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e e- AlA Document A3l2 Bond No. 61 BCSAK1591 Any singular reference to Contractor, Surety, Owner or other party shall be considered plural where applicable. Performance Bond CONTRACTOR (Name and Address): R. Hassell Builders, Inc. P.O. Box 690767 Houston, Texas 77269-0767 SURETY (Name and Principal Place of Business): Hartford Fire Insurance Company P.O. Box 4611 Houston, Texas 77210-4611 OWNER (Name and Address): City of La Porte P.O. Box 1115 La Porte, Texas 77572-1115 CONSTRUCTION CONTRACT Date: April 20 2000 Amount: Two Million Five Hundred Ninety One Thousand Nine Hundred and noI100--($2,591,900.00) Description (Name and Location): La Porte Community Library, 600 S. Broadway, La Porte, TX 77571 BOND Date (Not earlier than Construction Contract Date): April 20 2000 Amount: Two Million Five Hundred Ninety One Thousand Nine Hundred and no/1 00--($2,591 ,900.00) Modifications to tins Bond: -')NTRACTOR AS PRINCIPAL mpany: R. Hassell Builders, Inc. (Corporate Seal) Signature:C'V~ . Name and Title: -r. jtt:. IAUA!-l el/o 0 G4 ,qze~J.I/:!I~ (Any additional signatures appear on page 2.) (FOR INFORMA nON ONLY - Name, Address and Telephone) AGENT or BROKER: (281) 540-1 555 Elsey & Associates Surety/Insurance 8820 Will Clayton Pkwy., Humble, TX 77338 1 The Contractor and the Surety, jointly and severally, bind themselves, their heirs, executors, administrators, successors and assigns to the Owner for the perfonnance of the Construction Contract, which is incorporated herein by reference. 2 If the Contractor perfonns the Construction Contract, the Surety and the Contractor shall have no obligation Wlder this Bond, except to participate in conferences as provided in Subparagraph 3.1. 3 If there is no Owner Default, the Surety's obligation WIder this Bond shall arise after: 3.1 The Owner has notified the Contractor and the Surety at its address described in Paragraph 10 below that the Owner is considering declaring a Contractor Default and has requested and attempted to arrange a conference with the Contractor and the Surety to be held not later than fifteen days after receipt of such notice to discuss methods of perfonning the Construction Contract. If the Owner, the Contractor and the Surety agree. the Contractor shall be allowed a reasonable time to SURElY 5026 16-921 S-1852/GEEF 7/96 Page 1 of 2 ~ None SURETY Company: Hartford Fire Insurance Co ny D See Page 2 (Corporate Seal) n l' Signature: Name and Tit e: OWNER'S REPRESENTATIVE (Architect, Engineer or other party): Hall/Barnum Architects, Inc. 2727 Weslayan Houston, Texas 77027 perfonn the Construction Contract, but such an agreement shall not waive the Owner's right, if any, subsequently to declare a Contractor Default; and 3.2 The Owner has declared a Contractor Default and fonnally tenninated the Contractor's right to complete the contract. Such Contractor Default shall not be declared earlier than twenty days after the Contractor and the Surety have received notice as provided in Subparagraph 3.1; and 3.3 The Owner has agreed to pay the Balance of the Contract Price to the Surety in accordance with the tenns of the Construction Contract or to a contractor selected to perfonn theeConstruction Contract in accordance with the tenns of the contract with the Owner, 4 When the Owner has satisfied the conditions of Paragraph 3, the Surety shall promptly and at the Surety's expense take one of the following actions: