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HomeMy WebLinkAbout93-05 RESOLUTION• RESOLUTION NO. 93-05 A RESOLUTION APPROVING A CONSTRUCTION CONTRACT WITH C-2 PROJECTS LLC IN THE AMOUNT OF $1,169,336.25 FOR THE GREGG AVENUE WATER SYSTEM IMPROVEMENTS; APPROVING A 10% PROJECT CONTINGENCY IN THE AMOUNT OF $116,933.00; AND APPROVING A BUDGET ADJUSTMENT IN THE AMOUNT OF $544,391.00 FOR SAME. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY FAYETTEVILLE, ARKANSAS: OF Section 1. That the City Council of Fayetteville, Arkansas, hereby approves a construction contract with C-2 Projects LLC in the amount of $1,169,336.25 for the Gregg Avenue Water System Improvements. A copy of the contract marked Exhibit "A" is attached hereto and made a part hereof. Section 2. That the City Council of Fayetteville, Arkansas, approves a 10% project contingency in the amount of $116,933.00. Section 3. That the City Council of Fayetteville, Arkansas, approves a budget adjustment in the amount of $544,391.00 for same. PASSED and APPROVED this 3rd day of May, 2005. ATTEST: By: ��.�`�ORK/TR4''o,. G\ •l'op .c• .•C\CY OF t U • F•ly : FAYETIEVILLE : tom:• 5:> IP.QKANSP. Jam:' SON RA SMITH, City Clerk APPROVE By: hereby hereby DAN COODY, Mayor • • Section 00500 AGREEMENT BETWEEN OWNER AND CONTRACTOR THIS AGREEMENT is dated as of the 3 rd day of /nit in the year 2005 by and between the City of Fayetteville, Arkansas (hereinafter called FAYETTEVILLE) and C-2 Projects, LLC (hereinafter called CONTRACTOR). FAYETTEVILLE and CONTRACTOR, in consideration of the mutual covenants hereinafter set forth, agree as follows: Article 1. WORK. CONTRACTOR shall complete all Work as specified or indicated in the Contract Documents. The Work is generally described as follows: Gregg Avenue Water System Improvements — Phase II City of Fayetteville, Arkansas Article 2. ENGINEER. The Project has been designed by: Garver Engineers, LLC 1088 East Millsap Road Fayetteville, AR 72703 who is hereinafter called ENGINEER and who is to act as FAYETTEVILLE's representative, assume all duties and responsibilities, and have the rights and authority assigned to ENGINEER in the Contract Documents in connection with completion of the Work in accordance with the Contract documents. Article 3. CONTRACT TIME. 3.1. The Work shall be substantially completed within 150 consecutive calendar days after the date when the Contract Time commences to run as provided in paragraph 2.03 of the General Conditions, and fully completed and ready for final payment in accordance with paragraphs 14.07 B & C of the General Conditions within 180 consecutive calendar days after the date when the Contract Time commences to run. If delays in utility relocations by others impede the Contractor's progress for major Contract items and/or items critical to the prosecution of the work within the Contract Time, the Contract Time will be temporarily suspended or adjusted by the City as appropriate. During such periods, the Contractor will be allowed to work on minor Contract items, as approved by the City, without spending Contract Time. 00500 Contract.doc 00500-1 Garver Project No. 0296-3600(2) • • 3.2. Liquidated Damages. FAYETTEVILLE and CONTRACTOR recognize that time is of the essence of the Agreement and that FAYETTEVILLE will suffer financial loss if the Work is not completed within the times specified in paragraph 3.1 above, plus any extensions thereof allowed in accordance with Article 12 of the General Conditions. They also recognize the delays, expense and difficulties involved in proving the actual loss suffered by FAYETTEVILLE if the Work is not completed on time. Accordingly, instead of requiring any such proof, Fayetteville and CONTRACTOR agree that as liquidated damages for delay (but not as a penalty) CONTRACTOR shall pay FAYETTEVILLE Five Hundred dollars ($500.00) for each day that expires after the time specified in paragraph 3.1 for substantial completion, if CONTRACTOR shall neglect, refuse, or fail to complete the remaining work within the time specified in paragraph 3.1 for completion and readiness for final payment or any proper extension thereof granted by FAYETTEVILLE, CONTRACTOR shall pay FAYETTEVILLE Five Hundred dollars ($500.00) for each day that expires after the time specified in paragraph 3.1 for completion and readiness for final payment. Article 4. CONTRACT PRICE. FAYETTEVILLE agrees to pay, and the CONTRACTOR agrees to accept, as full and final compensation for all work done under this agreement, the amount based on the prices bid in the Proposal which is hereto attached, for the actual amount accomplished under each pay item, said payments to be made in lawful money of the United States at the time and in the manner set forth in the Specifications. As provided in paragraph 11.03 of the General Conditions estimated quantities are not guaranteed, and determinations of actual quantities and classifications are to be made by ENGINEER as provided in paragraph 9.08 of the General Conditions. Unit prices have been computed as provided in paragraph 11.03.B of the General Conditions. 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. Article 5. PAYMENT PROCEDURES 5.1. Progress Payments. FAYETTEVILLE shall make periodic progress payments on the basis of Work completed as provided in paragraph 14.02 of the General Conditions and SC - 14.02 of the Supplementary Conditions. Prior to Final Completion, progress payments will be made in an amount equal to the value of completed Work, plus the value of stored materials, less retainage, less the aggregate of payments previously made, and less such amounts as FAYETTEVILLE may withhold, in accordance with paragraphs 14.02.B.5 & 14.02.D of the General Conditions: Retainage: FAYETTEVILLE will retain ten percent of the value of completed Work until such time as 50 percent of the Work has been completed. If 50 percent of the Work has been completed, as determined by ENGINEER, and if the character and progress of the Work have been satisfactory to FAYETTEVILLE, retainage will be 00500 Contract.doc 00500-2 Garver Project No. 0296-3600(2) • • fixed at five percent of the Contract Price. FAYETTEVILLE reserves the right to reinstate retainage at ten percent if the character and progress of the Work become unsatisfactory to FAYETTEVILLE. Stored Materials: FAYETTEVILLE will pay 100 percent of the value of materials and equipment not incorporated in the Work but delivered, suitably stored, insured, and accompanied by documentation satisfactory to FAYETTEVILLE as provided in paragraphs 14.02.B.5 & 14.02.D of the General Conditions. 5.2 Final Payment. Upon final completion and acceptance of the Work in accordance with paragraphs 14.06 and 14.07.B & C of the General Conditions, FAYETTEVILLE shall pay the remainder of the Contract Price as recommended by ENGINEER as provided in said paragraphs 14.07.B & C. Article 6. CONTRACTOR'S REPRESENTATIONS. In order to induce FAYETTEVILLE to enter into this Agreement CONTRACTOR makes the following representations: 6.1. CONTRACTOR has examined and carefully studied the Contract Documents (including the Addenda listed in Article 7) and the other related data identified in the Bidding Documents including "technical data." 6.2. CONTRACTOR 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. 6.3. CONTRACTOR 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. CONTRACTOR 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 structures at or contiguous to the site which have been identified in the Supplementary Conditions as provided in paragraph 4.02.A of the General Conditions. CONTRACTOR accepts the determination set forth in paragraph SC - 4.02 of the Supplementary Conditions of the extent of the "technical data" contained in such reports and drawings upon which CONTRACTOR is entitled to rely as provided in paragraph 4.02 of the General Conditions. CONTRACTOR acknowledges that such reports and drawings are not Contract Documents and may not be complete for CONTRACTOR's purposes. CONTRACTOR acknowledges that FAYETTEVILLE and ENGINEER 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. CONTRACTOR has obtained and carefully studied (or assumes responsibility for having done so) all such additional supplementary examinations, investigations, explorations, tests, studies, and data concerning 00500 Contractdoc 00500-3 Garver Project No. 0296-3600(2) • • conditions (surface, subsurface, and Underground Facilities) at or contiguous to the site or otherwise which may affect cost, progress, performance, or famishing of the Work or which relate to any aspect of the means, methods, techniques, sequences, and procedures of construction to the employed by CONTRACTOR and safety precautions and programs incident thereto. CONTRACTOR 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 terms and conditions of the Contract Documents. 6.5. CONTRACTOR is aware of the general nature of work to be performed by FAYETTEVILLE and others at the site that relates to the Work as indicated in the Contract Documents. 6.6. CONTRACTOR has correlated the information known to CONTRACTOR, information and observations obtained from visits to the site, reports and drawings identified in the Contract Documents, and all additional examinations, investigations, explorations, tests, studies, and data with the Contract Documents. 6.7. CONTRACTOR has given ENGINEER written notice of all conflicts, errors, ambiguities, or discrepancies that CONTRACTOR has discovered in the Contract Documents and the written resolution thereof by ENGINEER is acceptable to CONTRACTOR and the Contract Documents are generally sufficient to indicate and convey understanding of all terms and conditions for performance and furnishing of the Work. Article 7. CONTRACT DOCUMENTS The Contract Documents which comprise the entire agreement between FAYETTEVILLE and CONTRACTOR conceming the Work consist of the following: 7.1. This Agreement (pages 1 to 6, inclusive). 7.2. Performance and Payment Bonds, (Exhibit A). 7.3. Certificates of Insurance, (Exhibit B). 7.4. General Conditions (pages 1 to 40, inclusive). 7.5. Supplementary Conditions (pages 1 to 15, inclusive). 7.6. Specifications consisting of Sections as listed in Table of Contents herein. 7.7. Addenda numbers 1 to 2 , inclusive. 7.8. Drawings (not attached hereto) consisting of a cover sheet and sheets numbered 1 through 21, inclusive with each sheet bearing the following general title: 00500 Contract.doc 00500-4 Garver Project No. 0296-3600(2) City of Fayetteville Gregg Avenue Water System Improvements — Phase II 7.9. The following which may be delivered or issued after the Effective Date of the Agreement and are not attached hereto: 7.9.1. Notice to Proceed 7.9.2. All Written Amendments and other documents amending, modifying or supplementing the Contract Documents pursuant to paragraph 3.04 of the General Conditions. The documents listed in paragraphs 7.2 et seq. above are attached to this Agreement (except as expressly noted otherwise above). There are no Contract Documents other than those listed above in this Article 7. The Contract Documents may only be amended, modified or supplemented as provided in paragraph 3.04 of the General Conditions. Article 8. MISCELLANEOUS. 8.1. Terms used in the Agreement which are defined in Article 1 of 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 Documents will be binding on another party hereto without the written consent 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 Documents. 8.3. FAYETTEVILLE and CONTRACTOR each binds itself, its 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 Documents. 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 that comes as close as possible expressing the intention of the stricken provision. 8.5 Freedom of Information Act: City contracts and documents prepared while performing city contractual work are subject to the Arkansas Freedom of Information Act. If a Freedom of Information Act request is presented to the City of Fayetteville, the Contractor will do everything possible to provide the documents in a prompt and timely manner as prescribed in 00500 Contract.doc 00500-5 Garver Project No. 0296-3600(2) • • Freedom of Information Act (A.C.A. §25-19-101 et seq.). Only legally authorized photocopying costs pursuant to the FOIA may be assessed for this compliance. IN WITNESS WHEREOF, FAYETTEVILLE and CONTRACTOR have signed this Agreement in six (6) counterparts. One counterpart each has been delivered to FAYETTEVILLE and ENGINEER, and two counterparts have been delivered to CONTRACTOR. All portions of the Contract Documents have been signed, initialed, or identified by FAYETTEVILLE and CONTRACTOR or identified by ENGINEER on their behalf. This Agreement will be effective on /nay 3 2005 (which is the Effective Date of the Agreement). OWNER: ` tty of F ett By: Mayor olo`��.��tKITR9 t,, G•'��SY o, Lp zU: F•ps [CO1iETORlfp'PEI$EAIL ITE : %9s•:'KANNee Jam,., N . Attest �n^^ Attest Attest `" _ CONTRACTOR: C-2 PROJECTS, LLC Title Ce Or4lve SecL\ [CORPORATE SEAL] Address for giving notices (If FAYETTEVILLE is a public body, attach evidence of authority to sign and resolution or other documents authorizing execution of Agreement.) Accelerated Waterlines Work Order No. 2 Address for giving notices License No. 01 5 5 81 0 4 0 5 Agent for service of process: (If CONTRACTOR is a corporation, attach evidence of authority to sign) 00500 (6) Garver No. 0296-3500 Budget Year 2005 • City of Fayetteville, Arkansas Budget Adjustment Form Department: Water & Wastewater Division: Water & Sewer Maintenance Program: Capital Water Mains • Date Requested 5/3/2005 Adjustment Number Project or Item Added/Increased: $544,391 is requested for the Gragg Avenue Water System Improvement project. Project or Item Deleted/Reduced: None. Use of fund balance is proposed. Justification of this Increase: Cost has increased from the original budget due to an extended time frame. Justification of this Decrease: Sufficient funding remains to comply with City policies. Increase Expense Budget (Decrease Revenue Budget) Account Name Account Number Amount Project Number Water line improvements 5400 5600 5808 00 Account Name 544,391 02129 1 Decrease Expense Budget (Increase Revenue Budget) Account Number Amount Use of fund balance 5400 0940 4999 99 544,391 Project Number Approval Signatures Requested By Date Budget Manager Date Depart - nt 1 tor Finance & Internal ices Director Mayor Date Date Budget Office Use Only Type: A B C E Date of Approval Posted to General Ledger Posted to Project Accounting Entered in Category Log Initial Date Initial Date Initial Date Initial Date • • • THE AMERICAN INSTITUTE OF ARCHITECTS Bond # S333842 AMA Document A312 Performance Bond Any singular reference to Contractor, Surety, Owner or otner party shall be considered plural where applicable. CONTRACTOR (Name and Address): Jimmy A. Patton Contractor, Inc. 11900 Arch Street Pike Little Rock, Arkansas 72206 OWNER (Name and Address): City of Fayetteville, Arkansas 113 W. Mountain Street Fayetteville, Arkansas 72701 SURETY (Name and Principal Place of Business): Employers Mutual Casualty Company P.O. Box 8550 Kansas City, Missouri 64114 CONSTRUCTION CONTRACT Date: �t�"',��.."".........� aF{ii Amount: SIX HUNDRED EIGILII�iyt,@)U'�' * ON: HUNDRED THIRTY-SEVEN AND 95/100THS Dollars (5688,137.95) f;Hazardous Materials/Asbestos Abatement and Demolition for st Square Redevelopment District #1 (J 5): HUNDRED TIIIR'TV-SEVEN AND 95/100THS Dollars (S688,137.95) IN None ❑ See Page 3 Description (Name and lC� Q BOND Date (Not earlier than cpn Amount: six HUNDRED Cal Modifications to this Bc* CONTRACTOR AS PRINCIPA4b, Company: Jimmy A. P Signature Nam SURETY Company: (Corporate Seal) ployers Mutual Casualty Company H Signature Name and Title Name lir ait e:R5i4ert (Any • •• tional signatures appear on page 3) Carla Sue Hollis Attorney -In -Fact (FOR INFORMATION ONLY—Name, Address and Telephone) AGENT or BROKER: OWNER'S REPRESENTATIVE (Architect, Engineer or Ramsey, Krug, Farrell & Lensing P.O. Box 251510 Little Rock, AR 72225 (501) 664-7705 other party): Environmental Enterprise Group 220 North Knoxville Russellville, AR 72801 AIA DOCUMENT A312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 1984 ED. • AIA Q THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVE, N.W., WASHINGTON. D.C. 20006 THIRD PRINTING • MARCH 1987 Mntrn t 372 110.1171 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 :s 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. Sucn Contractor Default shall not be de- clared earlier than twenty days after the Contractor and the Surely have received notice as provided in Sub- paragraph 3.1; and 3.3 The Owner nas 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 Cont rant 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 Ariange 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 fur a contract for performance and completion of the Con- struction Contract, arrange for a contract to he 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 darnages 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 anv 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 he 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 i( the Surety elects to act under Subparagraph 4.1, 4.2, or 4.3 above, then the responsibilities of the Surely 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 fur 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 ii 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 - AIA DOCUMENT A312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 11384 ED. • AIA a THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 \EW YORK AYE. N.w' . WASHING1ON. D.C. NM THIRD PRINTING • MARCH 1982 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 Cnn- 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: (Corporate Seal) Signature: Name and Title: Address: SURETY Company: (Corporate Seal) Signature: Name and Title: Address: AIA DOCUMENT A312 • PERFORMANCE BOND AND PAYMENT BOND • DICE\IBER 1981 ED. • MA ft THE AMERICAN INSTITUT( Of ARCHITECTS, 1735 NEW YORK AVI., N.W.. WASHINGTON, U.C. 20006 THIRD PRINTING • MARCH 19A7 A312-1984 3 • • THE AMERICAN INSTITUTE OF ARCHITECTS Bond # S333842 AIA Document A312 Payment Bond Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. CONTRACTOR (Name and Address): Jimmy A. Patton Contractor, Inc. 11900 Arch Street Pike Little Rock, Arkansas 72206 OWNER (Name and Address): City of Fayetteville, Arkansas 113 W. Mountain Street Fayetteville, Arkansas 72701 CONSTRUCTION CONTRACT Date: .•••a•rn=.♦♦♦ Amount: SIX IIUNDRED Description (Name and Lo4ctr BOND = Q Date (Not earlier than Amount: SIN IIUNDRED E Modifications to this $orxth 0 PV �% rtsiEcet SURETY (Name and Principal Place of Business): Employers Mutual Casualty Company P.O. Box 8550 Kansas City, Missouri 64114 ,,gNF. ,lllINDRED 7111 R'I'\'-SEVEN AND 95/IOOTIIS Dollars ($688,137.95) If Hazardous Materials/Asbestos Abatement and Demolition for 1st Square Redevelopment District 41 O: ;I;ICII'l TIIOUSAN .n CONTRACTOR AS PRINCIPAL eer.gRKANSP`9, �'•''• ' Company: ltbtVdtatal) Jimmy A. P Signature Name a (Any a ontractor, Inc. 0 IIUNDRED 'El -HDTV -SEVEN AND 95/100'1'115 Dollars ( 5688,137.95 ) onal signatures appear on page 6) IX None 0 See Page 6 SURETY Company: (Corporate Seal) plovers Mutual Casualty Company Signature �0� Ho ��" Name and Title: Carla Sue Hollis Attorney -In -Fact (FOR INFORMATION ONLY—Name, Address and Telephone) AGENT or BROKER: Ramsey, Krug, Farrell & Lensing P.O. Box 251510 Little Rock, AR 72225 (501) 664-7705 OWNER'S REPRESENTATIVE (Architect, Engineer or other party): Environmental Enterprise Group 220 North Knoxville Russellville, AR 72801 AIA DOCUMENT A312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 1984 ED. • AIA S THE AMERICAN INSTITUTE OF ARCHITECTS. 1735 NEW YORK AVL, N.W., WASHINGTON. D.C. 2E006 TH:RD PRINTING • MARCH 1987 Contract 373 112.87) 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 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 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 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. 5 If a notice required by Paragraph 4 is given by the Owner to the Contractor or to the Surety, that is suffi- cient compliance. • 6 When the Claimant has satisfied the conditions of Paragraph 4, the Surety shall 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 ainount 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 42.3, 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 AIA DOCUMENT A312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 1984 ED. • AIA1 THE AMERICAN INSTITUTE Of ARCHITECTS, 1735 NEw YORK AVE 7:3v WASHINGTON. D.C. 20006 THIRO PRINTING • MARCH 1987 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 SURETY Company: (Corporate Seal) Company: (Corporate Seal) Signature: Signature Name and Title: Name and Title: Address: Address: AIA DOCUMENT A312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 19134 ED. • AIA 3 THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK .AVE., NAV., WASHINGTON, O.C. 20006 THIRD PRINTING • MARCH 1987 A312-1984 6 THE FACE OF THIS DOCUMENT HAS A COLORED BACKGRF 'T) ON WHITE PAPER • BACK OF THIS DOCUMENT HAS A SI•""ATED WATERMARK - HOLD AT AN ANGLE TO VIEW. C Insurance Companies No. '623124 P.O. Box 712 • Des Moines, IA 50303-0712 CERTIFICATE OF AUTHORITY INDIVIDUAL ATTORNEY-IN-FACT KNOW ALL MEN BY THESE PRESENTS, that 1. Employers Mutual Casualty Company, an Iowa Corporation 2. EMCASCO Insurance Company, an Iowa Corporation 3. Union Insurance Company of Providence, an Iowa Corporation 4. Illinois EMCASCO Insurance Company, an Iowa Corporation hereinafter referred to severally as "Company" and collectively as "Companies", each does, by these presents, make, constitute and appoint. TIMOTHY P. FARRELL, CAROLYN HUNTER, MICHAEL D. HALTER, TRACI HANKINS, KEVIN BRUICK, RANDY''IRVIN, ALFRED L. WILLIAMS, CARLA SUE HOLLIS, CHARLES M. ALLEN, G. ROBERT SMITH, DALE E. TEMPLE, INDIVIDUALLY, LITTLE ROCK, ARKANSAS its true and lawful attomey-in-fact, with full power and authority conferred to sign, seal, and execute its lawful bonds, undertakings, and other obligatory instruments of a similar nature as follows IN AN AMOUNT NOT EXCEEDING TEN MILLION DOLLARS :($10,000,000.00), and to bind each Company thereby as fully and to the same extent as if such instruments were signed by the duly authorized officers of each such Company, and all of the acts of said attorney pursuant to the authority hereby given are hereby ratified and confirmed. 5. Dakota Fre Insurance Company, a North Dakota Corporation 6. EMC Property S Casualty Company, an Iowa Corporation 7. The Hamilton Mutual Insurance Company, an OhioCorporation April 1, 2008 The authority hereby granted shall expire unless sooner revoked. AUTHORITY FOR POWER OF ATTORNEY This Power -of -Attorney is made and executed pursuant to and by the authority of the following resolution of the Boards of Directors of each of the Companies at a regularly scheduled meeting of each company duly called and held in 1999: RESOLVED; The President and Chief Executive Officer, any Vice President, the Treasurer and the Secretary of Employers Mutual Casualty Company shall have power and authority to (1) appoint attorneys -in -fact and authorize them to execute on behalf of each Company and attach the seal of the Company thereto, bonds and undertakings, recognizances, contracts of indemnity and other writings obligatory in the nature thereof, and (2) to remove any such attorney-in-fact at any time and revoke the power and authority given to him or her. Attomeys-in-fact shall have power and authority, subject to the terms and limitations of the power-of-attorney issued to them, to execute and deliver on behalf of the Company, and to attach the seal of the Company thereto, bonds and undertakings, recognizances, contracts of indemnity and other writings obligatory in the nature thereof, and any such instrument executed by any such attomey-in-fact shall be fully and in all respects binding upon the Company. Certification as to the validity of any power-of-attorney authorized herein made by an officer of Employers Mutual Casualty Company shall be fully and in all respects binding upon this Company. The facsimile or mechanically reproduced signature of such officer, whether made heretofore or hereafter, wherever appearing upon a certified copy of any power -of attorney of the Company, shall be valid and binding upon the Company with the same force and affect as though manually affixed. INMESS WHEREOF, the Comes have caused these ents to be signed for each by their officers as shown, and the Corporate seals to be hereto affixed this day of Seals •`S�p 11NSUg4 a5. a''''''tet' 1� = W; toio? €3 SEAL 4 yoO.,•• 00 '•, 0 1:„ SEAL : • ,• ,sowN .74Z. ▪ etP 0X1 fp.c▪ r SEAL i0 • •T,OP"0 POPPOM4�, 04c c:i :-t a 1953€-_ ...? • ,„„ • 'OWP o` aU1U41 �''. ;4`4 SEAL .' 0' • ,,.. ', P S'HpIN;S\0, RUTA KRUMINS Commission Number 176255 My Comm. Exp. Sept. 30.2006 Bruce G. Kelley, Chairman of Companies 2, 3, 4, 5 & 6; resident of Company 1; Vice Chairman and CEO of Company 7 Jeffrey S. Birdsley Assistant Secretary Onthis27th day of January AD 2005 before me a Notary Public in and for the State of Iowa, personally appeared Bruce G. Kelley and Jeffrey S. Birdsley, who, being by me duly sworn, did say that they are, and are known to me to be the Chairman, President, Vice Chairman and CEO, and/or Assistant Secretary, respectively, of each of The Companies above; that the seals affixed to this instrument are the seals of said corporations; that said instrument was signed and sealed on behalf of each of the Companies by authority of their respective Boards of Directors; and that the said Bruce G. Kelley and Jeffrey S. Birdsley, as such officers, acknowledge the execution of said instrument to be the voluntary act and deed of each of the Companies. My Commission Expires September 30, 2006. ice................-.� CERTIFICATE I, David L. Hixenbaugh, Vice President of the Companies, do hereby certify that the foregoing resolution of the Boards of Directors by each of the January 27, 2005 Notary Public in and for the State of Iowa Companies, l td44i f f' "I"ag at,TAi'dMeg16R4 'I?4 drfatgle6 on behalf of • . 1 . TIT , .• -•TI 1 are: We and correct and are still in full force and effect. Carla Sue Hollis, Charles M Allen, G. Robert Smith, Dale E. Temple In Testimony Whereof I have subscnbed my name and affixed the facsimile seal of each Company this day of Form 1832 (9/02) "For verification of the authenticity of the Power of Attorney you may call 515) 280-2689.” Vice -President • • THE AMERICAN INSTITUTE OF ARCHITECTS Bond # S333842 AIA Document A372 Performance Bond Any singular reference to Contractor, Surety, Owner or otner party shall be considered plural where applicable. CONTRACTOR (Name and Address): Jimmy A. Patton Contractor, Inc. 11900 Arch Street Pike Little Rock, Arkansas 72206 OWNER (Name and Address): City of Fayetteville, Arkansas 113 W. Mountain Street Fayetteville, Arkansas 72701 SURETY (Name and Principal Place of Business): Employers Mutual Casualty Company P.O. Box 8550 Kansas City, Missouri 64114 CONSTRUCTION CONTRACT Date: Amount: SIN HUNDRED EIGII'1'1-JWW 171901 .ND ONE HUNDRED I IIIR rl -SE \ EN AND 95/100THS Dollars (5688,137.95) Description (Name and Loch of Hazardous Materials/Asbestos Abatement and Demolition for $ Ppl6 •1\ast Square Redevelopment District #1 BOND Q O � C� Date (Not earlier than iambfiction 4 0 S into:THIRTY-SEVENfr): Amount: SIX HUNDRED C ll{.h71tLLi [7j'Ol■SJAN Sn�: HUNDREDTHIRTY-SEVENAND 95/100'r11S Dollars (5688,137.95) Modifications to this Be _; i$ None 0 See Page 3 0 Z. CONTRACTOR AS PRINCIPN. Company: °'o,41, •.... Jimmy A. Paton ractor, Inc. Signature Name an Preside, .. (Any adnal signatures appear on page 3) SURETY Company: (Corporate Seal) Employers Mutual Cay1alty Company Signatu re Name and Title: Carla Sue Hollis Attornev-In-Fact (FOR INFORMATION ONLY—Name, Address and Telephone) AGENT or BROKER: Ramsey, Krug, Farrell & Lensing P.O. Box 251510 Little Rock, AR 72225 (501) 664-7705 OWNER'S REPRESENTATIVE (Architect, Engineer or other party): Environmental Enterprise Group 220 North Knoxville Russellville, AR 72801 AIA DOCUMENT A312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 1984 ED. • AIA d THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVE.. NW., WASHINGTON. D.C. 2E006 THIRD PRINTINC • MARCH 1987 Cnnrr.c, 372 119.'171 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 :s 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. Sucn Contractor Default shall not he 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 as 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 he 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 i1 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- sul:ing 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 Iwo 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 - AIA DOCUMENT A312 • PERFOB.MANCE BOND AND PAYMENI BOND • DECEMBER 1984 ED. • AIA THE AMERICAN IN$TITUTF OF ARCHITECTS, 1735 NEW YORK AVE.. N.w , WA$HINGI ON, D.C. 2004 b THIRD PRINTING • MARCH 1987 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 SURETY Company: (Corporate Seal) Company: (Corporate Seal) Signature: Signature: Name and Title: Name and Title: Address: Address: MA DOCUMENT A312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 1984 ID. • MA P THE AMERICAN INSTITUTE Or ARCHITECTS, 1735 NEW YORK AVI., N.W.. WASHINGTON, U.C. 20006 THIRD PRINTINC • MARCH 1987 A312-1984 3 THE AMERICAN INSTITUTE OF ARCHITECTS Bond # S333842 AIA Document A312 Payment Bond Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. CONTRACTOR (Name and Address): Jimmy A. Patton Contractor, Inc. 11900 Arch Street Pike Little Rock, Arkansas 72206 OWNER (Name and Address): City of Fayetteville, Arkansas 113 W. Mountain Street Fayetteville, Arkansas 72701 CONSTRUCTION CONTRACT Date: Amount: SIX HUNDRED EIGHTY-EIGHT THOUSAND Description (Name and Location's.,.` tt • Date (Not earlier than Cons tifct Amount: SIX HUNDRED EIGHTS -r Modifications to this Bond. •� • CONTRACTOR AS PRINCIPAL ,%) Company: ••J•Co Jimmy A. Pa BOND SURETY (Name and Principal Place of Business): Employers Mutual Casualty Company P.O. Box 8550 Kansas City, Missouri 64114 ONE HUNDRED THIRTY-SEVEN AND 95/IOOTIIS Dollars ($688,137.95) Itg4 Hazardous Materials/Asbestos Abatement and Demolition Tor � ,Square Redevelopment District #1 O• • 1 'DRED THIRTY-SEVEN AND 95/100THS Dollars ( S688,137.95 ) • None CJ See Page 6 1. SURETY Company: (Corporate Seal) Employers Mutual Casualty Company Signature. Name and Title: Carla Sue Hollis Attornev-In-Fact Signature Name and ractor, Inc. ••• �i�iv �• .••� b 1/ (Any a.: Tonal signatures appear on page 6) (FOR INFORMATION ONLY—Name, Address and Telephone) AGENT or BROKER: Ramsey, Krug, Farrell & Lensing P.O. Box 251510 Little Rock, AR 72225 (501)664-7705 OWNER'S REPRESENTATIVE (Architect, Engineer or other party): Environmental Enterprise Group 220 North Knoxville Russellville, AR 72801 MA DOCUMENT A312 • PERFORMANCE BOND AND PAYMENT BOND • DECEMBER 1984 ED. • AIA A THE AMERICAN INSTITUTE OF ARCHITECTS. 1735 NEW YORK AVL, N.W., WASHINGTON. D.C. 20006 THIRD PRINTING • MARCH 1987 Contract 373 (12.87) 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 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 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 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. 5 If a notice required by Paragraph 4 is given by the Owner to the Contractor or to the Surety, that is suffi- cient compliance. 6 When the Claimant has satisfied the conditions of Paragraph 4. the Surety shall 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 41 or Clause 42.3, or (2) on which the last labor or service was performed by anyone or the last mate- rials aterials 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 AIA DOCUMENT A312 • PERFOR.MANCE BOND AND PAYMENT BOND • OECEm18ER 1984 ED. • AIA' THE AMERICAN INSTITUTE 01 ARCHITECTS, 1733 NEW YORK AVE . N W, WASHINGTON. D.C. 20006 THIRD PRINTING • MARCH 1987 A312-1984 5