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WATERLOO CENTER FOR THE ARTS CHILLER
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WATERLOO, IOWA 50704-1077
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THE AMERICAN INSTITUTE OF ARCHITECTS
A1A Document A310
Bid Bond
Bond Nu 452075
KNOW ALL MEN BY THESE PRESENTS, that we Young Plumbing & Heating Co
750 SO HACKETT ROAD, WATERLOO, IA 50701
as Principal, hereinafter call the Principal, and Merchants Bonding Company (Mutual)
P.O. Box 14498, Des Moines, Iowa 50306-3498
a corporation duly organized under the laws of the State of Iowa
as Surety, hereinafter called the Surety, are held and firmly bound unto City of Waterloo, Iowa
715 Mulberry St., Waterloo IA 50703
as Obligee, hereinafter called the Obligee, in the sum of Five Percent of Bid Amount
Dollars ($ 5 % ),
for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind
ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these
presents.
WHEREAS, the Principal has submitted a bid for Waterloo Center for the Arts Chiller Replacement
NOW THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with
the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding
or Contract Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt
payment of labor and materials furnished in the prosecution thereof, or in the event of the failure of the Principal to enter
such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the
penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith
contract with another party to perform the Work covered by said bid, then this obligation shall be null and void, otherwise
to remain in full force and effect.
Signed and sealed this 8th day of November 2023
41,6sed(
(Witness)
go•rdir"QPICCISID
(Witness)
Young Plumbing & Heating Co
7(Principal)
Pro', ,
(Seal)
(Title)
Merchants Bonding Company (Mutual)
[(Pai eit Ckle-NckyvA Ltd,
(Title)
Paige Shanks Attorney -in -tact
(Surety)
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AIA DOCUMENT A310•BID BOND•AIA®•FEBRUARY 1970 ED.•THE AMERICAN
INSTITUTE OF ARCHITECTS, 1735 N.Y. AVE., N.W., WASHINGTON D.C. 20006
Bond #: 452075
MERCHANTS
BONDING COMPANY„
POWER OF ATTORNEY
Know All Persons By These Presents, that MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.,
both being corporations of the State of Iowa, d/b/a Merchants National Indemnity Company (in California only) (herein collectively called the
"Companies") do hereby make, constitute and appoint, individually,
Paige Shanks
their true and lawful Attorney(s)-in-Fact, to sign its name as surety(ies) and to execute, seal and acknowledge any and all bonds, undertakings,
contracts and other written instruments in the nature thereof, on behalf of the Companies in their business of guaranteeing the fidelity of
persons, guaranteeing the performance of contracts and executing or guaranteeing bonds and undertakings required or permitted in any actions
or proceedings allowed by law.
This Power -of -Attorney is granted and is signed and sealed by facsimile under and by authority of the following By -Laws adopted by the Board
of Directors of Merchants Bonding Company (Mutual) on April 23, 2011 and amended August 14, 2015 and adopted by the Board of Directors of
Merchants National Bonding, Inc., on October 16, 2015.
"The President, Secretary, Treasurer, or any Assistant Treasurer or any Assistant Secretary or any Vice President shall have power and
authority to appoint Attorneys -in -Fact, and to authorize them to execute on behalf of the Company, and attach the seal of the Company thereto,
bonds and undertakings, recognizances, contracts of indemnity and other writings obligatory in the nature thereof?
"The signature of any authorized officer and the seal of the Company may be affixed by facsimile or electronic transmission to any Power of Attorney
or Certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or other suretyship obligations of the
Company, and such signature and seal when so used shall have the same force and effect as though manually fixed."
In connection with obligations in favor of the Florida Department of Transportation only, it is agreed that the power and aut hority hereby given to the
Attorney -in -Fact includes any and all consents for the release of retained percentages and/or final estimates on engineering and construction
contracts required by the State of Florida Department of Transportation. It is fully understood that consenting to the State of Florida Department
of Transportation making payment of the final estimate to the Contractor and/or its assignee, shall not relieve this surety company of any of
its obligations under its bond.
In connection with obligations in favor of the Kentucky Department of Highways only, it is agreed that the power and authority hereby given
to the Attorney -in -Fact cannot be modified or revoked unless prior written personal notice of such intent has been given to the Commissioner -
Department of Highways of the Commonwealth of Kentucky at least thirty (30) days prior to the modification or revocation.
In Witness Whereof, the Companies have caused this instrument to be signed and sealed this 8th day of November , 2023 .
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STATE OF IOWA
COUNTY OF DALLAS ss.
On this 8th day of November , 2023 , before me appeared Larry Taylor, to me personally known, who being by me duly sworn
did say that he is President of MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC.; and that the
seals affixed to the foregoing instrument are the Corporate Seals of the Companies; and that the said instrument was signed and sealed in behalf
of the Companies by authority of their respective Boards of Directors.
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MERCHANTS BONDING COMPANY (MUTUAL)
MERCHANTS NATIONAL BONDING, INC.
d/bla MERCHANTS NATIONAL INDEMNITY COMPANY
Kim Lee
Commission Number 702737
My Commission Fires
April 14, 2024
it
Notary Public
(Expiration of notary's commission
does not invalidate this instrument)
I, William Warner, Jr., Secretary of MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC., do hereby
certify that the above and foregoing is a true and correct copy of the POWER -OF -ATTORNEY executed by said Companies, which is still in full
force and effect and has not been amended or revoked.
In Witness Whereof, I have hereunto set my hand and
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affixed the seal of the Companies on this 8th day of November , 2023 .
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Secretary
POA 0018 (10/22)
SECTION 00 2115
FORM OF PROPOSAL
1.01 PROJECT
A. Waterloo Center for the Arts Chiller Replacement
1.02 BID DATE
A. November 9, 2023 at 1:00pm
B. Submit bid in duplicate with Bid Security attached in a separate envelope.
1.03 OWNER/BOARD MEMBERS
A. The undersigned contractor, being familiar with the proposed project, local conditions affecting
the cost of the work, the Bidding and Contract Documents, Form of Proposal, Drawings,
Addenda and Exhibits issued and attached to the drawings and project manual on file in office
of the City Clerk.
1.04 DOCUMENTS
A. Proposal Bid Form properly executed with Bid Security and/or other Supplementary Forms.
B. Plans and Specifications
C. Addenda:
1. Addendum #1, Dated: 11 /6/23
2. Addendum #2, Dated:
3. Addendum #3, Dated:
4. Addendum #4, Dated:
5 Addendum #5, Dated:
(Contractor to insert date of each Addenda received)
1.05 AGREEMENTS
li A. In submitting this proposal, the contractor agrees to the following stipulations:
1. The bid is in full compliance with the Contract Documents.
2. Accompanying this proposal is the Bid Security (Bid Bond, Certified Check, Certified Share
Draft, Cashier's Check or Cash) required to be furnished by the Contract Documents, the
same being subject to forfeiture in the event of default by the undersigned in accordance
with the terms of the specifications.
3. In submitting this bid it is understood that the right is reserved by the owner to reject minor
bids and waive all informalities and irregularities in connection therewith, if the same is
judged to be in the best interest of the owner
4. Payment shall be received for services as set forth in the Contract Documents.
1.06 PROPOSAL
Having carefully examined the contract documents as well as the premises and conditions
affecting the work, the undersigned hereby proposes to furnish all labor and materials to
complete the general contract requirements of the project in accordance with said documents
for the sum of:
Two hundred forty-nine thousand three hundred DOLLARS
($ 249,300.00 )
BASE BID
Waterloo Center for the Arts Chiller Replacement 00 2115 - 1
FORM OF PROPOSAL
RESPECTFULLY SUBMITTED,
PERSON, FIRM OR CORPORATION BIDDER
FIRM: Young Plumbing & Heating Co.
BY:
(Signature of: Owner, Partner, Manager, etc)
BY: Travis Young President
(Print or Type as Above: Owner, Partner, etc)
Date: 11/09/2023
Address 1: PO Box 1077
Address 2: 750 S Hackett Rd
City, State, Zip: Waterloo, IA 50704
Phone: 319-234-4411
Fax: 319-234-4540
END OF SECTION 00 2115
Waterloo Center for the Arts Chiller Replacement 00 2115 - 2
FORM OF PROPOSAL