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<br />05/l::J/LOU:J IJ:i:3 rP,::< oJ4il(1U::i <br />rI <br /> <br />SlLI~K.~HUUPINC. <br /> <br />1iI 004/004 <br /> <br />LJ <br /> <br />n <br /> <br />LJ <br /> <br />rI <br /> <br />LJ <br /> <br />II <br /> <br />LJ <br /> <br />II <br /> <br />LJ <br /> <br />II <br /> <br />LJ <br /> <br />II <br /> <br />LJ <br /> <br />rI <br /> <br />LJ <br /> <br />n <br /> <br />LJ <br /> <br />n <br /> <br />L.J <br /> <br />II <br /> <br />LJ <br /> <br />II <br /> <br />LJ <br /> <br />n <br /> <br />LJ <br /> <br />rI <br /> <br />LJ <br /> <br />rI <br /> <br />u <br /> <br />II <br /> <br />LJ <br /> <br />rI <br /> <br />LJ <br /> <br />n <br /> <br />LJ <br /> <br />rI <br /> <br />'LJ <br /> <br />1611t ACTIVE PARK <br /> <br />1, Bidder Ilnd Surely, joIntly and s8Wll'Blly. bird <br />Ihl!lmsel\lll!:l, their hell'll, lW!IC1J!l:lra, lldmlnlatl1llOns, <br />suocessors and 8sslgn5 10 pay 10 OWner upon dsfault 01 <br />aldCler any dlfferenoe belWHn the t.Ctal amount 01 Slador's <br />bid and ltie total amount at IMe bid 01 the next lowest <br />responBlbla Bnd I9Spcnslvs blddor 88 dstennlned by Owner <br />lor the Won< required by the Contract Documenta, provided <br />that: <br />1,1, Ilthate Ie no lluch next lowest, rellponslble IInd <br />responsive bIdder. and OWner does not <br />abandon thl! Project, then Blddlllr and SuNly <br />eMII pay 10 OVI11er the penal sum set forth on <br />!he fBCB 01 this Bond. and <br />1.2. In no e'lent shall Bidder'S and Surety's cbllgallon <br />hereunder axceed the penal sum set forth on <br />the face of ttU Bond, <br /> <br />2. Default or Blddar shall oc:our upon the failure 01 Bidder <br />I() deUyar within the time required by the Bidding Documents <br />(or any eJ:le!lslon thereof agreeCIlo In writing by Owner) the <br />llxllOut~ Agreement required by ttlD Bidding Oooumentll <br />and any pertorTT\arce and payment bonds requlr8d by the <br />Bidding Documents and Contraot DooumfK'lbl. <br /> <br />3. Thla obllgatll:ln shall!>> null and void II: <br />3,1, OWner acceptB Bldder'5 bid and BIdder delivers <br />vril1lln the ttme requlrsd by tne Bidding <br />DoolSTlenll!l (or any eJ:tenllfon thereof agl8ed to <br />In wrltlng by Owner) the executed Agreement <br />required by the Bldclng Dooumlntll and any <br />pertonnarce and payment boncUl required by <br />the Bidding Documents and Contract <br />Documents, Qr <br />3.2, All bids are r&jfldad by Owner, or <br />3.3, O'ltTlor 11I11e to laaue II notice 01 llward to Bidder <br />wlthln the time specified In the Bidding <br />Do:l.lml!lnlll (or any extenslon thenag! agreed 10 <br />In writing by 8<<jder and, 11 applicable, consanted <br />10 by Surety when required by paraglliph 5 <br />hereof). <br /> <br />4. Peym.m under thl& Bond will be due and payable <br />upon default by Bidder and within 30 calendar days after <br />reoelpt by BIdder ll1ld wlltlln 30 ~Iem~ar days alter reoelpt <br />by Bidder aM Surety of wrlnen notice of default from Owner, <br />whIch notice will be glvan wllh rel!50nable promplne88, <br />Idenllfylng this Bond IInd the Project and Including l!I <br />statement 0( the amount dus. <br /> <br />APRIL 10,2005 <br /> <br />5, SurelY walyee notice of and any and all d8lonsiftl <br />baaed on or .r1slng out of any time extenalcn to tuue notioe <br />of award lIgraed to In writing by Owner and Bidder, pn:lVlded <br />lt1at thO Iolal time for lellulng notloe 01 awald lnoludlng <br />e1ten!lons shall not In the aggl'l!lQate elll:eled 120 Ol!IYII from <br />Bid Due Data without SurBty'e wrttt8n cement, <br /> <br />B. No ault or ac:tlon shall be commenced under thla Bond <br />prior 1.0 30 oalender C1aysafler the notloe 01 (jsfault required <br />In paragraph 4 aboYll 18 received by Bidder and Sur8ty and <br />In nc caa. latar than one year after Bid Due Date. <br /> <br />7. Any flult or acUon under thle Bond ehaU be <br />oommenoed only In II court 01 oampeltent Jur1lldlotlon locat&d <br />In the state in whial the Project IS I~. <br /> <br />8. Notlce8 required hereunder Ilhall bti In writing and <br />IBnt to Bidder and Surety at their relpec:tllle addresses <br />shown on ltIe 180e at IhLs Bond. Such notJca6 may be 89nt <br />by personel delivery, commercial courier or by UnltQ(j States <br />Ae\;llstered or Certtlled Mall, retum receipt requeet8d, <br />postage prtr-~Id, and shall De deemed to be aftfllCllY6 upon <br />receipt by the part)' concerned. <br /> <br />9. Surety Iilhall cause to be attached to tI'1ll!1 Bond a <br />ourrent lInd etfeatlve Power of AtlCmey elllden=lng trle <br />authority 01 thl) otfIc:ar. agent or reprssentatlvll ~ executed <br />. thle Bond on behalf of Surety to exeoute, seal IInd deliver <br />sl.Ch .Bond and bind the Surety thereby, <br /> <br />10. This Bond Is Intended 10 conlorm 1.0 all QPplicB.ble <br />statutory requiremen18, Any applicable requirement of Bny <br />applicable stalute that h8a been omitted from thle Bond shall <br />be deemed to be Included herein alltt eat forth at langttl, /I <br />lIny provlllon 01 lhle Ekn:f C1Qnfllalll with IIny IIpplbabl& <br />provision of ttlls Bond confllcts with any appli::abl8 provision <br />of any appllOablfl SlAtule, then Ille prOYltlon of aald statute <br />shaU govem and the remaJnder of till! Bon:l1hMt Is not In <br />confllat therewith shall OOI'ltlnU8 In hJlI forot WId ~. <br /> <br />11. The tenn .bld. as used her81n In:ll...,.. " bld, offllr or <br />pl'Q~1 all applloable. <br /> <br />BID BONO <br /> <br />00401-2 <br />