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Opening of Proposals - CMc for Madison Lifestyle New Parking Garage Proj No 123-074 - CRG Residential
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Opening of Proposals - CMc for Madison Lifestyle New Parking Garage Proj No 123-074 - CRG Residential
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4/17/2025 2:03:44 PM
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12/17/2024 1:07:50 PM
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Board of Public Works
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Projects
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12/17/2024
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Li, ber ty <br />Mutual. <br />SURETV <br />December 16, 2024 <br />City of South Bend, Indiana <br />RE: CRG Residential, LLC <br />To Whom It May Concern: <br />Michael Ulrich <br />AVP, Sr. Surety Executive Underwriter <br />8044 Montgomery Road, Suite 150E <br />Cincinnati, OH 45236 <br />P: (513) 792-1871 <br />F: (866) 548-6645 <br />CRG Residential, LLC is a highly regarded and valued customer of Liberty Mutual Insurance <br />Company. Liberty Mutual is rated AXV by A.M. Best. Liberty Mutual Insurance Company. We <br />currently provide surety support for CRG Residential, LLC in the amount of $100,000,000 for <br />single projects / $300,000,000 aggregate work program. <br />Our agreement to provide work programs or execute bonds is subject to mutually acceptable <br />contract terms and conditions, confirmation of financing and any other underwriting <br />considerations both to CRG Residential, LLC and Liberty Mutual Insurance Company at the <br />time of request of final bonds. <br />This letter is issued only as a bonding reference as requested by our customer and is not an <br />assumption of liability or a bond. We assume no liability to third parties or to you if for any <br />reason we do not execute bonds. <br />Sincerely, <br />Michael Ulrich <br />AVP, Sr. Surety Executive Underwriter <br />A Liberty Mutual Company <br />
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