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~~,.,- 1 <br />WESTERN STATES BOND AGENCY, INC. <br />P. O. [30X 7739 <br />- BEN V [R, COLORA 00 50207 -7 739 <br />(303)G29-G1G1 - 1 (800;2S4-9772 <br />l=n x:: 1 (303)G29-GOZ7 Date Au 11, <br />7 t.ll w-S. L'.n-, Lnc- agents g- 1992 <br />Sid Bond caps <br />To Whom it may Concern: <br />It is Western States Bond Agency, Ine.'s policy to cap all bid bonds at a <br />maxiumum level in order to limit the size of the contract that the <br />principal is bidding. Further, it is Western States Bond Agency, Lnc.`s <br />position that any time a principal exceeds that cap Western States Bond <br />Agency, Inc. will not underwrite the performance and. payment bcnds. <br />Please be advised that Western States Bond Agency, Int.`s position in <br />this matter is set in stone so vhenevez a principal exceeds his cap <br />Western States Bond Agency, Inc. will not write the performance and <br />payment bonds and will deny all liability under it's bid bond. <br />We Gould like all agents to advise their contractors of this Eac[ and <br />caution them that there are no exceptions to the above. They need to <br />know the seriousness of the situation. <br />If you have any comments or questions, please feel free to call. <br />Best re <br />Tho~~as Sauer <br />Attorney-in-fat;. <br />