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Contracts/Bonds Approvals CITY OF DUBUQUE, IOWA PERFORMANCE, PAYMENT AND MAINTEN,lIlNCE BOND KNOWN ALL MEN BY THESE PRESENTS: That Horsfield Construction, Inc. as Principal (Contractor) and United Fire & Casualty Company as Surety are held firmly bound unto the City of Dubuque, Iowa (City), in the penal sum of $49,340.00 the same being 100% of the total price of the Contract for the Project herein referred to, lawful money of the United States of America, well and truly to be paid to said City of Dubuque, and to all other parties who, under the provisioml of the laws of Iowa, are Intended to be protected and secured hereby for which payment we bind ourselves, our heirs, executors, successors and assigns, jointly and severally by these presents. 4/4/ ~ Dated at Dubuque, Iowa, this day of , duly attested and sealed. , 2006, and WHt::REAS, the said Contractor by a Contract dated , 2006, incorporated herein by reference, has agreed with said City of Dubuque to perform all labor and furnish all materials required to be performed and {umished for the 2.006 Grandview Avenue Concrete Section Repair Project (the Project) according to the Contract and Construction Documents prepared therefore. It Is expressly understood and agreed by the Contractor and Surety bond that the following provisIons are a part of this Bond and are binding upon said Contractor and Surety, to-wit: 1. PERFORMANCE BOND: The Contractor shall well and faith{u\\y observe, perform, fulfill and abide by each and every covenant, condition and part of said Contract and Contract Documents, by reference made a part hl~reof, for the Project, and shall Indemnify and save harmless the City from all outlay and expense incurred by the City by reason of the Contractor's default of failure to perform as required. The Contractor shall also be responsible for the default or failure to perform as required under the Contract and Contract Documents by all Its subcontractors, suppliers, agents, or employees furnishing materials or providing I!lbor in the performance of the Contract. 2. PAYMENT BOND: The Contractor and the Surety shall pay all just claims submitted by persons, firms, subcontractors, and corporations furnishing materials for or performing labor In the performance of the Contract on account of which this Bond is gIven, Including but not limited to claims for "Ill amounts due for labor, materials, lubricants, all, gasoline, repaIrs on machinery, equipment and tools, consumed or used by the Contractor or any subcontractor, wherein the same are not satisfied out of the portIon of the contract price which the City is requIred to retain until completion of the improvement, but the Contractor and Surety shall not be liable to said persons, firms, or corporations unless the claims of said claimants against said portion of the contract price shall have been established as provided by law. The Contractor and Surety hereby bind themselves to the obligations and conditions set forth in Chapter 573, Code of Iowa, which by this reference is made a part hereof as though fully set out herein. 3. MAINTENANCE BOND: The Contractor and the Surety hereby agree, at their own expense: A. To remedy any and all defects that may develop in or result from work to be performed under the Contract within the period of two (2) year(s) from the date of acceptance of the work under the Contract by the City Council of the City of Dubuque, Iowa, by reason of defects in workmanship or materials used in construction of said work; B. To keep all work in continuous good repair; and C. To pay the City the reasonable costs of monltorln~1 and inspection to assure that any defects are remedied, and to repay the City all outlay and expense Incurred as a result of Contractor's and Surety's failure to remedy any defect as required by this section. Contractor's and Surety's agreement herein made extends to defects in workmanshIp or materials not discovered or known \0 the CIty at the time such work was accepted. NOW, THEREFORE, the condition of this obligation is such that If the said Contractor shall perform all of the work contemplated by the ContrElct in a workmanlike manner and in strict compliance with the plans and speclficatiuns, and will pay all claim\> for labor and materials used in connection with said Project, to indemnify the said City for all damages, costs and expense incurred by reason of damages to persons or property arising through the performance of said Contract, and will reimburse the City for any outlay of money which it may be required to make in order to complete said Contract according to the Construction Documents and will maintain in good repair said Project for the period specified in the Contract where this bond is obligated for maintenance, and will faithfully comply with all of the provisions of Section 573 of the Code of Iowa, then this obligation shall be null and void, othelwlse it shall remain in full force and effect. All the conditions of this bond must be fully complied with before the Contractor or the Surety will be released. The Contract, Contractor's Proposal, and Construction Documents shall be considered as a part of this Bond just as If their terms were repeated herein. Dated at Dubuque, Iowa this day of ,2006. By: PRINCIPAL: LbfL-SF'ICL-l) CC>NST12-L..C-nc-,-.I I <.-. Contractor By;lf\) 4, ~ City V\c..E ?rL7.5, DCc!'-1 T"" Title SURETY: By: Attorney-in-fac Tille Cedar Rapids, IA 52407 City, State, Zip Code 515309-6219 TelephonE! Barry A. McGee Attorney In-Fact CITY OF DUBUQUE, IOWA IMPROVEMENT CONTRACT THIS IMPROVEMENT CONTRACT (lhe Contracl), made in triplicate, dated for reference purposes the day of , :W06, between the City of Dubuque, Iowa, by its City Manager, through authority confen'ed upon the City Manager by its City Council (Cily) and Horsfield Construction, Inc. of the City of Epworth, Iowa. For and in consideration of the mutual covenants herein contained, the parties hereto agree as follows: CONTRACTOR AGREES: 1. To furnish all material and equipment and to perform all labor necessary for the 2006 Grandvlew Avenue Concrete Section Repair Project (the Project). The Project shall be made to the established grade and t,o the grades as shown on the profiles and cross sections on file in the City Engineer's office for this Project; in strict accordance with the requirements of the laws of the State of Iowa and ordinances of the City of Dubuque relating to public works, and in accordance with the Contract Document shall of which provisions and documents are each and all hereby referred to and made a part of this Contract just as much as If the detail statements thereof were repeated herein. 2. Contract Documents shall mean and include the following: All ordinances and resolutions heretofore adopted by the City Council hailing to do with the Project; the Notice to Bidders; the Contractor's Proposal; and the Plans, Specifications, and General Requirements as adopted by the City Council for the Project. 3. All materials used by the Contractor In the Project shall be the best of their several kinds and shall be put in place to the satisfaction of the CI~{ Manager. 4. The Contractor shall remove any materials rejected by the City Manager as defective or improper, or any of said work condemned as unsuitable or defective, and the same shall be replaced or done anew to the satisfi~ctlon of the City Manager at the cost and expense of the Contractor. 5. Five percent (5%) of the Contract price shall be retained by the City for a period of thirty (30) days after final completion and acceptance of the Project by the City Council to pay any claim that may be filed within said time for labor and materials done and furnished in connection with the performance I)f this Contract and for a longer period if such claims are not adjusted within that time, as provided in Iowa Code Chapter 573. The City shall also retain additional SUITlS to protect itself against any claim that has been filed against it for damages to pl3fSons or property arising through the prosecution of the work and such sUms shall be held by the City until such claims have been settled, adjudicated or otherwise disposed of. 6. The Contractor has read and understands the specifications including General Requirements and has examined and understands the plans herein referred to and agrees not to plead misunderstanding or deception becaUl!e of estimates of quantity, character, location or other conditions surrounding the same. 7. In addition to the guarantee provided for in the specifications, the Contractor shall also make good any other defect in any part of the Project due to Improper construction notwithstanding the fact that said Project ma~{ have been accepted and fully paid for by the City, and the Contractor's bond shall be security therefore. 8. The Contractor shall fully complete the Project under tills Contract on or before September 1st, 2006. 9. To the fullest extent permitted by law, the Contractor shall Indemnify and hold harmless the City from and against all claims, damagels, losses and expenses, including but not limited to attorneys' fees, arising out of or resulting from performance of the Contract, provided that such claim, damages, loss or expense is attributable to bodily injury, sickness, disease or death, or injury to or destruction of property (other than the Project itself) Including loss of use resulting there from, but only to the extent caused In whole or In part by negligent acts or omissions of the Contractor, the Contractor's subcontractor, or anyone directly or indirectly employed by the Contractor or the Contractor's subcontractor or anyone for whose acts the Contractor or the Contractor's subcontractor may be liable, regardless of whether or not such claim, damage, loss or expense is caused in part by a party Indemnified hereunder. THE CITY AGREES: Upon the completion of the Contract, and the acceptllnce of the Project by the City Council, the City agrees to pay the Contractor as full compensation for the complete performance of this Contract, the amount detemlined for the total number of units completed at the unit prices stated in the Contractor's Proposal and less any liquidated damages provIded for in the Contract Documents. The number of units stated in the plans and specifications is approximate only and the final payment shall be made by the work covered by the Contract. CONTRACT AMOUNT $49,340.00 FURTHER CONDITIONS The Contractor hereby represents and guarantees that It has not, nor has any other person for or In Its behalf, directly or indirectly, entered into any arrangement or agreement with any other bidder, or with any public officer, whereby it has paid or is to pay any other bidder or public officer any sum of money or ~nythlng of value whatever in order to obtain this Contract; and it has not, nor has another person for or In its behalf directly or indirectly, entered Into any agreement or arrangement with any other person, firm, corporation or association which tends to or does lessen or destroy free competition In the letting of this Contract and agrees that in case it hereafter be established that such representatIons or guarantees, or any of them are false, It will forfeit and pay not less than ten percent (1 0%) of the Contract price but in no event be iess than Five Hundred and 00/100 Dollars ($500.00) as liquIdated damages to the CIty. The surety on the bond furnished for this Contract, shall in addition to all other provisions, be obligated to the extent provided for by Iowa Code ~ 573.6, relating to this Contract, which provisIons apply to said bond. The Contractor agrees, and its bond shall be surety therefore, that It will keep and maintain the Project in good repair for a period of two ye~lrs after acceptance of the same by the City Council and Its bond shall be security therefore. CllY OF /i;~Q '{;IOWA By ! It . t 1/~f'L./ Clt Manager PRINCIPAL: l-b,.up IE_.........J (cr--l.i. T"12-1..Anc-r( It-Ic. . Contractor -~ i\. II By: rv[~ ignature '/IC..E...- ?n--E~'O'?r--t1 Title CERTIFICATE OF CITY CLERK This is to certify that a certified copy of the above Contract has been filed in my office on the day of , 2006. Jeanne F. Schneider. CMC, City Clerk . UNITED FIRE & CASUALTY COMPANY HOME OFFICE - CEDAR RAPIDS, IOWA CERTIFIED COPY OF POWER OF ATTORNEY (Original on file at Home Office of Company - See Certification) KNOW ALL MEN BY THESE PRESENTS, That the UNITED FIRE & CASUALTY COMPANY, a corporation duly orQanized and existiQg under the Jaws of the State of Iowa, and having its principal office in Cedar Rapids, State of Iowa, does make. constitute and appoint TERRY A, SCHULTZ, OR PlaNE R. YOUNG, OR BARRY A. MCGEE, OR JOHN W. AHROLP, OR JOHN R. FAY, OR KARLENE KSNTNER, OR JENNIFER STARK, OR MATT FAY, ALL INOIVIPUALLY of PES MOINES lA it$ true and lawful Attomey(s)-in-Fad with power aM authority hereby conferred \0 sign, seal and execute in its behalf all lawful bonds, undertakings and other obligatory instruments of similar nature as follo""s: Any and All Bonds and to bi?d UNITED FIRE & CASUALTY COMPANY thereby as fully and to the same extent as if such instruments were signed by the duly authorized officers of UNITED FIRE & CASUALTY COMPANY and all the acts of said Attorney, pursuant to the authority hereby given are hereby ratified and confirmed. The Authority hereby granted is continuous and sh.1I remain in full force and effect until.revokedby UNITED FiRE & CASUALrvCOMPANY. This power of Attorney is made and executed pursuant to and by authority of the following By-Law duly adopted by Board of Diractorsof the CompanY on April 18, 1973. "Article V - Surety Bonds and Undertakings" section 2, Appointment of AttorneY'il'l-Fact. "The President or any Vice President, or any other officer olthe Cornpany may, from time to time, appoint by written certificates attorneys-in-fact to act In behalf of the Company in the execution of policies of insurance, bondS. undertakings and other obligatory instruments of like nature. The signature of.ny officer authorized hereby, and the Corporate seal, may be affixed by facsimile to any power of attorney or special power of attorney or certification of either authorized hereby; such signature and seal, when so used, being adopted by the Company as the original signature of such officer and the original seal of the Company, to be valid and binding upon the Company with the sam.e force and effect as though manually affixed. Such attorneys-in fact, subject to the limitations set forth in their respective certificates of authority Shall have ful.1 power to bind the Company by their signature and execution of any such instruments and to attach the seal of the Company thereto. The President or any Vice President, the Board of Directors or any other officer of the Company may at any time revoke all power and authority previously given to any attorney-in-fact. State of Iowa, County of Linn, ss: By~q~ Vice President on1.7th day of Januaty,200S, before me personally came Randy A. RamIo to me known, whO ~eing by me duly Sworn, did depose and say; that he resides in Cedar Rapids, State of Iowa; that he is a Vice President of the UNITED. FIRE&. CASUALTY COMPANY, the corporation described in and which executed the above instrument; that he knows the seal of said corporation; that the seal affixed to the said instrument is such corporate seal; that it was so affixed pursuant to authority given by the Board of Directors of said corporation and that he signed his name thereto pursuant to like authority, and acknowl$dges same to be the act and deed of said corporation, -....4'v\~ ~ Notary Public ryIy commission expires: 07/14/2006 :i~. '., .MICH~~LE WILSON i ,f'Jco ......S.fONNU _lA 704..145 . .MY COM~'SS'ON EXPIRES. ..._ ,-IL-do jJ~ /;;Y;r: Secretary 80ND0019 0802 01 UND#3221-B . - CITY OF DUBUQUE, IOWA IMPROVEMENT CONTRACT THIS IMPROVEME~~qNTRACT (th Contriilcj.), made in triplicate, dated for reference purposes the b day of X" ,2006, between the City of Dubuque, Iowa, by its City Manager, through ority conferred upon the City Manager by its City Council (City) and Horsfield Construction, Inc. of the City of Epworth, Iowa. For and in consideration of the mutual covenants herein contained, the parties hereto agree as follows: CONTRACTOR AGREES: 1. To furnish all material and equipment and to perform all labor necessary for the 2006 Grandview Avenue Concrete Section Repair Project (the Project). The Project shall be made to the established grade and to the grades as shown on the profiles and cross sections on file in the City Engineer's office for this Project; in strict accordance with the requirements of the laws of the State of Iowa and ordinances of the City of Dubuque relating to public works, and in accordance with the Contract Document shall of which provisions and documents are each and all hereby referred to and made a part of this Contract just as much as if the detail statements thereof were repeated herein. 2. Contract Documents shall mean and include the following: All ordinances and resolutions heretofore adopted by the City Council having to do with the Project; the Notice to Bidders; the Contractor's Proposal; and the Plans, Specifications, and General Requirements as adopted by the City Council for the Project. 3. All materials used by the Contractor in the Project shall be the best of their several kinds and shall be put in place to the satisfaction of the City Manager. 4. The Contractor shall remove any materials rejected by the City Manager as defective or improper, or any of said work condemned as unsuitable or defective, and the same shall be replaced or done anew to the satisfaction of the City Manager at the cost and expense of the Contractor. 5. Five percent (5%) of the Contract price shall be retained by the City for a period of thirty (30) days after final completion and acceptance of the Project by the City Council to pay any claim that may be filed within said time for labor and materials done and furnished in connection with the performance of this Contract and for a longer period if such claims are not adjusted within that time, as provided in Iowa Code Chapter 573. The City shall also retain additional sums to protect itself against any claim that has been filed against it for damages to persons or property arising through the prosecution of the work and such sums shall be held by the City until such claims have been settled, adjudicated or otherwise disposed of. .... 6. The Contractor has read and understands the specifications including General Requirements and has examined and understands the plans herein referred to and agrees not to plead misunderstanding or deception because of estimates of quantity, character, location or other conditions surrounding the same. 7. In addition to the guarantee provided for in the specifications, the Contractor shall also make good any other defect in any part of the Project due to improper construction notwithstanding the fact that said Project may have been accepted and fully paid for by the City, and the Contractor's bond shall be security therefore. 8. The Contractor shall fully complete the Project under this Contract on or before September 1st, 2006. 9. To the fullest extent permitted by law, the Contractor shall indemnify and hold harmless the City from and against all claims, damages, losses and expenses, including but not limited to attorneys' fees, arising out of or resulting from performance of the Contract, provided that such claim, damages, loss or expense is attributable to bodily injury, sickness, disease or death, or injury to or destruction of property (other than the Project itself) including loss of use resulting there from, but only to the extent caused in whole or in part by negligent acts or omissions of the Contractor, the Contractor's subcontractor, or anyone directly or indirectly employed by the Contractor or the Contractor's subcontractor or anyone for whose acts the Contractor or the Contractor's subcontractor may be liable, regardless of whether or not such claim, damage, loss or expense is caused in part by a party indemnified hereunder. THE CITY AGREES: Upon the completion of the Contract, and the acceptance of the Project by the City Council, the City agrees to pay the Contractor as full compensation for the complete performance of this Contract, the amount determined for the total number of units completed at the unit prices stated in the Contractor's Proposal and less any liquidated damages provided for in the Contract Documents. The number of units stated in the plans and specifications is approximate only and the final payment shall be made by the work covered by the Contract. CONTRACT AMOUNT $49,340.00 . . FURTHER CONDITIONS The Contractor hereby represents and guarantees that it has not, nor has any other person for or in its behalf, directly or indirectly, entered into any arrangement or agreement with any other bidder, or with any public officer, whereby it has paid or is to pay any other bidder or public officer any sum of money or anything of value whatever in order to obtain this Contract; and it has not, nor has another person for or in its behalf directly or indirectly, entered into any agreement or arrangement with any other person, firm, corporation or association which tends to or does lessen or destroy free competition in the letting of this Contract and agrees that in case it hereafter be established that such representations or guarantees, or any of them are false, it will forfeit and pay not less than ten percent (10%) of the Contract price but in no event be less than Five Hundred and 00/100 Dollars ($500.00) as liquidated damages to the City. The surety on the bond furnished for this Contract, shall in addition to all other provisions, be obligated to the extent provided for by Iowa Code S 573.6, relating to this Contract, which provisions apply to said bond. The Contractor agrees, and its bond shall be surety therefore, that it will keep and maintain the Project in good repair for a period of two years after acceptance of the same by the City Council and its bond shall be security therefore. PRINCIPAL: -loa-sF ,'-'" L..-l:':). (c,-...tSnLI..--C T701"~, Ii'-(c. By: VlcE_ PfLESID(-"'r-I,-- Title CERTIFICATE OF CITY CLERK ~ eanne F. Schneider, CMC, City Clerk the above Contract has been filed in my ,2006. This is to certify that a ce office on the/5""'Jt/ day of ~, / CITY OF DUBUQUE, IOWA IMPROVEMENT CONTRACT THIS IMPROVEMENT CONTRACT (t e Co tra t), made in triplicate, dated for reference purposes the /-5.rft/ day of , 2006, between the City of Dubuque, Iowa, by its City Manager, through thority conferred upon the City Manager by its City Council (City) and Drew Cook & Sons Excavating, Inc. of the City of Dubuque, Iowa.. For and in consideration of the mutual covenants herein contained, the parties hereto agree as follows: CONTRACTOR AGREES: 1. To furnish all material and equipment and to perform all labor necessary for the Northwest Arterial Hike-Bike Trail Phase 1 Project (the Project). The Project shall be made to the established grade and to the grades as shown on the profiles and cross-sections on file in the City Engineer's office for this Project, in strict accordance with the requirements of the laws of the State of Iowa and ordinances of the City of Dubuque relating to public works, and in accordance with the Contract Document shall of which provisions and documents are each and all hereby referred to and made a part of this Contract just as much as if the detail statements thereof were repeated herein. 2. Contract Documents shall mean and include the following: All ordinances and resolutions heretofore adopted by the City Council having to do with the Project; the Notice to Bidders; the Contractor's Proposal; and the Plans, Specifications, and General Requirements as adopted by the City Council for the Project. 3. All materials used by the Contractor in the Project shall be the best of their several kinds and shall be put in place to the satisfaction of the City Manager. 4. The Contractor shall remove any materials rejected by the City Manager as defective or improper, or any of said work condemned as unsuitable or defective, and the same shall be replaced or done anew to the satisfaction of the City Manager at the cost and expense of the Contractor. 5. Five percent (5%) of the Contract price shall be retained by the City for a period of thirty (30) days after final completion and acceptance of the Project by the City Council to pay any claim that may be filed within said time for labor and materials done and furnished in connection with the performance of this Contract and for a longer period if such claims are not adjusted within that time, as provided in Iowa Code Chapter 573. The City shall also retain additional sums to protect itself against any claim that has been filed against it for damages to persons or property arising through the prosecution of the work and such sums shall be held by the City until such claims have been settled, adjudicated or otherwise disposed of. 6. The Contractor has read and understands the specifications including General Requirements and has examined and understands the plans herein referred to and agrees not to plead misunderstanding or deception because of estimates of quantity, character, location or other conditions surrounding the same. 7. In addition to the guarantee provided for in the specifications, the Contractor shall also make good any other defect in any part of the Project due to improper construction notwithstanding the fact that said Project may have been accepted and fully paid for by the City, and the Contractor's bond shall be security therefore. 8. The Contractor shall fully complete the Project under this Contract on or before November 3rd, 2006. 9. To the fullest extent permitted by law, the Contractor shall indemnify and hold harmless the City from and against all claims, damages, losses and expenses, including but not limited to attorney fees, arising out of or resulting from performance of the Contract, provided that such claim, damages, loss or expense is attributable to bodily injury, sickness, disease or death, or injury to or destruction of property (other than the Project itself) including loss of use resulting there from, but only to the extent caused in whole or in part by negligent acts or omissions of the Contractor, the Contractor's subcontractor, or anyone directly or indirectly employed by the Contractor or the Contractor's subcontractor or anyone for whose acts the Contractor or the Contractor's subcontractor may be liable, regardless of whether or not such claim, damage, loss or expense is caused in part by a party indemnified hereunder. THE CITY AGREES: Upon the completion of the Contract, and the acceptance of the Project by the City Council, the City agrees to pay the Contractor as full compensation for the complete performance of this Contract, the amount determined for the total number of units completed at the unit prices stated in the Contractor's Proposal and less any liquidated damages provided for in the Contract Documents. The number of units stated in the plans and specifications is approximate only and the final payment shall be made by the work covered by the Contract. CONTRACT AMOUNT $216,832.00 FURTHER CONDITIONS The Contractor hereby represents and guarantees that it has not, nor has any other person for or in its behalf, directly or indirectly, entered into any arrangement or agreement with any other bidder, or with any public officer, whereby it has paid or is to pay any other bidder or public officer any sum of money or anything of value whatever in order to obtain this Contract; and it has not, nor has another person for or in its behalf directly or indirectly, entered into any agreement or arrangement with any other person, firm, corporation or association which tends to or does lessen or destroy free competition in the letting of this Contract and agrees that in case it hereafter be established that such representations or guarantees, or any of them are false, it will forfeit and pay not less than ten percent (10%) of the Contract price but in no event be less than Seven Hundred Fifty and 00/100 Dollars ($750.00) as liquidated damages 0 the City. The surety on the bond furnished for this Contract, shall in addition to all other provisions, be obligated to the extent provided for by Iowa Code S 573.6, relating to this Contract, which provisions apply to said bond. The Contractor agrees, and its bond shall be surety therefore, that it will keep and maintain the Project in good repair for a period of two years after acceptance of the same by the City Council and its bond shall be security therefore. PRINCIPAL , lle(l) rti) '( +'D^) ') t-lca1l1i1nq ~actor By: We-- cmtc Ignature \loo dM~ Title CERTIFICATE OF CITY CLERK This is to certif~ a certified in my office on the /5 day of bove Contract has been filed ,2006. anne F. Schneider, CMC, City Clerk .' c.. CITY OF DUBUQUE, IOWA PERFORMANCE, PAYMENT AND MAINTENANCE BOND KNOWN ALL MEN BY THESE PRESENTS: That Drew Cook & Sons Excavating, Inc. as Principal (Contractor) and IMT Insurance Company as Surety are held firmly bound unto the City of Dubuque, Iowa (City), in the penal sum of $216,832.00 the same being 100% of the total price of the Contract for the Project herein referred to, lawful money of the United States of America, well and truly to be paid to said City of Dubuque, and to all other parties who, under the provisions of the laws of Iowa, are intended to be protected and secured hereby for which payment we bind ourselves, our heirs, executors, successors and assigns, jointly and severally by these presents. Dated at Dubuque, Iowa, this 31st day of duly attested and sealed. July , 2006, and WHEREAS, the said Contractor by a Contract dated July 31 , 2006, incorporated herein by reference, has agreed with said City of Dubuque to perform all labor and furnish all materials required to be performed and furnished for the Northwest Arterial Hike-Bike Trail Phase 1 Project (the Project) according to the Contract and Construction Documents prepared therefore. It is expressly understood and agreed by the Contractor and Surety bond that the following provisions are a part of this Bond and are binding upon said Contractor and Surety, to-wit: 1. PERFORMANCE BOND: The Contractor shall well and faithfully observe, perform, fulfill and abide by each and every covenant, condition and part of said Contract and Contract Documents, by reference made a part hereof, for the Project, and shall indemnify and save harmless the City from all outlay and expense incurred by the City by reason of the Contractor's default of failure to perform as required. The Contractor shall also be responsible for the default or failure to perform as required under the Contract and Contract Documents by all its subcontractors, suppliers, agents, or employees furnishing materials or providing labor in the performance of the Contract. 2. PAYMENT BOND: The Contractor and the Surety shall pay all just claims submitted by persons, firms, subcontractors, and corporations furnishing materials for or performing labor in the performance of the Contract on account of which this Bond is given, including but not limited to claims for all amounts due for labor, materials, lubricants, oil, gasoline, repairs on machinery, equipment and tools, consumed or used by the Contractor or any subcontractor, wherein the same are not satisfied out of the portion of the contract price which the City is required to retain until completion of the improvement, but the Contractor and Surety shall not be liable to said persons, firms, or corporations unless the claims of said claimants against said portion of the Contract price shall have been established as provided by law. The Contractor and Surety hereby bind themselves to the obligations and " ". . conditions set forth in Chapter 573, Code of Iowa, which by this reference is made a part hereof as though fully set out herein, 3. MAINTENANCE BOND: The Contractor and the Surety hereby agree, at their own expense: A. To remedy any and all defects that may develop in or result from work to be performed under the Contract within the period of two (2) year(s) from the date of acceptance of the work under the Contract by the City Council of the City of Dubuque, Iowa, by reason of defects in workmanship or materials used in construction of said work; B. To keep all work in continuous good repair; and C. To pay the City the reasonable costs of monitoring and inspection to assure that any defects are remedied, and to repay the City all outlay and expense incurred as a result of Contractor's and Surety's failure to remedy any defect as required by this section. Contractor's and Surety's agreement herein made extends to defects in workmanship or materials not discovered or known to the City at the time such work was accepted. NOW, THEREFORE, the condition of this obligation is such that if the said Contractor shall perform all of the work contemplated by the Contract in a workmanlike manner and in strict compliance with the plans and specifications, and will pay all claims for labor and materials used in connection with said Project, to indemnify the said City for all damages, costs and expense incurred by reason of damages to persons or property arising through the performance of said Contract, and will reimburse the City for any outlay of money which it may be required to make in order to complete said Contract according to the Construction Documents and will maintain in good repair said Project for the period specified in the Contract where this bond is obligated for maintenance, and will faithfully comply with all of the provisions of Section 573 of the Code of Iowa, then this obligation shall be null and void, otherwise it shall remain in full force and effect. All the conditions of this bond must be fully complied with before the Contractor or the Surety will be released. The Contract, Contractor's Proposal, and Construction Documents shall be considered as a part of this Bond just as if their terms were repeated herein. Dated at Dubuque, Iowa this 31st day of July , 2006. '. CITY OF DUBUQUE, IOWA t By: (11,) i:~;2iL City Manager PRINCIPAL Drew Cook & Sons Excavating, Inc ~ractor By: JC"" (!(5)LL ig ature _H- '-P n l~}:.; Title SURETY IMT Insurance ;;orypany ~ur~ty ~~JlY'/ ~(~~ - ... atu.- .----At torney-in- Fac t Title Dubuque, IA 52001 City, State, Zip Code ) l'l.l'l ~ ~ ~ ~ ~ ~ ~ I 1M! !~!~~~~CE I ~ ~ I POWER OF ATTORNEY No. 3 1132 I ~ Notice: The warning found elsewhere in this Power of Attorney affects the validity thereof. Please review carefully. ~ I Know All Persoos By These Presents, that IMT Insuraoce Company (Mutual) a corporation duly organized uoder the laws of the State of Iowa. and I ~ having its principal office in the City of West Des Moines, County of Polk, State of Iowa, hath made, constituted and appointed, and does by these ~ ~ presents make, constitute and appoint ~ ~ John E. Goodmann and Barton P. Brown ~ ~ ~ ~ of DuhuquE> and State of IQw~ its true and lawful Attorney-in-Fact, with full power and ~ I authority hereby conferred in its name, place and stead, to sign, execute, acknowledge and deliver in its behalf as surety any and all bonds, under- ~ fiiJ takings, recognizances or other written obligations in the nature thereof, subject to the limitation that any such instrument shall not exceed the fiiJ ~ amount of: ~ ~ One Million Five Hundred Thousand and NollOO ($1,500,000.00) Dollars ~ ~ and to bind IMT Insurance Company (Mutual) thereby as fully and to the same extent as if such bond or undertaking was signed by the duly ~ ffil authorized officers of IMT Insurance Company (Mutual), and all such acts of said Attorney-in-Fact, pursuant to the authority herein given, are ~ ~ hereby ratified and confinned. ~ ~ This Power-of-Attomey is made and executed pursuant to and by authority of the following By-Laws adopted by the Board of ~ ~ Directors of IMT Insurance Company (Mutual) on December 18. 1998. ~ ~ ARTICLE VIII, SECTION 4. - The President or any Vice President or Secretary shall have the authority to appoint Attorneys In Fact and ~ ffil to authorize them to execute on behalf of the Company, and attach thereto the Corporate Seal, bonds, undertakings, recognizances, COll- ~ ~ tracts of indemnity or other obligatory writings, excluding insurance policies and endorsements. ~ ~ ARTICLE VIII, SECTION 5. - The signature of any authorized officer and the Corporate Seal may be affixed by facsimile to any Power ~ ~ of Attorney authorizing the execution and delivery of any of the instruments described in Article VIIl, Section 4 of the By-Laws. Such ~ ~ facsimile signature and seal shall have the same force and effect as though manually affixed. ~ ~ In Witness Whereof, IMT Insurance Company (Mutual) has caused these presents to be E;;gned by its President and its corporate seal to ~ ~ be hereto affixed. this 30th day of In"p 100'; ~ I IMT Insllrance Com~any (Mutual) ~ I ~JJ kiJJf'J I ~ Richard Keich. Pre"Jent ~ ~ ~ ~ WARNING: THIS POWER IS INVALID IF NOT PRINTED WITH RED BORDER AND RED LOGO. ~ ~ STATE OF IOWA } ss: ~ ~ COUNTY OF POLK ~ ~ ~ ~ 00 this 30th day of .Innp ?006 . before me appeared Richard Keith, to me personally known, @ ~ who being by me duly sworn did say that he is President of the IMT Insurance Company (Mutual), the corporation described in the foregoing ~ ~ instrument, and that the Seal affixed to the said instrument is the Corporate Seal of the said Corporation and that the said instrument was signed ffil ~ and sealed in behalf of said Corporation by authority of its Board of Directors. ~ ~ In Testimony Whereof, I have hereunto set my hand and affixed my Official Seal at the City of West Des Moines, Iowa, the day and year ~ ~ first above writteu. ij&. TERRY FREDERICK ~ ~ ~ 'j: COMMISSION NO. 711620 ~ \ ~~'--- ~ ~ . . MY 9E..M(of~S}2t' EXPIRES Notary Public, P'olrtounty. Iowa ~ ~ ~p ,I. ~ ~ CERTIFICATE ~ I I, Newell K. Hart, Secretary of the IMT Insurance Company (Mutual) do hereby certify that the above and foregoing is a true and cor- II @ rect copy of the POWER-OF-ATfORNEY, executed by said the IMT Insurance Company (Mu':u:Il\ which is still in force and effect. ~ ~ In Witness Whereof, I have hereunto set my hand and affixed the Seal of the Company on 31st day of ~ '" July , 2006 . ~ ~ ~ ~ /'~UJ "";lR-./di~ ~ I NewcU K Hart, secr<~-'; I ~ SY 06 06 (06/04) ~ l'l.l'l