Loading...
HomeMy WebLinkAbout215-91 RESOLUTION• 1 RESOLUTION NO. 915-91 A RESOLUTION AWARDING BID 91-63 TO GALVA-FOAM INDUSTRIES FOR 16 PREFABRICATED BOAT SLIPS AT LAKE FAYETTEVILLE AND APPROVAL OF A BUDGET ADJUSTMENT. BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the Mayor and City Clerk are hereby authorized and directed to execute a contract in the amount of $31,442.00 with Galva -Foam Industries for 16 prefabricated boat slips at Lake Fayetteville boat dock. A copy of the contract authorized for execution hereby is attached hereto marked Exhibit "A" and made a part hereof. Section 2. The Board of Directors hereby approves a budget adjustment in the amount $1,700.00 from the Miscellaneous Park Improvement Sales Tax Bond Fund, Acct. No. 447-947-5-806.00, ST 91- 004 -PK 104. A copy of the budget adjustment form approved is attached hereto and made a part herof. PASSED AND APPROVED this 3rd day of December , 1991. APPROVED: By ATTEST: By J P N. • Mayor • CITY OF FAYETTEVILLE, ARKANSAS IN -YEAR BUDGET ADJUSTMENT ADJUSTMENT # BUDGET YEAR 1991 DEPT: Public Works DIV : Parks & Recreat PROG: Lake Recreation DATE REQUESTED ion 11/13/91 PROJECT OR ITEM REQUESTED: Bid award #91-63 for 16 prefabricated boat slips at Lake Fayetteville Boat Dock. This project is $1,700;short-of funding. CIP Project #ST 91 -002 -PK #02 JUSTIFICATION OF THIS INCREASE This is a CIP project that has been needed for the past 10 years. The increase is needed for the bid to be awarded. PROJECT OR ITEM DELETED: None. It is projected that there will be a completion balance of $1,943. from the Lake Fayetteville Softball Parking Lot project #ST 91 -004 -PK #04. JUSTIFICATION OF THIS DECREASE Funds are remaining from this project to offset the Boat Dock Addition at Lake Fayetteville. INCREASE ACCOUNT TITLE Miscel Sales Tax Bond Fund ACCOUNT NUMBER 447-947-5-806.00 ST 91 -002 -PK #02 AMOUNT $1,700 DECREASE ACCOUNT TITLE Miscel Sales Tax Bond Fund ACCOUNT NUMBER 447-947-5-806.00 ST 91 -004 -PK #04 AMOUNT $1,700 DATE REQUESTED BY• DEP A ADM CITY SERVICES DIR: BUDGET OFFICE USE ONLY DATE OF APPROVAL _ate. Entered Posted Type: A B Total program C D E adjustments to date: Park Imp: Park Impr( • • SECTION 00500 CONTRACT THIS AGREEMENT, made and entered into on the 3Rc{ day of n ,NO,re.wW4J� , 1991 , by and betweenGALVA FOAM MARINE INDUSTRIES,INC. herein called the Contractor, and the City of Fayetteville, Arkansas, hereinafter called the Owner: WITNESSETH: That the Contractor, for the consideration hereinafter fully set out, hereby agrees with the Owner as follows: 1. That the Contractor shall furnish all the materials, and perform all of the work in manner and form as provided by the following enumerated Drawings, Specifications, and Documents, which are attached hereto and made a part hereof, as if fully contained herein and are entitled LAKE FAYETTEVILLE BOAT DOCK ADDITION, dated August, 1991, including: Advertisements for Bids; Addenda; Instructions to Bidders; General Conditions; Supplementary Conditions; Performance and Payment Bonds; Specifications; the Proposal and acceptance thereof; and the Drawings consisting of: 4 Sheets 2. That the Contractor shall commence the work to be performed under this Agreement on a date to be specified in a written order of the Owner and shall fully complete installation of the floating dock system, decks and electrical services within 45 calendar days. 3. That the Owner hereby agrees to pay to the Contractor for the faithful performance of this Agreement, subject to additions and deductions as provided in the Specifications or Proposal, in lawful money of the United States, the amount of: THIRTY-ONE THOUSAND FOUR HUNDRED FORTY-TWO AND NO/100 -Dollars ($ 31,442.00 )r based on the Base Bid Price contained herein, plus any accepted additive alternates. SPStion 00500 - 1 McClallane Consulting AIROIEFEn01 Incap.ratS • • 4. That within 30 days of receipt of an approved payment request, the Owner shall make partial payments to the Contractor on the basis of a duly certified and approved estimate of work performed during the preceding calendar month by the Contractor, LESS the retainage provided in the General Conditions, which is to be withheld by the Owner until all work within a particular part has been performed strictly in accordance with this Agreement and until such work has been accepted by the Owner. 5. That upon submission by the Contractor of evidence satisfactory to the Owner that all payrolls, material bills, and other costs incurred by the Contractor in connection with the construction of the work have been paid in full, final payment on account of this Agreement shall be made within 60 days after the completion by the Contractor of all work covered by this•Agreement and the acceptance of such work by the Owner. 6. In the event that the Contractor shall fail to complete the work within the time limit or the extended time limit agreed upon, as more particularly set forth in the Contract Documents, liquidated damages shall be paid at the rates designated in the Proposal. 7. It is further mutually agreed between the parties hereto that if, at any time after the execution of this Agreement and the Surety Bond hereto attached for its faithful performance and payment, the Owner shall deem the Surety or Sureties upon such bond to be unsatisfactory or if, for any reason such bond ceases to be adequate to cover the performance of the work, the Contractor shall, at his expense, within 5 days after the receipt of notice from the Owner, furnish an additional bond or bonds in such form and amount and with such Surety or Sureties as shall be satisfactory to the Owner. In such event, no further payment to the Contractor shall be deemed to be due under this Agreement until such new or additional security for the faithful performance of the work shall be furnished in manner and form satisfactory to the Owner. 8. No additional work or extras shall be done unless the same shall be duly authorized by appropriate action by the Owner in writing. Section 0050 - 7 McClelland o Conwlllnp Engineers Inoorporol.d Fayetteville. Arkansas • IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and date first above written, in ( 1 counterparts, each of which shall, without proof or accounting for the other counterpart be deemed an original Contract. WITNESSES: GALVA FOAM MARINE INDUSTRIES, INC. Contractor By (Fitt� �,Jt.tr1,OG Vic'eJPresid�t Title ATTEST: CITY OF FAYETTEVILLE .ahlue City Cler Approved as to form: Attorney for Owner Owner By s Mayor Title Section 00500 - 3 McClelland CanwIHnp Enpin.rs Inaarp.rala ay.IU.vlll., Grkan:as • ARKANSAS STATUTORY PERFORMANCE AND PAYMENT BOND We as Principal, hereinafter called Principal, and a corporation organized and existing under the laws of the State of Arkansas and authorized to do business in the State of Arkansas, as Surety, hereinafter called Surety, are held and firmly bound unto the City of Fayetteville, Arkansas as Obligee, hereinafter called Owner, in the amount of Dollars ($ ), for the payment whereof Principal and Surety bind themselves, their heirs, personal representatives, successors and assigns, jointly and severally, firmly by these presents. Principal has by written agreement dated entered into a contract with Owner for construction of pump station and water system improvements, which contract is by reference made a part hereof, and is hereinafter referred to as the Contract. THE CONDITION OF THIS OBLIGATION is such that if the principal shall faithfully perform the Contract on his part and shall fully indemnify and save harmless the Owner from all cost and damage which he may suffer by reason of failure to do so and shall fully reimburse and repay the Owner all outlay and expense which the Owner may incur in making good any such default, and further, that if the Principal shall pay all persons all indebtedness for labor or materials furnished or performed under said Contract, failing which such persons shall have a direct right of action against the Principal and Surety, jointly and severally, under this obligation, subject to the Owner's priority, then this obligation shall be null and void; otherwise it shall remain in full force and effect. No suit, action or proceeding shall be brought on this bond outside the State of Arkansas. No suit, action or proceeding shall be brought on this bond except by the Owner after six months from the date final payment is made on the Contract, nor shall any suit, action or proceeding be brought by the Owner after two years from the date on which the final payment under the Contract falls due. Any alterations which may be made in the terms of the Contract, or in the work to be done under it, or the giving by the Owner of any extension of time for the performance of the contract, or any other forbearance on the part of either the Owner or the Principal to the other shall not in any way release the Principal and the Surety or Sureties, or either or any of them, their heirs, personal representatives, successors or assigns from their liability hereunder, notice to the Surety or Sureties of any such alteration, extension or forbearance being hereby waived. Section 00500 - 4 MCCNIlond Conwllinp Engine's Ino>yarona FoyllllrlII•, Arkansas In no event shall the aggregate liability of the Surety exceed the sum set out herein. Executed on this day of 19 Principal By Surety By Attorney-in-fact Section 00500 - 5 McClelland Consulting Engineers In Corpe.al d FaoMMIle, Arkanaoe r NOTICE TO PROCEED To: Date: Project: City of Fayetteville Lake Fayetteville Boat Dock Addition, Fayetteville, AR You are hereby notified to commence WORK in accordance with the Contract dated , 19 , on or before 19, and you are to complete the WORK by , 19_. ACCEPTANCE OF NOTICE Receipt of the above NOTICE TO PROCEED is hereby acknowledged by this the day of 19 By Title By: Title Section 00550 - 1 FaprbHlI, McClelland Consulting £, inikr, lncargoraled Arkonso. • Document A312 Performance Bond Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. CONTRACTOR (Name and Address): SURETY (Name and Principal Place of Business): GALVA-ICA! PAEIIE INDUSTRIES, INC. APEEICAN CASUALTY CCPPANY OF RT 67 ECE 19 PEALING, PFAISYIVANIA CAPLEITCI, KC 65C2C CHICAGO, ILIIICIS OWNER (Name and Address): CITY CF FAYETTEVIILE, ARKANSAS 113 NES1 RCUITAII FAYETTEVIILE, AEKANSAS 72701 CONSTRUCTION CONTRACT Date: IOVEEEEE 8, 1991 Amount: 131,442.00 Description (Name and Location): IAKE FAYETTEVIIIE BOAT LCCK ALIITICI BOND Date (Not earlier than Construction Contract Date): Amount: $31,442.00 Modifications to this Bond: CONTRACTOR AS PRINCIPAL C2mpany= CrAIV1-IC.AP RARINE INLUSTIRES, INC. Signature.tt/Il2 Name and (Corporate Seal) (Any additional signatures appear on page 3) ICIEPBER 13, 1991 ❑ None I ❑ See Page 3 SURETY Company: (Corporate Seal) APEEICAI AEUALTY CCIIPANY OF READIN PA Signature - Name Name and "nle: JrDITH 1. PAGE, ATTY-IN-FACT (FOR INFORMATION ONLY—Name, Address and Telephone) AGENT or BROKER: OWNER'S REPRESENTATIVE (Architect, Engineer or GEORGE 1. SIEPERS 6 CC.t INC. other party): ECCIEILAID CONSULTING ENG. 6500 SEIIIEE FISSION PAIKbAY 0111 PERRIIP, KANSAS 66202 DOCUMENT A312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 1984 ED. • A312-1984 1 • 1 The Contractor and the Surety, jointly and severally, bind themselves, their heirs, executors, administrators, successors and assigns to the Owner for the performance of the Construction Contract, which is incorporated herein by reference. 2 If the Contractor performs the Construction Contract, the Surety and the Contractor shall have no obligation under this Bond, except to participate in conferences as provided in Subparagraph 3.1. 3 If there is no Owner Default, the Surety's obligation under this Bond shall arise after: 3.1 The Owner has notified the Contractor and the Surety at its address described in Paragraph 10 below that the Owner is considering declaring a Contractor Default and has requested and attempted to arrange a conference with the Contractor and the Surety to be held not later than fifteen days after receipt of such notice to discuss methods of performing the Construc- tion Contract. If the Owner, the Contractor and the Surety agree, the Contractor shall be allowed a reason- able time to perform the Construction Contract, but such an agreement shall not waive the Owner's right, if any, subsequently to declare a Contractor Default; and 3.2 The Owner has declared a Contractor Default and formally terminated the Contractor's right to complete the contract. Such Contractor Default shall not be de- clared earlier than twenty days after the Contractor and the Surety have received notice as provided in Sub- paragraph 3.1; and 3.3 The Owner has agreed to pay the Balance of the Contract Price to the Surety in accordance with the terms of the Construction Contract or to a contractor selected to perform the Construction Contract in accor- dance with the terms of the contract with the Owner. 4 When the Owner has satisfied the conditions of Para- graph 3, the Surety shall promptly and at the Surety's ex- pense take one of the following actions: 4.1 Arrange for the Contractor, with consent of the Owner, to perform and complete the Construction Contract; or 4.2 Undertake to perform and complete the Construc- tion Contract itself, through its agents or through inde- pendent contractors; or 4.3 Obtain bids or negotiated proposals from qualified contractors acceptable to the Owner for a contract for performance and completion of the Con- struction Contract, arrange for a contract to be pre- pared for execution by the Owner and the contractor selected with the Owner's concurrence, to be secured with performance and payment bonds executed by a qualified surety equivalent to the bonds issued on the Construction Contract, and pay to the Owner the amount of damages as described in Paragraph 6 in ex- cess of the Balance of the Contract Price incurred by the Owner resulting from the Contractor's default; or 4.4 Waive its right to perform and complete, arrange for completion, or obtain a new contractor and with reasonable promptness under the circumstances: .1 After investigation, determine the amount for which it may be liable to the Owner and, as soon as practicable after the amount is deter- mined, tender payment therefor to the Owner; or .2 Deny liability in whole or in part and notify the Owner citing reasons therefor. 5 If the Surety does not proceed as provided in Paragraph 4 with reasonable promptness, the Surety shall be deemed to be in default on this Bond fifteen days after receipt of an additional written notice from the Owner to the Surety demanding that the Surety perform its obligations under this Bond, and the Owner shall be entitled to enforce any remedy available to the Owner. If the Surety proceeds as provided in Subparagraph 4.4, and the Owner refuses the payment tendered or the Surety has denied liability, in whole or in part, without further notice the Owner shall be entitled to enforce any remedy available to the Owner. 6 After the Owner has terminated the Contractor's right to complete the Construction Contract, and if the Surety elects to act under Subparagraph 4.1, 4.2, or 4.3 above, then the responsibilities of the Surety to the Owner shall not be greater than those of the Contractor under the Construction Contract, and the responsibilities of the Owner to the Surety shall not be greater than those of the Owner under the Construction Contract. To the limit of the amount of this Bond, but subject to commitment by the Owner of the Balance of the Contract Price to mitigation of costs and damages on the Construction Contract, the Sure- ty is obligated without duplication for: 6.1 The responsibilities of the Contractor for correc- tion of defective work and completion of the Construc- tion Contract; 6.2 Additional legal, design professional and delay costs resulting from the Contractor's Default, and re- sulting from the actions or failure to act of the Surety under Paragraph 4; and 6.3 Liquidated damages, or if no liquidated damages are specified in the Construction Contract, actual dam- ages caused by delayed performance or non-perfor- mance of the Contractor. 7 The Surety shall not be liable to the Owner or others for obligations of the Contractor that are unrelated to the Con- struction Contract, and the Balance of the Contract Price shall not be reduced or set off on account of any such unrelated obligations. No right of action shall accrue on this Bond to any person or entity other than the Owner or its heirs, executors, administrators or successors. 8 The Surety hereby waives notice of any change, includ- ing changes of time, to the Construction Contract or to related subcontracts, purchase orders and other obliga- tions. 9 Any proceeding, legal or equitable, under this Bond may be instituted in any court of competent jurisdiction in the location in which the work or part of the work is located and shall be instituted within two years after Contractor Default or within two years after the Contractor ceased working or within two years after the Surety refuses or fails to perform its obligations under this Bond, whichever oc- curs first. If the provisions of this Paragraph are void or prohibited by law, the minimum period of limitation avail - DOCUMENT A312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 1984 ED. A312-1984 2 • • • able to sureties as a defense in the jurisdiction of the suit shall be applicable. 10 Notice to the Surety, the Owner or the Contractor shall be mailed or delivered to the address shown on the sig- nature page. 11 When this Bond has been furnished to comply with a statutory or other legal requirement in the location where the construction was to be performed, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions con- forming to such statutory or other legal requirement shall be deemed incorporated herein. The intent is that this Bond shall be construed as a statutory bond and not as a common law bond. 12 DEFINITIONS 12.1 Balance of the Contract Price: The total amount payable by the Owner to the Contractor under the Construction Contract after all proper adjustments have been made, including allowance to the Con - MODIFICATIONS TO THIS BOND ARE AS FOLLOWS: tractor of any amounts received or to be received by the Owner in settlement of insurance or other claims for damages to which the Contractor is entitled, re- duced by all valid and proper payments made to or on behalf of the Contractor under the Construction Con- tract. 12.2 Construction Contract: The agreement between the Owner and the Contractor identified on the sig- nature page, including all Contract Documents and changes thereto. 12.3 Contractor Default: Failure of the Contractor, which has neither been remedied nor waived, to per- form or otherwise to comply with the terms of the Construction Contract. 12.4 Owner Default: Failure of the Owner, which has neither been remedied nor waived, to pay the Con- tractor as required by the Construction Contract or to perform and complete or comply with the other terms thereof. (Space is provided below for additional signatures of added parties, other than those appearing on the cover page.) '-CONTRACTOR As -PRINCIPAL Company: GASYI-FCA@ JE INE 111tUSTEIES, INC. APERICAN CASUALTY CCMPANY CF (Corporate Seal) SURETY Company: (Corporate Seal) Signature: '/'g2644,/ Name:a�il Ti e: U Address: RT 67 ECI 19 CAPEENTCR, NO 65C2C 1 (J4-4oc RE AD I1 G 9igr#aPUre Name an ate: Addres : JUEITB A. FACE, ATTY—IN—FACT BC% 9340, !MIAMI RS. 66201 DOCUMENT A312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 1984 ED. • A312-1984 3 • • • Document A312 Payment Bond Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. CONTRACTOR (Name and Address): GALVA-FCAM MAEIIE IIDUSTRIFS ET 67 !CI 19 CAPLEISCI, NO 65020 OWNER (Name and Address): CITY CF FAYETTEVILLE, AB 113 HSI MCUITAII FAYETTEVILLE, ARKANSAS CONSTRUCTION CONTRACT Date: ICVEMEEI 8 , 1991 Amount: F31 0442400 Description (Name and Location): SURETY (Name and Principal Place of Business): t INC. AFEEICAI CASUALTY CCMPANY OF REAIING, FEIISYIVAIIA CHICAGO, ILIIIOIS KAISAS 727C1 LAKE FAYETTEVIIIE BOND Date (Not earlier than Construction Contract Date): Amount: F31,442.CO Modifications to this Bond: CONTRACTOR AS PRINCIPAL Company:- : (Corporate Seal) CILVJI-FC1P 'RHONE ,IILUSTIRES t INC. Signature: - A) cJ(.L.t Ago Name and Title: (Any additional signatures appear on page 6) EOAT LOCK ALLITICI 1CVENBEE ❑ Nong SURETY Company: AMEEICAI- Signature Name and Tj JODITE 12, 1991 ❑ See Page 6 (Corporate Seal) SUALTY COMPANY OF READINGS �y A. PAGE, ATTY-IN-FACT (FOR INFORMATION ONLY—Name, Address and Telephone) AGENT or BROKER: OWNER'S REPRESENTATIVE (Architect, Engineer or GEORGE J. SIEEEIS S CC., INC. otherparty): MCCIFILANL CONSULTING ENG. 850C SF.AINEE FISSION PARKWAY 0111 MERRIAM, KANSAS 662C2 DOCUMENT ,312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 1984 ED. A312-1984 4 • 1 The Contractor and the Surety, jointly and severally, bind themselves, their heirs, executors, administrators, successors and assigns to the Owner to pay for labor, materials and equipment furnished for use in the perfor- mance of the Construction Contract, which is incorporated herein by reference. 2 With respect to the Owner, this obligation shall be null and void if the Contractor: 2.1 Promptly makes payment, directly or indirectly, for all sums due Claimants, and 2.2 Defends, indemnifies and holds harmless the Owner from all claims, demands, liens or suits by any person or entity who furnished labor, materials or equipment for use in the performance of the Construc- tion Contract, provided the Owner has promptly noti- fied the Contractor and the Surety (at the address de- scribed in Paragraph 12) of any claims, demands, liens or suits and tendered defense of such claims, demands, liens or suits to the Contractor and the Surety, and provided there is no Owner Default. 3 With respect to Claimants, this obligation shall be null and void if the Contractor promptly makes payment, di- rectly or indirectly, for all sums due. 4 The Surety shall have no obligation to Claimants under this Bond until: 4.1 Claimants who are employed by or have a direct contract with the Contractor have given notice to the Surety (at the address described in Paragraph 12) and sent a copy, or notice thereof, to the Owner, stating that a claim is being made under this Bond and, with sub- stantial accuracy, the amount of the claim. 4.2 Claimants who do not have a direct contract with the Contractor: .1 Have furnished written notice to the Con- tractor and sent a copy, or notice thereof, to the Owner, within 90 days after having last performed labor or last furnished materials or equipment included in the claim stating, with substantial accuracy, the amount of the claim and the name of the party to whom the mate- rials were furnished or supplied or for whom the labor was done or performed; and .2 Have either received a rejection in whole or in part from the Contractor, or not received with- in 30 days of furnishing the above notice any communication from the Contractor by which the Contractor has indicated the claim will be paid directly or indirectly; and .3 Not having been paid within the above 30 days, have sent a written notice to the Surety (at the address described in Paragraph 12) and sent a copy, or notice thereof, to the Owner, stating that a claim is being made under this Bond and enclosing a copy of the previous written notice furnished to the Contractor. 5 If a notice required by Paragraph 4 is given by the Owner to the Contractor or to the Surety, that is sufficient compli- ance. 6 When the Claimant has satisfied the conditions of Para- graph 4, the Surety shall promptly and at the Surety's ex- pense take the following actions: 6.1 Send an answer to the Claimant, with a copy to the Owner, within 45 days after receipt of the claim, stating the amounts that are undisputed and the basis for chal- lenging any amounts that are disputed. 6.2 Pay or arrange for payment of any undisputed amounts. 7 The Surety's total obligation shall not exceed the amount of this Bond, and the amount of this Bond shall be credited for any payments made in good faith by the Surety. 8 Amounts owed by the Owner to the Contractor under the Construction Contract shall be used for the perfor- mance of the Construction Contract and to satisfy claims, if any, under any Construction Performance Bond. By the Contractor furnishing and the Owner accepting this Bond, they agree that all funds earned by the Contractor in the performance of the Construction Contract are dedicated to satisfy obligations of the Contractor and the Surety under this Bond, subject to the Owner's priority to use the funds for the completion of the work. 9 The Surety shall not be liable to the Owner, Claimants or others for obligations of the Contractor that are unrelat- ed to the Construction Contract. The Owner shall not be liable for payment of any costs or expenses of any Claimant under this Bond, and shall have under this Bond no obliga- tions to make payments to, give notices on behalf of, or otherwise have obligations to Claimants under this Bond. 10 The Surety hereby waives notice of any change, includ- ing changes of time, to the Construction Contract or to related subcontracts, purchase orders and other obliga- tions. 11 No suit or action shall be commenced by a Claimant under this Bond other than in a court of competent jurisdic- tion in the location in which the work or part of the work is located or after the expiration of one year from the date (1) on which the Claimant gave the notice required by Sub- paragraph 4.1 or Clause 4.2 (iii), or (2) on which the last labor or service was performed by anyone or the last mate- rials or equipment were furnished by anyone under the Construction Contract, whichever of (1) or (2) first occurs. If the provisions of this Paragraph are void or prohibited by law, the minimum period of limitation available to sureties as a defense in the jurisdiction of the suit shall be applica- ble. 12 Notice to the Surety, the Owner or the Contractor shall be mailed or delivered to the address shown on the sig- nature page. Actual receipt of notice by Surety, the Owner or the Contractor, however accomplished, shall be suffi- cient compliance as of the date received at the address shown on the signature page. 13 When this Bond has been furnished to comply with a statutory or other legal requirement in the location where the construction was to be performed, any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions con- forming to such statutory or other legal requirement shall be deemed incorporated herein. The intent is that this DOCUMENT *,312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 1984 ED. • A312-1984 5 • Bond shall be construed as a statutory bond and not as a common law bond. 14 Upon request by any person or entity appearing to be a potential beneficiary of this Bond, the Contractor shall promptly furnish a copy of this Bond or shall permit a copy to be made. 15 DEFINITIONS 15.1 Claimant: An individual or entity having a direct contract with the Contractor or with a subcontractor of the Contractor to furnish labor, materials or equip- ment for use in the performance of the Contract. The intent of this Bond shall be to include without limita- tion in the terms "labor, materials or equipment" that part of water, gas, power, light, heat, oil, gasoline, telephone service or rental equipment used in the MODIFICATIONS TO THIS BOND ARE AS FOLLOWS: Construction Contract, architectural and engineering services required for performance of the work of the Contractor and the Contractor's subcontractors, and all other items for which a mechanic's lien may be asserted in the jurisdiction where the labor, materials or equipment were furnished. 15.2 Construction Contract: The agreement between the Owner and the Contractor identified on the sig- nature page, including all Contract Documents and changes thereto. 15.3 Owner Default: Failure of the Owner, which has neither been remedied nor waived, to pay the Con- tractor as required by the Construction Contract or to perform and complete or comply with the other terms thereof. (Space is, provIded_below for additional signatures of added parties, other than those appearing on the cover page.) CONTRACTOR AS PRINCIPAL Company; - -Al Y2tick$ PU1IE (Corporate Seal) INCUSTRIES, INC. Signature:._ Name and -Ti Address: El- 6i' EC/ CAMDEITCI, 19 NO 65C2C SURETY Company: APEEICA (Corporate Seal) ASUAL'IY CCMPANY CF 9 READIN‘r FA L4v: t/l gnature• Name and TitlE Address: IJ7''DD ECI 934C, I11 A. FACE, ATTY-II-FACT PESRIIR, F5. 66201 DOCUMENT A312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 1984 ED. A312-1984 6 American Casualty Company 'of.Readhng, pennsylvanla CNA For All the Commitments You Make OlneeiChIcago, Whale POWER OF ATTORNEY APPOINTING INDIVIDUAL ATTORNEY-IN-FACT Know All Men by these Presents, That AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, a corporation duly organized and existing under the laws of the Commonwealth of Pennsylvania, and having its principal office in the City of Chicago, and State of Illinois, does hereby make, constitute and appoint John N Thayer- 1 V Maxon, individually of Kansas rity, ty, MO, Thomas E. O'Neill, Judith A. Page. Individually of Chawnee Mi «inn, Kg Mark E- Cardpe", Individually of Leawood KS. Galen R. Piss. Tndivtdually of Overland Darr KS Dnhart B Piss, Indjlvidually of Prairie Village KC, Tarry J Cramer, Individually of ' Blue Spring MO its true and lawful Attorney -in -Fact with full power and authority hereby conferred to sign, seal and execute in its beha bonus, undertakings and other obligatory instruments of similar nature Tn Unlimited Pruett and to bind AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA thereby as fully and to the same extent as 0 such instruments were signed by the duly authorized officers of AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA and all the acts of said Attorney, pursuant to the authority hereby given ars hereby ratified and confirmed. This Power of Attorney is made and executed pursuant to and by authority of the following By -Law duly adopted by the Board of Directors of the Company: "Article VI—Execution of Obligations and Appointment of Attorney -hi -Fact Section 2. Appointment of Attorney-in-fact. The President or Via President may, from time to time, appoint by written certificates attorneys - in -fact to act in behalf of the Company in the execution of policies of insurance, bonds, undertakings and other obligatory instruments of like nature. Such attorneys -in -fact, subject to the limitations set forth in their respective certificates of authority,shall have full power to bind the Company by their signature and execution of any such instruments and to attach the seal of the Company thereto. The President or any Vice President or the Board of Directors may at any time revoke all power and authority previously given to any attorney-in-fact." This Power o1 Attorney is signed and sealed by facsimile under and by the authority of the following Resolution adopted by the Board of Directors of the Company at a meeting duly called and held on the llth day of November, 1966: "Resolved, that the signature of the President or a Vice President and the seal of the Company may be affixed by facsimile on any power of attorney granted pursuant to Section 2 of Article VI of the By -Laws, and the signature of the Secretary or an Assistant Secretary and the seal of the Company may be affixed by fascimile to any certificate of any such power. and any power or certificate bearing such facsimile signatures and seal shall be valid and binding on the Company. Any such power so executed and sealed and certified by certificate so executed and sealed shall, with raspy any bond or undertaking to which it is attached, continue to be valid and binding on the Company." In Witness Whereof, AMERICAN CASUALTY COMPANY OF, READING, PENNSYLVANIA ha%caupil these presents to be signed by re President and its corporate seal to be hereto affixed thisbu un day of Apri 1 19 State of Illinois ) County of Cook 1 ss 'r ' \ AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA J. ( Vice President. On this 16th da of April 19S11_, before me personally came .1. E. Purtell, to me known, who, being by me duly sworn, did depose and say: that he resides in the Village of Glenview, State of Illinois; that he is a Vice -President of AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, the corporation described in the which executed the above instrument: that he knows the seal of said Corporation; that the seal affixed to the said instrument is such corporate seal: that d was so affixed pursuant toausame to givenbatnect by the Board of deed of said Directorsof said corporation. oration and that he signed his name thereto pursuant to like authority. and s • UUnda C. Dempsey ry Public. CERTIFICATE My Commission Expires NOverr6er 12, 1990 1, Robert E. Ayo, Assistant Secretary of AMERICAN CASUALTY COMPANY OF READING, PENNSYLVANIA, do certify that the Power of Attorney herein above set forth is still in force, and further certify that Section 2 of Article VI of the By -Laws of the Comps and the Resolution of the Board of Directorsset forth in said Power of Attorney are st 11 in.to . In testimony whereof I have hereunto dx�my name and affixed the seal of the said Company this / 3 day of �,zE •`"ftit� 19 e -22142-D R• • -rt E. Ayo - • nt Secy• INV. 1 ,442-B • • • • • • • • • • • SECTION 00500 CONTRACT THIS AGREEMENT, made and entered into on the Si day of , , 19 9 !, by and between GALVA FOAM MARINE INDUSTRIES, INC. herein called the Contractor, and the City of Fayetteville, Arkansas, hereinafter called the Owner: WITNESSETH: That the Contractor, for the consideration hereinafter fully set out, hereby agrees with the Owner as follows: 1. That the Contractor shall furnish all the materials, and perform all of the work in manner and form as provided by the following enumerated Drawings, Specifications, and Documents, which are attached hereto and made a part hereof, as if fully contained herein and are entitled LAKE FAYETTEVILLE BOAT DOCK ADDITION, dated August, 1991, including: Advertisements for Bids; Addenda; Instructions to Bidders; General Conditions; Supplementary Conditions; Performance and Payment Bonds; Specifications; the Proposal and acceptance thereof; and the Drawings consisting of: 4 Sheets 2. That the Contractor shall commence the work to be performed under this Agreement on a date to be specified in a written order of the Owner and shall fully complete installation of the floating dock system, decks and electrical services within 45 calendar days. 3 That the Owner hereby agrees to pay to the Contractor for the faithful performance of this Agreement, subject to additions and deductions as provided in the Specifications or Proposal, in lawful money of the United States, the amount of: THIRTY-ONE THOUSAND FOUR HUNDRED FORTY-TWO AND NO/100 Dollars ($ 31,442.00 )r based on the Base Bid Price contained herein, plus any accepted additive alternates. Section 00500 - 1 naMCCI.IIar.d Consulting Engineers Incorporated Fayetteville, Arkonsas • • • • • • • • • • • 4 That within 30 days of receipt of an approved payment request, the Owner shall make partial payments to the Contractor on the basis of a duly certified and approved estimate of work performed during the preceding calendar month by the Contractor, LESS the retainage provided in the General Conditions, which is to be withheld by the Owner until all work within a particular part has been performed strictly in accordance with this Agreement and until such work has been accepted by the Owner. 5. That upon submission by the Contractor of evidence satisfactory to the Owner that all payrolls, material bills, and other costs incurred by the Contractor in connection with the construction of the work have been paid in full, final payment on account of this Agreement shall be made within 60 days after the completion by the Contractor of all work covered by this Agreement and the acceptance of such work by the Owner. 6. In the event that the Contractor shall fail to complete the work within the time limit or the extended time limit agreed upon, as more particularly set forth in the Contract Documents, liquidated damages shall be paid at the rates designated in the Proposal. 7 It is further mutually agreed between the parties hereto that if, at any time after the execution of this Agreement and the Surety Bond hereto attached for its faithful performance and payment, the Owner shall deem the Surety or Sureties upon such bond to be unsatisfactory or if, for any reason such bond ceases to be adequate to cover the performance of the work, the Contractor shall, at his expense, within 5 days after the receipt of notice from the Owner, furnish an additional bond or bonds in such form and amount and with such Surety or Sureties as shall be satisfactory to the Owner. In such event, no further payment to the Contractor shall be deemed to be due under this Agreement until such new or additional security for the faithful performance of the work shall be furnished in manner and form satisfactory to the Owner. 8 No additional work or extras shall be done unless the same shall be duly authorized by appropriate action by the Owner in writing. Section 00500 - 2 Consulting McClellandfnpineers Inarperalea Fayetteville, Arkansas • • • • • • • • • • • • • IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the day and date first above written, in 1 counterparts, each of which shall, without proof or accounting for the other counterpart be deemed an original Contract. WITNESSES: y/.estJ"/-SC)--c-r-e/CL/ic/ GALVA FOAM MARINE INDUSTRIES, INC. Contractor • By l�fi�i A.Jv VJL' "A ° Vice President Title ATTEST: CITY OF FAYETTEVILLE i OwnCe � o1-f.�QvYIwl /%Z l By dCler Mayor Title Approved as to form. Attorney for Owner Section 00500 - 3 MCC:eland Cpnsaltinp Enpin.sn Incorporated Faysllovlll.y Arkansas