Dedicated Improvements Agreement - 2413 Prairie C-Store

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PERFORMANCE BOND Performance Bond Number: _999348067 Applicant: ManditR Soh Permit Type: ® Rigbt-of-Way ❑ Broadband Driveway ❑ Miscellaneous ❑ Other Permit Tracking Number: Scope of Project: Occupancy and use of City of South Bend's right-of-way to be more particularly described in the issued permit(s). ROW of Victoria Street, South Bend, IN. (for C-Store - 2413 Prairie Ave. at Olive St., South Bend, I Know all men by these presents that we, the Undersigned (Principal -Applicant) Mandeep Singh (Address) 6520 Lake Crest Cir, South Bend, -South Bend IN 46628 and (as Surety)The Ohio Casualty Insurance Company (Address) 175 Berkeley Street, Boston, Massachusetts 02116 T _ are hereby held and firmly bound unto the State of Indiana in the penal sum of $120,000.00 for the payment of which well and truly to be made, we hereby jointly and severally bind ourselves, our heirs, executors, administrators, successors and assigns. The conditions of the above obligation are such, that whereas, the above -named (Principal -Applicant) Mandeep Singh did on August 14 2024 make api2lication for the permit with the City of South Bend and use of the Victoria Street right -of --way to be more particularly described in the permit, and the permit issued is made a part of this bond, the same as though set forth herein. Now, if said Mandeep Singh (Principal -Applicant) shall well and and faithfully do and perform the thugs agree by t1,P ap�r� Singh (Principal -Applicant) to be done and performed according to the terms of said permit and to the satisfaction of the City of South Bend, and shall pay all lawful claims of the contractor, vendors and laborers for labor performed and materials furnished, or other services rendered in the carrying forward, performing and completing of said permit (on file with the City of South Bend), then this obligation shall be void, otherwise the same shall remain in full force and effect, it being expressly understood and agreed that the liability of the Surety for any and all claims hereunder except as provided below shall in no event exceed the penal sum of this obligation as herein stated. In the event of noncompliance, the Surety shall be liable for the court costs and attorney fees spent in the collection of this bond over and above the penal sum of this obligation. This bond shall become effective on August 14, 2024 _and shall continue in hill force and effect until released by the State of Indiana - February 2019 1 of 21 P :t LN5-17132e 04121