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AMERESCO4 Gv cmtIin - a:.le aoa DESANCTIS INSURANCEAGENCY, INC. Phone. 78I : t ) 9154480 100 llnic®rra l'axk l3rivc Fuu: (781) 933-5645 Woburn, M ssnchugetts 111801 August 16, 2019 Office of the Board of Public Works Suite 1316 227 W. Jefferson Blvd, South Bend, Indiana 46601 Rou AMER.ESCO, INC. Request for Qualifications Guaranteed Energy Savings Contract, South Fiend Fire Department Solar PV To Whom It May Concern: Our agency has provided surety credit for Ameresco, Inc, for over 10 years. Their performance has always been exemplary and we have the highest regard for the entire Ameresco organization. Current surety arrangements anticipate individual prgiects approaching $200.000,000 within a corresponding aggregate backlog approaching $1,000,000,000. Bonds are currently provided by Western Surety Company and Liberty Mutual Insurance Company acting as co -sureties. Both companies carry an AM Best Rating of A with a financial size category of XIV & XV respectively. Each company appears on the current U S Treasury Department Circular 570 and is licensed in the State of Indiana. Ameresco generally utilizes less than 60% of that available capacity and we would therefore anticipate no difficulty in furnishing 100% Performance and Payment bonds on their behalf should they he awarded multiple contracts on the referenced procurement. Coverage under the Performance and Payment bonds which we issue on Ameresco's behalf in support of contracts for the installation of Energy Conservation Measures does not extend to any energy savings guarantees or extended performance obligations beyond the standard one year defective workmanship and material warranty. Execution of any requested bond would be conditioned on and be subject to the completion of our normal underwriting review at the time of the request, including but not limited to, review and approval of bond forms, contract documents, confirmation of acceptable financing and payment provisions to Ameresco. We assume no liability to you or third parties if, for any reason, Western Surety and/or Liberty Mutual fail to issue any requested bond. Should you require any additional information please feel free to contact the undersigned. Very truly yours; Michael F`. Carney a Ity of South (Bend August 27, 2019 12 5. Financial Qualifications "Page content is subject to Confidentiality Restrictions"