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Grandy's-CS030703 (2) T H E · G I T Y · O F cO-i:3F-ELL July 3, 2003 Marc O. Bentley, P.E. Bentley Engineering, Inc. 4125 Broadway Blvd. Suite A250 Garland, TX 75043 RE: Grandy's Addition, Lot 1 Block 1 Final Acceptance Dear Mr. Bentley: Representatives of the City of Coppell have confirmed a final inspection of paving and utilities for the referenced project. 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. Sincerely, Construction Inspector Office Phone: (972) 304-3684 Fax: (972) 304-3570 CC: Ken Griffin, Director of Engineering & Public Works Rhonda Brothers, Engineering Secretary Glenn Hollowell, Director of Public Works Greg Jones, Chief Building Official Travis Crump, Fire Marshal Harry King, KAKI Enterprises Mohammed Maraqa, Kassion Construction MAINTENANCE BOND BOND NO: 560818 Surety is hereto affixed and attested by its duly authorized Attorney-in-fact. this 17th dayofJune, 2003. WHEREAS, the above named Principal entered into an agreement or agreements with said Obligee to Grandy's Restaurant, Coppell, TX - Water Sanitary Sewer and Storm Drain WHEREAS, said agreement provided that Principal shall guarantee replacement and repair of improvements as described therein for a period of Two year(s) following final acceptance of said improvements: NOW THEREFORE, if the above Principal shall indemnify the Obligee for all loss that Obligee may sustain by reason of any defective materials or workmanship which become apparent during the period of Two year(s) from and after acceptance of said improvements by Obligee, then this obligation shall be void: otherwise to remain in full force and effect. IN WITNESS WHEREOF, the seal and signature of said Principal is hereto affixed and the corporate seal and the name of the said Texas on tin~, Inc. East ~[C5 t,/~~ Principal(Seal) [~Y: Name and Title Developers ~S31re'~ nd Indemnity C~ojnpan¥ Cagan M o~gan Attorney-in-fact Authorized Representative (Name and Title) KNOW ALL MEN BY THESE PRESENTS, That we, East Texas Contracting, Inc.. as Principal, and Developers Surety and Indemnity Company a corporation organized and doing business under and by virtue of the laws of the State of_Texas and duly licensed to conduct surety business in the State of Texas, as Surety, are held and firmly bound unto City of Coppell as Obligee(s), in the sum of Ten Thousand Dollars and 00/100 ($10,000.00) Dollars. for which payment, well and truly to be made, we bind ourselves, our heirs, executors and successors, jointly and severally firmly by these presents. THE CONDITION OF THE OBLIGATION IS SUCH THAT: POWER OF ATFORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY ***Richard W. ~iker, Luke Krawietz, Jerry Kiker, Tony Fierro, Cagan Morgan, Johnny Moss, jointly or severally*** SI'A [E OF CALIrORNIA ('OUN'I Y OF ORANGE ~--- ,&~"'~'~ OOMM # 1300303 CERTIFICATE June 17, 2003 City of Coppell Engineering Department 255 Parkway Blvd Coppell TX 75019 RE: Grandy's Addition, Lot Block 1 Dear Mr. Griffin: This is a letter to accompany a check for Maintenance Escrow for paving in lieu of a 50% Maintenance Bond. It covers paving in the right-of-way for Grandy's at 131 N. Denton Tap Rd. including: Sidewalk $3,094.00 Approaches 2,400.00 Total Concrete $ 5,494.00 x 50%=$2,747.00 Check # 6684 from Kassion Construction Company covers 50% of the paving in lieu of a maintenance bond for a period of two years. Sincerely, Mohammed Maraqa Kassion Construction, Inc. 201 Brothers Blvd. Suite 6 Red Oak, TX 75154 cc: Lee Stone, Commercial Building Inspector Harry King, dba KAKI Enterprises, Inc. 131 N Denton Tap Rd Coppell TX 75019 058777 Dollars ~ AMT OF ACCOUNT BALANCE DUE PAY TO THE KASSION CONSTRUCTION, INC. PH 214 532-4000 201 BROTHERS BLVD , SUITE 6 RED OAK, TX 75154 6684 88-1624 Z747~-- f~ .......