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PREMIUM IS FOR THE CONTRACT TERM AND IS SUBJECT Bond No. S001-7378
<br />TO ADJUSTMENT BASED ON FINAL CONTRACT PRICE CITY OF SANTA ANA Premium: $1,559.00
<br />BONDS
<br />PROJECT NO.: 19-2703
<br />JEROME CENTER LANDSCAPE DRAINAGE
<br />FAITHFUL PERFORMANCE BOND
<br />KNOW ALL MEN BY THESE PRESENTS that Aramexx Group Inc. dba Aramexx Construction
<br />as CONTRACTOR, and Allied World Insurance Company
<br />a corporation, organized and existing under the laws of the State, and duly authorized to transact
<br />business under the laws of the State of California, as SURETY, are held and firmly bound unto
<br />the City of Santa Ana, as AGENCY, in the penal sum of Eighty Three Thousand One Hundred Fifty
<br />Five and 00/100 Dollars
<br />($ 83,155.00 ), 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 />February 5, 2019 for Project No. 19-2703 - Jerome Center Landscape Drainage
<br />,
<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 />{S WHEREOF the parties hereto have set their names, titles, hands, and seal this
<br />of ry 2019
<br />dba Aramexx Construction, 532 W. First Street, Suite 202, Claremont, CA 91711, (909)746-6066
<br />L LA
<br />Allied Worl44surance Corri)@Ay, 199 Water Street, New York, NY 10038, (646)794-0500
<br />V
<br />✓anessa Copela , Attorney -In -Fact, 151 Ka mus Dr., Ste A201, Costa Mesa, CA 92626, (714)546-5100
<br />Subscribed and sworn to before me, See Attached 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 $ $18.75** per thousand.
<br />Total amount of premium charge is $ 1,559.00 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 />**For the first 100k; $18.13 per thousand for the next 400k; $10.88 per thousand for the next 2mm; $8.63 per thousand for the
<br />next 2.5mm; $7.88 per thousand for the next 2.5mm; and $7.20 per thousand thereafter.
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