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C150335 Feasibility
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C150335 Feasibility
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Last modified
7/25/2012 8:39:30 AM
Creation date
7/25/2012 7:40:10 AM
Metadata
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Template:
Loan Projects
Contract/PO #
C150335
Contractor Name
Center of Colorado Water Conservancy District
Contract Type
Loan
County
Park
Loan Projects - Doc Type
Feasibility Study
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Bidder and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, <br />successors, and assigns to pay to Owner upon default of Bidder the penal sum set forh on the face <br />of this Bond. Payment of the penal sum is the extent of Surety's liability. <br />Default of Bidder shall occur upon the failure of Bidder to delver within the time required by the <br />Bidding Documents (or any extension thereof agreed 'o in writing by Owner) the executed <br />Agreement required by the Bidding Documents and any performance and payment bonds required <br />by the Bidding Documents <br />This obligation shall be null and void if. <br />Owner accepts Bidders Bid and Bidder delivers within the time required by the Bidding <br />Documents (or any extension thereof agreed to in writing by Owner) the executed <br />Agreement required by the Bidding Documents and any performance and payment bonds <br />required by the Bidding Documents, or <br />All Bids are rejected by Owner, or <br />Owner fails to issue a Notice of Award to Bidder within the time specified in the Bidding <br />Documents (or any extension thereof agreed to in writing by Bidder and, if applicable, <br />consented to by Surety when required by Paragraph 5 hereof) <br />4, Payment under this Bond will be due and payable upon default by Bidder and within 30 calendar <br />days after receipt by Bidder and Surety of written notice of default from Owner, which notice will be <br />given with reasonable promptness, identifying this Bond and the Proms and including a statement <br />of the amount due <br />5. Surety warves notice of any and all defenses based on or arising out of any time extension to issue <br />Notice of Award agreed to in writing by Owner and Bidder, provided that the total time for issuing <br />Notice of Award including extensions shall not in the aggregate exceed 120 days faun Bid due date <br />without Surety's written consent. <br />B. No suit or action shall be commenced under this Bond prior to 30 calendar days after the notice of <br />default required in Paragraph 4 above is received by Bidder and Surety and in no case later than <br />one year after Bid due date. <br />7. Any suit or action under this Bond shall be commenced only in a court of competent jurisdiction <br />located in the state in which the Project is located <br />8. Notice required hereunder shall be in wrifing and sent to Bidder and Surety at their respective <br />addresses showri on the face of this Bond. Such notices may be sent by personal delivery, <br />commercial courier, or by United States Registered or Certified Mad, return receipt requested, <br />postage pre -paid, and shall be deemed to be effective upon receipt by the party concerned. <br />9. Surety shall cause to be attached to this Bond a current and effective Power of Attorney evidencing <br />the authority of the officer, agent, or representative who executed this Bond on behalf of Surety to <br />execute, seal, and deliver such Bond and bind the Surety thereby. <br />10. This Bond is intended to conform to all applicable statutory requirements. Any applicable <br />requirement of any applicable statue that has been omitted from this Bond shall be deemed to be <br />included herein as if set forth at length. If any provision of 'his Bond conflicts with any applicable <br />statue, then the provision of said statue shall govern and the remainder of this Bond that is not in <br />conflict therewith shall continue in full force and effect. <br />it. The term `Bid" as used herein includes a Bid, offer, or proposal as applicable. <br />-.EMBER MOODY INSURANCE AGENCY. INC. <br />® 8055 Fast Tufts Avenue. Suite 1000 <br />DENVER, COLORADO 80237 <br />PHONE: (303) EM -6600 <br />34 <br />
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