PCA - Small Drainage Improvements - Beale St. & Chapin St. Proj. No. 121-006B - HRP Construction Inc.

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MAINTENANCE BOND KNOW ALL MEN BY THESE PRESENTS: Bond No. MNT9426422 That HRP Construction Inc., PO Box 266, 5777 Cleveland Rd, South Bend, IN 46624-0266 as Principal, hereinafter call Contractor, and Fidelity and Deposit Company of Maryland Chicago, IL 60606 , as Surety, hereinafter call Surety, are held and firmly bound unto City of South Bend Board of Public Works —, as Obligee, hereinafter called Owner, in the penal sum of $ 17,776.50 , for the payment whereof Contractor and Surety bind themselves, their heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these presents. WHEREAS, Contractor has by written agreement, dated May 23, 2023 1 entered into a contract with Owner for Small Drainage Improvements - Beale Street & Chapin, Street Project No. 121-006B I in accordance with the General Conditions, the Drawings and Specifications, which contract is by reference incorporated herein, and made a part hereof, and is referred to as the Contract. NOW, THEREFORE, the condition of this obligation is such that, if Contractor shall remedy any defects due to faulty materials or workmanship, and pay for any damage to other work resulting therefrom, which shall appear within a period of three (3) _year(s) from the date of substantial completion of the work provided for in the Contract, then this obligation to be void', otherwise to remain in full force and effect. Bond shall be effective from November 28, 2023 to November 28, 2026. PROVIDED, HOWEVER, that Owner shall give Contractor and Surety notice of observed defects with reasonable promptness. SIGNED and sealed this 20th day of November —1 2023 HR C s Prin—cip-aT— B Matthew D. Cain, President Seal) Fidelity and Deposit Company of Maryland O'h 0'� BY i Je r L. Kas�le, Attorney -in -Fact SEAL