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<br /> ~ PAYMENT BOND Bond #105104567 <br /> <br /> I <br /> CONTRACT #2009-00027 <br /> JOB #3923 <br /> KNOW ALL MEN BY THESE PRESENTS, that we Babb Construction Co ,dba Delta Construction Co ,dba Delta Concrete <br /> as principal, and Travelers Casualty & surety ompany of America , as surety, are jointly <br /> and severally held and bound unto the CITY OF EUGENE,.in Lane County in the sum of $ 916,940:18 <br /> ( Nine Hundred Sixteen Thousand Nine Hundred Forty Dollars and 18/100 ) forthepayment ofwhich <br /> we jointly and severally bind ourselves, our heirs, executors, administrators and assigns or successors and assigns, <br /> firmly by these presents. <br /> i <br /> THE CONDITION OF THIS BOND IS SUCH that, whereas the said principal herein has made and entered into a <br /> certain contract, a copy of which is attached hereto; with the CITY OF. EUGENE which contract, together with the <br /> applicable plans, Standard Specifications, Special Specifications, and schedule of contract prices, is by this reference <br /> made a part hereof, whereby the said. principal agrees to do in accordance, with the certain terms, conditions, <br /> requirements, plans and specifications which set out in said contract and all authorized modifications of the.contract <br /> which increase the amount of the work and the amount of contract. Notice to the sure of an of the immediate) <br /> tY Y <br /> Y <br /> foregoing are.waived. <br /> NOW; THEREFORE, if the principal herein shall make payment.promptly, as due to ali subcontractors and to all <br /> persons supplying to the Contractor or his subcontractors, equipment, supplies, labor or materials for the prosecution <br /> of the work, or any part thereof, provided for in said contract,. and shall pay all contribution of amounts due its <br /> workers compensation carrier and the State Unemployment Compensation Trust Fund from such Contractor or <br /> Subcontractors incurred in the performance of said contract, and pay all sums of money withheld from Contractor's <br /> employees and payable to the Revenue Department; and shall pay all other just debts, dues and demands incurred in <br /> the performance of the said contract and shall pay the CITY OF EUGENE such damages as may accrue to the City <br /> under said contract, then this obligation is to be void, otherwise to remain in full force.and effect. <br /> Nonpayment.of the bond premium will not invalidate this bond nor shall the CITY OF EUGENE be obligated for the <br /> payment thereof. , <br /> WITNESS our hands this 10th day of June 20 09 <br /> Babb Construction Co., dba Delta Construction Co., dba Delta Concrete <br /> Principal Principal <br /> By ~c~Yl~~ V }7. By Troy Hanson, Vice President <br /> Authonffieial Si ature Authorized Official Si ature <br /> ~ ~ <br /> By N/A By N/A <br /> Authorized Official Signature Authorized <br /> Official Si/gnature <br /> Surety Travelers Casualty & SuretyCompany of AmericaBy ~ - <br /> Attorney-in-Fact Rachel.A. Mullen <br /> By Wells Fargo Insurance Services <br /> Agent <br /> (A Power of Attorney for . <br /> the Attorney-in-Fact must <br /> be attached to this Bond) <br /> Surety's Seal must be Affixed <br /> <br />