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<br />-'. <br /> <br />Travelers Casualty & Surety Co. of Am. <br />BID BOND <br /> <br />APPROVED BY THE AMERICAN INSTITUTE OF ARCHITECTS <br />A.I.A. DOCUMENT NO. A-310 (FEB 1970 ED.) <br /> <br />KNOW ALL MEN BY THESE PRESENTS, THAT WE <br /> <br />Ceres Environmental Services, Inc. <br />3825 - 85th Ave. No. <br />Brooklyn Park, , MN 55443 <br /> <br />as Principal, hereinafter called the Principal, and the Travelers Casualty & Surety Co. of Am., a <br />corporation duly organized under the laws of the State of Connecticut, with Administrative Offices at One <br />Tower Square, Hartford, CT 06183, as Surety, hereinafter called the Surety, are held and firmly bound unto <br /> <br />City of Roseville, Minnesota <br /> <br />as Obligee, hereinafter called the Obligee, in the sum of Ten Percent (10%) of Amount of Bid - <br /> <br />for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind <br />ourselves, our heirs, executors, administrators, successors and assigns, joinUy and severally, firmly by <br />these presents. <br /> <br />WHEREAS, the Principal has submitted a bid for <br /> <br />Demolition of Roseville Activity Center Building I Roseville, Minnesota <br /> <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a <br />contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as may be <br />specified in the bidding or contract documents with good and sufficient surety for the faithful performance <br />of such contract and for the prompt payment of labor and material furnished in the prosecution thereof, or <br />in the event of the failure of the Principal to enter such contract and give such bond or bonds, if the <br />Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount <br />specified in said bid and such larger amount for which the Obligee may in good faith contract with another <br />party to perform the work covered by said bid, then this obligation shall be null and void, otherwise to <br />remain in full force and effect. <br /> <br />Signed and sealed this October 5, 2000 <br /> <br />~~ <br /> <br /> <br />No Seal <br />Services. Inc. <br />(Seal) <br /> <br />itle <br /> <br />M, y. o;~~ <br />(Witness) ~ack cedarleafpA orney-In-Fact) <br />I. <br /> <br />Travelers Casualty & Surety Co. of Am. <br />(Seal) <br /> <br /> <br />pcl 87420 <br />