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HomeMy WebLinkAboutresolution.council.064-95 (f. . ~.'..'. . P 1\\ ~ !.!._........ w. '\;j.. RESOLUTION NO. &, Lj (Series of 1995) A RESOLUTION APPROVING A CONTRACT BETWEEN THE CITY OF ASPEN, COLORADO, AND ELAM CONSTRUCTION FOR THE 1995 STREET OVERLAY PROGRAM, AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAID AGREE- MENT ON BEHALF OF THE CITY OF ASPEN WHEREAS, there has been submitted to the City Council a contract between the city of Aspen, Colorado, and Elam Construc- tion, a copy of which contract is annexed hereto and made a part hereof. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ASPEN, COLORADO: section 1 That the City Council of the City of Aspen hereby approves that contract between the city of Aspen, Colorado, and Elam Construction for the 1995 street overlay program, a copy of which is annexed hereto and incorporated herein, and does hereby autho- rize the city Manager to execute said lease on behalf of the city John ~ LJ:____~..~ . Bennett, Mayor I, Kathryn S. Koch, duly appointed and acting City Clerk do certify that the foregoing is a true and accurate copy of that 6~... ", \< '~ I.. \~,- - v 'if. -z.,. resolution adopted by the City Council of the City of Aspen, Colorado, at a meeting held ~4? 1/ , 1995. 2 ,.! 'I ''<>" ",. .. ,.. '. e - - -. AGREEMENT TH~S REEMENT made as of the !21:Jf/t day of . ' _, 19 , by and between the CITY OF ASPEN, Colorado, t CONSTR CTlON, INC. ('Contractor'') . ELAM WHEREAS, the Owner has caused to be prepared, in accordance with the law, specifications and other contract documents for the Work herein described, and has approved and adopted said documents, and has caused to be published, in the manner and for the time required by law, an advertisement, for the project titled: CITY OF ASPEN, 1995 STREET IMPROVEMENT PROJECT, SCHEDULE A. WHEREAS, Contractor, in response to such advertisement, or in response to direct invitation, has submitted to the Owner, in the manner and at the time specified, a sealed Bid in accordance with the terms of said Invitation for Bids; and, WHEREAS, the Owner, in the manner prescribed by law, has publicly opened, examined, and canvassed the Bids submitted in response to the published Invitation for Bids therefore, and as a result of such canvass has determined and declared the Contractor to be the lowest responsible and responsive bidder for the said Work and has duly awarded to the Contractor an Agreement therefore, for the sum or sums named in the Contractor's Bid; NOW, THEREFORE, in consideration of the payments and Agreement hereinafter mentioned: 1. The Contractor shall commence and complete the construction of the Work as fully described in the Contract Documents. 2. The Contractor shall furnish all of the material, supplies, tools, equipment, labor and other services necessary for the construction and completion of the Work described herein. . 3. The Contractor shall commence the work required by the Contract Documents within seven (7) calendar days after the date of the NOTICE TO PROCEED and will complete the same by the date and time indicated in the Supplemental Conditions unless the time is extended in accordance with appropriate provisions in the Contract Documents. Page 1 of 4 ,"'" .. ....- lIe'. ~\ ~ tA ~. ,.. . __ .11I 4. The Contractor agrees to perform all of the Work described in the Contract Documents and comply with the terms therein for a sum not to exceed ONE HUNDRED FIFTY-FOUR THOUSAND, SEVEN HUNDRED THIRTY-SEVEN DOLLARS AND FIFTY CENTS DOLLARS ($ 154,737.50 ) or as shown on the BID schedule. 5. The term "Contract Documents" means and includes the documents listed in the Supplemental Conditions. The Contract Documents are included herein by this reference and made a part hereof as if fully set forth here. 6. The Owner shall pay to the Contractor in the manner and at such time as set forth in the General Conditions such amounts as required by the Contract Documents. 7. This agreement shall be binding upon all parties hereto and their respective heirs, executors, administrators, successors, and assigns. Notwithstanding anything to the contrary contained herein or in the Contract Documents, this agreement shall be subject to the City of Aspen Procurement Code, Chapter 3 of the Municipal Code, including the approval requirements of Section 3-11. This agreement shall not be binding upon the Owner unless duly executed by City Manager or the Mayor of the City of Aspen (or a duly authorized official in his/her absence) following a Resolution of the Council of the City of Aspen authorizing the Mayor or City Manager (or a duly authorized official in his/her absence) to execute the same. 8. This Agreement and all of the covenants hereof shall inure to the benefit of and be binding upon the Owner and the Contractor respectively and their agents, representatives, employees, successors, assigns and legal representatives. Neither the Owner nor the Contractor shall have the right to assign, transfer or sublet his or her interest or obligations hereunder without the written consent of the other party. 9. This Agreement does not and shall not be deemed or construed to confer upon or grant to any third party or parties, except to parties to whom Contractor of Owner may assign this Agreement in accordance with the specific written consent, any rights to claim damages or to bring suit, action or other proceeding against either the Owner or Contractor because of any breach hereof or because of any of the terms, covenants, agreements or conditions herein contained. 10. No waiver of default by either party of any terms, covenants or conditions hereof to be performed, kept and observed by the other party shall be construed, or operate as, a waiver of any subsequent default of any of the Page 2 of 4 , ~" ,~ -..... '. ({-. ., ~e. ,: "Z. terms, covenants or conditions herein contained, to be performed, kept and observed by the other party. 11. The Parties agree that this Agreement was made in accordance with the laws of the State of Colorado and shall be so construed. Venue is agreed to be exclusively in the courts of Pitkin County, Colorado. 12. In the event that legal action is necessary to enforce any of the provisions of this Agreement, the prevailing party shall be entitled to its costs and reasonable attorney's fees. 13. This Agreement was negotiated and reviewed through the mutual efforts of the parties hereto and the parties agree that no construction shall be made or presumption shall arise for or against either party based on any alleged unequal status of the parties in the negotiation, review or drafting of this Agreement. 14. The undersigned representative of Contractor, as an inducement to the Owner to execute this Agreement, represents that s/he is an authorized representative of the Contractor for the purposes of executing this Agreement and that s/he has full and complete authority to enter into this agreement for the terms and conditions specified herein. IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first above written. ATTESTED BY: OWNER: CITY OF ASPEN, COLORADO By: Page 3 of 4 ,.)! , ~ Il.... .- II.. \\'"" APPROVED AS TO FORM: .~-////~ City ttorney @M//?C . ~ F, ance Director CONTRACTOR: ATTESTED BY: Elam Construction, Inc. ~ #.//l ~';;::r~' &/~/.l'/:;:' ~"" t. 7' b' t....-'1~ By: /" '}?'.':V?t/ ."! ?/' i;.v.Y-L.._~ Robert E. Lemke, Assistant Secretary " Harold F. Elam, President tA, '. CONTRACTOR'S AFFIDAVIT STATE OF COLORADO) COUNTY OF PITKIN) ) ss. The foregoing was acknowledged before me this , 19--.22., by Harold F. Elam President , Contractor. day of September , whose title is _ Elam Construction, Inc. 20 of Witness my hand and official seal. ")~ ,,-'b"- James M. McKenzie My Commission expires: 8/18/98 . Page 4 of 4 Ge'. 1',1. \~"'" CONSTRUCTION, INC. 1225 South 7th Street Grand Junction, Colorado 81501 (970) 242-5370. FAX: (970) 245-7716 City of Aspen, Colorado Attn: Jack Reid 1080 Power Plant Road Aspen, Colorado 81611 Ref: City of Aspen 1995 Street Improvement Project Jack, e Here are the Performance and Payment bonds for the Aspen City Street Improvement Project, along with copies of Elam's general liability and worker compensation insurance certificates. If you have any questions or need additional information, please call. zery Truly, ~.~ ,^--()~/L- Jim McKenzie, Controller tA \11' "~I Continental nsurance@ Bond No. BNS148 14 88 PERFORMANCE BOND Approved by The American Institute of Architects A.I.A. Document No. A-311 (Feb. 1970 Edition) KNOW All MEN BY THESE PRESENTS: That ELAM CONSTRUCTION, INC. (Here insert full name and address or legal title of the Contractor) 1225 South 7th Street, Grand Junction, Colorado 81501 ... FIREMEN'S INSURANCE CCMPANY OF NEWARK NEW JERSEY as PnnClpal, heremafter called Contractor, and ' as Surety, (Here insert full name and address or legal title of Surety) hereinafter called Surety, are held and firmly bound unto CITY OF ASPEN, COLORADO (Here insert full name and address or legal title of Owner) 130 South Galena Street, Aspen, Colorado 81611 a~IbJ~esRW{p~ cgg/~~~~:~~~~~':.~~_o_~n~.?L~~_~~~_~=~_~~Uo~la:~U~~ 7~~~~-~~~~~-:l, for the payment whereof Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, Contractor has by written agreement dated entered into a contract with Owner for Clty of Aspen, 1995 Street Improvement Project, Schedule A, Aspen, Colorado in accordance with drawings and specifications prepared by (Here insert full name and address or legal title of Architect) .' hich contract is by reference made a part hereof, and is hereinafter referred to as the Contract. ~\ \it . NOW, THEREFORE, THE CONDITION OFTHIS Q8L1GA liON is such that, if Contractor shall promptly and faithfully perform said contract, then this '\,- obligation shall be null and void; otherwise it shall remain in full force and effect. The Surety hereby waives notice of any alteration or extension of time made by the Owner. Whenever Contractor shall be, and declared by Owner to be in default under the Contract, the Owner having performed Owner's obligations thereunder, the Surety may promptly remedy the default, or shall promptly 1) Complete the Contract in accordance with its terms and conditions, or 2)Obtain a bid or bids for completing the Contract in accordance with its terms and conditions, and upon determination by Surety of the lowest responsible bidder, or, if the Owner elects, upon determination by the Owner and the Surety jointly of the lowest responsible bidder, arrange for a contract between such bidder and Owner, and make available as work progresses (even though there should be a default or a succession of defaults under the contract or contracts of completion arranged under this paragraph) sufficient funds to pay the cost of completion less the balance of the contract price; but not exceeding, including other costs and damages for which the Surety may be liable hereunder, the amount set forth in the first paragraph hereof. The term "balance of the contract price," as used in this paragraph, shall mean the total amount payable by Owner to Contractor under the Contract and any amendments thereto, less the amount properly paid by Owner to Contractor. Any suit under this bond must be instituted before the expiration of two (2) years from the date on which final payment under the contract falls due. No right of action shall accrue on this bond to or for the use of any person or corporation other than the Owner named herein or the heirs, executors, administrators or successors of the Owner. Signed and sealed this day of A.D. 19 :=~~ f:~' obert E. Lemke, Assistant Secretary Harold F. Elam (Tltle)President (Seal) ~ ARK, NEW JERSEY (Surety) /'1 ~ ~ ;ltt B"W- pi,,;; --., ~L..--'~ (~~!.~ste Moore 1 (Title) Attorney-in-Fact (Seal) FIREMEN'S INSURANCE CCMPANY OF BOND 4393C r Bond No. BNS148 14 88 , " LABOR AND MATERIAL PAYMENT BOND Approved by The American Institute of Architects A.I.A. Document No. A-311 (Feb. 1970 Edition) Note: This bond is issued simultaneously with another bond in favor of the owner conditioned for the full and faithful performance of the contract KNOW ALL MEN BY THESE PRESENTS: tA \_hat ELAM CONSTRUCTION, INC., 1225 South 7th Street, Grand Junction, (Here insert full name and address or legal title of the Contractor) Colorado 81501 as Principal, hereinafter called Principal, and FIREMEN'S INSURANCE CCMPANY OF NEWARK, NEW JERS~s Surety, (Here insert full name and address or legal title of Surety) hereinafter called Surety, are held and firmly bound unto erN OF' ASPRN. COT {)RADO r 110 South Galena (Here insert full name and address or legal title of Owner) Street, Aspen, Colorado 81611 as Obligee, hereinafter called Owner, for the use and benefit of claimants as hereinbelow defined, in the amount of em BJ:JN:REI) F!FI'{ KIJR TIilB\N) SEVEN BJ:JN:REI) TIITRIY SEVEN AN) 50/l00----:1)0Ilars ($154,737.50--------- ), (Here insert a sum equal to at least one~half of the contract price) forthe payment whereof Principal and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, Contractor has by written agreement dated entered into a contract with Owner for City of Aspen, 1995 Street Improvement pro"iect, Schedule A, Aspen, Colorado in accordance with drawings and specifications prepared by (Here insert full name, title and address or legal title of Architect) which contract is by reference made a part hereof, and is hereinafter referred to as the Contract. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION is such that, if the Principal shall promptly make payment to all claimants as hereinafter defined, for all labor and material used or reasonably required for use in the performance of the Contract, then this obligation shall be void; otherwise it shall remain in full force and effect, subject, however, to the following conditions: 1. A claimant is defined as one having a direct contract with the Principal or with a subcontractor of the Principal for labor, material, or both, used or .... asonably required for use in the performance of the contract, labor and material being construed to include that part of water, gas, power, light, heat, oil, 'w oline, telephone service or rental of equipment directly applicable to the Contract. . ~. 2. The above named Principal and Surety hereby jointly and severally agree with the Owner that every claimant as herein defined, who has not been 'lJ"" aid in full before the expiration of a period of ninety (90) days after the date on which the last of such claimant's work or labor was done or performed, or materials were furnished by such claimant, may sue on this bond for the use of such claimant, prosecute the suit to final judgment for such sum orsums as may be justly due claimant, and have execution thereon. The Owner shall not be liable for the payment of any costs or expenses of any such suit. 3. No suit or action shall be commenced hereunder by any claimant: a) Unless claimant, other than one having a direct contract with the Principal, shall have given written notice to any two of the following: The Principal, the Owner, or the Surety above named, within ninety (90) days after such claimant did or performed, the last of the work or labor, orfurnished the last of the materials for which said claim is made, stating with substantial accuracy the amount claimed and the name of the party to whom the materials were furnished, or for whom the work or labor was done or performed. Such notice shall be served by mailing the same by registered mail or certjfied mail, postage prepaid, in an envelope addressed to the Principal, Owner or Surety, at any place where an office is regularly maintained for the transaction of business, or served in any manner in which the legal process may be served in the state in which the aforesaid project is located, save that such service need not be made by a public officer. b) After the expiration of one (1) year following the date on which Principal ceased work on said Contract, it being understood, however, that if any limitation embodied in this bond is prohibited by any law controlling the construction hereof such limitation shall be deemed to be amended so as to be equal to the minimum period of limitation permitted by such law. c) Other than in a state court of competent jurisdiction in and for the county or other political subdivision of the state in which the project, or any part thereof, is situated, or in the United States District Court for the district in which the project, or any part thereof, is situated, and not elsewhere. 4. The amount of this bond shall be reduced by and to the extent of any payment or payments made in good faith hereunder, inclusive of the payment by Surety of mechanics' liens which may be filed of record against said improvement, whether or notdaim for the amount of such lien be presented under and against this bond. Signed and sealed this day of A.D. 19. B ELAM CONS ~Y: (Seal) Assistant Secretary Harold F. .' \ ;' la J. FIREMEN'S BY:,/' (Seal) ( BOND 419:JC ., c(:este Moore ..~""} ,"-........'c=._~<"'~' -~-- .- " :1 Firemen's Insurance Company of Newark, New Jersey GENERAL POWER OF ATTORNEY t~-" Know all men by these Presents, That the FIREMEN'S INSURANCE COMPANY OF NEWARK, NEW JERSEY '.s made, constituted and appointed, and by these presents does make, constitute and appoint Celeste Moore of Denver, Colorado its true and lawful attorney, for it and in its name, place, and stead to execute on behalf of the said Company, as surety, bonds, undertakings and contracts of suretyship to be given to All Obl igees provided that no bond or undertaking or contract of suretyship executed under this authority ,shall exceed in amount the sum of Five MilLion (5,000,000) Dollars This Power of Attorney is granted and is signed and sealed by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of the FIREMEN'S INSURANCE COMPANY OF NEWARK, NEW JERSEY at a meeting duly called and held on the 13th day of January, 1989: "RESOLVED. that the Chainnan of the Board. the Vice Chairman of the Board, the President, an Executive Vice President or a Senior Vice President Of a Vice PTestdent of the Company, be. and that each or any of them hereby is, authorized to execute Powers of Anomey qualifying the attomey named in the given Power of Anomey to execute in behalf of the FIREMEN'S INSURANCE COMPANY OF NEWARK, NEW JERSEY, bonds, undertakings and all conlracts of suretyship; and that ,m Assistant Vice President, a Secretary or an Assistant Secretary be. and thai each Of any of them hereby is, authorized to attest the execution of any such Power of Anomey, and to attach thereto the seal of the Company. FURTHER RESOLVED, that the signatures of such officers and the seal of the Company may be affixed to any such Power of Attorney or to any certificate rela.ling thereto by fao.imile, and anysuch Power of Anomeyorcertiftcate bearing such facsimile signatures or facsimile seal shall be valid and binding upon the Company when so affixed and in the future with respect to any bon(1. undertaking or centrad of surelyShip to which it is attached." In Witness Whereof, the FIREMEN'S INSURANCE COMPANY OF NEWARK, NEW JERSEY has caused its official seal to be hereunto affixed, and these presents to be signed by one of its Vice Presidents and attested by one of its Assistant Vice Presidents this 7 day of May 19 90 l. $.," t. It\ . . [)cX!~ FIREMEN'S INSURANCE COMPANY OF NEWARK, NEW JERSEY By D.l. Banta, As.sistant VICe Pre!.idenl (--:1. &.~ Emil B. As.kew, Vice Prestdent STATE OF CONNECTICUT COUNTY OF HARTFORD } .., On this 7 day of May ,19 before me personally came Emil B. Askew, to me known, who being by me duly sworn, did depose and say that he isa Vice President oft~ FIREMEN'S INSURANCE COMPANY OF NEWARK, NEW jERSEY,the corporation described in and which executed the above instrumenl; thai he knows the seal of the said corporalion; thai the seal affixed 10 the said instrumenl is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation and that he signed his name thereto by like order. ~\""_~..s~ 0, .'1:~ c,~- ~OTAR~ ,or, ." * i. '. PuBLIC ~~ I~~~L NOTAR.Y PUBLIC My Commission Expires March 31, 1993 CERTIFICATE I, the undersigned, an Assistant Vice President of the FIREMEN'Slt>ISURANCE COMPANY OF NEWARK, NEW JERSEY, aNew Jersey .ration, DO HEREBY CERTIFY that the foregoing and, attached poweriott\tt,,'o, rney remains in full force and has not been revoked; and It. ermore that the Resolution of the Board of Directors, set forth in the saidl'ower of Attorney, is now in force. 'I,.. Signed and sealed at the town of Farmington, the State ofConnecticu t. Dated the La of ,19 . "!,-,,,,, ~ r / j;~/ .......~ . ~ ~(. 4 J J. Oenn; une, Ass;,"n' Voce P,,,,;denl ......i;i"i"..:..~;.........' 21 BOND 431>1 Printed in U.S.A ( , .<! .~. "~I Continental nsurance. Bond No. BNS148 14 88 PERFORMANCE BOND Approved by The American Institute of Architects A.IA Document No. A-311 (Feb. 1970 Edition) KNOW ALL MEN BY THESE PRESENTS: That ELAM CONSTRUCTION, INC. (Here insert full name and address or legal title of the Contractor) 1225 South 7th Street, Grand Junction, Colorado 81501 ..' FIREMEN'S INSURANCE CCMPANY OF NEWARK NEW JERSEY as PrincIpal, hereinafter called Contractor, and ' as Surety, (Here insert full name and address or legal title of Surety) hereinafter called Surety, are held and firmly bound unto CITY OF ASPEN, COLORADO (Here insert full name and address or legal title of Owner) 130 South Galena Street, Aspen, Colorado 81611 as Obligee hereinafter called Owner in the amount of ONE HUNDRED FIFTY FOUR THOUSAND SEVEN HUNlJlllilJ THIRTY SEVEN AND 50/l00-'---C---------------------------------Uollars ($ 1 '14. Tn 'iO---------::j, for the payment whereof Contractor and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, Contractor has by written agreement dated entered into a contract with Owner for Cl ty of Aspen, 1995 Street Improvement Project, Schedule A, Aspen, Colorado in accordance with drawings and specifications prepared by (Here insert full name and address or legal title of Architect) 11_' hich contract is by reference made a part hereof, and is hereinafter referred to as the Contract. t$ '%l;,,< . ~OW, THEREFORE, TH~ CONDIT~O~ OFTHIS O.BL~GA IION is such that, if Contractor shall promptly and faithfully perform said contract, then this - oblIgation shall be null and VOId; otherwise It shall remam In full force and effect. The Surely hereby waives notice of any alteration or exlension of time made by the Owner. Whenever Contractor shall be, and declared by Owner to be in default under the Contract, the Owner having performed Owner's obligations thereunder, the Surety may promptly remedy the default, or shall promptly 1) Complete the Contract in accordance with its terms and conditions, or 2)Obtain a bid or bids for completing the Contract in accordance with its terms and conditions, and upon determination by Surety of the lowest responsible bidder, or, if the Owner elects, upon determination by the Owner and the Surety jointly of the lowest responsible bidder, arrange for a contract between such bidder and Owner, and make available as work progresses (even though there should be a default or a succession of defaults under the contract or contracts of completion arranged under this paragraph) sufficient funds to pay the cost of completion less the balance of the contract price; but not exceeding, including other costs and damages for which the Surety may be liable hereunder, the amount set forth in the first paragraph hereof. The term "balance of the contract price," as used in this paragraph, shall mean the total amount payable by Owner to Contractor under the Contract and any amendments thereto, less the amount properly paid by Owner to Contractor. Any suit under this bond must be instituted before the expiration of two (2) years from the date on which final payment under the contract falls due. No right of action shall accrue on this bond to or for the use of any person or corporation other than the Owner named herein or the heirs, executors, administrators or successors of the Owner. Signed and sealed this day of A.D. 19 ATffiT'w/y_~ t:~ ' Robert E. Lemke, Assistant Secretary Harold F. Elam {Tltlel President- (Seal) FIREMEN'S INSURANCE CCMPANY OF NEWARK, NEW JERSEY By:l~ .~ ~ jJl:~~-. eleste Moore (Title) Attorney-in-Fact 0",-".,_.".__ (Seal) BOND 4393C , .( Bond No. BNS148 14 88 LABOR AND MATERIAL PAYMENT BOND Approved by The American Institute of Architects A.I.A. Document No. A-311 (Feb. 1970 Edition) Note: This bond is issued simultaneously with another bond in favor of the owner conditioned for the full and faithful performance of the contract KNOW ALL MEN BY THESE PRESENTS: '.' \' ~ "c, hat ELAM CONSTRUCTION, INC_. 1225 South 7th Street. Grand Junction, (Here insert full name and address or legal title of the Contractor) Colorado 81501 as Principal, hereinafter called Principal, and FIREMEN'S INSURANCE CQ\IlPANY OF NEWARK , NEW JERSID'as Surety, (Here insert full name and address or legal title of Surety) hereinafter called Surety, are held and firmly bound unto rT'l'Y OF I\SPRN. COT .oRl\flO. ] 30 sOllth Galena (Here insert full name and address or legal title of Owner) Street, Aspen, Colorado 81611 as Obligee, hereinafter called Owner, for the use and benefit of claimants as hereinbelow defined, in the amount of em HUN:RED FIFTIc R1JR 1:H:JElN) SEVEN HUN:RED TIllRI'l SEVEN AN) 50/l00----:1Jollars ($154,737.50--------- ), (Here insert a sum equal to at least one-half of the contract price) for the payment whereof Principal and Surety bind themselves, their heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, Contractor has by written agreement dated enteredintoacontractwithOwnerfor City of Aspen, 1995 Street Improvement Proiect, Schedule A, Aspen, Colorado in accordance with drawings and specifications prepared by (Here insert full name, title and address or legal title of Architect) which contract is by reference made a part hereof, and is hereinafter referred to as the Contract. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION is such that, if the Principal shall promptly make payment to all claimants as hereinafter defined, for all labor and material used or reasonably required for use in the performance of the Contract, then this obligation shall be void; otherwise it shall remain in full force and effect, subject, however, to the following conditions: 1. A claimant is defined as one having a direct contract with the Principal or with a subcontractor of the Principal for labor, material, or both, used or . asonably required for use in the performance of the contract, labor and material being construed to include that part of water, gas, power, light, heat, oil, d; oline, telephone service or rental of equipment directly applicable 10 the Contract. %1; 2. The above named Principal and Surety hereby jointly and severally agree with the Owner that every claimant as herein defined, who has not been C'''' id in full before the expiration of a period of ninety (90) days after the date on which the last of such claimant's work or labor was done or performed, or materials were furnished by such claimant, may sue on this bond for the use of such claimant, prosecute the suit to final judgment for such sum or sums as may be justly due claimant, and have execution thereon. The Owner shall not be liable for the payment of any costs or expenses of any such suit. 3. No suit or action shall be commenced hereunder by any claimant: a) Unless claimant, other than one having a direct contract with the Principal, shall have given written notice to any two of the following: The Principal, the Owner, or the Surety above named, within ninety (90) days after such claimant did or performed, the last of the work or labor, odurnished the last of the materials forwhich said claim is made, stating with substantial accuracy the amount claimed and the name of the party to whom the materials were furnished, or for whom the work or labor was done or performed. Such notice shall be served by mailing the same by registered mail or certified mail, postage prepaid, in an envelope addressed to the Principal, Owner or Surety, at any place where an office is regularly maintained for the transaction of business, or served in any manner in which the iegal process may be served in the state in which the aforesaid project is located, save that such service need not be made by a public officer. b) After the expiration of one (1) year following the date on which Principal ceased work on said Contract, it being understood, however, that if any limitation embodied in this bond is prohibited by any law controlling the construction hereof such limitation shall be deemed to be amended so as to be equal to the minimum period of limitation permitted by such law. c) Other than in a state court of competent jurisdiction in and for the county or other political subdivision of the state in which the project, or any part thereof, is situated, or in the United States District Court for the district in which the project, or any part thereof, is situated, and not elsewhere. 4. The amount of this bond shall be reduced by and to the extent of any payment or payments made in good faith hereunder, inclusive of the payment by Surety of mechanics' liens which may be filed of record against said improvement, whether or not.claim forthe amount of such lien be presented under and against this bond. Signed and sealed this day of A.D. 19 ATrEST: ELAM CONS B~~~,."~' "'0" ,. ",. ~-SS: FIREMEN'S INSURANCE CQ\IlPANY OF NEWARK, NEW JERSEY .1'1J.t; /(Surety) 11 "',t&,<_~<" (Title) Attorney-in-Fact (Seal) (Seal) ~ lorado BY,;/' V l'leste/Moore ~'"."_...~."" BONQ4]<JJ( -- l ,- Firemen's Insurance Company of Newark, New Jersey 0, GENERAL POWER OF ATTORNEY ~- Know all men by these Presents, That the FIREMEN'S INSURANCE COMPANY OF NEWARK, NEW JERSEY \.s made, constituted and appointed, and by these presents does make, constitute and appoint Celeste Moore of Denver, Colorado its true and lawful attorney, for it and in its name, place, and stead to execute on behalf of the said Cornpany, as surety, bonds, undertakings and contracts of suretyship to be given to All Obligees provided that no bond or undertaking or contract of suretyship executed under this authority ,shall exceed in amount the sum of Five Mitlion (5,000,000) Dollars This Power of Attorney is granted and is signed and sealed by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of the FIREMEN'S INSURANCE COMPANY OF NEWARK, NEW JERSEY at a meeting duly called and held on the 13th day of january, 1989: "RESOLVED, that the Chainnan of Ihe Board, the Vice Chairman of the Board, the President, an Executi....e Vice President or a Senior Vice President or a Vice President of !he Company, be, and thai each or any oflhem hereby is, authorized to execute Powers of Attorney qUdlifying the attomey named in the given Power of Anomey fa execute in behalf of the FIREMEN'S INSURANCE COMPANY OF NEWARK, NEW IERSEY, bonds, undertakings and all contracts of suretyship; and thai an Assistant Vice President, a Secretary or an Assistant Secretary be, and that each or any of them hereby is, authorized to attest the execution of any such Power of Attorney, and to attach thereto the seal of the Company. FURTHER RESOLVED, lhatthe signatures of such offic~ and the seal of the Company may be affixed 10 any such Power of Attorney or to any certificate relating thereto by facsimile, and any such Power of Anomeyorcertificate bearing such facsimile signatures orfacsimile seal shall be ....alid and binding upon the Company when so affixed and in the future with re5pect to any bond, undertaking or contract of suretyship 10 which it is attached." In Wrtness Whereof, the FIREMEN'S INSURANCE COMPANY OF NEWARK, NEW JERSEY has caused its official seal to be hereunto affixed, and these presents to be signed by one of its Vice Presidents and attested by one of its Assistant Vice Presidents this 7 day of May 19 90 c~_ :@, est. \%:,\,' . FIREMEN'S INSURANCE COMPANY OF NEWARK. NEW JERSEY [);(~ By D.l. Banta, Assistant VICe President (--.:1. f::.. ~ Emil 8. Askew, Vice President STATE OF CONNECTICUT COUNTY OF HARTFORD } ""' On this 7 day of May ,199ft before me personally came Emil B. Askew, to me known, who being by me duly sworn, did depose and say that he isa Vice President of the FIREMEN'S INSURANCE COMPANY OF NEWARK, NEW JERSEY, the corporation described in and which executed the above instrument; that he knows the seal of the said corporation; that the seal affixed to the said instrument is such corporate seal; that it was so affixed by order of the Board of Directors of said corporation and that he signed his name thereto by like order. 9-\,.,l?~ o . .~"- O~''''OTARY ,"', .; * '. . PUBLIC &~ CERTIFICATE 1~!.1fL NOT^RY PUBLIC My Commission Expires March 31, 1993 I, the undersigned, an Assistant Vice President of the FIREMEN'S INS,IJRANCE COMPANY OF NEWARK, NEW JERSEY, a New jersey .orporation, DO HEREBY CERTIFY that the foregoing and attached Power of t,li,O rney remains in full force and has not been revoked; and ,I ermore that the Resolution of the Board of Directors, set forth in the said Power of Attorney, is now in force. ,y ~- """ Signed and sealed at the town of Farmington, the State of Connecticut. Dated the ~a of ,19 " ,.....",., ~ r /' $/ """'~ . ~ ~. ~ 1. I. Denn' lone, ",,'''ani Vice "'",idenl ,....i;/i...:.-;'i~~\~ .. 21 BOND 431\l Printed in U.S.A. ..,..................,.-........-,.-.',. fA.~..III.~ 11111611111111'111111111::' n';':'-':;:';"';"':':';"';'":,,,;,;,;,;_,,;,;,:,:,:",:,:,:,:,:,:,:,:,:,:,:,:,:",:,;",:",:,:,;,:".;.:"':':';':':':':':':':':':':':':':"':';':':';':':';':',..,:.;.....,...........,'..,.,'............,........,...........'.....'..,..'..,...,.........,.....,.....,............'.... PRODUCER HRH/Talbert 455 Sherman Street, .0. Box 9364 CO 80209 Suite 390 DATE{MM/DDfYY) 09/19/95 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. COMPANIES AFFORDING COVERAGE COMPANY AUnited States Fidelit & Guarant Co INSURED Elam Construction, Inc. 1225 South 7th Street Grand Junction, CO 81501 COMPANY B COMPANY C THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED, NOlWITHSTANDING A~ REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. CO LTR T'fPE OF INSURANCE POLICY NUMBER POLICY EFFECTIVE L1CY EXPIRATION CATE (MM/DDIYY) DATE (MM/DDIYY) 10/01/94 10/01/95 LIMITS A GENERAL LIABILITY X OMMERCIAL GENERAL L1ABILlT CLAIMS MADE [1ll OCCUR WNER'S & CONTRACTOR'S PRO 1MP30093661400 A AUTOMOBILE LIABILITY X ANY AUTO ALL OWNED AUTOS SCHEDULED AUTOS HIRED AUTOS NON.OWNED AUTOS 1MP30093661400 10/01/94 10/01/95 GENERAL AGGREGATE $2 PRODUCTS-COM PlOP AGG $2 PERSONAL & ADV INJURY $1 EACH OCCURRENCE $1 FIRE DAMAGE Anyone fire $ MED EXP(Anyone person) $ 000 000 000 000 50 5 000 000 000 000 000 000 COMBINED SINGLE LIMIT $1,000,000 BODILY INJURY (perperllon) $ BODILY INJURY (Per accident) $ PROPERTY DAMAGE $ GARAGE LIABILITY ANY AUTO AUTOONLY-EAACCIDENT $ OTHER THAN AUTO ONLY: EACH ACCIDENT $ AGGREGATE $ 10/01/94 10/01/95 EACH OCCURRENCE $5 000 000 AGGREGATE $5 000 000 $ A EXCSSSLlABILlTY 1MP30093661400 X UM BRELLA FOAM OTHER THAN UM BRELLA FORM WORKERS COMPENSATION AND EMPLOYERS' LIABILITY THE PROPRIETORI INCL PARTNERS/EXECUTIVE OFFICERS ARE: EXCL OTHER STATUTORY LIMITS EACH ACCIDENT $ DISEASE-POLICY LIMIT $ DISEASE-EACH EMPLOYEE $ DESCRIPTION OF OPERATIONS/LOCATIONSIVEHICLES/SPECIAL ITEMS RE: 1995 City of Aspen Paving Project, Aspen, Cert Holder is Add' I Insured as respects Gen'l CO Liab. *,-.". ~ 'Il City of Aspen 130 S. Galena Street Aspen, CO 81611 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BEFORE THE EXPIRATION DATE THEREOF, THE ISSUING COMPANYWILLENDEAVORTO MAIL ~ DAYS WRITTeN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT, BUT FAILURE TO MAIL SUCH NOTICE SHAL I~OSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON THCOMPANY TS AGeNTS OR.-REPRESENTATIVES. AUTHORIZED REPRES TA VE ,.".....................-,-.....".. .,,,,............................... ...... A.~.tmt. 1111111111111 111111111 ! PRODUCER HRH/Talbert 455 Sherman Street, .0. Box 9364 CO 80209 Suite 390 DATE (MM/DD/YY) 09/19/95 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. COMPANIES AFFORDING COVERAGE COMPANY AUnited States Fidelit & Guarant Co INSURED Elam Construction, Inc. 1225 South 7th Street Grand Junction, CO 81501 COMPANY B COMPANY C THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POlICY PERIOD INDICATED, NOlWlTHSTANDING IWY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POlICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. CO TIPE OF INSURANCE POLICY NUMBER POLICY EFFECTIVE L1ey EXPIRATION LIMITS LTR DATE (MMIDDIYY) DATE (MM/DDIYV) A GENERAL LIABILITY 1MP30093661400 10/01/94 10/01/95 GENERAL AGGREGATE $2 000 000 X OMMERCIAL GENERAL LtABILlT PRODUCTSwCOMP/OP AGG $2 000 000 CLAIMS MADE [X] OCCUR PERSONAL & ADV INJURY $1 000 000 WNER'S & CONTRACTOR'S PRO EACH OCCURRENCE $1 000 000 FIRE DAMAGE Anyone fire) $ 50 000 MEDEXP Anyone person) $ 5 000 A AUTOMOBILE LIABILITY 1MP30093661400 10/01/94 10/01/95 X COMBINED SINGLE LIMIT $1,000,000 ANY AUTO ALL OWNED AUTOS BOOIL Y INJURY (per person) $ SCHEDULED AUTOS HIRED AUTOS BODILY INJURY (peraccldenl) $ NON-OWNED AUTOS PROPERTY DAMAGE $ GARAGE LIABILITY AUTOONLY.EAACCIDENT $ ANY AUTO OTHER THAN AUTO ONLY: EACH ACCIDENT $ AGGREGATE $ A EXCESS LIABILITY 1MP30093661400 10/01/94 10/01/95 EACH OCCURRENCE $5 000 000 X UM BRELLA FORM AGGREGATE $5 000 000 OTHER THAN UMBRELLA FORM $ WORKERS COMPENSATION AND STATUTORY LIMITS EMPLOYERS' LIABILITY EACH ACCIDENT $ THE PROPRIETOR/ INCL DISEASE-POLICY LIMIT $ PARTNERS/EXECUTIVE OFFICERS ARE: EXCL DISEASE-EACH EMPLOYEE $ OTHER DESCRIPTION OF OPEAATIONS/lOCATIONSfVEHICLES/SPECIAL ITEMS RE: 1995 City of Aspen Paving Project, Aspen, CO Cert Holder is Add'l Insured as respects Gen'l Liab. G$R'IiFi(iAU:il61$~ij:.I.",..(iAliidellliAIiQN:) SHOULD ANY OF THE ABOVE DESCRIBED pOLICIES BE CANCELLED BEFORE THE .. ~'. City of Aspen 130 S. Galena Street Aspen, CO 81611 EXPIRATION DATE THEREOF, THE ISSUING COMPANYWILLENDEAVOR TO MAil ~ DAYS WRITTEN NOTICE TOTHE CERTIFICATE HOLDER NAMED TO THE LEFT. BUT FAILURE TO MAIL SUCH NOTICE SHA Mf\.OSE NO OBLIGATION OR LIABILITY OF ANY KIND UPON T COMPANY ITS AGeNTS oa--'REPRESENTATlVES. AUTHORIZED REPRE NTA IVE !// ,-;._,1__ ,,(....; '?-i.~t~7M;:....:L-^,,~-.,~,c,,", .II,....,..ID]ljliiACQflpCQi!ppijAriQNji!ii~ Certificate of Insurance nus CERTlFICATE [S lSSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGI-ITS UPON YOU THE CERTTHCATE HOLDER. TH[5 CERTIFlCATE]S NOT AN INSURANCE POLICY AND DOES NOT AMEND, EXTEND, OR ALTER THE COVERAGE AFFORDED BY THE POLICIES LISTED BELOW ~~ Name and address of Insured. tI LIBERTI .:- MUTUAL, . This is to Certify that _I , ELAM CONSTRUCTION INC & "'l!" BLUEfOP ENTERPRISES INC 1225 SOUTH 7TH STREEf I GRAND JUNCTION CO 81501 ~ Is, at the issue date, of this certificate, insured by the Company under the policy(ies) listed below. The insurance afforded by the listed policy(ies) is subject to all their terms, exclusions and conditions and is not altered by any requirement, term or condition of any contract or other document with respect to which this certificate may be issued I I" 0 EXP. DATE I CONTINUOUS TYPE OF POLICY I CJ EXTENDED POLICY NUM8ER lIMIT OF. LiABILITY 0 POLICY TERM WORKERS COVERAGE AFFORDED UNDER we EMPLOYERS LIABILITY LAW OF THE FOLLOWING STATES: COMPENSATION Bodily lniurv BvAccident 7/01/96 WC7-191-418482-015 500,000 Each COLORADO Accident Bodily Injury By Disease 500,000 Policy limit Bodily Injury By Disease 500,000 Each Person I GENERAL Generai Aggregate - Other Ihan Products/Compieted Operations I LIABiliTY 0 OCCURRENCE Products/Compieted Operations Aggregate 0 CLAIMS MADE Bodilv Injurv and ProperlY Damaae liability Per Occurrence PerscnaJand Advertising Injury Per Person! - RETRO DATE Organization '~ Olher Other AUTOMOBILE Each Accident - Single limit LIABILITY B.I. and P.D. Combined 0 OWNED Each Person 0 NON.OWNED Each Accident or Occurrence 0 HIRED Each Accident or Occurrence OTHER ADDITIONAL COMMENTS RE: CITY OF ASPEN, 1995 STREET IMPROVEMENT PROJECT IIll SEP 1. 5 1995 ltJJ SCHEDULE A e:l. '-0 EI;~f" ,;~~-',~--:~..~'-~.==---'-h,-' - ,L.r'~I\n V\.n'l~~~ ! ~ H\P."",~ .. If the certificate expiration date is continuous or extended term, you will be notified if coverage Is terminated or reduced before the certificate expiration date. SPECIAL NOTICE-OHIO: ANY PERSON WHO. WITH INTENT TO DEFRAUD OR KNOWING THAT HE IS FACILITATING A FRAUD AGAINST AN INSURER, SUBMITS AN APPLICATION OR FILES A CLAIM CONTAINING A FALSE OR DECEPTIVE STATEMENT IS GUILTY OF INSURANCE FRAUD. NOTICE OF CANCELLATION: (NOT APPLICABLE UNLESS A NUMBER OF DAYS IS ENTERED BELOW.) BEFORE THE STATED EXPIRATION DATE THE COMPANY WILL NOT CANCEL OR REDUCE THE INSURANCE AFFORDED ~ --.., aHE ABOVE POLICIES UNTIL AT LEAST 3.l DAYS 1 ~.FSUfIi.CANCELLATIONHASBEENMAILEDTO: "I .-<--<-~ ~.~ CER~fICATE CITY OF ASPEN THERESA SACCA HOLDER 130 S GALENA STREET AUTHORIZED REPflESENTATIVE ASPEN CO 81611 L Liberty Mutual Group ENGLEWOOD -.J OFFICE (303) 799-0818 PHONE NUMBER 9/11/95 This certificate lS executed by LIBERTY MUTUAL GROUP as respects such insurance as is afforded by Those Companies DATE ISSUED BS 772L R2 -~ Certificate of Insurance TH[S CERTIFICAU: [S ISSUED AS A MATTER OF INFORlvlATION ONLY AND CONFERS NO RIGHTS UPON YOU THE CERTIFICATE HOLDER. THIS CERTIFICATE 15 NOT AN INSURANCE POLICY AND DOES NOT AMEND, EXTEND, ORALTER T1-1E COVERAGE AFFORDED BY THE POLICIES LISTED BEIDW. ~- Name and address 01 Insured. LIBER1Y~ MUTUAL~ This is to Certify that tAl ELAM CONSTRUCTION INC & '. BLUETOP ENTERPRISES INC 1225 SOUTH 7TH STREET I GRAND JUNCTION CO 81501 -.J Is, at the issue date of this certificate, insured by the Company under the policy(ies) listed below. The insurance afforded by the listed policy(ies) is subject to all their terms, exclusions and conditions and is not altered by any requirement, term or condition of any contract or other document with respect to which this certificate may be issued 'I - EXP. DATE .0 CONTINUOUS TYPE OF POLICY 0 EXTENDED POLICY NUMBER liMIT OF liABILITY 181 POLICY TERM WORKERS COVERAGE AFFORDEO UNDER WC EMPLOYERS LIABILITY LAW OF THE FOLLOWING STATES: COMPENSATION Bodily Injury By Accident 7/01/96 WC7-191-418482-015 500,000 Each COLORADO Accident Bodily Injury By Disease 500,000 Polley Limit Bodily injury By Disease 500,000 Each Person GENERAL General Aggregate - Other than Products/Completed Operations I LIABILITY I D OCCURRENCE Produc1slCompleted Operations Aggregate D CLAIMS MADE Bodily Injury and ProperlY DamaQe Liability Per Occurrence Parsonal~and-Advertising Injury Per Person! l RETRO DATE . Organization '\", Other Other AUTOMOBILE Each Accident ~ Single limit LIABILITY B.i. and P.D. Combined D OWNED Each Person D NON.OWNED Each Accident or Occurrence D HIRED Each Accident or Occurrence OTHER ADDITIONAL COMMENTS REo CITY OF ASPEN, 1995 STREET IMPROVEMENT PROJECT SCHEDULE A * If the certificate expiration date Is continuous or extended term, you will be notified if coverage Is terminated or reduced before the certificate expiration date. SPECIAL NOTICE-OHIO: ANY PERSON WHO, WITH INTENT TO DEFRAUD OR KNOWING THAT HE IS FACILITATING A FRAUD AGA[NST AN INSURER, SUBMITS AN APPLICATION OR FILES A CLAIM CONTAIN[NG A FALSE OR DECEPTIVE STATEMENT IS GUILTY OF INSURANCE FRAUD. Liberty :Mutual Group NOTICE OF CANCELLATION: (NOT APPLICABLE UNLESS A NUMBER OF DAYS [5 ENTERED BELOW.) BEFORE THE STATED EXPIRATION DATE THE COMPANY WILL NOT CANCEL OR REDUCE THE INSURANCE AFFORDED u,.,.,., THE ABOVE POLICIES UNTIL AT LEAST 3) DAYS ( F SUiNCElLATION HAS BEEN MAILED TO: I .~'" CITY OF ASPEN 130 S GALENA STREET ASPEN CO 81611 L CEf\11ACAJE HOLDER Q...! ~'-~ ' , ,,--' , ,"..,~,.._,,"'H '-- . .- THERESA MlSACCA AUTHORIZED REPRksENTATIVE -.J ENGLEWOOD (303) 799-0818 9/11/95 OFFICE PHONE NUMBER nA TF 1,c,,c,1 i~n BS 772L R2 This certificate is executed by LIBERTY MUTUAL GROUP as respects such insurance as is afforded by Those Companies -"".. :;1'. en ~\t SEP 091995 1UJ ELAM CONol. INC, NOTICE OF AWARD CONTRACT FOR CONSTRUCTION CITY OF ASPEN 1995 STREET IMPROVEMENT PROJECT SEPTEMBER 6, 1995 Mr. Charles Ellsworth Elam Construction, Inc. i. ~~;~dSj:~~t7;~, CO. 81501 Dear Charlie: This is to inform you that following the opening of Bids on August 31, 1995 for the above referenced project, all bids received were evaluated in accordance with the criteria set forth in the Invitation to Bid and determination was made that your bid was the lowest responsible and responsive bid. Accordingly, the City of Aspen hereby accepts your bid to perform the work outlined in the bid documents for an amount not to exceed One Hundred Fifty-four Thousand, Seven Hundred Thirty-seven Dollars and Fifty Cents ($154,737.50), subject to approval by the City Council of the City of Aspen. This contract will be presented to the City Council for their approval on September 25, 1995. Your attendance at this meeting is not necessary although you are certainly welcome to attend. In accordance with the provisions set forth in the Contract Documents, you must comply with the following conditions precedent within seven (7) days of the date this Notice of Award, that is by 5:00 PM, September 18, 1995. Ife' I Wi " '<'; 1. You must deliver to the City of Aspen three (3) fully executed counterparts of the Agreement. @ recycled paper 1lA..,'.. \0" (- "~a \'. You must comply with the following conditions precedent within twelve (12) days (Jf the date of this Notice of Award, that is by 12:00 noon, September 25, 1995. 1. You must deliver the Contract Security. 2. You must deliver proof of insurance coverage, with the City of Aspen named as co-insured, as specified in the Bid Package and proof of Workmen's Compensation coverage. Failure to comply with these conditions within the time specified will entitle the City of Aspen to consider your bid abandoned, to annual this Notice of Award, and to declare your Bid Security forfeited. Within ten (10) days after you comply with these conditions or following City Council approval, whichever occurs last, the City of Aspen will return to you one fully signed counterpart of the Contract, together with a Notice to Proceed. Thank you for your bid and congratulations on being the successful bidder for this project. Sincerely, CITY OF ASPEN By: Page 2 of 2