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HomeMy WebLinkAboutCP1923 Performance Bondr Bond No. CA 1828085Lyn>Premium: $632.00 GREAT i,1Rf(LIJ INSURANCE GROUP CINCINNATI,OHIO PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS,that we, Cannon Constructors,Inc. as principal,and the GREAT AMERICAN INSURANCE COMPANY,a corporation organized under the laws of the State of Ohio and duly authorized to transact business in the State of Washington as Surety,are held and firmly bound unto City of Auburn as Obligee, in the sum of Sixty-One Thousand One Hundred Twenty-Two Thousand&22/100 Dollars ($ 61,122.22 for the payment whereof well and truly to be made the Principal and Surety bind themselves,their heirs,executors,administrator, successors, and assigns,jointly and severally, firmly by these presents. SIGNED, sealed and dated this 13th day of November , 2020 WHEREAS the Principal and the Obligee have entered into a written contract,hereinafter called the Contract, a copy of which is or may be attached hereto,dated the day of for Utility Pole Removal and Associated Electrical Work,Project No.CP1923 NOW,THEREFORE,the condition of the foregoing obligation is such that if the Principal shall indemnify the Obligee for all loss that the Obligee may sustain by reason of the Principals failure to complete the work in accordance with the terms of the contract,then this obligation shall be void; otherwise it shall remain in force. PROVIDED, HOWEVER,it shall be a condition precedent to any right of recovery hereunder that, in event of any default on the part of the Principal,a written statement of the particular facts showing the date and nature of such default shall be immediately given by the Obligee to the Surety and shall be forwarded by registered mail to the Surety at its Administrative Office at 301 E.Fourth Street,Cincinnati,Ohio 45202. AND PROVIDED FURTHER,that no action, suit or proceeding,except as hereinafter set forth,shall be had or maintained against the Surety on this instrument unless the same be brought or instituted and process served upon the Surety within twelve months after completion of the work mentioned in said contract,whether such work be completed by the Principal, Surety or Obligee;but if there is any maintenance or guarantee period provided in the contract for which said Surety is liable, an action for maintenance may be brought within six months from the expiration of the maintenance period,but not afterwards. Cannon Constructors_Inc. GREAT AMERICAN INSURANCE COMPANY Principal By Ill 7 t Y 0 By: W att Jill A.Wallace ,Attorney-in-Fact Perf Bond F9608D-(3/1 1) GREAT AMERICAN INSURANCE COMPANY® Administrative Office: 301 E 4TH STREET • CINCINNATI, OHIO 45202 • 513-369-5000 • FAX 513-723-2740 The number of persons authorized by this power of attorney is not more than SEVEN No.0 21357 POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS: That the GREAT AMERICAN INSURANCE COMPANY,a corporation organized and existing under and by virtue of the laws of the State of Ohio,does hereby nominate,constitute and appoint the person or persons named below,each individually if more than one is named,its true and lawful attorney-in-fact,for it and in its name,place and stead to execute on behalf of the said Company,as surety,any and all bonds, undertakings and contracts of suretyship,or other written obligations in the nature thereof;provided that the liability of the said Company on any such bond, undertaking or contract of suretyship executed under this authority shall not exceed the limit stated below. Name Address Limit of Power STUART A.O'FARRELL BLAIR PATJENS ALL OF ALL GUIDA McCLAIN DEBRA POWELL TACOMA,WASHINGTON UNLIMITED DARIN M.PURYEAR KRISTEN LOOK JILL A.WALLACE This Power of Attorney revokes all previous powers issued on behalf of the attorney(s)-in-fact named above. IN WITNESS WHEREOF the GREAT AMERICAN INSURANCE COMPANY has caused these presents to be signed and attested by its appropriate officers and its corporate seal hereunto affixed this 9TH day of SEPTEMBER 2020 Attest GREAT AMERICAN INSU NCE COMPAN 04 R e Assistant Secretary Divisional Senior Vice President STATE OF OHIO,COUNTY OF HAMILTON-ss: MARK VICARIo(877-377-2405) On this 9TH day of SEPTEMBER 2020 ,before me personally appeared MARK VICARIO,to me known, being duly sworn,deposes and says that he resides in Cincinnati,Ohio,that he is a Divisional Senior Vice President of the Bond Division of Great American Insurance Company,the Company described in and which executed the above instrument;that he knows the seal of the said Company;that the seal affixed to the said instrument is such corporate seal;that it was so affixed by authority of his office under the By-Laws of said Company,and that he signed his name thereto by like authority. SUSAN A KOHORST 4-Ain/AA Notary Public 4. State of Ohio 0. %3•~ft My Comm.Expires J/1 May 18, 2025 This Power of Attorney is granted by authority of the following resolutions adopted by the Board of Directors of Great American Insurance Company by unanimous written consent dated June 9,2008. RESOLVED: That the Divisional President,the several Divisional Senior Vice Presidents,Divisional Vice Presidents and Divisonal Assistant Vice Presidents,or any one of them,be and hereby is authorized,from time to time,to appoint one or more Attorneys-in-Fact to execute on behalf of the Company, as surety,any and all bonds,undertakings and contracts of suretyship,or other written obligations in the nature thereof to prescribe their respective duties and the respective limits of their authority;and to revoke any such appointment at any time. RESOLVED FURTHER: That the Company seal and the signature of any of the aforesaid officers and any Secretary or Assistant Secretary of the Company may be affixed by facsimile to any power of attorney or certificate of either given for the execution of any bond, undertaking,contract of suretyship, or other written obligation in the nature thereof such signature and seal when so used being hereby adopted by the Company as the original signature of such officer and the original seal of the Company,to be valid and binding upon the Company with the same force and effect as though manually affixed. CERTIFICATION I,STEPHEN C.BERAHA,Assistant Secretary of Great American Insurance Company,do hereby certify that the foregoing Power of Attorney and the Resolutions of the Board of Directors of June 9,2008 have not been revoked and are now in full force and effect. Signed and sealed this 13th day of November 2020 K 4cc 3 Assistant Secretary S1029AH(03/20)