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<br />,e:m:JJ <br /> <br />/D V S 0 N/ <br /> <br />BID BOND <br /> <br />1',0, Box 396- <br />l'eoria.IL 61612-396- <br />(J09) 69].1000 <br /> <br />Bond No. <br /> <br />KNOW ALL MEN BY THESE PRESENTS. <br />That We, USD-Minnesota LLC <br />of Long Lake. MN <br />as Principal. and RLI Insurance Company, of Peoria, Illinois, as Surety, an Illinois corporation duly licensed to do <br />business in the State of Minnesota , are held and finnly bound unto City of Roseville 1 <br />Ci tv Manager , as Obligee, in the penal sum of <br />Ten Percent of the Greatest Amount Bi d - - - - ,... - - - - - ,... - - ,... - - ( 10% GAB ), <br />for the payment of which the Principal and the Surety bind themselves, their heirs, executors, administrators, successors and <br />assigns, jointly and severally, finnly by these presents, <br /> <br />THE CONDITION OF THIS OBLIGATION IS SUCH, That whereas the Principal has submitted, or is about to submit, a <br />proposal or a bid to the Obligee on a contract for Demolition of Roseville Activity Center Building <br /> <br />NOW, THEREFORE, if the aforesaid principal shall be awarded the contract, the said principal wi\l within the period <br />specified therefore, or if no period be specified, within ten (10) days after the notice of such award enter into a contract <br />and give bond for the faithful perfonnance of the contract, then this obligation shall be null and void, otherwise the <br />principal and the surety will pay unto the obligee the difference in money between the amount of the bid of said principal <br />and the amount for which the obligee may legally contract with another party to perfonn the work if the latter amount be <br />in excess of the fonner, in no event shall the liability hereunder exceed the penal sum hereof. <br /> <br />PROVIDED AND SUBJECT TO THE CONDITION PRECEDENT, that any suits at law or proceedings in equity brought <br />or to be brought against the Surety to recover any claim hereunder must be instituted and service had upon the Surety <br />within ninety (90) days after the acceptance of said bid of the Principal by the Obligee. <br /> <br />SIGNED, SEALED AND DATED this ~ day of October <br /> <br />2000 . <br /> <br />ADDRESS ALL CORRESPONDENCE TO: <br />RLI Surety Division <br />P.O. Box 3967 <br />Peoria,IL 61612-3967 <br />(309) 692-1000 <br /> <br /> <br />Coo06196-S0,O <br />