Loading...
BEI Properties-CS090113 " '" MAINTENANCE BOND Bond S 286249 KNOW ALL BY THESE PRESENTS, That we, Cooper General Contractors, 1225 E.Crosby, SA 1, Carrollton, Tx. 75006 as Principal, and Employers Mutual Casualty Company a corporation organized under the laws of the State of Iowa and duly authorized to do business in the State of Texas , as Surety, are held and firmly bound unto City of Coppell, Tx. as Obligee, in the penal sum of Ten Thousand Seven Hundred Sixty Five and 00/100 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ($ 10,765.00 ) to which payment well and truly to be made we do bind ourselves, our and each of our heirs, executors, administrators, successors and assigns jointly and severally, firmly by these presents. WHEREAS, the said Principal entered into a Contract with the BEl Properties, Inc. dated for All Public Work within R.O.W. and utility easements, including paving, water line, sanitary sewer, storm sewer and sidewalk at 867 S. Denton Tap, Coppell, Tx., 75019 ~ f' WHEREAS, said Contract has been completed, and was approved on 29th day of April 2006 NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, That if the Principal shall guarantee that the work will be free of any defective materials or workmanship which became apparent during the period of two year(s) following completion of the Contract then this obligation shall be void, otherwise to remain in full force and effect, provided however, any additional warranty or guarantee whether expressed or implied is extended by the Principal or Manufacturer only, and the Surety assumes no liability for such a guarantee. Signed and sealed this 1 st day of May 2006 Cooper General Contractors (Seal) (Seal) (Seal) Employers Mutual Casualty Company BY~ Attorney-in-Fact I S-0843/GEEF 10/99 -..i '..~ r'; , , April 1, 2008 unless sooner revoked. AUTHORITY FOR POWER OF ATTORNEY " " ;'# r;- MAINTENANCE BOND BaID # 808984 STATE OF TEXAS COUNTY OF DALLAS KNOW ALL MEN BY THESE PRESENTS: THAT Head Construction, Inc. as Principal. and Insurors Indemnity Company , a corporation organized under the laws of Texas , as sureties, do hereby expressly acknowledge themselves to be held and bound to pay unto the City of Coppell a Municipal Comoration, Texas, the slim of Nineteen Thousand, Tv.D Hundred Fifty ------..,-------------_ Dollars and No---------------- Cents ($1 9, 250. 00------ ) , for the payment of which sum wi II and truly be made unto said City of Coppell , and its successors, said principal and sureties do hereby bind themselves, their assigns and successors jointly and severally. THIS obligation IS conditioned; however, that whereas, the said Head Construction, Inc. has this day entered into a written contract with the said City of Coppell to build and construct Denton Tap Developnent, Lot 3 Block A (Coppell Montessori Academy) which contract and the plans and specifications therein mentioned, adopted by the City of Coppell are hereby expressly made a part thereof as through the same were written and embodied herein. WHEREAS, under the plans, specifications, and contract, it is provided that the Contractor will maintain and keep in good repair, the work herein contracted to be done and perfonned, for a period of two (2) years from the date of the acceptance of said work, and to do all necessary repairs and/or reconstruction in whole or in part of said improvements that should be occasioned by settlement of foundation, defective workmanship or materials furnished in the construction or any part thereof or any of the acce~sories thereto constructed by the Contractor. It being understood that the purpose of this section is to cover all defective conditions arising by reason of defective material and charge the same against the said Contractor, and sureties on this obligation, and the said Contractor and sureties hereon shall be subject to the liquidation damages mentioned in said contract for each day's failure on its' part to comply with the terms of said provisions of said contract. Now, therefore, if the said Contractor shall keep and perform its' said agreement to maintain said work and keep the same in repair for the said maintenance period of two (2) years, as provided, then these presents shall be null and void, and have not further effect, but if default shall be made by the said Contractor in the performance of its' contract to so maintain and repair said work, then these presents shall have full force and effect, and said City of Coppell shall have and receive from the said Contractor and its' principal and sureties damages in the premises, as provided; and it is further agreed that this obligation shall be a continuing one against the principal and sureties, hereon, and that successive recoveries may be and had hereon for successive branches 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 Head Construction, Inc. caused these presents to be executcd by and thc said Insurors Indemnity Company be executed by its Attorney in fact and thc said Attorney in fact has hereunto set his hand, the 14th day of has has caused thesc presents to Shane A. Humphrey July ,2006 PRINCIP AL SURETY Head Construction, Inc. By: Insurors Indemnity Company Title: BY:~.~~ Title: Attorney-in-Fact WITNESS: ~;\ 11_~ ' . k 0.,-, . i<- , ) NOTE: Date of Maintenance Bond must not be prior to date of Contract.