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and <br /> WHEREAS, the City is requiring the Principal to provide a bond guaranteeing the <br /> construction of said improvements. <br /> NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH, that <br /> if the said Principal shall construct, or have constructed, on or before the <br /> day of ,20 or at such earlier date when requested to do so by the City, <br /> the improvements herein described in accordance with approved plans and in <br /> conformance with City standard specifications, to the satisfaction of the City Engineer, and <br /> shall save the City harmless from any loss, cost or damage by reason of its failure to <br /> complete said improvements, then this obligation shall be null and void; otherwise to <br /> remain in full force and effect. <br /> In the event the City is required to institute litigation to obtain performance <br /> pursuant to this bond, Principal and Surety agree to pay all reasonable attorney's fees <br /> and cost which are incurred by the City. <br /> SIGNED AND SEALED and DELIVERED this 14th day of AAu st, 2023. <br /> PaciMae- D . LLC <br /> xje�u "-ZI(4" <br /> Pri ipal <br /> Atlantic Specialty Insurance Company <br /> Sure <br /> Noah William Pierce, Attorney in Fact <br /> Pxx xx <br /> VN <br /> =co. SEAL ma <br /> zv 1986 0 <br /> MSSW Q't Dda <br /> esrrnu.x*"xxx <br /> Page 2 of 2 <br />