Town Center L1B1-CS 960403 Coppell, Texas 75019
~.hoO~pB~ itT4Ye7x 8Was i ih50~9 Beautiful Future 214-462-0022
April 3. 1996
Bradley A. Rupay, Project Manager
Innovative Developers. Inc.
777 Main Street,Suite G-200
Fort Worth, Texas 76102
RE: Overton Bank & Trust, 102 N. Denton Tap Road
Final Acceptance
Dear Mr. Rupay:
A final inspection of paving and utilities for the referenced project has been confirmed by
representatives of the City of Coppell.
The two-year maintenance bonds and as-built drawings have been received from the contractor.
Maturity on the bonds will be two years from the date of this letter. Maturity on the Erosion
Control Bond will also be two years from the date of this letter.
Sincerely,
Construction Inspector
cc: Ken Griffin. P.£.. ACM/City Engineer
Ted Dutt, Interim Utilities Superintendent
Per Birdsall. Interim Street Superintendent
Greg Jones, Chief Building Official
Jeff Jones, Fire Marshal
Doug Stevens. Engineering Technician
Dowdey Anderson and Assoc.
file/ldavis/0finalac, ltr
INSIIROR q INIIEMNITV C(JMPANY
PO BOX 2683
WACO, TX 76702-2683
1-800-933-7444
MAINTENANCE BONGO
BO1N"D # 60Z337
KNOW ALL MEN BY THESE PRESENT..S;
That Overton Bank and Trust
, as
P,~....pa,, and In~urors Indemnl~,' Co~¢l~y ,--' a corporation org~ed under the
laws of the State of Texas and author~ed to do business ~ Texas, as sureD' are held
~d firmly bound unto the City of Coppell, Texas _ ,
as Obligee in the sum of Thirty-Two Thousand Seven Hundred Eighty-Eight
and no/100 ($' 32,788.00 } lawful money of ~e
United $tate~ of ~erica, for the payment ~f ~hich sum ~ell and truly to be made,
we bind ourselvea, our heira, executors, adm~n~iatrators, successors ~d assigns,
jointly and severally, firmly by ~ese presents:i
SE~ED with our seals ~d dated this June 3, 1997
WHEREAS, on the ~0el~ oP~ .%~¢]ce~h~r ~tj~r, the said Overton Bank
and Trust
as oX~er~ enter into a contract for: Paving Construction, Utility
Construction and Erosion Control at 102 North Denton Tap Road,
Coppell, Texas
WHEREAS, said principal shall furnish a b0d~d conditioned to guarantee for a
period of, Two_(2) years after acceptance andaj~proval of the said contract, by the
owner cf sald Job, against all defective ....
m~,=,~a,~ or workmanship which may
become apparent during said period.
NOW, THEREFORE, the condition of this obligation is such, that if the Principal
shall indemnify the Obllgee for any loss the Obligee may sustain by reasons of
defective materials or workmanship which become apparent during the aforesaid
period, then this nbligation shall be void, oth.et~vlse to remain in full force and effect.
Principal Surety
Overton Bank and Trust Insurors Indemnity Company
B BY
I }URORS INDEMNITY COMP, JY
POWER OF ATTORNEY
PA NO. 602337
Know Ail Men by these Presents: That INSURORS INDEMNITY COMPANY, ofWaco, Texa.% does hereby make, comtitute and appoint
Robert A. Fcrguson, Gary B. McElroy, Connie McMullen, Linda W. Sinku of the City of Fort Worth, State of Texas
its true and lawful Attorney-in-Fact, to sign, execute, acknowledge and deliver for and on its behalf as Surety, the following bonds:
An ORIGINAL bond required by Statute, Decree of Court or Ordinance for: Authority Umit
(A) Fiduciary
Administrator's, Personal Representative's, Executor's, Guardian's, Conservatee's or Conservator's of Incompetent Adults .......................................... $50,000
Bankruptcy Trustse's or Receiver's to Liquidate $50,000
Referee's, Trustee's and Commissioner's to sell Real Estate, Receiver's in State Court Only, Testamentary Trustee's ..................................................$50,000
Guardian's or Conservator's of Minors $10,000
(B) Court
Plaintiff's Bond (except restraining order, injunction and bail bonds) ................................................................................................................................ $20,000
(For Banks) ....................................................................................................................................................................................................................... $50.000
Defendant's bond No Authority
(C) License and Permit
County, City, Town, Village or other Municipality as Obligee ............................................................................................................................................ $25,000
State as Obliges (Except the following bonds) No Authority
Special Fuel User Bond ...................................................................................................................................................................................................... $5,000
Outdoor Advertiser Bond $ I 0,000
Superheavy Annual - Oversize/Overweight ....................................................................................................................................................................... $10,000
Motor Vehicle Certificate of Title Bond $3,300
United States of America or other Branch of the Federal Government ....................................................................................................................... No Authority
(D) Contract or Performance or Labor and Material or Sub-Division or Site Improvement or Maintenance or Construction Bid Bonds No Authority
(E) Public Official Any Public Oificial and Deputies (Except Agents for Fish and Game License) & Notary $50,000
(F) Any Bend of Indemnity, provided there is attached to this Power of Attorney, written authority in the form of an endorsement As Determined
or letter, signed by the President, Vice President, Secretary, Treasurer or Assistant Secretary of Insurors Indemnity Company By Insurors
specifically authorizing its execution for confirmation of the written authority, please contact IIC at 817-750-8128 Indemnity Co.
Note: Authority Limit refers to the aggregate amount for any single obligation, regardless of the number of instruments issued for that obligation. THIS POWER
OF ATTORNEY does not authorize any OPEN PENALTY BONDS OR UTILITY BONDS.
...... /
County of McLennan } Affest:L"~/~Lrw
Assistant Secretary --
On this 24th day of March, 1995, personally came before me Thomas G. Chas~,~ r.. ~:peqm to me to be the person who executed the above instrument,
and acknowledged the execution of the same, and being by me duly sworn, did dej;~ose~ ~rfd ~y that he isthe President of the Insurers Indemnity Company,
and that the seal aff'ixed to the above instrument is the seal of the corporation, and t~'~ ~id corporate seal and his signature as President was duly affixed and
ascribed to the said instrument by the authority of the Board of Directo_r.~ell,aai;I...corporation.
This Power of Attorney is granted under and by authority of the followir~ resolutions of the Company adopted by the Board of Directors on
,July B0, '1993:
RESOLVED, that all bonds, undertakings, contracts or other obligations may be executed in the name of the Company by persons appointed as Attorney
in Fact pursuant to a Power cf Attorney issued in accordance with these Resolutions. Said Power of Attorney shall be executed in the name and on behalf of
the Company either by the President or Executive Vice President, under their respective designation. The signature of such officer and the seal of the
company may be affixed by facsimile to any Power of Attorney, and, unless subsequently revoked and subject to any limitation set forth therein, any such
Power of Attorney or certificate bearing such facsim~e signature and seal shall be valid and binding upon the Company and any such power so executed and
certified by facsimile signature and seal shall be valid and binding upon the Company with respect to any bond or undertaking to which it is validly attached.
RESOLVED, that Attorneys in Fact shall have the power and authority, subject to the terms and limitations of the Power of Attorney issued to them, to
execute and deliver on behalf of the Company and to attach the seal of the Company to any and all bonds and undertakings, and any such instrument executed
by such Attorneys in Fact shall be as bindinG upon the Company as if signed by an Executive Officer and sealed and attested to by the Secretary or Assistant
Secretary of the Company.
I, Tammy Tieperman, Assistant Secretary of Insurors Indemnity Company, do hereby certify that the foregoing is a true excerpt from the Resolutions of
the said Company as adopted by its Board of Directors on ,July :BO, t993, and that this Resolution is in full force and effect. I certify that the foregoing Power of
Attorney is in full force and effect and has not been revoked.
In TesUmony Whereof, I have sat my hand and the seal of the INSURORS INDEMNITY COMPANY on this 3rd day or
PAA1 3/95 t~,~· . Tammy 'l'ieperm;~, Asg~t-ant Secretary
~....3;.~!...-