Bid Opening - Chet Waggoner Court Proj No. 116-005 - Rieth-Riley

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No. 896 ff,"s ! KNOW ALL MEN BY THESE PRESENTS, TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA Hartford, Connecticut D6183 That we, Rieth-Riley Construction Co., Inc. , as Principal, hereinafter called the Principal, and TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, of Hartford, Connecticut, a corporation duly organized under the laws of the State of Connecticut, as Surety, hereinafter called the Surety, are held and firmly bound unto City of Southbend, Indiana as Obligee, hereinafter called the Obligee, in the sum of f; va narcanf (5 % ) of fni-a t hi r] Dollars for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has submitted a bid for Chet Waggoner Court Project No. 116-005 NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful performance of such, or in the event of the failure of the Principal to enter such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. Signed and sealed this 1 8th day of August 2016 Rieti Dawn E. Ar trong ( Joshua McCormick, Sales Manager T TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA Witness Diane M. O Leary ` n Sandra M. Nowak, Attorney -in -Fact