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Home My WebLink About2014 Production on Motor Grader Lease-Surety Acknowledgement, Titan Machinery Surety Acknowledgment State of MINNESOTA I } ss. County of Hennepin } On this 25°i day of March 2014,before me personally came Nicole Langer, to me known, who being by me duly sworn, did depose and say that she is the Attorney-in-Fact of Fidelity and Deposit Company of Maryland described in and which executed the above instrument; that she/he knows the seal of said corporation; that the seal affixed to said instruments is such corporate seal, that it was so affixed by order of the Board of Directors of said corporation, and that she/he signed her/she/his name to it by like order. Notary Public ■ ItMAN_ "r. MICHELLE DIANE SYLVESTER + ,Jq•.'_3 NOTARY PUBLIC-MNNESOTA t4 _ My Commission Expires w� January 31,2018 • ZURICH AMERICAN INSURANCE COMPANY COLONIAI.AMERICAN CASUALTY AND SURETY COMPANY FIDELITY AND DEPOSIT COMPANY OF MARYLAND POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS:That the ZURICH AMERICAN INSURANCE COMPANY,a corporation of the State of New York,the COLONIAL AMERICAN CASUALTY AND SURETY COMPANY,a corporation of the State of Maryland,and the FIDELITY AND DEPOSIT COMPANY OF MARYLAND a corporation of the State of Maryland (herein collectively called the "Companies"), by JAMES M. CARROLL,Vice President,in pursuance of authority granted by Article V, Section 8, of the By-Laws of said Companies, which are set forth on the reverse side hereof and are hereby certified to be in full force and effect on the date hereof,do hereby nominate, constitute, and appoint Laurie PFLUG, Nicole LANGER, Dennis G. LOOTS, Jill N. SWANSON, Nina E. WERSTEIN, Brian D. CARPENTER, Heather R. GOEDTEL, Michelle SYLVESTER, Craig OLMSTEAD and Jessica HOFF, all of Minneapolis, Minnesota, EACH its true and lawful agent and Attorney-in-Fact,to make,execute,seal and deliver,for,and on its behalf as surety,and as its act and deed:any and all bonds and undertakings,and the execution of such bonds or undertakings in pursuance of these presents,shall be as binding upon said Companies,as fully and amply,to all intents and purposes,as if they had been duly executed and acknowledged by the regularly elected officers of the ZURICH AMERICAN INSURANCE COMPANY at its office in New York,New York.,the regularly . elected officers of the COLONIAL AMERICAN CASUALTY AND SURETY COMPANY at its office in Owings Mills,Maryland.,and the regularly elected officers of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND at its office in Owings Mills, Maryland.;in their own proper persons. The said Vice President does hereby certify that the extract set forth on the reverse side hereof is a true copy of Article V,Section 8,of the By-Laws of said Companies,and is now in force. IN WITNESS WHEREOF,the said Vice-President has hereunto subscribed his/her names and affixed the Corporate Seals of the said ZURICH AMERICAN INSURANCE COMPANY, COLONIAL AMERICAN CASUALTY AND SURETY COMPANY, and FIDELITY AND DEPOSIT COMPANY OF MARYLAND,this 7th day of October,A.D.2013. ATTEST: ZURICH AMERICAN INSURANCE COMPANY COLONIAL AMERICAN CASUALTY AND SURETY COMPANY FIDELITY AND DEPOSIT COMPANY OF MARYLAND ,,......,,w 11EAL •.J�Lr-- C�,t-G Assistant Secretary Vice President Gregory E.Murra} James M. Carroll State of Maryland City of Baltimore On this 7th day of October,A.D.2013,before the subscriber,a Notary Public of the State of Maryland,duly commissioned and qualified,JAMES M. CARROLL,Vice President,and GREGORY E.MURRAY,Assistant Secretary, of the Companies,to me personally known to be the individuals and officers described in and who executed the preceding instrument,and acknowledged the execution of same,and being by me duly sworn,deposeth and saith, that he/she is the said officer of the Company aforesaid,and that the seals affixed to the preceding instrument are the Corporate Seals of said Companies,and that the said Corporate Seals and the signature as such officer were duly affixed and subscribed to the said instrument by the authority and direction of the said Corporations. IN TESTIMONY WHEREOF,I have hereunto set my hand and affixed my Official Seal the day and year fast above written. ............ �rrrrr i rl��, Maria D.Adamski,Notary Public My Commission Expires:July S.2015 POA-F 184-8370B EXTRACT FROM BY-LAWS OF THE COMPANIES "Article V,Section 8,Attorneys-in-Fact. The Chief Executive Officer,the President,or any Executive Vice President or Vice President may, by written instrument under the attested corporate seal, appoint attorneys-in-fact with authority to execute bonds, policies, recognizances, stipulations, undertakings, or other like instruments on behalf of the Company, and may authorize any officer or any such attorney-in-fact to affix the corporate seal thereto;and may with or without cause modify of revoke any such appointment or authority at any time." CERTIFICATE I, the undersigned, Vice President of the ZURICH AMERICAN INSURANCE COMPANY, the COLONIAL AMERICAN CASUALTY AND SURETY COMPANY,and the FIDELITY AND DEPOSIT COMPANY OF MARYLAND, do hereby certify that the foregoing Power of Attorney is still in full force and effect on the date of this certificate;and 1 do further certify that Article V,Section 8,of the By-Laws of the Companies is still in force. This Power of Attorney and Certificate may be signed by facsimile under and by authority of the following resolution of the Board of Directors of the ZURICH AMERICAN INSURANCE COMPANY at a meeting duly called and held on the 15th day of December 1998. RESOLVED: "That the signature of the President or a Vice President and the attesting signature of a Secretary or an Assistant Secretary and the Seal of the Company may be affixed by facsimile on any Power of Attorney...Any such Power or any certificate thereof bearing such facsimile signature and seal shall be valid and binding on the Company." This Power of Attorney and Certificate may be signed by facsimile under and by authority of the following resolution of the Board of Directors of the COLONIAL AMERICAN CASUALTY AND SURETY COMPANY at a meeting duly called and held on the 5th day of May, 1994, and the following resolution of the Board of Directors of the FIDELITY AND DEPOSIT COMPANY OF MARYLAND at a meeting duly called and held on the 10th day of May, 1990. RESOLVED: "That the facsimile or mechanically reproduced seal of the company and facsimile or mechanically reproduced signature of any Vice-President, Secretary,or Assistant Secretary of the Company,whether made heretofore or hereafter,wherever appearing upon a certified copy of any power of attorney issued by the Company,shall be valid and binding upon the Company with the same force and effect as though manually affixed. IN TFSTIMO,NY WHEREOF,I have hereynto subscribed my name and affixed the corporate seals of the said Companies. tl1isa?_.day10 na o[ios� ��u!sLyI ° t n9 0;SEAL ' 0 Thomas O.McClellan,Vice President Willis TITAN MACHINERY SURETY BOND REQUEST FORM Date Requested 3/12/14 Date Needed: 3/19/14 Requested By: Art Logan Phone: 406-670-9044 Titan Entity Name: Titan Machinery Inc. Address: 80 Shire Trail, Bozeman MT 59718 Owner/Obligee: City of Bozeman Obligee Address: 121 N. Rouse Ave.,Bozeman MT 59771 Contract Amount: $275,000.00 Project Number: Project Title: 2014 Production or Newer Motor Grader Lease Project Description: Bid Date: 3/25/14 Start Date: Completion Date: Specified Bond form required? ❑Yes ® No Bid Bond% : ❑5% ®10% ❑Other If awarded,will a performance or supply bond be required? ❑Yes ® No(Please contact Willis for pricing if required) ATTACH BOND FORMS if not AIA forms Buy-Back Agreement ❑WesMNo Repurchase ❑Yes ❑ No Agreement ❑I )*4�lw If Jg9spMoCgbars If yes,#of years Maintenance Agreement ❑Yes ® No If yes,amount If yes,#of years Comments: Fax or email to: Nina Werstein and Jessica Hoff Willis Bond Department Phone#763.302.7109 or ....7191 Fax#763.302.7200 nina.werstein( willis.com jessica.hoff(.willis.com 03/24/2014 12:26:40 PM Page 1 City of Bozeman - Case 885B Muni Quote Compound Period ......... Monthly Nominal Annual Rate .... 3.490 % CASH FLOW DATA Event Date Amount Number Period End Date 1 Loan 05/01/2014 253,874.26 1 2 Payment 05/01/2014 35,680.21 5 Annual 05/01/2018 3 Payment 05/01/2019 103,896.00 1 AMORTIZATION SCHEDULE - Normal Amortization, 360 Day Year Date Payment Interest Principal Balance Loan 05/01/2014 253,874.26 1 05/01/2014 35,680.21 0.00 35,680.21 218,194.05 2014 Totals 35,680.21 0.00 35,680.21 2 05/01/2015 35,680.21 7,737.97 27,942.24 190,251.81 2015 Totals 35,680.21 7,737.97 27,942.24 3 05/01/2016 35,680.21 6,747.03 28,933.18 161,318.63 2016 Totals 35,680.21 6,747.03 28,933.18 4 05/01/2017 35,680.21 5,720.96 29,959.25 131,359.38 2017 Totals 35,680.21 5,720.96 29,959.25 5 05/01/2018 35,680.21 4,658.49 31,021.72 100,337.66 2018 Totals 35,680.21 4,658.49 31,021.72 6 05/01/2019 103,896.00 3,558.34 100,337.66 0.00 2019 Totals 103,896.00 3,558.34 100,337.66 Grand Totals 282,297.05 28,422.79 253,874.26