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PA0101-CS030624COPPELL June 24, 2003 Mr. Ben Bell JMC Construction, L.P. 9893 W University Dr, Ste 119 McKinney, TX 75071 RE: Coppell Trails Final Acceptance Dear Mr. Bell: Representatives of the City of Coppell have confirmed a final inspection for the referenced project. The two-year maintenance bond and as-built drawings have been received. Maturity on the bond will be two years from the date of this letter. Thank you for your cooperation during this project. Sincerely, Rick O'Dell Construction Inspector Office Phone: (972) 304-7090 Fax: (972) 304-3570 CC: Ken Griffin, Director of Engineering & Public Works Rhonda Brothers, Engineering Secretary Glenn Hollowell, Director of Public Works John Elias, Park Planner BOND EXEOJr~3 IN FOUR (4) OP~IGINALS SURETY BOND NO. C 929226432 MAINTENANCE BOND KNOW ALL PERSONS BY THESE PRESENTS, That we JMC Construction, L.P. of McKinney, Texas , hereinafter referred to as the Principal, and Continental Casualty Company as Surety, are held and firmly bound untoCity of Coppetl of Coppell, Texas, hereinafter referred to as the Obligee, in the sum of Four Hundred Ninety Two Thousand Nine Hundred Sixty Nine and 57/100 Dollars (492.969,57'k for the payment of which we bind ourselves, our legal representatives, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the said Principal entered into a contract with the dated July 9, 2002 for Coppeil Trail Sections - Q-0502-02. WHEREAS, said contract provides that the Principal will furnish a bond conditioned to guarantee for the period of two ~) year(s) after approval of the final estimate on said job, by the owner, against all defects in workmanship and materials which may become apparent during said pedod, and WHEREAS, the said contract has been completed, and was approved on date of acceptance. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that, if the Principal shall indemnify the Obligee for all loss that the Obligee may sustain by reason of any defective materials or workmanship which become apparent during the period of tw~o 2~) years(s) after date of acceptance then this obligation shall be void, otherwise to remain in full force and effect. SIGNED, SEALED AND DATED this 19th day of July, 2002. G-23210-B JMCConstruction, L.P. (Principal) B Ben Bell (Seal) Manager for Its-Genial Partner JMC Construction Management, L.L.C. Continental Casualty Cc~pany BY: (. ~ Al, ~ (Seal) Sha~ A. Humphrey,' Attdr~e~in-Fact