ARNAZ ENGINEERING CONTRACTORS, INC. (4)

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CITY OF SANTA ANA Bond No. CAC716865 PREMIUM IS FOR THE CONTRACT TERM AND IS SUBJECT Premium: $5,975.00 TO ADJUSTMENT BASED ON FINAL CONTRACT PRICE BONDS Executed in 3 originals PROJECT NO.: 19-6495 FIRST STREET UNDERCROS SING STORMWATER LIFT STATION FAITHFUL PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS that ARNAZ Engineering Contractors, Inc. as CONTRACTOR, and Merchants Bonding Company (Mutual) a corporation, organized and existing under the laws of the State, and duly authorized to transact business under the laws of the State of California, as SURETY, are held and finely bound unto the City of Santa Ana, as AGENCY, in the penal sum of Six Hundred Thirty Thousand Three Hundred and 00/100 Dollars ($ 630 300.00 ), which is 100 percent of the total contract amount for the above stated project, for the payment of which sum, CONTRACTOR and SURETY agree to be bound, jointly and severally, firmly by these presents. THE CONDITIONS OF THIS OBLIGATION ARE SUCH that, whereas CONTRACTOR has been awarded and is about to enter into the annexed Contract Agreement with AGENCY dated for Project No. 19-6495, First Street Undercrossing Stormwater Lift Station if CONTRACTOR faithfully performs and fulfills all obligations in the performance of the Work of Improvement to be done under said Contract Agreement in the manner and time specified therein, then this obligation shall be null and void, otherwise it shall remain in full force and effect in favor of AGENCY; provided that any alterations in the obligations or time for completion made pursuant to the terms of the contract documents shall not in any way release either CONTRACTOR or SURETY, and notice of such alterations is hereby waived by SURETY. IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this 28th day of February 2019 ARNAZ Engineering Contractors, Inc., 1035 Armando Street, Ste. X, Anaheim, CA 92806, (714)666-17 nding Company (Mutual), P.O. Box 14498, Des Moines, IA 50306, (515)243-8171 151 Kalmus Dr., Ste A-201, Costa Mesa, CA 92626, Subscribed and sworn to before me, see Attached this day of 20 Signature: Notary Public in and for the County of State of Rate of premium on this bond is $ 10.00` Total amount of premium charge is $ 5,975.00 per thousand. To be filled In by Surety *Provide CONTRACTOR I ADiWITTED SURETY name, address, and telephone number and the name, title, address, and telephone number of authorized representative. "For the first 500k; $7.50 per thousand for the next 2mm; $6.50 per thousand for the next 2.5mm; and $5.00 thereafter. I of 3