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THE FINAL PREMIUM IS CITY OF SANTA ANA Bond No. 380214P <br />PREDICATED ON THE Premium: 6,595.00 <br />FINAL CONTRACT AMOUNT BONDS <br />PROJECT NO.: 16-6862 <br />CABRILLO PARK SIDEWALK IMPROVEMENTS <br />FAITHFUL PERFORMANCE BOND <br />KNOW ALL MEN BY THESE PRESENTS that C.E.M. Construction Corporation <br />as CONTRACTOR, and Developers Surety and Indemnity Company <br />a corporation, organized and existing under the laws of the State, and duly authorized to transact <br />business under the laws of the State of California, as SURETY, are held and firmly bound unto <br />the City of Santa Ana, as AGENCY, in the penal sum of <br />Three Hundred Seventy Three Thousand and 00/100 Dollars <br />($373,000.00 ), which is 100 percent of the total contract amount for the above stated <br />project, for the payment of which sum, CONTRACTOR and SURETY agree to be bound, jointly <br />and severally, firmly by these presents. <br />THE CONDITIONS OF THIS OBLIGATION ARE SUCH that, whereas CONTRACTOR has <br />been awarded and is about to enter into the annexed Contract Agreement with AGENCY dated <br />October 2, 2018 for Project No. 16-6862 Cabrillo Park Sidewalk Improvements <br />if CONTRACTOR faithfully performs and fulfills all obligations in the performance of the Work <br />of Improvement to be done under said Contract Agreement in the manner and time specified <br />therein, then this obligation shall be null and void, otherwise it shall remain in full force and <br />effect in favor of AGENCY; provided that any alterations in the obligations or time for <br />completion made pursuant to the terms of the contract documents shall not in any way release <br />either CONTRACTOR or SURETY, and notice of such alterations is hereby waived by <br />SURETY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this <br />12th day of October , 2018 . <br />5207 Brookgreen Road <br />V — r .eV /!la <br />17771 Cowan, Suite 100 <br />Subscribed and sworn to before me, this day of <br />20 <br />Signature: <br />Notary Public in and for the County of , State of <br />Rate of premium on this bond is $ 25.00/$15.00 per thousand. <br />Total amount of premium charge is $ 6,595.00 To be filled in by Surety <br />*Provide CONTRACTOR /ADMITTED SURETY name, address, and telephone number and the <br />name, title, address, and telephone number of authorized representative. <br />I of 3 <br />