ST8401-CS 860923TEXAS BITULITHIC COMPANY
P. O. Box ~0365
DALLAS, TEXAS 75207
2121 Irving Blvd.
Phone A/C 214 741-3531
Builders of
STREETS, ROADS, AIRFIELDS and
MUNICIPAL IMPROVEMENTS
September 23, 1986
HAND CARRIED
Mr. Ed Powell
City Engineer
P. O. Box 478
Coppell, Texas 75019
Dear Mr. Powell:
Riverchase Jt. Venture
c/o Terra Land Development Co.
paving improvements for
Macarthur Blvd., Coppell, TX.
EDP # 6500
Please find enclosed the required Maintenance Bond relative to our
paving improvements on the above referenced job. Also attached is
Surety's Power of Attorney.
If anything further is needed, please advise.
Very truly yours,
APAC-TEXAS, INC.
Texas Bitulithic Division
Patricia J. McAlester
Division Secretary
pjm
attachment
DIVISION OF APAC-TEXAS, INC.
INSURANCE COMPANY OF
NORTH AMERICA
PHILADELPHIA
MAINTENANCE BOND
KNOW A;~.MENBY THESE PRESENTS, That we,
hereinafter called the Principal, and
INSURANCE COMPANY OF NORTNAMERICA, a Pennsylvania Corporation, with principal
offices at Philadelphia, Pennsylvania, hereinafter called the Surety, are firmly
bound unto the City of Coppell, Texas.
in the Full and just sum of FORTY-EIGHT THOUSAND SEVEN HUNDRED NINE AND 49/100~
$48,709.49, lawful money of the United States of America, to be paid to the said
City of Coppell, Texas , to which payment well and truly to be made, we
bind ourselves, our heirs, executors, administrators, and successors, jointly
and severally, firmly by these presents.
Sealed with our seals and dated this 23rd day of September , 19 86 .
WHEREAS, THE ABOVE bounded Principal entered into a contract with the
Riverchase Jr. Venture dated AUg 23, 1985 for paving improvements to
c/o Terra Land DevelopmeutCompany Macarthur Blvd., in Riverchase
Coppell, Texas.
NOW, TEF~RE~, the condition of this obligation is such that if the
above bounded Principal shall remedy without cost to the said City of Coppell
any defects which may develop during a period of one (1) yearn from
the date of completion and acceptance of the work performed under said contract
provided such defects are caused by defective or inferior materials or workmanship,
then this obligation shall be void; otherwise it shall be and remain in ~,1.1 force
and effect.
IN WITNESS WI~I~EOF, the said Principal and Surety have duly executed
this bond under seal the day and year above written.
ATTEST:
K. C. Rochelle, Division Vice President
INSURANCE COMPANY OF NORTN AMERICA
~eD~ W.~'Holt, Atto/~n~y-in2Fact