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Home My WebLink AboutStickfort Construction-6/23/2014 (2)CITY OF WATERLOO Council Communication City Council Meeting: June.23, 2014 Prepared: June 18, 2014 Dept. Head Signature: Eric Thorson, PE., City Engineer # of Attachments: SUBJECT: F.Y. 2013 SAN SOUCI WING DAM REPAIRS Contract No. 846 Submitted by: Eric Thorson, P.E., City Engineer Recommended City Council Action: It is recommended that this project be accepted. Summary Statement I report that STICKFORT CONSTRUCT ION CORPORATOIN, of Hudson, Iowa, has completed the F.Y. 2013 SAN SOUCI WING DAM REPAIRS, CONTRACT NO. 846 in accordance with the plans and specifications. The total cost of the contract was $123,267.00. Transmitted also to the Clerk's Office is the Maintenance Bond that guarantees the maintenance of this improvement for a period of two (2) years. Expenditure Required Source of Funds Waterloo Development Corporation's Black Hawk Gaming Funds Policy Issue N/A Alternative None Background Information: Cc: Stickfort Construction Corporation Rudy Jones, Community Development Director Pauline Closson, Engineering Department MAINTENANCE BOND KNOW ALL MEN BY THESE PRESENTS: Band No. 2166566 That, Stickfort Construction Corporation of Hudson. IA as Principal, and the North American Specialty Insurance Company are held and firmly bound unto City of Waterloo, IA as Surety, in the Penal SUM Of One Hundred Twenty Three Thousand Two Hundred Sixty Seven Dollars and 00/100 (S 123,267.00 Dollars. lawful money of the United States of America, for the payment of which, well and truly to be made, the Principal and Surety bind themselves, their and each of their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. Whereas. the said Principal entered into a certain contract. with City of Waterloo, IA To furnish all the material and labor necessary for the construction of SANS SOUCI WING DAM REPAIRS, Contract No. 846 in Waterloo, IA In conformity with certain specifications; and Whereas, a further condition of said contract it that the said Principal should furnish a bond in indemnity, guaranteeing to remedy any defects in workmanship or materials that may develop in said work within a period of Two ( 2 ) years from the date of acceptance of the work under said contract; and Whereas, the said North American Specialty Insurance Company for a valuable consideration, has agreed to. join with said Principal in such bond or guarantee, indemnifying said City of Waterloo, IA Now, therefore, the: condition of this obligation is such, that if the said Principal shall, at his own cost and expense, remedy any and all defects that may develop in said work within the period of Two ( 2 ) years from the date of acceptance of the work under said contract, by reason of bad workmanship or poor material used in the construction of said work, and shall keep all work in continuous good repair during said period, and shall in all other respects, comply with all the terms and conditions of said contract with respect to maintenance and repair of said work, then this obligation to be null and void; otherwise to be and remain in full force and virtue in law. In Witness whereof, we have hereunto set our hands and seals this day of June ,2014 ,iPP o ed ,S t0 fOrrv• 5th Stickfort Construction Corporation rancipal outtanuto North American Specialty Insurance Company 4as N'O4,§1% Suret uione rt. Young tg�1 SE41. =ma a1 1973 w}, 4. tt 4 chneyin-in Mama* NAS SURETY GROUP NORTH AMERICAN SPECIALTY INSURANCE COMPANY WASHINGTON INTERNATIONAL INSURANCE COMPANY GENERAL POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS, THAT North American Specialty Insurance Company, a corporation duly organized and existing under laws of the State of New Hampshire, and having its principal office in the City of Manchester, New Hampshire, and Washington International Insurance Company, a corporation organized and existing under the laws of the State of New Hampshire and having its principal office in the City of Schaumburg, Illinois each does hereby make, constitute and appoint: Dione R. Young Its true and lawful Attorney -in -Fact, to make, execute, seal and deliver, for and on its behalf and as its act and deed, the following surety bond: Principal: Stickfort Construction Corporation Bond Number: 2166566 Obligee: City of Waterloo, IA Bond Amount: See Bond Form Bond Description: SANS SOUCI WING DAM REPAIRS, Contract No. 846 Provided that no bond or undertaking or contract of suretyship executed under this authority shall exceed the amount of: FIFTY MILLION ($50,000,000) DOLLARS This Power of Attorney is granted and is signed by facsimile under and by the authority oldie following Resolutions adopted by the Boards of Directors of both North American Specialty Insurance Company and Washington International Insurance Company at meetings duly called and held on the 9th of May, 2012: "RESOLVED, that any two of the Presidents, any Managing Director, any Senior Vice President, any Vice President, any Assistant Vice President, the Secretary or any Assistant Secretary be, and each or any of them hereby is authorized to execute a Power of Attorney qualifying the attorney named in the given Power of Attorney to execute on behalf of the Company bonds, undertakings and all contracts of surety, and that each or any of them hereby is authorized to attest to the execution of any such Power of Attorney and to attach therein the seal of the Company; and it is FURTHER RESOLVED, that the signature of such officers and the seal of the Company may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile, and any such Power of Attorney or certificate bearing such facsimile signatures or facsimile seal shall be binding upon the Company when so affixed and in the future with regard to any bond, undertaking or contract of surety to which it is attached." ottiononno yai ai 1S9 $L r�•l. nuD,N .`L By even P. Anderson, Senior Vice President of Washington International Insurance Company & Senior Vice President of North American Specialty Insurance Company By David M. Layman, Vice President of ashington International Insurance Company & Vice President of North American Specialty Insurance Company IN WITNESS WHEREOF, North American Specialty Insurance Company and Washington International Insurance Company have caused their official seals to be hereunto affixed, and these presents to be signed by their authorized officers this 25th day of May 2012 . North American Specialty Insurance Company Washington International Insurance Company State of Illinois County of Cook On this 25th day of May 20 12 , before me, a Notary Public personally appeared Steven P. Anderson . Senior Vice President of Washington International Insurance Company and Senior Vice President of North American Specialty Insurance Company and David M. Layman Vice President of Washington International Insurance Company and Vice President of North American Specialty Insurance Company, personally known to me, who being by me duly swom, acknowledged that they signed the above Power of Attorney as officers of and acknowledged said instrument to be the voluntary act and deed of their respective companies. ss: "OFFICIAL SEAL' DONNA D. SKLENS Notary Public, State of Illinois My Commission Expires 10/06/2015 AQ - Donna D. Sklens, Notary Public I, Jeffrey Goldberg , the duly elected Assistant Secretary of North American Specialty Insurance Company and Washington International Insurance Company, do hereby certify that the above and foregoing is a true and correct copy of a Power of Attorney given by said North American Specialty Insurance Company and Washington International Insurance Company, which is still in full force and effect. IN WITNESS WHEREOF, I have set my hand and affixed the seals of the Companies this 5th day of June , 2014 Jeffrey Goldberg, Vice President & Assistant Secretary of Washington International Insurance Company & Assistant Secretary of North American Specialty Insurance Company