S Bid Award: West Ten Soccer Field Construction and Irrigation Project

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NORTH CAROLINA TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA • PROPOSAL BOND Hartford, Connecticut 06183 KNOW ALL MEN BY THESE PRESENTS, That we, Carolina Green Corporation, Indian Trail, NC as Principal, and TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA, of Hartford, Connecticut, a corporation of the State of Connecticut, as Surety, which is duly licensed to act as Surety in North Carolina, are held and firmly bound unto Orange County, NC as Obligee, in the sum of Five Percent of Bid Amount Dollars ($ **5 %" ), lawful money of the United States of America, for payment of which, well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. SIGNED, sealed and dated this 8th day of May , 2007. WHEREAS, the said Principal is herewith submitting proposal for Field Construction and Irrigation Improvements at West Ten Soccer Center *and the Principal desires to file this Bid Bond in lieu of making the cash deposit as required by G.S. 143 -129 as amended by Chapter 1104 of the Public Laws of 1951. NOW, THEREFORE, THE CONDITION OF THE ABOVE OBLIGATION is such, that if the Principal shall be awarded the contract for which the bid is submitted and shall execute the contract and give bond for the faithful performance thereof within ten days after the award of same to the Principal, then this obligation shall be null and void; but if the Principal fails to so execute such contract and give performance bond as required by G.S. 143 -129, as amended by Chapter 1104 of the Public Laws of 1951, the Surety shall, upon demand, forthwith pay to the Obligee the amount set forth in the first paragraph hereof. CAROLINA GREEN CORPORATION P ?gyp Seal TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA is By NyAt.-O' K, Donna K. Ashley, 0 orney-in-Fact S- 2349 -1 (7 -97)