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Document A310 TM — 2010 <br />Conforms with The American Institute of Architects AIA Document 310 <br />Bid Bond <br />CONTRACTOR: <br />(b'aim, legal slant and adds=;) <br />Golf Acquisition Group, LLC <br />141 E. 141 st Street <br />Hammond, IN 46327 <br />OWNER: <br />(Xante, legal slates and address) <br />City of South Bend - Public Works <br />731 South Lafayette <br />South Bend, IN 46601 <br />SURETY: <br />(Nance, legal.sl(ztzi.r and principal place ofbrrvinev.\) <br />Harco National Insurance Company <br />4200 Six Forks Road, Suite 1400 <br />Raleigh, NC 27609 <br />Mailing Address for Notices <br />Same <br />BOND AMOUNT: $ 5% Five Percent of Amount Bid <br />PROJECT: <br />(Xame, location or address and Project number if ait ) <br />Liberty Tower TIF Project - Parking Garage <br />This document has important <br />legal consequences. Consultation <br />with an attorney is encouraged <br />with respect to its completion or <br />modification. <br />Any singular reference to <br />Contractor, Surety, Owner or <br />other party shall be considered <br />plural where applicable. <br />The Contractor and Surety are bound to the O\viier in the amount set forth above. for the payment of which the Contractor and Surety bind <br />themselves, their heirs, executors, administrators, successors and assigns. jointly and severally, as provided herein. The conditions of this <br />Bond arc such that if the Owner accepts the bid of the Contractor within the time specified in the bid documents, or within such time period <br />as may be agreed to by the Owner and Contractor, and the Contractor either (1) enters into a contract with the Owner in accordance with <br />the terms of such bid, and eives such bond or bonds as may be specified in the bidding or Contract Documents, with a surety admitted in <br />the jurisdiction of the Project and otherwise acceptable to the Owner, for the faithful performance of such Contract and for the prompt <br />payment of labor and material furnished in the prosecution thereof. or (2) pays to the Owner the ditlerence, not to exceed the amount of <br />this Bond, between the amount specified in said bid and such larger amount for xvltich the Owner may in good faith contract with another <br />party to perlimn the work- covered by said bid, then this obligation shall be null and void, otherwise to remain in Bill lbrce and ellect. The <br />Surety hereby waives any notice ofan agreement between the Owner and Contractor to extend the time tit which the Owner may accept the <br />bid. Waiver of notice by (lie Surety shall not apply to any extension exceeding sixty (60) days in the aggregate beyond the tinie for <br />acceptance of bids specified in the bid documents. and the Owner and Contractor shall obtain the Surety s consent lbr an extension beyond <br />sixty (60) days. <br />If this Bond is issued in connection with a subcontractor's bid to a Contractor, the term Contractor in this Bond shall be deemed to be <br />Subcontractor and the term Owner shalt be deemed to be Contractor. <br />When this Bond has been furnished to comply witli a slatutory or other legal requirement in the location of* [lie Project, any provision in <br />this Bond conflicting %,ilh said statutory or legal requirement shall be deemed deleted herefrom and provisions conlimiiing to such <br />statutory or other legal requirement shall be deemed incorporated herein. When so furnished, [lie intent is that this Bond shall be construed <br />as a statutory bond and not as a common law bond. <br />Signed and sealed this 26th day of September, 2023 <br />(lf'irttess) <br />(Ii7nress) Cassie Stone <br />Golf Acquisition Group, LLC <br />(Principal) <br />(seal) <br />By: <br />Harco National Insurance Company <br />O <br />(surely) <br />(Seal) <br />`0, gA .0 = <br />z SEAL o: <br />B y: <br />: O t 1984 : a~ <br />.:�trrto\5a'c <br />(rule) Jo i <br />Sellers Attorney -in -Fact <br />"'•.?' * • �;., <br />S-0054/AS 8110 <br />