Common use of Pursuant to Neb Clause in Contracts

Pursuant to Neb. Rev. Stat. § 18-2151, Redeveloper shall furnish or cause to be furnished to the City, prior to commencement of construction of the New Building and Redeveloper Public Improvements, a penal bond in an amount equal to the total cost of the New Building, and Redeveloper Public Improvements with a corporate surety authorized to do business in the State of Nebraska. The form of the Penal Bond is attached hereto as Exhibit J or such other form of Payment/Performance Bonds as may be approved by the City Attorney, which approval shall not be unreasonably withheld. Such penal bond shall stay in place until the City executes the Certificate of Completion of Improvements for the New Building and shall be conditioned upon Redeveloper or Redeveloper’s contractor at all times making payment of all amounts lawfully due to all persons supplying or furnishing Redeveloper, Redeveloper’s contractor, or his or her subcontractors with labor or materials performed or used in the prosecution of the New Building and Redeveloper Public Improvements. Proof of such penal bond shall be supplied to and approved by the City prior to the start of construction of the New Building and Redeveloper Public Improvements. The City’s Notice to Proceed authorizing the Redeveloper to proceed with the construction of the New Building and Redeveloper Public Improvements shall not be issued before proof of such penal bond has been supplied to the City.

Pursuant to Neb. Rev. Stat. §§ 18-2151, each Redeveloper shall furnish or cause to be furnished to the City, prior to commencement of construction of its respective Private Improvements and Public Improvements (excluding the New Building and Redeveloper Public Streetscape Improvements), a penal bond in an the amount equal to of the total cost of the New Building, and its Redeveloper Public Improvements Undertakings with a corporate surety authorized to do business in the State of Nebraska. The form of the Penal Bond penal bond is attached hereto as Exhibit J or such other form of Payment/Performance Bonds as may be approved by the City Attorney, which approval shall not be unreasonably withheld. J. Such penal bond shall stay in place until the City executes the Certificate of Completion of Private Improvements for the New Building respective Private Improvements and Public Improvements (excluding the Streetscape Improvements) and shall be conditioned upon said Redeveloper or Redeveloper’s contractor at all times making payment payments of all amounts lawfully due to all persons supplying or furnishing the Redeveloper, Redeveloper’s contractorits contractor(s), or his or her subcontractors any subcontractor(s) engaged in the Project with labor or materials performed or used in the prosecution of the New Building respective Private Improvements and Redeveloper Public Improvements (excluding the Streetscape Improvements). Proof of such penal bond shall be supplied to and approved by the City prior to the start of construction of the New Building and Redeveloper Public ImprovementsUndertakings. The City’s Notice to Proceed authorizing the Redeveloper Redevelopers to proceed with the construction of the New Building and Redeveloper Public Improvements Undertakings shall not be issued before proof of such penal bond has been supplied to the City.

Pursuant to Neb. Rev. Stat. § §18-2151, Redeveloper shall furnish or cause to be furnished to the City, prior to commencement of construction of the New Building and Redeveloper Private Improvements, Public Enhancements and/or the Public Improvements, a penal bond in an amount equal to the total cost costs of the New BuildingPrivate Improvements, and Redeveloper Public Enhancements and/or Public Improvements with a corporate surety authorized to do business in the State of Nebraska. The form of the Penal Bond is attached hereto as Exhibit J or such other form of Payment/Performance Bonds as may be approved by the City Attorney, which approval shall not be unreasonably withheld. Such penal bond shall stay in place until the City executes the Certificate of Completion of Improvements for the New Building and shall be conditioned upon the Redeveloper or Redeveloper’s contractor at all times making payment of all amounts lawfully due to all persons supplying or furnishing Redeveloper, Redeveloper’s contractor, or his or her subcontractors the Redeveloper with labor or materials performed or used in the prosecution of the New Building Private Improvements, Public Enhancements and/or Public Improvements and Redeveloper Public Improvementswill indemnify and save harmless the City to the extent of any payments in connection with the carrying out of such contracts which the City may be required to make under the law. Proof of such penal bond shall be supplied to the City prior to the construction of the Private Improvements, Public Enhancements and/or Public Improvements. The City shall accept, in lieu of said penal bond, a similar payment and approved performance bond supplied by Redeveloper's general contractor in an amount equal to the costs of the Private Improvements, Public Enhancements and/or Public Improvements and a lien waiver from the general contractor. Proof of said payment and performance bond and lien waiver shall be provided to the City prior to the start of construction of the New Building and Redeveloper Private Improvements, Public Enhancements and/or Public Improvements. The City’s Notice to Proceed authorizing the Redeveloper to proceed with the construction of the New Building and Redeveloper Public Improvements shall not be issued before proof of such penal bond has been supplied to the City.

Pursuant to Neb. Rev. Stat. § 18-2151, Redeveloper shall furnish or cause to be furnished to the City, prior to commencement of construction of the New Building and Redeveloper Public Improvements, a penal bond in an amount equal to the total cost of the New Building, and Redeveloper Public Improvements with a corporate surety authorized to do business in the State of Nebraska. The form of the Penal Bond is attached hereto as Exhibit J I or such other form of Payment/Performance Bonds as may be approved by the City Attorney, which approval shall not be unreasonably withheld. Such penal bond shall stay in place until the City executes the Certificate of Completion of Improvements for the New Building and shall be conditioned upon Redeveloper or Redeveloper’s contractor at all times making payment of all amounts lawfully due to all persons supplying or furnishing Redeveloper, Redeveloper’s contractor, or his or her subcontractors with labor or materials performed or used in the prosecution of the New Building and Redeveloper Public Improvements. Proof of such penal bond shall be supplied to and approved by the City prior to the start of construction of the New Building and Redeveloper Public Improvements. The City’s Notice to Proceed authorizing the Redeveloper to proceed with the construction of the New Building and Redeveloper Public Improvements shall not be issued before proof of such penal bond has been supplied to the City. A separate penal bond required by this Section shall be provided with each separate Phase of the Lincoln Logistics Redevelopment Project.

Pursuant to Neb. Rev. Stat. § 18-2151, Redeveloper shall furnish or cause to be furnished to the City, prior to commencement of construction of the New Building and Redeveloper Public Improvements, a penal bond in an amount equal to the total cost of the New Building, and Redeveloper Public Improvements with a corporate surety authorized to do business in the State of Nebraska. The form of the Penal Bond is attached hereto as Exhibit J or such other form of Payment/Performance Bonds as may be approved by the City Attorney, which approval shall not be unreasonably withheld. J. Such penal bond shall stay in place until the City executes the Certificate of Completion of Improvements for the New Building and shall be conditioned upon Redeveloper or Redeveloper’s contractor at all times making payment of all amounts lawfully due to all persons supplying or furnishing Redeveloper, Redeveloper’s contractor, or his or her subcontractors with labor or materials performed or used in the prosecution of the New Building and Redeveloper Public Improvements. Proof of such penal bond shall be supplied to and approved by the City prior to the start of construction of the New Building and Redeveloper Public Improvements. The City’s Notice to Proceed authorizing the Redeveloper to proceed with the construction of the New Building and Redeveloper Public Improvements shall not be issued before proof of such penal bond has been supplied to the City.

Pursuant to Neb. Rev. Stat. § 18-2151, Redeveloper shall furnish or cause to be furnished to the City, prior to commencement of construction of the New Building and Redeveloper Public Improvements, a penal bond in an amount equal to the total cost of the New Building, and Redeveloper Public Improvements Three Million Dollars ($3,000,000.00) with a corporate surety authorized to do business in the State of Nebraska. The form of the Penal Bond is attached hereto as Exhibit J F or such other form of Payment/Performance Bonds as may be approved by the City Attorney, which approval shall not be unreasonably withheld. Such penal bond shall stay in place until the City executes the Certificate of Completion of Improvements for the New Building and shall be conditioned upon Redeveloper or Redeveloper’s contractor at all times making payment of all amounts lawfully due to all persons supplying or furnishing Redeveloper, Redeveloper’s contractor, or his or her subcontractors with labor or materials performed or used in the prosecution of the New Building and Redeveloper Public Improvements. Proof of such penal bond shall be supplied to and approved by the City prior to the start of construction of the New Building and Redeveloper Public Improvements. The City’s Notice to Proceed authorizing the Redeveloper to proceed with the construction of the New Building and Redeveloper Public Improvements shall not be issued before proof of such penal bond has been supplied to the City.