Laserfiche WebLink
Bond No.:7661912 <br />CITY OF SANTA ANA Premium is included in the performance bond <br />Executed in: 2 Counterparts <br />BONDS <br />PROJECT NO.: 19-6946 <br />EDINGER AVE. REHABILITATION: RAITT ST. TO BRISTOL ST. <br />PAYMENT BOND <br />KNOW ALL MEN BY THESE PRESENTS that All American <br />as CONTRACTOR, and Fidelity and Deposit Company of Maryland <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 Six Hundred Eight Thousand Nine Hundred <br />Fifty Six and 00/100 Dollars <br />($ 608,956.00 ), 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. *of Illinois <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 />November 19, 2019 for Project No. 19-6946 - Edinger Ave. Rehabilitation: Raitt St. To Bristol St. <br />if CONTRACTOR or any subcontractor fails to pay for any labor or material of any kind used in <br />the performance of the Work of Improvement to be done under said Contract Agreement, or fails <br />to submit amounts due under the State Unemployment Insurance Act with respect to said labor, <br />SURETY will pay for the same in an amount not exceeding the sum set forth above, which amount <br />shall insure to the benefit of all persons entitled to file claims under the State Code of Civil <br />Procedures; provided that any alterations in the work to be done, materials to be furnished, or time <br />for completion made pursuant to the terms of the contract documents shall not in any way release <br />either CONTRACTOR or SURETY, and notice of said alterations is hereby waived by SURETY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this <br />19th day of November , 2019 . <br />CONTRACTOR* All �=sphalt - 400 East Sixth Street, Corona, CA 92879 - Phone (951)736-7600 <br />Ed MJTO) rbonl IG$ FrOMOM <br />SURETY* Fidelity and Deposit Company of Maryland - 777 S. Figueroa Street, Suite 3900, Los Angeles, CA 90017 <br />JZM'AQe n qOL ct a tcz� David Wei (213)270-060( <br />Rebecca Haas -Bates, Attorney -in -Fact <br />Subscribed and sworn to before me, **Please See Attached** this day of <br />20 <br />Signature: <br />Notary Public in and for the County of <br />State of <br />Rate of premium on this bond is $ 3.95 per thousand. <br />Total amount of premium charge is $ Included in Performance Bond . 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 />2 of 3 <br />