City of Lincoln Agenda Packet 2026-06-23
Warranty Bond Secures Liberty Park Improvements
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Description
The City of Lincoln is secured by a $447,249 warranty bond from The Ohio Casualty Insurance Company covering the Liberty at Lincoln Mabel Adams Ahart Park public improvements. The bond guarantees the quality and performance of the developer’s work for one year following the June 18, 2026 Notice of Completion.
Contract Details
Contract Amount
$447,249
Vendor
OHIO CASUALTY INSURANCE COMPANY
Agency
City of Lincoln, IN
Contract Type
INSURANCE
Document Date
June 23, 2026
Contract Term
One-year warranty bond from June 18, 2026
Renewal Date
2027-06-18
Renewal Info
One-year warranty bond term commencing on filing of the Notice of Completion dated June 18, 2026; bond expires after the warranty period unless claims are made.
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