4.2 SR 01-02-2024 - Laserfiche WebLink

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Rolling Hills Pond Dredging Ell< River, Minnesota SECTION 00615 Payment Bond Bond No. KNOW ALL PERSONS BY THESE PRESENTS; That a (corporation, a partnership, or an individual), hereafter called Contractor, and (Name of Surety) (Address of Surety) hereinafter called Surety, are held and firmly bound unto City of Elk River 13065 Orono Parkway, Elk River, MN 55330 hereinafter called Owner, and unto all persons, firms and corporations who or which may furnish labor or materials, as defined in Minnesota Statute 574, to perform as described under the contract and to their successors and assigns in the total aggregate penal sum of in lawful money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THIS OBLIGATION is based upon a certain contract by and between Contractor and Owner dated the day of , 2023, a copy of which is hereto attached and made a part hereof, for the construction of Rolling Hills Pond Dredging, generally described as follows: Improve various sections of bituminous by means of mill and overlay and/or full depth reclamation. NOW, THEREFORE, if the Contractor promptly makes payment to all persons, firms, Subcontractors, and corporations furnishing materials for or performing labor in the prosecution of the Work provided for in such contract and any authorized extension or modification thereof, including all amounts due for materials, lubricants, oil, gasoline, coal and coke, repairs on machinery, equipment and tools, consumed or used in connection with the construction of such Work, and all insurance premiums on said Work, and for all labor, performed in such Work whether by Subcontractor or otherwise, then this obligation shall be void; otherwise to remain in full force and effect. Payment Bond 00615 - 1