Laserfiche WebLink
LIUL.UJIIyI I CI IVGIUpC Ill.Ul DI L ro,-o r.7-4Do I-/1DOJ-4 I I4OJDODC4V <br /> PO#:461002243 <br /> Routing#:24-HA4-ZG-00107 <br /> Bond No.: 906227346 <br /> EXHIBIT C, PAYMENT BOND <br /> KNOW ALL PERSONS BY THESE PRESENTS,That we Castle Rock Construction Co. of Colorado,LLC of the <br /> County of Logan, in the State of Colorado as Principal,and Liberty Mutual Insurance <br /> Company <br /> of Boston , in the State of Massachusetts <br /> as surety,are held and firmly bound unto the STATE OF COLORADO,in the penal sum of TWENTY-ONE MILLION <br /> SIX HUNDRED FORTY-NINE THOUSAND ONE HUNDRED DOLLARS AND ZERO CENTS($21,649,100.00),with <br /> interest thereon at the rate of eight percent(8%)per annum until paid,in good and lawful money of the United States of <br /> America,for the payment whereof,well and truly to be made,we bind ourselves, our and each of our heirs,administrators, <br /> executors,successors and assigns,jointly and severally,firmly by these presents. <br /> The condition of the obligation is that the Principal and the State of Colorado acting by and through the Principal <br /> 5/30/2024 <br /> Representative have entered into a certain Contract,dated for the construction <br /> of a project described as Colorado Project No. IM 0762-060 (25037), located in the Logan County in the State of <br /> Colorado. The work consists of road and or bridge construction identified in the Project Special <br /> Provisions, Project Standard Provisions, and in the Project Plans and Specifications; said work of <br /> construction to be done according to the requirements of said contract; <br /> NOW THEREFORE,if the said Principal, their sub-contractor or subcontractors, and each and all of them, shall duly pay <br /> for all labor,materials,and other supplies used or consumed in the performance of the work contracted to be done or any part <br /> thereof, and if the said Principal shall also fully indemnify and save harmless the State of Colorado, and all persons as <br /> provided by the Statutes of the State of Colorado, from any and all damages or loss which the said State of Colorado or any <br /> persons as provided by the Statutes of the State of Colorado may or shall suffer by reason of the default of the Principal or <br /> anyone acting for them as sub-contractor or otherwise in connection with such payments,these presents shall become void, <br /> otherwise to be and remain in full force and effect. <br /> THE STATE OF COLORADO shall be under no obligation,except as expressly provided by statute,to withhold any sums <br /> due the said Principal under the terms of this contract,or to protect in any other way the surety or sureties,claimants or others. <br /> No representation or statement of the Principal made to the surety or sureties in application for this bond,or otherwise,shall <br /> be read into or be a part of this bond or binding in any way on the obligee herein. <br /> No assignment by Principal to surety of the proceeds of such contract shall be binding, except as to any net surplus after <br /> paying all claims chargeable by law or by said contract,against the proceeds thereof. <br /> No extension of time of performance of said contract or delay in the completion of the work there under shall invalidate this <br /> bond or release the liability of the surety there under. <br /> This agreement shall not be deemed valid until it shall have been approved by the Controller of the State of Colorado,or such <br /> assistant as he may designate. <br /> Exhibit C Page 41 of 63 <br />