Resolution No. 2026-027 – A Resolution Setting the Date of May 19, 2026, for a Public Hearing on the Plans, Specifications for Village Drive and Roberts Ferry Road Traffic Signal Project and Opening of Bids on May 14, 2026 — I.2

SURETY BOND NO.: PERFORMANCE, PAYMENT, AND MAINTENANCE BOND KNOW ALL BY THESE PRESENTS: That we, , as Principal (hereinafter the “Contractor” or “Principal”) and , as Surety, are held and firmly bound unto the City of Tiffin, Iowa, as Obligee, (hereinafter referred to as the “Jurisdiction”), and to all persons who may be injured by any breach of any of the conditions of this Bond in the penal sum of DOLLARS ($ ), lawful money of the United States, for the payment of which sum, well and truly to be made, we bind ourselves, our heirs, legal representatives, and assigns, jointly or severally, firmly by these presents. The conditions of the above obligations are such that whereas said Contractor entered into a contract with the Jurisdiction, bearing date the day of , 20 , (hereinafter the “Contract”) wherein said Contractor undertakes and agrees to construct the following described improvements: Roberts Ferry Road & Village Drive Traffic Signal Improvements This project provides for the construction of a traffic signal system at the intersection of Roberts Ferry Road and Village Drive, as well as the construction of pedestrian curb ramps at the southeast, northeast, and northwest corners of the intersection. The construction includes a traffic signal system for 1 intersection and approximately 120 SY of 4-inch sidewalk, 75 SY of 6-inch sidewalk, and 90 SY of full-depth pavement patching. Other associated improvements include pavement markings, traffic signs, erosion control, temporary traffic control, and miscellaneous associated work necessary to complete the project. and to faithfully perform all the terms and requirements of said Contract within the time therein specified, in a good and workmanlike manner, and in accordance with the Contract Documents. It is expressly understood and agreed by the Contractor and Surety in this Bond that the following provisions are a part of this Bond and are binding upon said Contractor and Surety, to-wit: 1. PERFORMANCE: The Contractor shall well and faithfully observe, perform, fulfill, and abide by each and every covenant, condition, and part of said Contract and Contract Documents, by reference made a part hereof, for the above referenced improvements, and shall indemnify and save harmless the Jurisdiction from all outlay and expense incurred by the Jurisdiction by reason of the Contractor’s default of failure to perform as required. The Contractor shall also be responsible for the default or failure to perform as required under the Contract and Contract Documents by all its subcontractors, suppliers, agents, or employees furnishing materials or providing labor in the performance of the Contract. Performance, Payment, and Maintenance Bond PPM-1 Roberts Ferry Road & Village Drive Traffic Signal Improvements