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A � <br /> -"�- THE AMERICAN INSTITUTE OF ARCHITECTS <br /> AIA Document A310 <br /> Bid Bond � <br /> KNOW ALL MEN BY THESE PRESENTS, that we <br /> Kusske Construction Co., Inc. <br /> as Principal, hereinafter call the Principal, and <br /> Merchants Bonding Company(Mutual), Des Moines, Iowa <br /> a corporation duly organized under the laws of the State of Iowa <br /> as Surety, hereinafter called the Surety, are held and firmly bound unto � <br /> City of Orono,MN <br /> as Obligee, hereinafter called the Obligee, in the sum of <br /> Five Percent(5%)Of Amount Bid Dollars ($ 5% _ ), <br /> for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind <br /> ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these <br /> presents. <br /> WHEREAS, the Principal has submitted a bid for <br /> Navarre Fire Station Street&Utility Improvements <br /> NOW THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a Contract with <br /> the Obligee in accordance with the terms of such bid,and give such bond or bonds as may be specified in the bidding <br /> or Contract Documents with good and sufficient surety for the faithful performance of such Contrad and for the prompt <br /> payment of labor and materials furnished in the prosecution thereof,or in the event of the failure of the Principal to enter <br /> such Contract and give such bond or bonds, if the Principal shall pay to the Obligee the difference not to exceed the <br /> penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith <br /> contract with another party to perfo�m the Work covered by said bid,then this obligation shall be null and void,otherwise <br /> to remain in full force and effect. <br /> Signed and sealed this Sth day of May 2003 <br /> � Kusske Construction Co., Inc. <br /> ' �J ' ��'��7'/� ( rincipaD (Snal� <br /> (Witness) li'� �J�� <br /> ' v}` � � <br /> � Mer ants Bor� in m an Mutual <br /> ' (Surety) (SeaO <br /> (Witness) <br /> �tle) <br /> M.A. Jones Attorne -In-Fact <br /> AIA DOCUMENT A310•BID BOND•AIA�•FEBRUARY 19 0 ED.•THE AMERICAN <br /> INSTITUTE OF ARCHITECTS, 1735 N.Y.AVE.,N.W.,WASHINGTON D.C.20006 <br />