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MERCHANTS
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<br />BONDING COMPANY.�
<br />MEKCHANTS BONDING COMPANY (MUTUAL) P.O. BOX 14498, DES MOINES, IOWA 50306-3498
<br />PHONE: (800) 678-8171 FAX: (515) 243-3854
<br />KNOW ALL PERSONS BY THESE PRESENTS: Bond No. INC60024
<br />That Selge Construction Company, Inc.
<br />2833 S. I I th Street, of Niles, MI 49120
<br />as Principal, and the Merchants Bonding Conn an (Mutual) as Surety are
<br />held and firmly bound unto the City of South Bend Board of Public Works,
<br />227 West Jefferson Boulevard, South Bend, IN 46601 in the penal sum of
<br />Two Hundred Eighty -Six Thousand, Two Hundred Nineteen and 31/100 ($286,219.31 _)
<br />DOLLARS, lawful money of the United States of America, for the payment of whiichi, well and truly to be
<br />made, the Principal and Surety bind themselves, their and each of their heirs, executors, administrators,
<br />successors and assigns, jointly and severally, firmly by these presents.
<br />Signed and delivered this 27th day of April 2018
<br />WHEREAS, the Principal entered into a certain contract, dated the 9th day of May
<br />2017 with the City of South Bend Board of Public Works
<br />I
<br />to furnish all the material and labor necessary for the construction of
<br />Western Avenue Corridor Improvements from Bendex Drive to Olive Street #115-097
<br />in conformity with, certain specifications; and
<br />WHEREAS, a further condition of said contract its that the Principal should furnish a bond of indemnity,
<br />guaranteeing to remedy any defects in workmanship or materials that may develop in said work within a
<br />period of Three years from the date of acceptance of the work under said contract; and
<br />WHEREAS, the above work has been completed and accepted and if not accepted will be automatically
<br />accepted upon the filing of this maintenance bond; and
<br />WHEREAS, the Merchants Bonding Company (Mutual) for valuable
<br />consideration, has agreed to join with said Principal in such bond or guarantee, indemnifying said
<br />City of South
<br />th Bend Board of Public Works as aforesaid;
<br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the said Principal does
<br />and shall, at the Principal's own cost and expense, remedy any and all defects that may develop in said
<br />work, within the period of Three years from the date of acceptance of the work under said contract, by
<br />reason, of bad workmanship or poor material used in the construction of said work, and shall keep all
<br />work in continuous good repair during said period, and shall in, all other respects, comply with all the
<br />terms and conditions of said contract with respect to maintenance and repair of said work, then this
<br />obligation to be null and void; otherwise to be and remain in full', force and virtue in law.
<br />It is agreed that while the Principal shall be and remain liable for failure to adhere to the specifications
<br />which form the basis for the work, the Surety, inasmuch as the original work was not bonded, shall be
<br />obligated only to assure the maintenance of the work in the condition in which it existed at the time the
<br />work was accepted. Any obligation beyond this shall be that of only the Principal.
<br />Approved
<br />Selge Construction Company, Inc.
<br />Principal
<br />B
<br />Robert Kuhns, Project Engineer
<br />By Merchants Bonding Company (Mutual)
<br />B - �,�wu'e,
<br />CON O304 (2/15) Elaine-K—Miller, Attorney -in -Fact
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