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CITY OF SANTA ANA <br />BONDS <br />PROJECT NO.: 19-6426 <br />PAYMENT BOND <br />BOND 11ES00001301 <br />PREMIUM: INCLUDED IN <br />PERFORMANCE BOND <br />2020 ,tit 30 AM 8: 12 <br />CITY OF icANT,a ANA <br />CLr?'( ;OUP�CIL <br />KNOW ALL MEN BY THESE PRESENTS that LUCAS BUILDERS, INC. <br />as CONTRACTOR, and EVEREST REINSURANCE 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 ONE MILLION THREE HUNDRED <br />NINETY—NINE THOUSAND TWO HUNDRED EIGHT & 00/100 Dollars <br />($ 1, 399, 208.00 ), 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 />JULY 7, 2020 for CITYWIDE SEWER IMPROVEMENTS PHASE II <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 />A.15TH day of JULY , 20 20 <br />CONTRACTOR* LUCAS BUILDERS, INC.; 510 E. JAMIE AVE., LA HABRA, CA 90631 <br />BY: (310) 853-0690 <br />EVEREST REINSURANCE COMPANY: 725 TOWN & COUNTRY, #400, ORANGE, CA 92868 <br />FLAKE / ATTORNEY —IN —FACT <br />Subscribed and sworn to before me, <br />20 <br />Signature: <br />Notary Public in and for the County of <br />State of <br />this day of <br />Rate of premium on this bond is $ 1% FLATE RATE per thousand. <br />Total amount of premium charge is $ 13,992 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 />* CULBERTSON INSURANCE SERVICES, INC.; 5500 E. SANTA ANA CANYON ROAD, SUITE 201 <br />ANAHEIM, CA 92807 (714) 921-0530 <br />2 of 3 <br />JU'_ 2 7 2320 <br />