PCA - 2023 Contractor Paving Round I Proj No. 123-021 - Rieth-Riley Construction

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MAINTENANCE Travelers Casualty and Surety Company of America BOND Hartford, CT 06183 Bond No.: 107860835 KNOWN ALL BY THESE PRESENTS: That we Rieth-Riley Construction Co., Inc. , as Principal, and Travelers Casualty and Surety Company of America , a corporation organized and existing under the Laws of the State of Connecticut , as Surety, are held and firmly bound unto City of South Bend , as Obligee, in the total SU m Of One Hundred Fourteen Thousand Five Hundred Five Dollars and 53/100 Dollars ( $114,505.53 ) for the payment whereof said Principal and Surety bind themselves, jointly and severally, as provided herein. WHEREAS, the Principal entered into a contract with the Obligee dated April 27,2023 for Proiect #123-048 2023 Contractor Paving Round I ("Work") . NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that if the Principal shall maintain and remedy said Work free from defects in materials and workmanship for a period of Three 3 year(s) commencing on August 30, 2023 (the "Maintenance Period"), then this obligation shall be void; otherwise it shall remain in full force and effect. PROVIDED, HOWEVER, that any suit under this bond shall be commenced no later than one (1) year from the expiration date of the Maintenance Period; provided, however, that if this limitation. is prohibited by any law controlling the construction hereof, such limitation shall be deemed to be amended so as to be equal to the minimum period of limitation permitted by such law, and said period of limitation shall be deemed to have accrued and shall commence to run on the expiration date of the Maintenance Period. SIGNED this 11th day of January 2024 Rieth-Riley Construction Co., Inc. (Principal) By: Ita a Travelers Casualty and Surety Company of America P By. Linda Discenza , A torney-in-Fact