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Houlton Conservation Area Bank Protection — Mississippi Site <br />Elk River, Minnesota <br />Performance Bond <br />Bond No. <br />KNOW ALL PERSONS BY THESE PRESENTS; That <br />a(corporarion, a parmership, or an individual), hereafter called Contractor, and <br />(Name of Surety) <br />(Address of Suret�T) <br />hereinafter called SuretyT, are held and firmlyT bound unto <br />City of Elk River <br />13065 Orono Parkway, Elk River, MN 55330 <br />hereinafter called Owner, in the aggregate penal sum of <br />in la`vful moneyT of the United States, for the <br />payment of which sum well and trulyr to be made, we bind ouYselves, our heirs, executors, <br />administrators, successors, and assigns, jointlyT and severally, firmlyT by these presents. <br />THE CONDITION OF THIS OBLIGATION is based upon a certain contract by and bet�veen <br />Contractor and Owner dated the da�T of , 2023, a cop�r of which is hereto attached <br />and made a part hereof, for the construction of Houlton Conservation Area Bank Protection — <br />Mississippi Site, generally described as follows: <br />Construct various sections of bituminous and concrete trails in accordance �vith the plans <br />and specifications. <br />NOW THEREFORE, if Contractor �vell, trulyT and faithfull�T performs its duties, all the undertakings, <br />covenants, terms, conditions, and agreements of said contract during the original terms thereof, and <br />any extensions thereof which mayT be granted by Owner, with or without notice to SuretyT, and during <br />the Two (2) year(s) guarantee and maintenance period, and if it satisfies all claims and demands <br />incurred under such contract, and fu11�T indemnifies and saves harmless the Owner from all costs and <br />damages which Owner mayT suffer byT reason of its failure to do so, and it reimburses and repayTs O�vner <br />Performance Bond <br />