PCA - LaSalle Ave. Streetscape - Milestone Contractors - TABLED

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MAINTENANCE BOND Bond No. MNT30189973 KNOW ALL PERSONS BY THESE PRESENTS, That we Milestone Contractors North, Inc. 24358 State Road 23, South Bend, IN 46614 of , hereinafter referred to as the Principal, and Continental Casualty Company as Surety, are held and firmly bound unto City of South Bend of 227 West Jefferson Blvd., South Bend, IN 46601 , hereinafter referred to as the Obligee, in the sum of Six Hundred Two Thousand Five Hundred Fifteen Dollars and 53/100 Dollars ($ 602,515.53 ), for the payment of which we bind ourselves, our legal representatives, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the said Principal entered into a contract with the City of South Bend dated 2023 for Project No. 122-013R; LaSalle Avenue Streetscape WHEREAS, said contract provides that the Principal will furnish a bond conditioned to guarantee for the period of Three ( 3 ) year(s) after approval of the final estimate on said job, by the owner, against all defects in workmanship and materials which may become apparent during said period, and WHEREAS, the said contract has been completed, and was approved on Sept -ember 1 3 2024 NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that, if the Principal shall indemnify the Obligee for all loss that the Obligee may sustain by reason of any defective materials or workmanship which become apparent during the period of Three ( 3 ) year(s) from and after . T u T y 8 , 2 0 2 4 then this obligation shall be void, otherwise to remain in full force and effect. SIGNED, SEALED AND DATED this 25th day of September 2024 ®`®o�trac' or��sie per® �c.........,.s24®®� o s m °;' �pRPORgTF ',s Milestone Contractors -North, Inc/ v = / (Pr�crpal) `r f �n i" ram, '• ,' By Du,%irf P.Hilary, Director of Estimating Continental Casualtv Corn .. - FJ ��'__ Forth F4591