Opening of Bids - Liberty Tower TIF Project – Parking Garage Proj No. 123-054R - Golf Construction

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Document A31 O TM -- 201 Q Conforms with The American Institute of Architects AIR Document 310 Bid Bond CONTRACTOR: !�`rnrlc, legrrla7ulrrerrrrrlerclehr�cl� Golf Acquisition Group, LLC 141 E. 141 st Street Hammond, 1N 46327 OWNER: I �1r+17�, ls,�lr! Sr�+1lr5 !!1!!l ark�re.SSJ City of South Bend - Public Works 731 South Lafayette South Bend, 1N 46601 SURETY; (helve, legal.slarrrsmrd principal place r fhuviness) Harco National Insurance Company 4200 Six Forks Road, Suite 1400 Raleigh, NC 27609 Mailing Address for Notices Same BOND AMOUNT: S 5% Five Percent of Amount Bid PROJECT: rName. location or address arrd 1'refecr ur tuber. if arri y Liberty Tower TIF Project - Parking Garage This document has important legal consequences. Consultation ►vith an attorney is encouraged vrith respect to its completlon or modification. Any singular reference to Contractor, Surety, Qrvner or other party shall be considered plural where applicabie. The Contractor and Surety are bound to the 0ivnor in the amount set forth above• for the paymcni ofwhich the Contractor and Surcty bind tltcnasch'cs. their f1Cir5, axccuiors• administrators, successors and assigns, joimly and severally, as provided herein. The conditions of this Bond arc stick that if the Owncr accepts the bid of the Contractor ►�'itlain the time specified in the bid doe nine nls, or within such time period as may be oarced to by the 0►v acr and Contractor, and the Contractor either (1) enters into a contract with the 0►vncr in accordance ►with [lie terms of such bid, and gives such bond or bonds as may be specified in (lie bidding or Contract Docurnems, %viih a surety admitted in the.iurisdiction of the Proicct and othew-ise acceptable to the 0mier, for the faitliful performance of such Contract and for tho prompt payment of labor and material furnished in the prosecution llicrcof. or (2) pays to the 0►vncr the dif fercncc, not to exceed the amount of this Bond. between the amount specified in said bid and such larger amount for i►hich the 0►viicr may in good faith contract with another party to lx rl'nnn the work covered by said bid, then this obligation shall he imlI and void, other►►ise to remain in lull luree and e13ccl. The Surety liereby tirai►'es ant• limier ofan agreeincoii bet% een the 0ivnvr and Conlractor to extend the lime in which the ❑►►ncr may uccepl the bid.1R'ai►'cr ul'nulicc by llie Sul-c1v shall not apply to any exICnsioil exceeding sixly (60)days in the aggregate beyond the lime fiir acceptance ill' bids speeilicd in the hid docunmCals and the O►►ner and Conlractor shall obtain the Surcty's conwot Jill- all ex(ension beyond sixiy (60) days. If Ili is Bond is issued in comicetion with a subcontractor's bid to a Contractor• the term Contractor in this Bond shall be deemed to be Subcontractor and Ili icnit 0wiier stroll be dccnied to be Controctor. Vdlien llus Hand has been flumislied to cumiply ►vith a slamory or other legal requimnicnt in (lie locution ol'(lie Pn)jt:" ally pnivision in 111is Bond con11icIin�, i iIIt said s(alalory or legal require Illelli shall be decutcd did cled Iicrefrom and pirAivisiuns coiil rilliag lit such staiuteiry tie usher Iegal requireinciil shall bs; dcciucd incorporated Iscrciii. Wiicn so I'unsi.iicd, (tic intent is that Ili i% 13und shall be camfrtscd a% a titaIaLory bind 'and not as a com iron Ia►y bind. Sicacd and scaled this 12th dayof December, 2023 {1p'ihwssJ 0a'� ,`-4 (11'i11ree,)Gassie tone Golf Acquisition Group, LLC (Principal) (seal) By: mile'} Harco National Insurance Company ,NSUR�y.•. � � = (,tiurrryy moo; oapos4r`•. (Neal) � SEAS. o By: 1984 yam: :`'d' f4Crrro►a fda. (Tiac, or ieSellers— Attorney -in - act ''• s * ?,.• S-00541AS 8130