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}�'3 Document A31 Bond No. RB0058631- 201 0
<br /> Bid Bond
<br /> CONTRACTOR:
<br /> Varne, legal status and address) SURETY:
<br /> Frattalone Companies,Inc. (Ncnne, legal status and principal place of This document has important legal
<br /> 3205 Spruce St. business) consequences. Consultation with
<br /> Saint Paul,MN 55117 an attorney is encouraged with
<br /> Granite Re,Inc. respect to its completion or
<br /> 14001 Quailbrook Drive modification.
<br /> OWNER: Oklahoma City,OK 73134 Any singular reference to
<br /> (Name, legal status and address) Contractor, Surety,Owner or
<br /> other party shall be considered
<br /> plural where applicable.
<br /> City Of Elk River
<br /> BOND AMOUNT:Five Percent of the Bid Amount(5%of Bid Amount)
<br /> PROJECT:Angrimson Property Demolition
<br /> (Name, location or address, and Project number, if any)
<br /> The Contractor and Surety are bound to the Owner in the amount set forth above, for the payment of which the Contractor
<br /> and Suretv bind themselves,their heirs,executors,administrators, successors and assigns,jointly and severally,as provided
<br /> herein.The conditions of this Bond are such that if the Owner accepts the bid of the Contractor within the time specified in
<br /> the bid documents,or within such time period as may be agreed to by the Owner and Contractor,and the Contractor either
<br /> (1)enters into a contract with the Owner in accordance with the terms of such bid,and gives such bond or bonds as may be
<br /> specified in the bidding or Contract Documents,with a surety admitted in the jurisdiction of the Project and otherwise
<br /> acceptable to the Owner, for the faithful performance of such Contract and for the prompt payment of labor and material
<br /> furnished in the prosecution thereof;or(2)pays to the Owner the difference,not to exceed the amount of this Bond,between
<br /> the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to
<br /> perform the work covered by said bid,then this obligation shall be null and void,otherwise to remain in full force and effect.
<br /> The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the
<br /> Owner may accept the bid. Waiver of notice by the Surety shall not apply to any extension exceeding sixty(60)days in the
<br /> aggregate beyond the time for acceptance of bids specified in the bid documents, and the Owner and Contractor shall obtain
<br /> the Surety's consent for an extension beyond sixty(60)days.
<br /> If this Bond is issued in connection with a subcontractor's bid to a Contractor,the term Contractor in this Bond shall be
<br /> deemed to be Subcontractor and the term Owner shall be deemed to be Contractor.
<br /> When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project,any
<br /> provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisicns
<br /> conforming to such statutory or other legal requirement shall be deemed incorporated herein. When so furnished,the intent
<br /> is that this Bond shall be construed as a statutory bond and not as a common law bond.
<br /> Signed and sealed this 7th day of November,2014
<br /> t `
<br /> Frattallone C m ni nc /
<br /> ' X (Principal) r" (Seal)
<br /> (Title) Re,Inc 1
<br /> (Su f (Seal)
<br /> (Witness)
<br /> (T,t ) enmfer
<br /> o les,Al to y i Fact
<br /> bAUTICMII YOU ,! Ok_lki�9;n j,,..,..>rjgn,s AIA Contract ocu �,. .,on v,,Hic-,J z h i s �:""V or,
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<br /> c s� rtcae-�:vv`il not cae aired.
<br /> (nit AIA Document A330'"—2010.Copyright©1963,1970 and 2010 by The American Institute of Architects.All rights reserved.;,,;,t g Fa s = A!;f '
<br /> Purchasers are permitted to reproduce ten(10)copies of this document when completed.To report copyright violations of AIA Contract Documents,e-mail
<br /> The American Institute of Architects'legal counsel,copyright @aia.org. 06110
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