Change Order No. 7 - Western Ave Corridor Improvements Proj No. 114-085A - Rieth Riley Construction Co

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MAINTENANCE Travelers Casualty and Surety Company of America BOND Hartford, CT 06183 No.: 106556415 KNOWN ALL BY THESE PRESENTS: That we RIETH-RILEY CONSTRUCTION CO., INC. as Principal, and Travelers Casualty and Surety Company of America , a corporation organized and existing under the Laws of the State of Connecticut as Surety, are held and firmly bound unto CITY OF SOUTH BEND DEPARTMENT OF PUBLIC WORKS as Obligee, in the total sum of One Hundred Eighty Three Thousand Eight Hundred Eighteen and 00/100 U.S. Dollars ($ 183,818A0 ) for the payment whereof said Principal and Surety bind themselves, jointly and severally, as provided herein. WHEREAS, the Principal entered into a contract with the Obligee dated 6/23/2015 for Western Ave. Corridor Improvements & Streetscape 114-085A ("Work"). NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the Principal shall maintain and remedy said Work free from defects in materials and workmanship for a period of 3 year(s) commencing on 08/04/16 (the "Maintenance Period"), then this obligation shall be void; otherwise it shall remain in full force and effect. PROVIDED, HOWEVER, that any suit under this bond shall be commenced no later than one (1) year from the expiration date of the Maintenance Period; provided, however, that if this limitation 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, and said period of limitation shall be deemed to have accrued and shall commence to run on the expiration date of the Maintenance Period. SIGNED this end day of December 2016 RIETH-RILEY INC. Travelers%ally and SSurety pan o America CO - By: 1�J. 4 1 /t. 9ebra J. Dole , Attorney -in -Fact