Waterside E P3-CS 940601British American Insurance Company
P.O. BOX 1590 / 3535 TRAVIS STREET, SUITE 300 / DALLAS, TEXAS 75221 / (214) 559-4887 / (800) 964-4242
MAINTENANCE BOND
Know All Men By These Presents:
That we, Austin Bridpe & $ln,*d, Inc. as Principal, 0acreiaafter
called the Principal) and thc BRITISH AMERICAN INSURANCE COMPANY, Dallas, Texas, as Surety, (hereinafter
called Surety) are held and firmly bound unto CRv of Conoell. Texas
(hereinafter called the Obligee) in the penal sum of Eioht¥ Eiqht Tousand. Four Hundred Forty-Two
~I~L.~t_4LI_Q~__ Dollars ($~} for the payment of which, well and truly to be made, we bind
ourselves, our heirs, administrators, executors, successors, and assigns, jointly and severally, fu'mly by these presents:
THE CONDITION OF THIS OBLIGATION is such that whereas the Principal entered into a certain Contract with
~tandard Pacific of Texas. Inc. datedthe 3rd day of May 19 95 , for
Paving improvements to serve Waterside Estates,/t3
in the City of Coppell, Texas
WHEREAS, under the terms of the specifications of said work the said Principal is required to give a bond in the amount of
Eiohtv Einht Thousand. Four Hundred Fortv-Two end 541100 DOLLARS
($~), to guarantee the replacement and repair of defective materials or faulty workmanship furnished or
installed by the said Principal for a period of Two [21 years from and after the date of completion and
acceptance of same.
NOW, THEREFORE, if the said Principal shall for a period of Two 121 years from and after the date of
completion and acceptance of said work by the said Obligee replace and repair any and all defective or faulty workmanship
in said work, then the above obligation shall be void; otherwise to remain in full force and effect.
Signed and sealed · (.~, j '7' -~
AUSTIN BRIDGE & ROAD. INC.
V 'g ( ¥ Ga~.L'~t~ood, Vice President
BRITISH AMI~RTCAN INSURANCE COMPANY
Bond #o. BA-3067 MS-!79(Rcv. 9-90)
BRITISH AMERICAN INSURANCE COMPANY
Corporate Headquarters, 3535 Travis, Suite 300, Dallas, Texas 75204
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS:
That BRITISH AMERICAN INSURANCE COMPANY, a Texas corporation, does hereby appoint:
- - George Huisey, Dawn Knight, J.E. Schranz and Paul W. Hill: of Dallas, Texas - -
its true and lawful Attorney(s)-in-Fact, with full authority to execute on its behalf bonds, undertakings, recognizance and other
contracts of indemnity and writings obligatory in the nature thereof, issued in the course of its business, and to bind the company
thereby.
IN WITNESS WIIEREOF, British American Insurance Company has executed these presents
this 1st dayof..~_~R~,_~, 1994.
STATE OF TEXAS §
COUNTY OF DALLAS §
On this 1st day of .._J.~_, 1994, before me came the above -~med officer of British American Insurance Company,
to me personally known to be the individual and officer described herein, and acknowledged that he executed the foregoing
instrument and affixed the seal of said corporation thereto by authority of his office.
Notary-Public In and For the State of Texas
CERTIFICATE
The appointment is made under the authority of the follow~g resolution, adopted by the Executive Committec of thc Board of Directors of British American
Insurance Company at a meeting held on the 25th of March, 1980.
'RESOLVED, that the Presidanl shall be and is hereby vested with the full power and authority to appoint any one or more smt~b|e persons as Attorney(s)-m Fact
to represent ami act for and on behalf of the Company ~bject to the following provisions:
1. Attorney-in-Fact may be given full power and authority as outlined in the Power of AUomey for ~d in the name of and on behalf of the Company to executo,
acknowledge and deliver fidelity and surety bonds and other bonds, conser~s of surety, consents to modifications of surety conU'~cis ns m~y bo required in the
ordh~.vy cour-~e of business, all nonces and documents car~elmg or term,n~Ung the Company s liability thereunder, and any such msffuments so executed by any
such Attorney-in-Fact shall be binding upon the Company ~s if slgtted by file President and sealed snd attes~d by ~e Corporate Secretary.
2. The facsimile signatures of the officers and the seal of the Company shall be valid and binding upon the Company in the exeoltion, auestation and sealing of
any inzmunent appointing an Attorney-in-Fact. ~
I. Dawn Knight. Assistant Secretary of Bri~h American ln.suran~ Company, do hereby certify that the above and foregoing is a true and correct copy of a Power
of Attorney executed by saki Company, winch is still in force and effect; and, furthermore, the resolution of the Executive Commiuee of the Board of Directors, as
set forth in the Power of Attorney, is now in force.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed thc seal of the corporation
Dawn Kulg~at, .~sistant Secre ary
EXHIBIT "A"
THE "WORK"
ITEM # ITEM DESCRIPTION
UNIT
CONTRACT UNIT
QUANTITY PRICE
AMOUNT
1
2
3
4
5
6
7
8
9
5" 3600# Conc Pavement S.Y.
6"*4"*6" 3600# R/C Alley S.Y.
6" Lime Stab Subgrade $.Y.
Barrier Free Ramps Each
Saw/Rmv Exist Conc L.F.
Pavestone Pavers S.F.
Rmv Exist Conc Walk L.F.
Testing L.S.
Maintenance Bond L.S.
5,688.00 $16.95 $96,411.60
2,412.00 $17.30 $41,727.60
8,988.00 $2.81 $25,256.28
6.00 $590.00 $3,540.00
100.00 $5.00 $500.00
313.00 $8.30 $2,597.90
98.00 $6.65 $651.70
1.00 $3,400.00 $3,400.00
1.00 $2,800.00 $2,800.00
$176,885.08