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HomeMy WebLinkAbout132-05 RESOLUTION• RESOLUTION NO. 132-05 A RESOLUTION APPROVING A CONTRACT WITH MIDLAND CONSTRUCTION, INC. IN THE AMOUNT OF $295,153.00 FOR THE MEADOW STREET PARKING STRUCTURE IMPROVEMENTS PROJECT; APPROVING A 15% PROJECT CONTINGENCY IN THE AMOUNT OF $44,273.00; AND APPROVING A BUDGET ADJUSTMENT IN THE AMOUNT OF $132,803.00 FOR SAME. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS* Section 1: That the City Council of the City of Fayetteville, Arkansas, hereby approves a contract with Midland Construction, Inc. in the amount of $295,153.00 for the Meadow Street Parking Structure Improvements Project. A copy of the contract marked Exhibit "A" is attached hereto and made a part hereof. Section 2: That the City Council of the City of Fayetteville, Arkansas, hereby approves a 15% project contingency in the amount of $44,273.00. Section 3: That the City Council of the City of Fayetteville, Arkansas, hereby approves a budget adjustment in the amount of $132,803.00 for same. PASSED and APPROVED this 5m day of July, 2005. `R = • AGREEMENT BETWEEN CITY OF FAYE1TEVILLE AND MIDLAND CONSTRUCTION, INC. THIS AGREEMENT is dated as of the'54 k day of �j in the year 2005 by and between the Gry of Fayetteville, Arkansas, and Midland Construction, Inc CRY OF FAYETTEVILLE and MIDLAND CONSTRUCTION, INC in consideration of the annual covenants bereinafta set forth, agree as follows: Article 1. WORK. MIDLAND CONSTRUCTION, INC. shall complete all Work as specified or indicated in the Contract Doannents. The work generally consists of the restoration of a parking structure located on Meadow Street. Article 2. OWNER'S REPRESENTATIVE The Project has been designed by Mr Kenneth Wagner Walker Parking Consultants 17049 El Camino Real, Suite 202 Houston,Texas 77058 281-280-0068 ph 281-280-0373 fax who is hereinafter called OWNER 5 REPRESENTATIVE and who is to act as CITY OF FAYETTEVILLE'S representative, assume all duties and responsibilities, and have the rights and authority assigned to OWNER'S REPRESENTATIVE in the Contract Doamrents in connection with txxnpletion of the Work in accordance with the Contract documents. Article 3. CONTRACT TIME. 3.1. The Work shall begin Monday, August 8th, 2005 and be oompldcd by November 10th, 2005 and ready for final payment in accordance with paragraph 9.10 of the General Conditions. 3.2. liquidated Damages. CITY OF FAYETTEVILLE and MIDLAND CONSTRUCTION, INC. recognize that time is of the essence of the Agreement and that CITY OF FAYETTEVILLE will suffer financial loss if the Work is not completed within the times specified in paragraph 3.1 above, phis and extensions thereof allowed in accordance with paragraph 83 of the General Conditions. They also recognize the delays, expense and difficulties involved in proving the actual loss suffered by CITY OF FAYiTTEVII 1 F if the Work is not completed on time. Accordingly, instead of requiring any such proof, CITY Of FAYETTEVILI.F. and MIDLAND CONSTRUCTION, INC. agree that as liquidated damages for delay (but not as a penalty) MIDLAND CONSTRUCTION, INC. shall pay CITY OF FAYETTEVILLE One Haadred Dollars (5100.00) for each day that expires after the time specified in paragraph 3.1 for Completion until the Work is complete. Highway 71 Fast Square Redevelopment District 141 City of Fayetteville Engineering Division April 1, 2005 Page 00500-1 • Amide 4. CONTRACT PRICE. CITY OF FAYETTEVILLE shall pay MIDLAND CONSTRUCTION, INC. two hundred ninety five thousand, one hundred fifty three dollars ($295,153) for completion of the Work in accordance with the Contract Documents. An amount in current funds equal to the sum of the established lump sums for each separately identified item of Lump Sum Work. Artide 5. PAYMENT PROCEDURES MIDLAND CONSTRUCTION, INC. shall submit Applications for Payment in accordance with Article 9 of the General Conditions or as modified in the Supplementary Conditions. Applications for Payment will be processed by OWNER'S REPRESENTATIVE as provided in the General Conditions. 5.1. Progress Payments. CITY OF FAYETTEVILLE shall make progress payments on account of the Contract Price on the basis of MIDLAND CONSTRUCTION, INC.'S. Applications for Payment as recommended by OWNER'S REPRESENTATIVE, on or about the 1st day of each month during construction as provided in paragraphs 5.1.1 and 5.1.2 below. All such payments will bc as provided in the General Requirements. 5.1.1. Prior to Substantial Completion, progress payments will be made in an amount equal to the percentage indicated below, but, in case, less the aggregate of payments previously made and less such amounts as OWNER S REPRESENTATIVE shall determine, or CITY OF FAYETTEVILLE may withhold, in accordance with the General Conditions. 90 percent of Work completed (with the balance of 10 percent being retainage), If Work has been 50 percent completed as determined by thc OWNER'S RES a ATIVE, and if the character and progress of the Work have been satisfactory to CITY OF FAYETTEVILLE and OWNER'S REPRESENTATIVE, CITY OF FAYETTEVILLE, on recommendation of OWNER'S REPRESENTATIVE, may determine that as long as the character and progress of the Work remain satisfactory to them, there will be no additional retainage on account of work completed, in which case the remaining progress payments prior to Completion will be in an amount equal to 100 percent of the Work completed. D' 100 percent of materials and equipment not incorporated in the Work but delivered, suitably stored, and accompanied by documentation satisfactory to CITY OF FAYETTEVILLE as provided in paragraphs 14.0233.5 & 14.02.D of the General Conditions. That is, if any such items are setup for that type payment in thc Specifications. 5.1.2. Upon Substantial Completion, in an amount sufficient to increase total payments to MIDLAND CONSTRUCTION, INC. to 98 percent of the Contract Price (with the balance of 2 percent being retainage), less such amounts as OWNER'S REPRESENTATIVE shall determine, or CITY OF FAYETTEVILLE may withhold, in accordance with the General Conditions. 5.3 Final Payment. Upon final completion and acceptance of the Work in accordance with the General Conditions, CITY OF FAYETTEVILLE shall pay the remainder of the Contract Price as recommended by OWNER'S REPRESENTATIVE as provided. Highway 71 East Square Redevelopment District #1 Oty of Fayetteville Engineering Division Apnl 1, 2005 Page 00500-2 • • • Article 6. CONTRACTOR'S REPRESENTATIONS. In order to induce CITY OF FAYE FEVILLE to enter into this Agreement MIDLAND CONSTRUCTION, INC. makes the following reprasaaations: 6.1. MIDLAND CONSTRUCTION, INC. has examined and carefully studied the. Contract Documents (including any Addenda) and the other related data identified in the Bidding Documents including "technical data? 6.2. MIDLAND CONSTRUCTION, INC. has visited the site and become familiar with and is satisfied as to the general, local, and site conditions that may affect cost, progress, performance, or furnishing of the Work. 63. MIDLAND CONSTRUCTION, INC. is familiar with and is satisfied as to all federal, state, and local Laws and Regulations that may affect cost, progress, performance, and furnishing of the Work. 6.4. MIDLAND CONSTRUCTION, INC. has carefully studied all reports of explorations and tests of subsurface conditions at or contiguous to the site and all drawings of physical conditions in or relating to existing surface or subsurface stmdures at or contiguous to the site which have been identified in the Supplementary Conditions. MIDLAND CONSTRUCTION, INC. accepts the delamination set forth in the Supplementary Conditions of the ectad of the "talmical data" contained in such reports and drawings upon which MIDLAND CONSTRUCTION, INC. is entitled to rely on. MIDLAND CONSTRUCTION, INC. acknowledges that such reports and drawings are not Contract Documents and may not be wrnplctc for MIDLAND CONSTRUCTION, INC.'s purposes. MIDLAND CONSTRUCTION, INC. acknowledges that CITY OF FAYETIEVILLE and OWNER S REPRESENTATIVE do not assume responsibility for the accuracy or completeness of information and data shown or indicated in the Contract Documents with respect to Underground Facilities at or contiguous to the site. MIDLAND CONSTRUCTION, INC. has obtained and carefully studied (or assumes responsibility for having done so) all such additional supplementary examinations, investigations, explorations, tests, studies, and data concerning conditions (surface, subsurface, and Undagrotmd Facilities) at or contiguous to the site or otherwise which may affect cost, progress, performance, or furnishing of the Work or which relate to any aspect of the means, methods, terhniques, sequences, and procedures of construction to the employed by MIDLAND CONSTRUCTION, INC. and safety precautions and programs incidaa thereto. MIDLAND CONSTRUCTION, INC. does not consider that any additional examinations, investigations, explorations, tests, studies, or data are necessary for the performance and furnishing of the Work at the Contract Price, within the Contract Times, and in accordance with the other tams and conditions of the Contract Documents. 6.5. MIDLAND CONSTRUCTION, INC. is aware of the general nature of work to be performed at the site that relates to the Work as indicated in the Contract Documents. 6.6. MIDLAND CONSTRUCTION, INC. has correlated the information known to MIDLAND CONSTRUCTION, INC., information and observations obtained from visits to the site, reports and drawings identified in the Contract Documents, ens, and all additional examinations, investigations, explorations, tests, studies, and data with the Contract Documents. 6.7. MIDLAND CONSTRUCTION, INC. has given OWNER'S REPRESENTATIVE written notice of all conflicts, errors, ambiguities, or discrepancies that MIDLAND CONSTRUCTION, INC. has discovered in the Contract Documents and the written resolution thereof by OWNER S Highway 71 East Square Redevelopment District NI My of FayetteviOe Engineering Division • April 1, 2005 Page 00500-3 • • • REPRESENTATIVE is acceptable to MIDLAND CONSTRUCTION, INC. and the Contract Documents are generally sufficient to indicate and convey imderstandmg of all terms and conditions for performance and furnishing of the Work. Highway 71 East Square Redevelopment District NI City of Fayetteville Engineering Division April 1, 2005 Page 00500-3 • • 6.8. Ardde 7. CONTRACT DOCUMENTS The Contract Documents, which comprise the entire agreement between CITY OF FAYETTEVIILE and MIDLAND CONSTRUCTION; INC. concerning the Work, consist of the following 7.1. This Agitation (pages 1 to 8, inclusive). 71 Performance and Payment Bonds (Exhibits A and B respectively). 7.3. Certificates of Insurance (Exhibit C). 7.4. Documentation submitted by MIDLAND CONSTRUCTION, INC. prior to Notice of Selection (Exhibit D). 7.5. General Conditions (pages 1 to 39, inclusive). 7.6. Supplementary Conditions (pages 1 to 9 inclusive). 7.9. Specifications as listed in table of contents thaeof. 7.10. Any addenda. 7.11. One set of drawings (attached hereto). Bid 05-45 Meadow Street Parking Structure Improvements 7.12. The following which may be delivered or issued after the Effective Date of the Agreement and are not attached hereto: 7.12.1. Notice to Proceed 7.12.2. All Written Amendments and other documents amending, modifying or supplementing the Contract Documents pursuant to the General Conditions. The Contract Documents may only be amended, modified or supplemented as provided in the General Conditions. Artide 8. MISCELLANEOUS. 8.1. Tams used in the Agreement which are defined in the General Conditions will have the meanings indicated in the General Conditions. 8.2. No assignment by a party hereto of any rights under or interests in the Contract Daanocnts will be binding on another party hereto without the written consa t of the party sought to be bound; and, specifically but without limitation, moneys that may become due and moneys that are due may not be assigned without such consent (except to the extent that the effect of this restriction may be limited by law), and unless specifically stated to the contrary in any written consent to an assignment no assignment will release or discharge the assignor from any duty or responsibility under the Contract Doormats. 8.3. CITY OF FAYETTEVILLE and MIDLAND CONSTRUCTION, INC. each binds itself, it partners, successors, assigns, and legal representatives to the other party hereto, its partners, successors, assigns, and legal representatives in respect to all covenants, agreements and obligations contained in the Contract Document Highway 71 East Square Redevelopment District #1 Oty of Fayetteville Engineering Division April 1, 2005 Page 005004 w 8.4. Any provision or part of the Contract Documents held to be void or unenforceable under any Law or Regulation shall be deemed stricken and all remaining provisions shall continue to be valid and binding upon stricken provision or part thereof with a valid and enforceable provision St comes as close as possible expensing the intattion of the stricken provision. 8.5. Changes, modifications, or amendments in scope, price or fees to this contract shall not be allowed without a prior formal contract amendment approved by the Mayor and the City Council in advance of the change in scope, cost or fees. 8.6. Freedom of Information Act. CITY OF FAYETTEVILLE contracts and documents prepared while performing city contractual work are subject to the Arkansas Freedom of Information Act. If a Freedom of Information Ad request is presented to the CITY OF FAYE TEVILLE, MIDLAND CONSTRUCTION, INC. will do everything possible to provide the documents in a prompt and timely mama as prescribed in the Arkansas Freedom of Information Act (A.C.A. §25-19-I01 d. seq.). Only legally authorized photocopying costs pursuant to the FOIA may be assessed for this compliance. 8.7. This contract must be interpreted under Arkansas Law • • • IN WITNESS WHEREOF, CITY OF FAYETTEVILLE and MIDLAND CONSTRUCTION, INC. have signed this Agreement in quadruplicate. One counterpart each has been delivered to CITY OF FAYETTEVILLE and OWNER'S REPRESENTATIVE, and two counterparts have been delivered to INLAND CONSTRUCTION, INC.. All portions of the Contract Documents have been signed, initialed, or identified by CITY OF FAYETTEVILLE and MIDLAND CONSTRUCTION, INC. or identified by OWNER'S REPRESENTATIVE on their behalf. 3 C This Agreement will be effective on tiL V 54- h 2005 (which is the Effective Date of the Agreement). Attest Secretary. Address for giving notices City of Fayetteville Attention: Dan Coody 113 W. Mountain St. Fayetteville, AR 72701 (If OWNER is a public body, attach evidcncc of authority to sign and resolution or other documents authorizing execution of Agreement.) [CORPORATE SEAL] • Attest • If a Corporation, attest by the Address for giving notices Midland Construction, Inc. Attention: Steve Timmerman P.O. Box 369 Rogers, AR 72757 License No. 00/5:? 4140,47406 Agait for service of process: (If CONTRACTOR is a corporation, attach evidence of authority to sign) • City of Fayetteville, Arkansas Budget Adjustment Form Budget Year 2005 Department: Operations Division: Telecommunications & Parking Program: Off Street Parking Exp Date Requested 6/15/2005 1 Adjustment Number Project or Item Added/Increased: $132,803 in the Parking Deck Expenditures account in the Parking Deck Rehabilitation capital project. Project or Item Deleted/Reduced: $132,803 from the Use of Fund Balance account. Justification of this Increase: The funding is for the rehabilitation of the municipal parking deck located on Meadow Street. Justification of this Decrease: There is $206,623.60 remaining funds for this project in 2005. The total project cost exceeded the anticipated cost of the rehabilitation of the parking deck by $132,803.00. Increase Expense Budget (Decrease Revenue Budget) Account Name Account Number Amount Project Number Parkins deck expenditures 2130 9130 5411 00 132,803 02085 1 Account Name Decrease Expense Budget (Increase Revenue Budget) Account Number Amount Use of fund balance 2130 0913 4999 99 132,803 Project Number Approval Signatures 1-13-01 Date ?'/1 -79a Date 5 * rvices D. or A ate 7/9/� Date Mayor Budget Office Use Only Type: A B C Date of Approval Posted to General Ledger Posted to Project Accounting Entered in Category Log Initial E Date Initial Date Initial Date Initial Date Parking Access and Revenue Control Equipment July 5, 2005 Council Mating Page I of 2 AGENDA REQUEST MEMO TO: Mayor Dan Coody THRU: Gary Dumas, Director of Operations FROM: Sharon Jenkins, Parking Manager4� Coy Hurd, Project Manager u DATE: June 15, 2005 SUBJECT: Approval of Budget Adjustment and Award RFP #05-45 for Meadow Street Parking Structure improvements RECOMMENDATION Staff recommends the approval of a budget adjustment in the amount of $132,803.00 and award RFP 405-45 to Midland Construction, Inc. for improvements and repairs to the Meadow Street Parking Structure in the amount of $295,153.00 plus 10% contingency for the total amount not to exceed $339,426.00 Repairs and improvements to the municipal parking deck include concrete repairs, shoring, latex modified concrete placement and patching, trowel applied concrete repairs, sealants, waterproofing, expansion joints, supplemental floor drains, painting and miscellaneous other repairs. BACKGROUND For some time, the Municipal Parking Deck on Meadow Street has been experiencing problems. The deck will not entirely shed water, thus water pools in several of the parking spaces. This limits the use of these spaces causing an inconvenience to patrons who have leased those particular spaces. This situation also makes the parking deck slick and dangerous for foot traffic, especially in the wintertime. Other problems are manifest such as inadequate lighting and the deterioration of the deck's surface. In September of 2004, the City contracted with Walker Parking Consultants for the design and oversight of the restoration of the deck. They prepared the plans and developed the bid documents that went out in May 2005. They will continue with this project by conducting pre -construction conferences, negotiation a construction contract, and oversee the rehabilitation project. Repairs and improvements to the parking deck will include concrete repairs, shoring, latex modified concrete placement and patching, trowel applied concrete repairs, sealants, waterproofing, expansion joints, supplemental floor drains, painting and miscellaneous other repairs. IRgz 7/6/05 t 3d • • DISCUSSION We received bids from two (2) vendors for the parking equipment: • Midland Construction, Inc. submitted a bid that totaled $295,153.00 • John P. Marinoni Construction Company, Inc. submitted a bid that totaled $333,685.00 BUDGET IMPACT The total project budget in 2005 is $218,304.00 with $11,680.40 paid to Walker Parking Consultants for their services. With a remaining balance of $206,623.60 for the project, a budget adjustment of $132,803.00 will be necessary from fund balance in order to finish the required improvements. • • RESOLUTION NO. A RESOLUTION APPROVING A CONTRACT WITH MIDLAND CONSTRUCTION, INC. IN THE AMOUNT OF $295,153.00 FOR THE MEADOW STREET PARKING STRUCTURE IMPROVEMENTS PROJECT; APPROVING A 15% PROJECT CONTINGENCY IN THE AMOUNT OF $44,273 00; AND APPROVING A BUDGET ADJUSTMENT IN THE AMOUNT OF $132,803.00 FOR SAME. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FAYETTEVILLE, ARKANSAS: Section 1. That the City Council of the City of Fayetteville, Arkansas, hereby approves a contract with Midland Construction, Inc. in the amount of $295,153.00 for the Meadow Street Parking Structure Improvements Project. A copy of the contract marked Exhibit "A" is attached hereto and made a part hereof. Section 2. That the City Council of the City of Fayetteville, Arkansas! hereby approves a 15% project contingency in the amount of $44,273.00. Section 3. That the City Council of the City of nsas, hereby approves a budget adjustment in the amount o ATT By: PASSED and APPROVED this 5th da` f July, 2005, A SMITH, City Clerk COODY, Mayor *REV 2/99 • • CERTIFIED COPY OF THE RESOLUTION OF THE BOARD OF DIRECTORS AUTHORIZING CONSENT TO SERVICE OF PROCESS FOR THE CORPORATION At a regular/special meeting of the Board of Directors of ci LJ lDnstrtxei;0 n. Lc . Y1I (NAME OF CORPORATION) duly called and held on the 13 day of r(' eta quorum being present, the following Resolution was adopted: "WHEREAS, this Company desires to enter into one or more contracts as a contractor, as defined in Section 48-13-30 through 48-13-38 of the Official Code of Georgia annotated, and for the purpose of employing with said Act agrees to irrevocably appoint the Secretary of State, or his successor in office, its duly authorized agent for service of process with respect to claims arising out of the performance of any of said contracts. THEREFORE, BE IT RESOLVED, that SLAW. (VIM c ma , President and _ \YAo,(ILlto Z..trnrnPema.v\ , Secretary of the Company be and hereby are authorized to execute on behalf of the Company a Non -Resident Contractor's Consent to Service of Process in this regard, and the proper attesting officer of the Company be and hereby is authorized to affix the corporate seal to such consent and subscribe his name thereto, attesting the same". I, Tw'q i e INIMer'Mall , Secretary of A In vvA erans6 t*;o n ,) . (NAME OF CORPORATION) have compared the foregoing Resolution with the original thereof, as recorded in the Minute Book of said Company, and do certify that the same is a correct and true transcript therefrom and the whole of said original Resolution. iven under my hand and seal of the Company, Lt11Lt �1 n.Sr �[�'�on,IhC_in the City of } neer e3 State of heKoc.y1SQ S this it day of Marck Vaarr n 1 TE SECRETARY) (Seal) THIS RESOLUTION MUST BE ATTACHED TO THE NONRESIDENT CONTRACTOR'S CONSENT TO SERVICE OF PROCESS. 1 Sharon Jenkins/Coy Hurd Submitted By • City of Fayetteville • Staff Review Form City Council Agenda Items Contracts TL, hi S, la's City Council Meeting Date Parking Mgmt.Building Services Operations Division Action Required: Department A resolution approving a budget adjustment in the amount of $132,803.00 and award RFP #05-45 to Midland Construction, Inc. for the Meadow Street Parking Structure Improvements Project for the amount of $295,153.00 plus a 15% contingency for the total project amount not to exceed $339,426.00. $339,426.00 Cost of this request 2130-9130-5411-00 Account Number 02085 Project Number Budgeted Item 218,304.00 Category/Project Budget 11,680.40 Funds Used to Date 206,623.60 Remaining Balance Budget Adjustment Attached X Parking Deck Rehabilitation Program Category / Project Name Fixed Assets Program / Project Category Name Off -Street Parking Fund Fund Name Departmen 1 'rector City Attomey Date 42/05 2.2.—o,C Mayo Date Previous Ordinance or Resolution # n/a Original Contract Date: n/a Original Contract Number: n/a Received in City Clerk's Office Received in Mayor's Office Comments: Budget Year 2005 • City of Fayetteville, Arkansas Budget Adjustment Form Department: Operations Division: Telecommunications & Parking Program: Off Street Parking Exp • tetc3. en) -°3- Budget °_r Date Requested 6/15/2005 Adjustment Number Project or Item Added/Increased: $132,803 in the Parking Deck Expenditures account in the Parking Deck Rehabilitation capital project. Project or Item Deleted/Reduccd: $132,803 from the Use of Fund Balance account. Justification of this Increase: The funding is for the rehabilita 'on of parking deck located on Meado Str Justificati of this Decrease: There is 06,623.60 remaining 200 The Iproject co -x. d(the habilitation of the I \r/d) ds for this project in ed the anticipated cost deck bK`$132,803.00. In'trease Account Name get (D ease ', v ue Budgej) Account Nber ant Project Number Parking deck expenditures 913 •11 00 132,803 0208 Account Name Decrease Eiei�se Budget (Inert Rev yE Budget) Account Number II A Use of fund balance 2130 0913 4999 99 5 Requested By Approval Signatures Budget ,ms s 675-0 Date Budget Manager Date Date Gros Date Date Date of App Posted to General Ledger Posted to Project Accounting Entered in Category Log Initial 1 to Initial Date Initial Date Initial Date 1 THE AltICAN INSTITUTE OF ARCIICTS Premium Amount Based on Final Contract Amount Bond No. 3833040 AIA Document A312 Performance Bond Ary Insult nbtec. o Caencce Surety. O..w ce Mier wry WWI b cons e' d PVII ✓en SPP LAM CONTRACTOR (Name and Address) MIDLAND CONSTRUCTION, INC. 14571 ZIMMERMAN LANE ROGERS, AR 72756 OWNER (Name and Address): CITY OF FAYETTEVILLE 113 WEST MOUNTAIN SURETY (Name and Pnntiple Place of Business): OHIO CASUALTY INSURANCE COMPANY 136 NORTH THIRD STREET HAMILTON, OH 45025 FAYETTEVILLE, AR 72701 CONSTRUCTION CONTRACT Date: Amount: $ 295,153.00 Description (Name and Location): RESTORATION OF PARKING STRUCTURE LOCATED ON MEADOW STREET BOND Date (Not earlier than Construction Contract Date): July 13th, 2005 Amount: S 295,153.00 Modifications to this Bond: [X] None CONTRACTOR AS PRINCIPAL COMPANY: (Corporate al) MIGLA r"CONS ON, INC. Signature: Name arid We. (Any additional signatures appear on page 3) SURETY COMPANY OHIO CASUALT 1 ' . %NCE COMP L) See Page 3 (Corporate Seal) Sign Name an. 'dle: KIMBERLY L. BABB , Attorney -in -Fact FOR INFORMATION ONLY -Name, Address and Telephone AGENT OR BROKER: Babb Bonding, Inc P.O. Box 6255 Sherwood, AR 72124 OWNERS REPRESENTATIVE (Architect, or Engineer or other party). Walker Parking Consultants 17049 El Camino Real, Ste. 202 Houston, TX 77058, 77, 77 AIA DOCUMENT A312 PERFORMANCE BOND AND PAYMENT BOND DECEMBER 1964 ED., AIA 0 THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVE N.W., WASHINGTON D C. 20009 THIRD PRINTING • MARCH 19137 A 312-1984 1 1. The Contractor and the Surety, jointly and severally, bind themselves, their heirs, executors, ayj�listrators, 'successors, and assigns to the Owner forherformance 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 considenng 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 rights to perform and complete, arrange for completion, or obtain a new contractor and with AIA DOCUMENT A312 PERFORMANCE BOND AND PAYMENT BOND DEC .1 Atter investigation, determine the amount for which it may be liable to the lir and, as soon as practicable after the amount is d_rlined, 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 Contractors 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 aftter 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 - A 312-1974 2 EMBER 1964 ED.. AIA o THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVE., NW , WASHINGTON D.C. 20006 THIRD PRINTING - MARCH 1957 axle to sureties as a aerense In tne funsaictuon 02 tne 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 or any amounts recelvea or to oe receiveo oy the Owner in settlemennsurance or other claims for damages to which t ntractor is entitled, re- duced by all valid and proper payments made to or an 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 PRI Company: • CIPAL SURETY (Corporate Seal) Company Signature: Signat Address: Address. (Co . •rate Seal) KIMBERLL. BABB Attorney -in -Fact ame and Title: AIA DOCUMENT A312 PERFORMANE BOND AN PAYMENT 90ND DECEM9ER 1984 3D AIA 0 THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVE.. N.W. WASHINGTON, D.C. 10008 THIRD PRINTING MARCH 1187 A312-1984 3 • • THE AMERICAN INSTITUTE OF ARCHITECTS Bond No. 3833040 AIA Document A312 Payment Bond Any singular n19r9MY to CMVMp. Surety. Owner or corner piny IM COMiM,W plural *hen cpplic.9H CONTRACTOR (Name and Address): MIDLAND CONSTRUCTION, INC. 14571 ZIMMERMAN LANE ROGERS, AR 72756 OWNER (Name and Address). CITY OF FAYETTEVILLE 113 WEST MOUNTAIN SURETY (Name and Pnnuple Place of Business): OHIO CASUALTY INSURANCE COMPANY 136 NORTH THIRD STREET HAMILTON, OH 45025 FAYETTEVILLE, AR 72701 CONSTRUCTION CONTRACT Date: Amount: $ 295,153.00 Descnption (Name and Location): RESTORATION OF PARKING STRUCTURE LOCATED ON MEADOW STREET BOND Date (Not earlier than Construction Contract Date): July 13th, 2005 Amount: 295,153.00 Modifications to this Bond: x None CONTRACTOR -AS PRINCIPAL SURETY COMPANY MIDLAND Signature: (Corporate Seal) NIN Name and Title: (Any additional signatures appear on page 6) COMPANY See Page 6 (Corporate Seal) OHIO CASUALTY NSU 'NICE COMP f Signature: Name and Titl KIMBERLY L. BABB, Attdrney-in-Fact FOR INFORMATION ONLY -Name, Address and Telephone AGENT OR BROKER: Babb Bonding, Inc P.O. Box 6255 Sherwood, AR 72124 OWNERS REPRESENTATIVE (Architect, Engineer or other party): Walker Parking Consultants 17049 El Camino Real, Ste. 202 Houston, TX 77058,??,?? AA DOCUMENT A312 PERFORMANCE BOND AND PAYMENT BOND DECEMBER 1984 ED., AIAO THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVE, N.W., WASHINGTON, D.0 20001 THIRD PRINTING . MARCH 1957 A312-1984 4 .1. The Contractor and the Surety, joint)severally, bind themselves, their heirs. executors, inistrators, 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 incorpo- rated 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 claims, demands liens or suits by any person or entity whose claim, demand, lien or suit is for the payment for labor, materials, or equipment fur- nished for use in the performance of the Construction Contract, provided the Owner has promptly notified the Contractor and the Surety (at the address described 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 pay- ment, directly 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 addres 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 substantial 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 materials 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 within 30 days of furnishing the above no- tice 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. 6. When the Claimansatisfied the conditions of Paragraph 4, the Sure all promptly and at the Surety's expense 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 challenging 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 prior- ity 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 Claim- ant under this Bond, and shall have under this Bond no obli- gations 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, including changes of time, to the Construction Contract or to related subcontracts, purchase orders and other obligations. 11. No suit or action shall be commenced by a Claimant under this Bond other than in a court of competent juris- diction 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 Subparagraph 4.1 or Clause 4.2.3, 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 Con- struction 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 applicable. 12. Notice to the Surety, the Owner or the Contractor shall be mailed or delivered to the address shown on the signature page. Actual receipt of notice by Surety, the Owner or the Contractor, however accomplished, shall be sufficient 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 6. If a notice required by Paragraph 4 is gven by the Owner to the Contractor or to the Surety, that is sufficient compliance. AIA DOCUMENT A312 PERFORMANCE BOND AND PAYMENT BOND DECEMBER 1984 ED., MAO THE AMERICAN INSTITUTE OF ARCHITECTS. 1735 NEW YORK AVE.. N.W. WASHINGTON, D.C. 20009 THIRD PRINTING . MARCH 1987 A312-1984 5