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c.
<br /> Fed F"d
<br /> PROJECT: Trinidad Basin Mine Project PROJECT NO. PKA-9-440
<br /> KNOW ALL MEN BY THESE PRESENTS:
<br /> WHEREAS, Purgatoire Valley Construction, Inc.
<br /> hereinafter called the "PRINCIPAL", is submitting a BID for the above described project, to the STATE OF COLORADO, hereinafter called the
<br /> "OBLIGEE".
<br /> WHEREAS, the Advertisement for Bids has required as a condition of receiving the Bids that the.Principal submit with the Bid a BID
<br /> GUARANTY in an amount not less than five per cent(5%)of the Bid,which sum it is specifically agreed is to be forfeited as Liquidated Damages in the
<br /> event that the Principal defaults in his obligation as hereinafter specified,and, in pursuance of which Requirement, this Bid Bond is made, executed and
<br /> delivered.
<br /> NOW,THEREFORE,the Principal and United Pacific Insurance Company
<br /> a corporation of the State of PeMSylVal),],Qly authorized to transact business in Colorado,as Surety,are held and firmly bound unto the Obligee,
<br /> in the sum of five per cent(5%)of the Principal's total bid price, lawful money of the United States for the payment of which sum, well and truly to be
<br /> made to the Obligee,we bind,ourselves,our heirs,executors,administrators,successors and assigns,jointly and severally, firmly by these presents.
<br /> FURTHER THAT, a condition of this obligation is such that the Principal shall maintain his Bid in full force and effect for thirty (30)days
<br /> after the opening of the bids for the project, or, if the Principal's Bid is accepted, the Principal shall, within the prescribed time, execute the required
<br /> Agreement, furnish the required Performance Bond, Labor and Material Payment Bond, Insurance Policy, and Certificates of Insurance, then this
<br /> Obligation shall be hull and void,otherwise it shall remain in full force and effect,and subject to forfeiture upon demand as Liquidated Damages.
<br /> IN WPi,iESS WHEREOF said Principal and Surety have executed this Bond,this 22nd day of June
<br /> A.D. 19 99
<br /> (C(;rForwe Seal) THE PRINCIPAL
<br /> Purgatoire Valley Construction, Inc.
<br /> 2347 ighway 12 Trinidad, CO 81082
<br /> Ad
<br /> AB7y-- ,t- c, c,
<br /> Secretary
<br /> SIGNATURES: If the "Principal" is doing business as a Corporation, the Bid Bond shall be signed by an officer, i.e., President or Vice President.
<br /> The signature of the officer signing shall be attested to by the Secretary and properly sealed.
<br /> If the "Principal is an individual or a partnership,the Bid Bond shall so indicate and be properly signed.
<br /> (Cot;,uime Scal) THE SURETY
<br /> Uni Pa ific Insurance Company
<br /> By
<br /> ttvrney-ul-Fact
<br /> THIS BOND MUST EL ACCOMPANIED EY POWER OF ATTORNEY,EFFECTIVELY DATED Robert J. Smich
<br /> FAILURE TO PROVIDE A PROPERLY EXECUTED BID BOND WITH A PROPERLY EXECUTED POWER OF
<br /> ATTORNEY WILL R.ESUT.T IN THE BIDDERS PROPOSAL BEING DEEMED NON-RESPONSIVE.
<br /> STATE FORM SC-8.14
<br /> Issued 911165 lRev.7/1/89)
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