04-28-2025 Agenda Packet - Laserfiche WebLink

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Bid Bond SURETY DEPARTMENT Conforms with the American Institute of Architects, A.I.A Documents No. A-310 KNOW ALL MEN BY THESE PRESENTS, That we, Richard Drake ConstructionCom�an,mL.P.„ as Principal hereinafter called the Principal, and WestfieldmInsurance Company a corporation created and existing under the laws of the State of Ohio_ .... whose principal office is in Westfield Center, OH as Surety, hereinafter called the Surety, are held and firmly bound unto Cita of Paris as Obligee, hereinafter called the Obligee, to the sum of FivePercentof the Greatest Amount Bid Dollars (5% GAB) for the payment of which sum, well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents Whereas, the Principal has submitted a bid for RFS: Concrete_ Demolition and Construction NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or contract documents with good and sufficient surety for the faithful performance of such contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect Signed and sealed this 21st day of April, 2025 Richard Drake Construction Com�anv L.P. ....._ � (Principal) By _ _ (SEAL) Westfield insurance Com wan (Surety) (SEAL) Johnny Moss, Attorney-in-fact