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<br />Safeco Insurance Co. of America <br /> <br />BID BOND <br /> <br />The American Institute of Architects, <br />A.IA. Document No. A-310 February, 1970 Edition <br /> <br />KNOW ALL MEN BY THESE PRESENTS, <br /> <br />That we, C.F. Jordan. LP as Principal, hereinafter called the Principal, and Safeco Insurance Co. of <br />America, a corporation duly organized under the laws of the State of Wash in at on, with its Home Office in <br />the City of Seattle, in the said State, as Surety, hereinafter called the Surety, are held and firmly bound unto <br />City of La Porte. Texas. 604 West Fairmont Parkway. La Porte. Texas 77571 as obligee, hereinafter <br />called the Obligee, in the sum of five percent of bid amount Dollars ($5% of bid amount), for the payment <br />of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, <br />executors, administrators, successors and assigns, jointly and severally, firmly by these presents. <br /> <br />WHEREAS, the Principal has submitted a bid for Five Points Town Plaza Project. 101 Broadwav. <br />La Porte. Texas 77571. <br /> <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter <br />into a Contract with the Obligee in accordance with the terms of such bid, and give such bond or bonds as <br />may be specified in the bidding or Contract Documents with good and sufficient surety for the faithful <br />performance of such Contract and for the prompt payment of labor and material furnished in the <br />prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give such bond <br />or bonds, if the Principal shall pay to the Obligee the difference not to exceed the penalty hereof between <br />the amount specified in said bid and such larger amount for which the Obligee may in good faith contract <br />with another party to perform the work covered by said bid, then this obligation shall be null and void, <br />otherwise to remain in force and effect. <br /> <br />-Signed-and-sealed this-17th-day-of-ADril-kB.--2009; - -- - -- -- <br /> <br /> <br />C.F. Jordan, \ ~I <br /> <br />~ <br />V.? <br /> <br />(SEAL) <br /> <br />(Title) <br /> <br />Safeco Insurance Co. of America <br /> <br />~ <br /> <br /> <br />(Witness) <br />