13-Deliberate and possibly act on a resolution awarding a bid to construct the Lake Crook Fishing Pier

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Bid Bond SURETY DEPARTMENT Conforins witl► the American Institute o1' Arcliitects, A.I.A Documents No. A-310 KNOW ALL MEN BY THESE PRESENTS, That we, Bobb Smallwood Construction Co. Inc. as Principai hereinafter called the Principal, and Oliio Farmers Insurance Compativ a corporation created and existing under the laws of the State of OH whose principai office is in Westrelcl Center as Surety, hereinafter called the Surety, are held and firmly Uound unto City of Paris as Obligee, hereinafter called the Obligee, in the sum of Five Percent of tltie Greatest Amoumt Bid Dollars ($5% GAB) for the payment of which sum, Nvell and truly to be made, the said Principal and the said Siirety, bind ourselves, our tieirs, executors, administrators, successors and assigns, jointly and severally, firuily by these presents Whereas, the Principal has submitted a bid for Lake_ Crook Pier NOW, THEREFORE, if the Obligee shall accept the bid of tlie Principal and the Prhicipal sha11 enter into a contract witll the Ohligee 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 tlte faithful performance of such contract and for the prompt payntent of labor and material fiirnished 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 shalt pay to the Obligee the difference not to exceed the penalty hereof Uetween the amotmt specified in said bid and sucli {arger amount for wfiich 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 io remain in full force and effect Signed and seated t.liis 16th day of Julv, 2010 Bobbv Smallwood Construction Co., Inc. (Principa By (SEAL) Ohlo Farmers Iusuu•auce ComnAnv - (Surery) SEAL) By Ldwa Q - lflO':: ~Attorne)0iii-k~t aiker Richard W. D J~