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HomeMy WebLinkAboutFile Documents.101 S 7th St.0002.2017 (11).ARBUMAINTENANCE BOND City of Aspen, Pitkin County, Colorado KNOW ALL MEN BY THESE PRESENTS That we, the undersigned, Bond #B-6750378 (Legal Business Officer, etc.) Of Schlumberger Construction Company as Principal, hereinafter referred to as "Contractor" and (Company's Name) The cincianati xnsnrance company a corporation organized under the laws of the (Surety's Name) State of Ohio , and qualified to transact business in the State of Colorado, as "Surety", are held and firmly bound unto the City of Aspen, Colorado, as obligee, hereinafter referred to as "Owner", in the penal sum of (the greater of $2,000 or the total value of work to be performed Four Thousand Hight Hundred and No/100 Dollars ( $4,800.00 - ),lawful money of the United States of America, for the payment of which sum, well and truly to be made to the Owner, we bind ourselves, and our heirs, executors, administrators, successors, and assignees, jointly and severally, by these presents: SIGNED AND SEALED this 29th dayof December , 2016 WHEREAS, said Contractor has made or about to make application to said obligee for Right -Of -Way permit for disturbing public right of way, public easement, or public ground, for a term beginning on 12/29/2016 and ending on 12/29/2018 , forfumishing all equipment, labor, tools, and materials for completion of work in accordance with detailed plans and specifications satisfactoryto the Engineedng Department, Cky of Aspen, Pitkin County, Colorado. NOW THEREFORE, The conditions of the foregoing obligations are such that if said Contractor shall well and truly perforin all the covenants and conditions of the for the said work to be performed, and repair or replace all defects for a period of two years as provided herein, and protect and save harmless the City of Aspen, Colorado from all losses and damages to life or Property suffered or sustained by any person, firm or corporation, caused by said Contractor or its agents of its employees, in the performance of said work, or by, or in consequence of any negligence, carelessness, or misconduct in guarding and protecting same, or from any improper or defective equipment or materials used in the work, or other damages, then this obligation shall be void, otherwise it shall remain in full force and effect in law. Location: 101 S. 7th Stzteet, Aspen, Co This Bond is for ® Single project, [I Multiple Occurrence Work, El Blanket Coverage (check only one category) and guarantees that the material and equipment is furnished and used, and the workmanship employed in the performance of the work described in the right of way permit will be of such character and quality as to insure it to be free from all defects and in continuous good order and in a condition satisfactory to the Governing Body of the City of Aspen for a period of two years from the date of issuance of the final Inspection Log indicating 100% satisfactory completion of wok. This bond shall be non- cancelable fortwo full years from the date of issuance. The Cincinnati Insurance Company Insurance Company's Name By:C.-. 41 /, , , ey-in-Fact (Name re): Craig am Vy ENG-Policy-205-A ulty or Aspen - Engineering Department 970-920-5080 REVISED: 12131/08 THE CINCINNATI INSURANCE COMPANY Fairfield, Ohio POWER OF ATTORNEY 6750378 KNOW ALL MEN BY THESE PRESENTS: That THE CINCINNATI INSURANCE COMPANY, a corporation organized under the laws of the State of Ohio, and having its principal office in the City of Fairfield, Ohio, does hereby constitute and appoint Craig Smiley Of Glenwood Springs, cc its true and lawful Attomey(s)-in-Fact to sign, execute, seal and deliver on its behalf as Surety, and as its act and deed, any and all bonds, policies, undertakings, or other like instruments, as follows: Any such obligations in the United States, Twenty Million and No/100 Dollars ($20,000,000.00). This appointment is made under and by authority of the following resolution passed by the Board of Directors of said Company at a meeting held in the principal office of the Company, a quorum being present and voting, on the 6th day of December, 1958, which resolution is still in effect: RESOLVED, that the President or any Vice President be hereby authorized, and empowered to appoint Attorneys -in - Fact of the Company to execute any and all bonds, policies, undertakings, or other like instruments on behalf of the Corporation, and may authorize any officer or any such Attorney -in -Fact to affix the corporate seal; and may with or without cause modify or revoke any such appointment or authority. Any such writings so executed by such Attorneys -in - Fact shall be binding upon the Company as If they had been duly executed and acknowledged by the regularly elected officers of the Company. This Power of Attorney is signed and sealed by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of the Company at a meeting duly called and held on the 7th day of December, 1973. RESOLVED, that the signature of the President or a Vice President and the seal of the Company may be affixed by facsimile on any power of attorney granted, and the signature of the Secretary or Assistant Secretary and the seal of the Company may be affixed by facsimile to any certificate of any such power and any such power of certificate bearing such facsimile signature and seal shall be valid and binding on the Company. Any such power so executed and sealed and certified by certificate so executed and sealed shall, with respect to any bond or undertaking to which it is attached, continue to be valid and binding on the Company! IN WITNESS WHEREOF, THE CINCINNATI INSURANCE COMPANY has caused these presents to be sealed with its corporate seal, duly attested by its Vice President this Ist day of April, 2007. WPPoxAiE j ? SEAL ; �a10 STATE OF OHIO ) ss: COUNTY OF BUTLER ) THE CINCINNATI INSURANCE COMPANY Vice President On this 1st day of April, 2007'before me came the above-named Vice President of THE CINCINNATI INSURANCE COMPANY, to me personally known to be the officer described herein, and acknowledged that the seal affixed to the preceding instrument is the corporate seal of said Company and the corporate seal and the signature of the officer were duly affixed and subscribed to said instrument by the authority and direction of said corporation. .•'gip " vLI.. t SA,'��'� 4P 0 'v. -f Of -•o�` ARK J. H Ur L R, Attorney at Law OTARY PU I - STATE OF OHIO y commissi has no expiration date. Section 147.030.R.C. I, the undersigned Secretary or Assistant Secretary of THE CINCINNATI INSURANCE COMPANY, hereby certify that the above is a true and correct copy of the Original Power of Power of Attorney is still in full force and effect. Attorney issued by said Company, and do hereby further certify that the said GIVEN under my hand and seal of said Company at Fairfield, Ohio. this 28th day of December 2016 u COxPoMEE ` (/LJ Secretary eN10 BN -1005 (3/02)