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Bond No. 7663417 <br />Premium: $2,758.00 <br />Premium is for contract term and is subject <br />CITY OF SANTA ANA to adjustment based on final contract price <br />BONDS Executed in: 2 Counterparts <br />PROJECT NO.: 20-7531 <br />RESIDENTIAL STREET REPAIR PROGRAM FY 19120 <br />HENINGER PARK NEIGHBORHOOD <br />FAITHFUL PERFORMANCE BOND <br />KNOW ALL MEN BY THESE PRESENTS that All American Asphalt <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 Ninety Eight Thousand Two <br />Hundred Twenty Seven and 00/100 Dollars <br />($698,227.00 ), which is 100 percent of the total contract amount for the above stated <br />project, for the payment of which sun, 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 />July 7, 2020 for Project No. 20-7533 - Residential Street Repair Program FY 2019-2020** <br />if CONTRACTOR faithfully performs and full -ills all obligations in the performance of the Work <br />of Improvement to be done under said Contract Agreement in the manner and time specified <br />therein. then this obligation shall be null and void, otherwise it shall remain in full force and effect <br />in favor of AGENCY: provided that any alterations in the obligations or time for completion made <br />pursuant to the terms of the contract documents shall not in any way release either CONTRACTOR <br />or SURETY, and notice of such alterations is hereby waived by SURETY. <br />"Heninger Park Neighborhood <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this <br />2nd day of June 12020 . <br />CONTRACTOR* All Americpnn Asphalt - 400 East Sixth Street, Corona, CA 92879 - Phone (951) 736-7600 <br />of <br />VgUtm.Sfrkin, Attorney -in -Fact <br />Subscribed and sworn to before me, <br />20 <br />Signature: <br />I, <br />Notary Public in and for the County of <br />**Please See Attached** <br />State of <br />Suite 3900, Los <br />David Wei (: <br />. this <br />CA 90017 <br />day of <br />Rate of premium on this band is $ 3.95 per thousand. <br />Total amount of premium charge is $ 2,758.00 To be filled in bP Surety <br />*Provide CONTRACTOR i ADXfITTED SURETY name, address, and telephone number and the <br />narne. title, address, and telephone number o/'authorized representative, <br />I of 3 <br />