Laserfiche WebLink
CITY OF SANTA ANA Bond No. 190044595/107174853 <br />BONDS <br />PROJECT NO.: 17-6875 <br />PAYMENT BOND <br />KNOW ALL MEN BY THESE PRESENTS that International Line Builders Inc. <br />as CONTRACTOR, and Dbertv Mutual Insurance Company & Travelers Casualty and Surety Company of America , <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 Eight Thousand Fifty Nine and 00/100 Dollars <br />($ 308,059.00 ), 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 />January 21, 2020 for Citvwide Traffc Signal Vehicle Head Upgrades fHSIPL-5063(188)1 <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 <br />amount shall insure to the benefit of all persons entitled to file claims under the State Code of <br />Civil Procedures; provided that any alterations in the work to be done, materials to be furnished, <br />or time for completion made pursuant to the terms of the contract documents shall not in any <br />way release either CONTRACTOR or SURETY, and notice of said alterations is hereby waived <br />by SURETY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this <br />24th day of January 12020 . <br />Mutual Insurance Company, 175 <br />MA 02116, Phone: (617) 357-9500 & <br />3ouare. Hartford. CT 06183. Phone: I <br />Normandale Lake Blvd, Suite 1700, Bloomington, <br />Subscribed and sworn to before me, <br />January 2020 . <br />Signature: <br />Michelle Diane Halter <br />Notary Public in and for the County of Hennepin <br />$ <br />MICHEL LE DIANE H A.LTER <br />Notary Puhlic <br />1 s`- <br />Mmn—ota <br />My Commis -on Expires <br />p <br />Jan 31 E023 <br />Rate of premium on this bond is $ 4.70 per thousand. <br />Total amount of premium charge is $ 1_448.00 . To be filled in by Surety <br />of <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 />