City of North Royalton, Ohio
Performance Bond
That, ____________________________________________ , as Principal, ("CONTRACTOR"), and __________________________________________________, as Surety, ("SURETY"), are held and bound unto the City of North Royalton, ("NORTH ROYALTON"), or to any of its officers, for the benefit of the City of North Royalton, or if assigned by the City of North Royalton, to any person, firm, or corporation with whom the CONTRACTOR contracts and who suffer damage as a result of a breach of residential or commercial construction or remodeling contract through work done, work omitted, or not performed by CONTRACTOR, for any and all improvements, in accordance with the laws and regulations of the State of Ohio and City of North Royalton, in the amount of $ __________________, for the payment of which we, CONTRACTOR and SURETY, bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally.
This bond is payable for damage sustained on account of the failure of CONTRACTOR to perform such contracted improvements in accordance with the laws of the State of Ohio, (“OHIO”), and the provisions and the requirements of the Rules, Regulations, Laws, and Ordinances of NORTH ROYALTON, or by reason of or on account of such failure of CONTRACTOR pursuant to any permit issued by NORTH ROYALTON under such Certificate of Registration for such contracted improvements.
The conditions of the above obligation are such that, CONTRACTOR has applied to the Building Commissioner of NORTH ROYALTON for a Certificate of Registration as a ___________________________ Contractor in NORTH ROYALTON for the year ending December 31, _________________.
Now, therefore, if _____________________________________ shall well and truly indemnify, keep and save harmless the City of North Royalton, or any of its Agents or Officials and shall indemnify and pay City of North Royalton, or any person, firm or corporation for damages sustained on account of the failure of such CONTRACTOR to perform work contracted for in accordance with any and all rules, regulations, ordinances, and from or by reason or on account of anything done under and by virtue of any permits issued under any such registration or licensing for the doing of any work required to be done, or if CONTRACTOR faithfully perform the duties and in all things complys with the laws and regulations of State of OHIO and City of NORTH ROYALTON, including all amendments thereto, pertaining to the license or permit applied for, then this obligation is void, otherwise to remain in full force and effect.
Dated this ______________ day of ___________________________________, _____________.
______________________________________ ______________________________________
Principal (Signature) Surety (Signature)
______________________________________ ______________________________________
Principal (Type or Print Name) Attorney-in-Fact
______________________________________ ______________________________________
Address of Principal Address of Surety
______________________________________ ______________________________________
City State Zip City State Zip
______________________________________ ______________________________________
Telephone Telephone
(ABOVE INFORMATION MUST BE COMPLETED IN FULL)