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THE AMERICAN INSTITUTE OF ARCHITECTS <br />AIA Document .4310 <br />Bid Bond <br />~NGQ1/Y ALL MEN BY THESE PRESENTS, that we <br />IP O nc Mare Insert tell name and ►ddreH at least Glia of Contractor) <br />90465 Woodruff Eugene OR 97402 <br />as Principal, hereinafter called the Principal, and <br />Developers Surety and Indemnity Company (Hera Inters NO name and addrest or lepl rH1e of Umiy) <br />Five Centerpointe Suite 530, Lake Oswego OR 97035 <br />a corporation duty Organized under the laws of the State of Iowa <br />ityuo ug reinafter tolled the Surety, are held and firmly bound unto <br />ene <br />99 East Broadway #400, Eugene OR 97401 <br />as Obligee, hereinafter called the obligee, In the.sum of ten percent of the bid amount--------- <br /> <br />Dollars !S 10% <br />for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind <br />ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by <br />these presents. <br />WHEREAS, the Principal has submitttd a bid fbr <br />Wen Inun full name, sddreu and dettrSptlm of Project) <br />2010 Stormwater Rehabilitation on 15th Avenue from Agate Street to Moss Street and <br />at Intersection of 17th Avenue - Villard Street / Job No 4671 <br />NOW, THEREFORE, If the Obligee [hall accept the bid of the Principal and the Principal shall enter Into a Contract <br />with the Obligee in rccordance with the terms or such bid. a-id give such bond or bonds as may be speclfled in Me biddlne <br />of Contract Documents with good and sufficient wrety to} the faithful performance of such Contract end for the prompt <br />payment of labor and material famished In the prosecution thereof, or in the 9vent of the failure of the Principal to enter <br />such Contract and glut w<h bond or bonds, if the Principal:shall pay to the Otellgee the dlfierence not to exceed the penalty <br />hereof between the amount ipecified in said bid and such IDrgef smovnt for which the Obligee may in good faith contract <br />with another party to perform the work covered by said bid, then this obligation shall be null and wid, otherwise to mmaln <br />in full torte and effect. <br />Signed and sealed this 4 day of May, 2010 <br />KIPCO Inc <br />ByA~.Pirt~ / (Prfnc+ ar; (seal) <br />(Witneis) By: <br />fllrt.l <br />AIA DOCUWNT A)te • DID 10140 1 AIA 9 - ►(DKVAKY 1970 tD 1 THE AMERICAN <br />INSTITUTE Of AIICHITECTS, 17)4 H,Y. AVE., N.W., WASHINGTON, O.C. 20006 ~ <br />