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<br /> <br />Bid Bond <br /> <br />AlA Document A31 0 - Electronic Format <br /> <br />THIS DOCUMENT HAS IMPORTANT LEGAL CONSEQUENCES: CONSULTATION WITH AN ATTORNEY IS ENCOURAGED WITH RESPECT TO ITS <br />COMPLETION OR MODIFICATION. AUTHENTICATION OF THIS ELECTRONICALLY DRAFTED AlA DOCUMENT MAY BE MADE BY USING AlA <br />DOCUMENT D40 I. <br /> <br />KNOW ALL MEN BY THESE PRESENTS, that we Veit & Company, Inc.. 14000 Veit Place. Rogers. MN 55374 <br />(Here insertful! name and address or legal title of Contractor) <br /> <br />as Principal, hereinafter called the Principal, and Western Surety Co.. P.O. Box 5077, Sioux Falls. SD 57117 <br />(Here insert jUll name and address or legal title of Surety) <br /> <br />a corporation duly organized under the laws of the State of South Dakota as Surety, hereinafter called the Surety, are held and firmly <br />bound unto <br />City of Rose vi lie. 2660 Civic Center Drive, Roseville, MN 55 I] 3 <br /> <br />(Here insertjUl! name and address or legal title of Owner) <br /> <br />as Obligee, hereinafter called the Obligee, in the sum of Ten Percent of Total Amount Bid Dollars ($ 10%), for the payment of which <br />sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors <br />and assigns, jointly and severally, firmly by these presents. <br /> <br />WHEREAS, the Principal has submitted a bid for Demolition of Roseville Activity Center Building <br />(Here insertfull name, address and description of project) <br /> <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with the Obligee <br />in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract Documents <br />with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor and material <br />furnished in the prosecution thereof, or in the event of the faiJure of the Principal to enter such Contract and give such bond or bonds, <br />if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between the amount specified in said bid and <br />such larger amount for which the Obligee may in good faith contract with another party to perform the Work covered by said bid, <br />then this obligation shall be null and void, otherwise to remain in full force and effect. <br /> <br />Signed and sealed this 5th day of October W 2000 <br /> <br /> <br />~Q~!Jf <br /> <br />(Witness) <br /> <br />AlA DOCUMENT A310 - BID BOND - AlA - FEBRUARY 1970 EDITION - THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVENUE <br />N.W., WASHINGTON D.C. 20006-5292. Unlicensed photocopying violates U.S. copyright laws and is subject to legal prosecution, This document was <br />electronically produced with permission of the AlA and can be reproduced without violation until the date of expiration as noted below, <br />Electronic Format A310-1970 <br />User Document: VEIT-BID.DOC -- 9/27/2000. AlA License Number 110988, which expires on 12/6/2000 -- Page #1 <br />