20 Resolution awarding the bid for the demolition and disposal of dilapidated structures

Home Browse Search

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, Sanitation Solutions as Principal hereinafter called the Principal, and SureTec Insurance Comuanv a corporation created and existing under the laws of the State of Texas whose principal office is in Houston as Surety, hereinafter called the Surety, are held and firmly bound unto Citv of Paris as Obligee, hereinafter called the Obligee, in the sum of Five Percent of 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, fumly by these presents Whereas, the Principal has submitted a bid for Demolition & Dispose of Dilapidated Structure 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 faithfui 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 2nd day of December, 2008 Sanitation Solutions (Principal By. (SEAL) SureTec Insurance Compan (Surety) ~ By % (SEAL) Tony ierro, Attomey-in-fact J