VIDO SAMARZICH, INC. (3) - Laserfiche WebLink

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THE FINAL PREMIUM IS Bond No.: 08712176 (One of Three Originals) PREDICATED ON THE CITY OF SANTA ANA FINAL CONTRACT PRICE BONDS PROJECT NO.: 20-7536 RESIDENTIAL STREET IMPROVEMENT BISHOP PROJECT NO.: 20-7537 RESIDENTIAL STREET IMPROVEMENT RAITT FAITHFUL PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS that Vido Samarzich, Inc. as CONTRACTOR, and Fidelity and Deposit Company of Maryland 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 firmly bound unto the City of Santa Ana, as AGENCY, in the penal sum of One Million Two Hundred Seventy Eight Thousand Eight Hundred Twenty and 00/100 Dollars. ($ 1,278,820.00 ), 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 February 4th, 2020 for Project 20-7536 & 20-7537 Residential Street Improvement Bishop And Residential Street Improvement Raitt Project 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 5th day of February 12020 CONTRACTOR* vido SURETY* Fidelity and VIC-E P2ES tOtENT nv of Marvland Matthew R. Dobyns , Attorney -in -Fact Subscribed and sworn to before me, __ , 20_ Signature: Notary Public in and for the County of State of 6829 Billings Place 777 S. Figueroa Street, Suite 3900 Los Angeles, CA 90017 this day of Rate of premium on this bond is $ 15.31 / $ 9.25 per thousand. Total amount of premium charge is $ 14,859.00 To be filled in by Surety *Provide CONTRACTOR / ADMITTED SURETY name, address, and telephone number and the name, title, address, and telephone number of authorized representative. 1 of