The URL can be used to link to this page

Home My WebLink AboutMAINTENANCE BOND (2) MAINTENANCE BOND Bond No. 105384392 KNOW ALL MEN BY THESE PRESENTS: That, Peterson Contractors Inc. of Reinbeck. IA as Principal,and the Travelers Casualty and Surety Company of America as Surety, are held and firmly bound unit? City of Waterloo, IA ` in the penal sutra of Three Million Four Hundred Thirty Three Thousand Two Hundred Seventy Five Dollars and 46/100 ES 3,433,275.46 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,executor's, administrators,successor's 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 F.Y 2010 River Renaissance Lower Plaza-City Contract No. 763 in Waterloo, IA In conformity with Certain Specifications;and Whereas,a further condition of said contract is 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 WhMaS',the said Travelers Casualty and Surety Company of America for d 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 29th day of October '2013, Peterson C;ont ctors, c. fi)� ,OCd r,S -Aco Azo')'� Fay- ' � Travelera, alty and Surety Company of Amen Surety �Y •'••�. o- /^ P&� / te 'z�'o �- HARTFORD �J Cromer Attorney-In- ¢ OONN' Mill 1111+t'", TRAVELERS POWER OF ATTORNEY Farmington Casualty Company St.Paul Mercury Insurance Company Fidelity and Guaranty Insurance Company Travelers Casualty and Surety Company Fidelity and Guaranty Insurance Underwriters,Inc. Travelers Casualty and Surety Company of America St.Paul Fire and Marine Insurance Company United States Fidelity and Guaranty Company St.Paul Guardian Insurance Company Surety Bond No. 105384392 Principal: Peterson Contractors, Inc. OR Project Description: F.Y. 2010 River Renaissance Lower Plaza - obligee: City of Waterloo, IA City Contract No. 763 KNOW ALL MEN BY THESE PRESENTS: That Farmington Casualty Company, St. Paul Fire and Marine Insurance Company, St. Paul Guardian Insurance Company,St. Paul Mercury Insurance Company,Travelers Casualty and Surety Company,Travelers Casualty and Surety Company of America, and United States Fidelity and Guaranty Company, are corporations duly organized under the laws of the State of Connecticut, that Fidelity and Guaranty Insurance Company is a corporation duly organized under the laws of the State of Iowa, and that Fidelity and Guaranty Insurance Underwriters, Inc. is a corporation duly organized under the laws of the State of Wisconsin (herein collectively called the"Companies"), and that the Companies do hereby make,constitute and appoint Anne Crowner of the City of West Des Moines ,State of IA ,their true and lawful Attorney-in-Fact,to sign,execute,seal and acknowledge the surety bond(s)referenced above. IN WITNESS WHEREOF, the Companies have caused this instrument to be signed and their corporate seals to be hereto affixed,this IOth day of September,2012. Farmington Casualty Company St.Paul Mercury Insurance Company Fidelity and Guaranty Insurance Company Travelers Casualty and Surety Company Fidelity and Guaranty Insurance Underwriters,Inc. Travelers Casualty and Surety Company of America St.Paul Fire and Marine Insurance Company United States Fidelity and Guaranty Company St.Paul Guardian Insurance Company O`��G^•�A`�+' ��Q,,,n''lYitr,. ��+*Y 46,k�I�r� �'��pf 4Aan ,.r.y ��+4 '� State of Connecticut City of Hartford ss. Robert L.Raney,Senior Vice President On this the 10th day of September, 2012, before me personally appeared Robert L. Raney, who acknowledged himself to be the Senior Vice President of Farmington Casualty Company,Fidelity and Guaranty Insurance Company,Fidelity and Guaranty Insurance Underwriters,Inc.,St. Paul Fire and Marine Insurance Company,St. Paul Guardian Insurance Company,St. Paul Mercury Insurance Company,Travelers Casualty and Surety Company, Travelers Casualty and Surety Company of America,and United States Fidelity and Guaranty Company,and that he,as such,being authorized so to do, executed the foregoing instrument for the purposes therein contained by signing on behalf of the corporations by himself as a duly authorized officer. In Witness Whereof,I hereunto set my hand and official seal. �.tEt My Commission expires the 30th day of June,2016. o AusuGS* Marie C.Tetreault,Notary Public This Power of Attorney is granted under and by the authority of the following resolutions adopted by the Boards of Directors of Farmington Casualty Company, Fidelity and Guaranty Insurance Company, Fidelity and Guaranty Insurance Underwriters, Inc.,St. Paul Fire and Marine Insurance Company,St.Paul Guardian Insurance Company,St.Paul Mercury Insurance Company,Travelers Casualty and Surety Company,Travelers Casualty and Surety Company of America, and United States Fidelity and Guaranty Company, which resolutions are now in full force and effect, reading as follows: RESOLVED,that the Chairman,the President,any Vice Chairman,any Executive Vice President,any Senior Vice President,any Vice President, any Second Vice President, the Treasurer, any Assistant Treasurer, the Corporate Secretary or any Assistant Secretary may appoint Attorneys-in-Fact and Agents to act for and on behalf of the Company and may give such appointee such authority as his or her certificate of authority may prescribe to sign with the Company's name and seal with the Company's seal bonds, recognizances,contracts of indemnity,and other writings obligatory in the nature of a bond, recognizance,or conditional undertaking,and any of said officers or the Board of Directors at any time may remove any such appointee and revoke the power given him or her;and it is FURTHER RESOLVED, that the Chairman, the President, any Vice Chairman,any Executive Vice President,any Senior Vice President or any Vice President may delegate all or any part of the foregoing authority to one or more officers or employees of this Company, provided that each such delegation is in writing and a copy thereof is filed in the office of the Secretary;and it is FURTHER RESOLVED, that any bond, recognizance, contract of indemnity, or writing obligatory in the nature of a bond, recognizance, or conditional undertaking shall be valid and binding upon the Company when(a)signed by the President,any Vice Chairman,any Executive Vice President, any Senior Vice President or any Vice President, any Second Vice President, the Treasurer, any Assistant Treasurer, the Corporate Secretary or any Assistant Secretary and duly attested and seated with the Company's seal by a Secretary or Assistant Secretary; or(b) duly executed (under seal, if required) by one or more Attorneys-in-Fact and Agents pursuant to the power prescribed in his or her certificate or their certificates of authority or by one or more Company officers pursuant to a written delegation of authority;and it is FURTHER RESOLVED,that the signature of each of the following officers: President,any Executive Vice President,any Senior Vice President, any Vice President, any Assistant Vice President, any Secretary, any Assistant Secretary, and the seal of the Company may be affixed by facsimile to any Power of Attorney or to any certificate relating thereto appointing Resident Vice Presidents, Resident Assistant Secretaries or Attorneys-in-Fact for purposes only of executing and attesting bonds and undertakings and other writings obligatory in the nature thereof,and any such Power of Attorney or certificate bearing such facsimile signature or facsimile seal shall be valid and binding upon the Company and any such power so executed and certified by such facsimile signature and facsimile seal shall be valid and binding on the Company in the future with respect to any bond or understanding to which it is attached. I, Kevin E. Hughes,the undersigned,Assistant Secretary, of Farmington Casualty Company, Fidelity and Guaranty Insurance Company, Fidelity and Guaranty Insurance Underwriters,Inc.,St. Paul Fire and Marine Insurance Company,St.Paul Guardian Insurance Company,St.Paul Mercury Insurance Company, Travelers Casualty and Surety Company, Travelers Casualty and Surety Company of America, and United States Fidelity and Guaranty Company, 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 in full force and effect and has not been revoked. IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the seals of said Companies this 29th day of October 2013 Kevin E.Hughes,Assistant Secretary 4r a7'ru•�1 c� � * � eru.� ! f'' sa is J a' S� 4� 4� Nth 3.7. � • � �AIiV� To verify the authenticity of this Power of Attorney, call 1-800-421-3880 or contact us at www travelersbond com.Please refer to the Attoraey4n-Fact number,the above-named individuals and the details of the bond to which the power is attached.