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MAINTENANCE BOND <br />Bond No. 30003224 <br />KNOW ALL PERSONS BY THESE PRESENTS, That we Martell Electric LLC <br />of <br />4601 Cleveland Road, South Bend, IN 46628 hereinafter <br />referred to as the Principal, and Western Surety Company <br />as Surety, are held and firmly bound unto City of South Bend, Board of Public Works <br />of 227 W. Jefferson Blvd, South Bend, IN 46601 hereinafter <br />referred to as the Obligee, in the sum of Two Thousand Seven Hundred Thirty-one and 20/100 <br />Dollars ($ 2,731.20 ), for the payment of which we bind ourselves, our legal representatives, successors <br />and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the said Principal entered into a contract with the City of South Bend, Board of Public Works <br />dated <br />November 22 2016 for 116-035 2016 Traffic Calming Solar Speed Indicators <br />on Westmore Avenue and Indiana Avenue <br />WHEREAS, said contract provides that the Principal will furnish a bond conditioned to guarantee for the period of <br />Three ( 3 ) year(s) after approval of the final estimate on said job, by the owner, against all defects in <br />workmanship and materials which may become apparent during said period, and <br />WHEREAS, the said contract has been completed, and was approved on February 10 2017 <br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that, if the Principal shall indemnify the <br />Obligee for all loss that the Obligee may sustain by reason of any defective materials or workmanship which <br />become apparent during the period of Three ( 3 ) year(s) from and after February 10, 2017 <br />then this obligation shall be void, otherwise to remain in full force and effect. <br />SIGNED, SEALED AND DATED this 13th day of February 2016 <br />Martell Electric LLC <br />(Principal) <br />i' <br />By (Seal) <br />Western Surety Company <br />FO_ (Srnur'ety <br />Lk'kVBy (Seal) <br />Elaa C. Mille., Attorney -in -Fact <br />Form F4591 <br />