HomeMy WebLinkAbout901520.tiff Bond Number: 117 95 01
PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS: That
Frontier Materials, Inc.
Name of Contractor
3600 Hwy 52, Erie, CO 80516
Address of Contractor
a Colorado Corporation , hereinafter called Principal,
and Corporation, Partnership, or Individual
Firemen' s Insurance Company of Newark, New Jersey
Name of Surety
PO Box 17229 , Denver, Colorado 80217
Address of Surety
hereinafter called Surety, are held and firmly bound unto THE BOARD OF
WELD COUNTY COMMISSIONERS, 915 10th Street, Greeley, Colorado 80632,
hereinafter called County, in the penal sum of
Two Hundred Eighty Six Thousand Two Hundred Fifty Eight Dollars and
no/100's Dollars ($ 286,258.00 )
in lawful money of the United States, for the payment of which sum well
and truly to be made, we bind ourselves, successors, and assigns, jointly
and severally, firmly by these presents.
THE CONDITION OF THIS OBLIGATION is such that whereas, the Principal
entered into a certain Contract with the County, dated the 23rd day of
July , 1990, a copy of which is attached and made apart
hereof for the construction of:
71ST AVENUE IMPROVEMENT DISTRICT
NOW, THEREFORE, if the Principal shall well, truly and faithfully perform
its duties, all the undertaking, covenants, terms, conditions, and
agreements of said Contract during the original term thereof, and any
extensions thereof which may be granted by the County, with or without
notice to the Surety and during the one year guarantee period, and if he
shall satisfy all claims and demands incurred under such Contract, and
shall fully indemnify and save harmless the County from all costs and
damages which it may suffer by reason of failure to do so, and shall
reimburse and repay the County all outlay and expense which the County may
incur in making good any default, then this obligation shall be void;
otherwise to remain in full force and effect.
-20-
901520
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PROVIDED, FURTHER, that the said Surety, for value received hereby
stipulates and agrees that no charge, extension of time, alteration or
addition to the terms of the Contract or to work to be performed
thereunder or the specifications accompanying the same shall in any
way affect its obligation on this bond, and it does hereby waive
notice of any such change, extension of time, alteration or addition
to the terms of the Contract of the work or to the specifications.
PROVIDED, FURTHER, that no final settlement between the County and the
Contractor shall abridge the right of any beneficiary hereunder, whose
claim may be unsatisfied.
IN WITNESS WHEREOF, this instrument is executed on 23rd day of
July , 1990 .
ATTEST: _ FRONTIER MATERIALS, INC.
C'-4..< :d Principal
Principal Sec ry
By e/eild� (s)
(sEAL) &//-3-
( _ � >>� 3600 Highway 52
rt ess s to Princ p l Address
Erie, Colorado 80516
y
Address
ATTEST:
N/A
Surety Secretary FIREMEN' S INSURANCE COMPANY
OF NEWARK, NEW JERSEY
1— c CtA_C,..o---A� a K 4.),_ �
Witness as to Su ty Attorney-in-Fac
Joan C. Armstrong
PO Box 17229
Address Address
PO Box 17229
Denver, Co. 80217 Denver, Colorado 80217
NOTE: Date of bond must not be prior to date of Contract. If
Contractor is a partnership, all partners should execute bond.
IMPORTANT: Surety Companies executing bonds must appear on the
Treasury Department's most current list (Circular 570 as
amended) and be authorized to transact business in the
state where the project is located.
Frank B. Hall 8 Co. of Colorado
4100 East Mississippi Avenue
-21- ��r Suite ox
`,�r P.O. Box Colora7229
do-7688 80217-0229
(303) 758-7688
TLX 45-0176
FAX (303) 758-9458
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