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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 if <br /> the said Principal shall construct, or have constructed, on or before the <br /> 3Is' day of January,2023 or at such earlier date when requested to do so by the <br /> City, the improvements herein described in accordance with approved plans and in <br /> conformance with City standard specifications, to the satisfaction of the City <br /> Engineer, and shall save the City harmless from any loss, cost or damage by reason of <br /> its failure to complete said improvements, then this obligation shall be null and void; <br /> otherwise to remain in full force and effect. <br /> In the event the City is required to institute litigation to obtain performance pursuant <br /> to this bond, Principal and Surety agree to pay all reasonable attorney's fees and cost <br /> which are incurred by the City. <br /> SIGNED AND SEALED and DELIVERED this day of , 20 <br /> Principal <br /> Surety <br /> Attorney in Fact <br /> Page 2 of 2 <br />