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McDonald's-CS 880222February 22, 1988 Memorandum ' To: Taryon Bowman, Planning & Zoning Coordinator. Shohre Daneshmand, Civil Engineer Steve Goram, Director of Public Works Dale Jackson, Chief Building Inspector Dorothy Timmons, City Secretary From: Frank Trando, Deputy City Manager/Finance Subject: Maintenance Bond Please find attached a Maintenance Bond fo~ thief extension in Sandy Lake and Denton Tap Road to servi~ge~-~.-~h~McDonald's)facility in Coppell. I am asking for your assistance~/~this pape?~~'was left in my in-basket and I am at a loss as to who nee~ies of this as well as who will need the original. Thank you for your assistance. FT/lr attachement Bond No~-Rlll-27-21 ~'~ ......~ ~-~i~ ~ ~ ....... ~ ....... · M A I N T E N A N C E B O N D - :,~! 'i~ STATE OF TEXAS § ...................... COUNTY OF DALLAS § KNOW ALL MEN BY THESE PRESENTS: That STEED, INC. , as Principal, and FEDERAL INSURANCE COMPANY , a corporation organized under the laws of the State of New Jersey , as Surety, do hereby expressly acknowledge themselves to be held and bound to pay unto the CITY OF COPPELL, TEXAS~ Post Office Box 478~ Coppell, Texas 75019 , a municipal corporation, the sum of ---Twenty-One Thousand, Nine Hundred Ten and no/100--- Dollars ($ 21,910.00--- ) for the payment of which sum well and truly to be made unto said the CITY OF COPPELL, TEXAS and its successors, said Principal and Surety do hereby bind themselves, their assigns, and successors jointly and severally. The condition of this obligation is such that said STEED, INC. has entered into a written contract dated the 7th day of December , 1987 with McDONALD'S to build and construct the sanitary sewer extension in Sandy Lake and Denton Tap Road to serve McDonald's in Coppell, Texas which contract and the plans and specifications therein mentioned and adopted by the CITY OF COPPELL, TEXAS , are hereby expressly made a part thereof as though the same were written and emodied herein. WHEREAS, under the specifications and contract, it is provided that the Principal shall maintain and keep in good repair the work constructed and/or equipment furnished by him as contemplated by the plans, specifications, drawings, etc., and perform for a period of one ( 1 ) year(m) from the date of acceptance or the date of final payment, whichever bears the later date, all necessary repairs, reconstruction and re- newal of any part of said construction, and to furnish the labor and materials to make good and to repair any defective condition growing out of or on accounts of the break- age or failure of any substance or the improper function of any part of the construction work. NOW, THEREFORE, if said Principal shall keep and perform its said agreement to maintain said work and keep the same in good repair for the said maintenance period as provided above, then these presents shall b~ null and void and have no further effect; otherwise, to remain in full force and effect. It is further understood and agreed that this obligation shall be a continuing one against the Principal and Surety hereon, and that successive recoveries may be had hereon for successive breaches until the full amount shall have been exhausted; and it is further understood that the obligation herein to maintain said work shall continue throughout said maintenance period, and the same shall not be changed, diminished, or in any manner affected from any cause during said time. IN WITNESS WHEREOF, the said STEED, INC. has caused these presents to be executed by Richard D. Steed, President , as authorized signer, and the said FEDERAL INSURANCE COMPANY has caused these presents to be executed by its Attorney-in-Fact, Dione R. Youn~ and the said Attorney-in-Fact, Dione R. Youn~ has hereunto set their hand and seal this 5th day of February , 1988 . ATTEST/WITNESS: /~ STEED, INC. Secret!r~/Wit~ss~' ~~ Richard D. Steed, President Post Office Box 6254 Fort Worth~ Texas 76115 WITNESS AS TO SURETY: FEDERAL INSURANCE COMPANY 1) Surety Dione R. YounK~ Attorney-~n-Fact Post Office Box 8700 Fort Worth, Texas 76124-0700 ISSUE DATE (MM~DfY~ 02/05/88 PRODUCER THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THE SWEENEY COMPANY Post Office Box 8700 COMPANIES AFFORDING COVERAGE Fort Worth, Texas 76124-0700 COMPANY A UNITED STATES FIDELITY & GUARANTY COMPANY LETTER COMPANY INSURED LETTER B HARBOR INSURANCE COMPANY COMPANY STEED, INC. LETTER C HARTFORD INSURANCE COMPANY Post Office Box 6254 COMPANY D Fort Worth, Texas 76115 LETTER COMPANY LETTER E THIS IS TO CERTIFY THAT POUCIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POUCY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS, AND CONDI- TIONS OF SUCH POLICIES. POLICY EFFECTIVE POLICY EXPIRATION LIABILITY LIMITS IN THOUSANDS TYPE OF INSURANCE POLICY NUMBER 0ATE (MMIODF~9 DATE (Mk~DDF~9 OCCURRENCE AGGREGATE GENERAL LIABILITY COMPREHENSIVE FORM $ PREMISE~0PERATIONS UNDERGROUND ~r~ HAZARD OTC 039128200 04/12/87 04/12/88 $ $ PRODUCT~COMPLETEO OPERATIONS CONTRACTUAL $ 1,000 $ 1,000 INDEPENDENT CONTRACTORS BROAD FORM PROPERTY OAMAGE PERSONAL INJURY PERSONAL INJURY I 000 AUTOMOBILE LIABILITY ANY AUTO ALL 0WNE0 AUTOS (PRIV. PASS.) ALL OWNED AUTOS/OTHER THAN~ tPRIV. PASS,/ OTC 039128200 04/12/87 04/12/88 $ HIRED AUTOS NON-OWNED AUTOS $ GARAGE LIABILITY $ 1,000 EXCESS LIABILITY UMBRELLA FORM HI 219554 04/12/87 04/12/88 $ 3,000 $ 3,000 OTHER THAN UMBRELLA FORM STATUTORY WORKERS' COMPENSATION 04/12/87 04/12/88 $ 500 (EACH ACCIDEN~ 71 WZVT4836 AND $ 500 (DISEASE-POLICY LIMI~ EMPLOYERS' LIABILITY $ 500 (DISEASE-EACH EMPLOYEE OTHER DESCRIPTIONOFOPERATION~LOCATIONSNEHICLES/SPECIALITEMS Job: Sanitary Sewer Extension in Sandy Lake and Denton Tap Road to serve McDonald's in Coppell, Texas ...... Steed Job No. 1408 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EX- PIRATION DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVOR TO CITY OF COPPELL MAIL 10 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE Post Office Box 478 LEFT, BUT FAILURE TO MAIL SUCH NOTK~ SHALL IMPOSE )OBUGATIONORUA~UTY OF ANY KIND UPON THE COMPANY, Coppell, Texas 75019 AUTHORIZED REPRESE THE POWER OF ATTORNEY .... Know all Men by these Presenta, That the FEDERAL INSURANCE COMPANY, 15 Mountain View Road, Warren, New Jersey, a New Jersey Corpora- tion, has constituted and appointed, and does hereby constitute and appoint D. W. Sweeney, Charles D. Sweeney, Bobby E. t~ayo, Dione R. Young and T~mmie Stephens of Fort Worth, Texas each its true and lawful Attorney-in-Fact to execute under such designation in its name and to affix its corporate seal to and deliver for and on its behalf as surety thereon or otherwise, bonds of any of the following classes, to-wit: 1. Bonds and Undertakings filed in any suit, matter or proceeding in any Court, or filed with any Sheriff or Magistrate, for the doing or not doing of anything specified in such Bond or Undertaking. 2. Surety bonds to the United States of America or any agency thereof, including those required or permitted under the laws or regulations relating to Customs o_r Internal Revenue; License and Permit Bonds or other indemnity bonds under the laws, ordinances or regulations of any State, City, Town, Village, ~oard or other body or organization, public or private; bonds to Transportation Companies, Lost Instrument bonds; Lease bonds, Workem' Compense- tion bonds, Miscellaneous Surety bonds and bonds on behalf of Notaries Public, Sheriffs, Deputy Sheriffs and similar public officials. 3. Bonds on behalf of contractom in connection with bids, proposals or contracts. CO¢lX)rate Hat to be h~e~O affixed this ].St d~y O~ January 19 86 Corp<xate Seal STATE OF NEW JERSEY '~ SS. County of Somerset By-l. aw~ and ~n beponent's presence. ;~LICE' LEONAR0 No~y Pu~c crm~Rc~'rmN NOTARY PUBLIC OF NEW JERSEY STA~ mr NEW JE~S£Y ~ SS. ~,¥ Commission Expires June 28, 1988 County of Somerset I, the unclers~gned, Aasi~tant Secretary of the FEDERAL INSURANCE CO~IPANY, do hereby ceflily that the ~ is & true excerpt from the By-Lawt of tfte ~ Con~ ~ edopled by It. Board ol ~ on MarCh 11, 1953 and mo~t recenlly &rt~ M~rch 11, 19~3 m',d thll ~ ey-LIw is in full fo,'ce ~ effect. "ARTICLE XVIII. and She# be executed in Ihe nlme and mi beh'df Of Ule Co~y eithm' by Ihe Chairman or Ihe Vicl-Ch~ of* N Pr~l o,' I Vice-P~, jointly w~h Ihl Secretary or ~ ~t or m any power of Iltomey ®xecut~:3111 provk~ tot In Sec~km 3 below, rely execule I~y auch I~ld, undl~tMd~g o1' o~ oblig~ ~m p~ M I~ch fllo~ ~' po~ll' ot lite. or #mogmp~e~." Provinoes o~ Cana(l~ with 1he excep{km of P~incl Eo%vlrd IMInd; m~d I~ MIo duly It~ to be©oma IoM m~rlty on I~, unhinge, e~c., per~ or requk'e<l by Imv. I, the unclers~gned Assistant Secrm~ry of FEDERAL INaURANCE COMPANY, do hereby c~t#y thru the foregoing Powe~ of Attm'ney Is in fu# force and effect February 88 Form 21 - 100333 (Rev. 2-84) GENERAL U.P~.AD