Resolution 2010-08 - Laserfiche WebLink

Home Browse Search

♦"e: Premium: 375 TOWER I STRUCTURE / EQUIPMENT REMOVAL BOND Location of towerfstnrcture/equipment: ARGONAUT INSURANCE COMPANY CITY OF LOUISVILLE, COLORADO SIGNED this 30th day of April, 2010 Principal CLEAR WIRELESS LLC ARGONAUT INSURANCE COMPANY By Site Number CO- DEN1113 KNOW ALL MEN BY THESE PRESENTS: Bond No. SUR0009366 THAT CLEAR WIRELESS LLC As Principal, and organized under the laws of the State of IL as Surety are held and firmly bound unto: as Obligee the penal sum of Twent Five Thousand and 00/100 dollars ($ 25,000.00 ) for the 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, the liability of the surety being limited to the penal sum of this bond regardless of the number of years the bond is in effect WHEREAS, the Principal has entered into a written agreement with the property owner for the placement of a tower, stricture or equipment furnishkig telephone, television or other electronic media service. which agreement sets forth the terms and conditions which govern the use of such towers, structures or equipment and which agreement Is hereby specifically referred to and made part hereof, and WHEREAS, the (city /county) ordinance and /or the property owner, requires the submission of a bond guaranteeing the maintenance. replacement, removal or refocation of said tower, CITY OF LOUISVILLE, COLORADO a corporation duly NOW THEREFORE, the condition of this obligation is such , that if the above bounden Principal Shall perform in accordance with the aforesaid ordinance andfor agreement, and indemnify the Obligee against all loss caused by Principal's breach or any ordinance or agreement relating to the maintenance, replacement, removed or relocation of a tower, structure or equipment, then this obligation shall be void, otherwise to remain In futi force and effect unless cancelled as set forth below. THIS BOND may be cancelled by Surety by giving sixty (60) days written notice to the Obligee by registered mail. Such cancellation shall not affect any liability the surely has incurred under this bond prior to the effective data or the termination. PROVIDED that no action, suit or proceeding shall be maintained against the Surety on this taond unless the action is brought within twelve (12) months of the cancellation date of this bond. to be effective April 30, 2010 Caroline K. Lamarre, Attorney Fact