian�e �vi�h the
<br /> Ildinc�i� �revailing W�e �►ct th�s� t.i�i� c�bli�atic�n st�all b� null �nd void; otherv�°is� i� �h�I remain
<br /> ira full torc;e and effect.
<br /> ' The Sureri hereby v�raiv�s notice of any� atteratiocs trf the contr�ct or e�cten�ion �f tim�
<br /> made by t�wner.
<br /> I �4'h�never Contractor s1�1� �e, an�i decEared by �wner to� be in default u��ier th�Con#r��t,
<br /> incluciing ful� �ompiiance w�ith tk� Tl1in��i� Prevailing V4�3�� �CC, C�1� C�'W11eT �3vin� perfc�rmed
<br /> � �hvnet's obligaczons cl��reund�r. kf�e Sure�r rnay pr�m�tEy remedy t�� detau�t, c7r s€��I� promptly:
<br /> l. ��rr�:�l�te th� C'�nt��c� in a�c�rdance with its terzn.� anc� c�nditi���s; ar
<br /> ' 2� C��tain a l�id c�r bic�� �'c�t` cc�t� Ietin the Contract in ac:cordan�e� �ith it� t�rcrts aiad
<br /> P �
<br /> �an�iition,�, a�� ug+��t d�termittation by Sw�t}� of th� loweat r�s�art�ik�l� �i+�d+er, or i�
<br /> ' the C�wwner el�ct�s, ��a�n d�termin�i+�n by the 4wn�r att�i t�`t� S�e�� ��i�tl� c�f th�
<br /> (owe��t respc►nsa�le bi����, ge �'�r a� r,,,ca�tr�c�k bct�ve�n �u�h �iic�der �d t��ner,
<br /> and ma�Ic� avaitab�� �� �+ark pr�a�re�s�3 (e��en thc�� there sh�auld b� � d���u�t t��a
<br /> ' succ�es�ion t�f cie�aul� �t�d�r �e e�ntract or contracts of eompieti�an , ��;d u;�der
<br /> �his �r�gr�a�rh) su�t��i��� ' • to pay the c��t uf c�ampieti�n le� �h� ba�an�;� �f th�
<br /> cor�tra�t pric� t�ut �cat ex�:�ding, including oth�r cc�sts an� c��age� fs�r �hic� th�e
<br /> tSuretv mav b�e liabl� �,.ereund�r, the arn�unt set f�rth in the tirst �ara��;ra�� iaereof:
<br /> The teren "balance� caf the ec�ntract pri�:e" as used in this pa�ra�p�t., sfia�l rn� the
<br /> total amount payabte 1�� t7u�n�r to C'antractar under the �ontract ac�� ae�y �antr�:t
<br /> ' �hange C)rders th�reta, less �ie �mount properly p�aid by(Jwner to �'ontract�r.
<br /> anv suit under thi� hK�ncf rr�u.�t k�e inti�ci�cteci t�ti�re the expiratio� of twa (2;) year, �rc�m
<br /> ' if�e �Lit� �,� whicl� tanal pay�tr��nt unde�the C'on�ract fal(s ciue.
<br /> , `��.:> �-ight of �ctiun sha�l �zc:cru� can this ban� to �r for the u�e c�� ar��; pe�r� o�°
<br /> �:c�r�tr����7� uther than tt�� Own�r n�t�� her�in �r the heirs, �x�cutacs�, a�ir�ir��strat�>r� c�r
<br /> ,�:c�:e�;:�;.}r�, �?t'r}.e �)��,*��r.
<br /> '
<br /> ' -- --
<br />
|