2010-113 AMS - Morlando Construction, LLC - Construction Agreement for PFAP renovation

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THE AMERICAN INSTITUTE OF ARCHITECTS Bond No. 872871 P A1A Document A311 Labor and Material Payment Bond THIS BOND IS ISSUED SIMULTANEOUSLY WITH PERFORMANCE BOND IN FAVOR OF THE OWNER CONDITIONED ON THE FULL AND FAITHFUL PERFORMANCE OF THE CONTRACT KNOW ALL MEN BY THESE PRESENTS:that Morlando Construction, LLC {Hero inert U name and address or legal title of Contractor) 8604 Cliff Cameron Drive, Suite 155 Charlotte, NC 28269 as Principal, hereinafter called Principal, and, Developers Surety and Indemnity Company (Hero insert bill name and address or legal We of Surety) P. O. Box 19725, Irvine, CA 92623 as Surety, hereinafter called Surety, are held and firmly mound unto Orange County (Here insed hill name and address or legal We of Owner) PO Box 8181 Hillsborough, NC 27278 as Obligee, hereinafter called Owner, for the use and benefit of claimants as hereinbelow defined, in the amount of Eight Hundred Two Thousand Four Hundred Seventy Dollars and 00/100 (Hem insert a sum equal to at least owhelt of the contrail price) Dollars($802,470.00 for the payment whereof Principal and Surety bind themselves, their heirs, executors, administrators, successors and assigns,jointly and severally,firmly by these presents. WHEREAS, Principal has by written agreement dated October 15, 2010 , entered into a contract with Owner for 44w*insert U ne ne,address and description of pmjuQ Piedmont Food and Agricultural Processing Center Renovation In accordance with Drawings and Specifications prepared by Corley, Redfoot Zack, Inc. (Hero insert full name and address or legal We of Architect) which contract is by reference made a part hereof, and is hereinafter referred to as the Contract. AIA DOCUMENT A311 • PERFORMANCE BOND AND LABOR AND MATERIAL PAYMENT BOND • AIA FEBRUARY 1970 E0. • THE AMERIGW INSTITUTE OFARCHITECT5,1735 N.Y.AVE,N.W.,WA"40TON,D.C.20008 1