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<br />.. <br /> <br />PERFORMANCE BOND <br /> <br />Bond No. 76SB 103 368 801 <br /> <br />KNOW ALL PERSONS BY THESE PRESENTS: That <br /> <br />Carl Bolander & Sons Co. <br />(Name of Contractor) <br /> <br />251 Starkey Street, St. Paul, MN 55107 <br />(Address of Coot.ractor) <br /> <br />a Corporation <br />and <br /> <br />hereinafter called Principal, <br /> <br />(coxporation, pllI1ncrship, or individual) <br /> <br />Travelers Casualty and Surety Company of America <br />(Name of Surety) <br /> <br />One Tower Square, Conveyor 3 BP, Hartford, CT 06183 <br />(Address ofSurcf.y) <br /> <br />hereinafter called Surety, are held and fIrmly bound unto <br /> <br />CITY OF ROSEVILLE <br />(Name of Owner) <br /> <br />2660 ClVlC CENTER DRIVE, ROSEVlLLE, MN 55113 <br />(Addn:ss 01' Ownl::r) <br /> <br />hereinafter called OWNER, in the total aggregate sum of <br /> <br />Eighty Six Thousand and 00/100 -------------- Doll~s($ 86,000.00 ) <br />in lawful money of the United States, for the payment of which sum well and truly to be made, we bind <br />ourselves, our heirs, executor, administrators, successors, and assigns, jointly and severally, fio:nly by <br />these presents. <br /> <br />THE CONDITION OF THIS OBLIGATION is such that whereas, the Principal entered into a certain <br />contract with the Owner, dated the 23rd day of October . 20 ~ a copy ofwmch is hereto <br />attached and made a part hereof for the demolition and removal of materials located at <br />2800 Arona Street, Rosevi1le, MN <br />NOW, THEREFORE, if the Principal shall well, truly and faithfully perform its duties, all the <br />undertakings, covenants, tenns, conditions, and agreements of said contract during the original term <br />thereof, and any extensions thereofwhich may be granted by the OWNER with or without notice to the <br />Surety and during the one year guaranty period, and if he shall satisfy all claims and demands incurred <br />under such contract.. and shall fully indemnify and save harmless the OWNER from all costs and <br />damages which it may suffer by reason of failure to do so, and shall reimburse and repay the OWNER <br />all outlay and expense which the OWNER may incur in making good and default, then this obligation <br />shall be void, otherwise to remain in full force and effect. <br /> <br />PROVIDED, FURTHER. that the said Surety for value received hereby stipulates and agrees that no <br />change, extension of time, alteration or addition to the terms of the contract or to work to be performed <br />