Channel Pointe-CS 901019 (2)The City With A Beautiful Futu
P.O. Box 478
Coppell, Texas 75019
214-462-0022
October 19, 1990
Mr. Doyle R. Cameron
Cameron Development Company
16250 Dallas Parkway, Suite 200
Dallas, Tx 75248
Re: Final Acceptance/Channel Pointe
Dear Mr. Cameron:
A final inspection of the above referenced project has been confirmed by
representatives of the City of Coppell Public Works Department.
Paving and utilities have been verified and are in compliance with the City of
Coppell standard requirements. A one year maintenance bond for utility
construction and the as-built drawings have been received. An escrow check in
the amount of $6,250.00 (10% of paving construction cost) has also been
received in leu of a one year maintenance bond. Additionally, a letter of
agreement dated October 16, 1990, has been provided. (See attached). If the
letter of agreement is satisfactory to the City without the escrow check, it
will be returned to the developer within five (5) business days. However, if
the escrow amount is required, it will be deposited accordingly. The purpose
of the letter of agreement and/or escrow amount is to bind the developer to
the total cost of indemnity of the oblige (City of Coppell) against any loss
or damage directly arising by reason of any defect in the materials or
workmanship, which may be discovered within a one year period, with the
stipulation that the escrow money will be returned to the developer after the
one year period has expired.
Maturity on the bond, letter of agreement, and escrow will be one year from
the date of this letter (October 19, 1991).
Development Construction Inspector
cc:
Steven G. Goram, Director of Public Works
M. Shohre Daneshmand, Acting City Engineer, P.E.
Frank Trando, Finance Director
Troy Glidewell, Fire Marshal
Dale Jackson, Building Official
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DUNCAN, DICKSON & TAYLOR
.~ 16200 Dallas Parkway
Suite 160
Dallas, Texas 75248
October ].6, ].990
Mr. Larry Davis
City of Coppell
P.O. Box 478
732 Deforest Road
Coppell, Texas 75019
Dear Mr. Davis:
Duncan, Dickson & Taylor, a Texas partnership, is the owner
of the subdivision known as Channel Pointe located in the City of
Coppell. Our firm has examined and accepted all the paving in the
Channel Pointe subdivision.
That we, Duncan, Dickson & Taylor, as principals, are held
and firmly bound unto the City of Coppell in the penal sum of
Six Thousand Two Hundred Fifty-Four and no/100 Dollars ($6,254.00)
for ~he payment of which, well and truly to be made, we do hereby
bind ourselves by these presents.
Whereas, the paving work for the Channel Pointe subdivision
has now been completed and accepted by the City of Coppell.
Therefore, Duncan, Dickson & Taylor shall for a period of
one year from and after the 10th day of October, 1990, indemnify
the City of Coppell against any loss or damage directly arising by
reason of any defect in the material or workmanship which may be
discovered within the period aforesaid, then this obligation shall
be void.
LRT/ma
Sincere~
Larry R. '~ylor
CER._ .z*IED COPY OF POWER OF ATFOtuq'EY
OHIO CASUALTY INSURANCE COMPANY
.. ~o~ omc~, mum~ToN, omo NO. 26-061
~111I~1 2[[ Cl~l~. [1~ ~I[~,81~ ~r,ti,lliit' That THE O.IO CASUALTY INSURANCE COMPANY, in pursuance
of authority granted by Article VI, Section 7 of the By-Laws of said Company, does hereby nominate, constitute and appoint:
Jerry Jordan or Ruthie Smith or Traci Davis of Arlington, Texas
its true and lawful agent and attorney -in-fact, to make, execute, seal and deliver for and on its behalf as surety, and as
its act and deed any and all BONDS, UNDERTAKINGS, and RECOGNIZANCES, not exceeding in any single instance
ONE MILLION ($ 1 000,000.00 - ) Dollars,
excluding, however, any bond(s) or undertaking(s) guaranteeing the payment of notes and interest thereon'
And the execution of such bonds or undertakings in pursuance of these presents, shall be as binding upon said Company,
as fully and amply, to all intents and purposes, as if they had been duly executed and acknowledged by the regularly
elected officers of the Company at its office in Hamilton, Ohio, in their own proper persons.
The authority granted hereunder supersedes any previous authority heretofore granted the 'above named attorney(s)-in-fact.
In WITNESS WHEREOF, the undersigned officer of the said The Ohio Casualty
Insurance Company has hereunto subscribed his name and affixed the Corporate Seal of the
said The Ohio Casualty Insurance Company this 8th day of November 19 89.
ss. ' ............. ...................................... :::::::::::::::::::::
STATE OF OHIO,
COUNTY OF BUTLER
On this 8th day of November A.D. 19 89 before
the subscriber, a Notary Public of the State of Ohio, in and for the County of Butler, duly commissioned and qualified, came
John B. Vail, Assistant Secretary of THE OHIO CASUALTY INSURANCE COMP&NY, to me personally known to be the
individual and officer described, in, and who executed the preceding instrument,' and he acknowledged the execution
of the same, and being by me duly sworn deposeth and saith, that he is the officer of the Company aforesaid, and
that the seal affixed to the preceding instrument is the Corporate Seal of said Company, and the said Corporate Seal and his
signature as officer were duly affixed and subscribed to the said instrument b7 the authority and direction of the said
Corporation.
IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed my Official
Seal
at the City of Hamilton, State of Ohio, tlj~a~and ~st above writte~a_~
$~l~~*/ My Commission expires ......... Decer~er....25.,.....1.~, .......
This power of attorney is granted under and by authority of Article VI, Section 7 of the By-Laws of the Company, adopted by
its directors on April 2, 1954, extracts from which read:
"ARTICLE VI"
"Section 7. Appointment of Attorney-in-Fact, etc. The chairman of the board, the president, any vice-president, the
secretary or any assistant secretary shall be and is hereby Vested with full power and authority to appoint attorneys-in-fact
for the purpose of signing the name of the Company as surety to, and to execute, attach the corporate seal, acknowledge
and deliver any and all bonds, recognizances, stipulations, undertakings or other instruments of suretyship and policies of
insurance to be given in favor of any individual, firm, corporation, or the official representative thereof, or to any county
or state, or any official board or boards of county or state, or the United States of America, or to any other political sub-
division."
This instrument is signed and sealed by facsimile as authorized by the following Resolution adopted by the directors of the
Company on May 27, 1970:
"RESOLVED that the signature of any officer of the Company authorized by Article VI Section 7 of the by-laws to appoint
attorneys in fact, the signature of the Secretary or any Assistant Secretary certifying to the correctness of any copy of a
power of attorney and the seal of the Company may be affixed by. facsimile to any power of attorney or copy thereof issued
on behalf of the Company. Such signatures and seal are hereby adopted by the Company as original signatures and seal,
to be valid and binding upon the Company with the same force and effect as though manually affixed."
CERTIFICATE
I, the undersigned Assistant Secretary of The Ohio Casualty Insurance Company, do hereby certify that the foregoing power
of attorney, Article VI Section 7 of the by-laws of the Company and the above Resolution of its Board of Directors are true
and correct copies and are in full force and effect on this date.
IN WITNESS WHEREOF, I have hereunto set my hand and the seal of the Company this~a'-~ ~-~-" tW/Q day of /f A.D., 19
$-4300-C 4-88 15M
The Ohio Casualty Insurance Company
11S No~h 'fhird $1r~'t, Hlmillo~, Ohio
Maintenance Bond
Know All Men :By These Presents, That we,
C W Young Construction,Inc.
as Principal, and THE OHIO CASUALTY INSURANCE COMPANY, a corporation organized
under the laws of the State of Ohio, with principal offices at Hamilton, Ohio, as Surety, are held
and firmly bound unto
City of Coppell
(hereinafter called the Obligee), in the penal sum of ....... .T..w..e..1..v..e....t.h.o. us..a.n.d....f..i.y..e...h.u..n.d..r..e..d. ...........
and seventy dollars and 00/100 cents
.................................................................................................................................... ($ ..t2.,57.0.,00 ......... )
Dollars, for thje payment of which, well and truly to be made, we do hereby bind ourselves, our
heirs, executor% administrators, successors and assigns, jointly and severally, firmly by these presents.
DATED this .......... 10Ih .................. day of.0c~ber ............................. 19....9.0..
WHEREAS, the said Principal has heretofore entered into a contract with the Obligee
above named for
Channel Point Sub Division
Water, Sanitary Sewer & Storm Sewer
and,
WHEREAS, the work called for under said contract has now been completed and accepted
by said Obligee;
NO'¢7, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, That if
said Principal shall, for a period of ....... one ................. years from and after the .......... 1.0t.h .......... day of
....0..c..t..o..b..e..r. ............... 19..9..0...., indemnify the Obligee against any loss or damage directly arising by
reason of any defect in the material or workmanship which may be discovered within the period
aforesaid, then this obligation shall be void; otherwise to be and remain in full force and
virtue in law.
PROVIDED, HOWEVER, that in the event of any default on the part of said Principal,
written statement of the particular facts showing such default and the date thereof shall be delivered
to the Surety by registered mail, at its Home Office in the City of Hamilton, Ohio, promptly and
in any event within ten (10) days after the Obligee or his representative shall learn of such default;
and that no claim, suit, or action by reason of any default of the Principal shall be brought here-
under after the expiration of thirty days from the end of the maintenance period as herein set forth.
Form S-lY7-
THE OHIf~CASUALTY INSURANCE COMPANY
...........................................
Traci Davis . ATTORNEY-IN-FACT