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CITY OF SANTA ANA RE -BID <br />BOND'S Bond No. 9342347 <br />PROJECT NO.:49PW6 <br />CROSSWALK UPGRADES PHASE II <br />FEDERAL PROJECT NO: HSIPL 5063(186) <br />PAYMENT BOND <br />KNOW ALL MEN BY THESE PRESENTS that Elecnor Belco Electric, Inc. <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 Two Hundred Eighty Five Thousand Two <br />Hundred Ninety Five and 00/100 Dollars <br />($ 285,295.00 ), 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 />March 17, 2020 for Project No. 17-6876 Crosswalk Upgrades Phase II [HSIPL-5063 (186)] <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 />5th day of March , 20 20 . <br />CONTRACTOR* <br />and <br />Subscribed and sworn to before me, <br />20 <br />Signature: <br />of <br />Notary Public in and for the County of <br />�rresmenyf - - -- 1432U Albers Way, Cbinu, CA 91710, <br />Tel: (909) 993-5470 cxt 254 <br />1299 Zurich Way, 5th Floor, Schaumbur , IL 60196-1056, Tel: (847) 605-6000 <br />Los s CA 9QQI 2. Tel: 2 <br />Donna M. Planeta, Attorney -in -Fact <br />this day of <br />State of <br />Rate of premium on this bond is $ 3.87 / Sliding Scale per thousand. <br />Total amount of premium charge is $ Premium Included on Performance Band . To be filled in by Surety <br />*Provide CONTRACTOR /ADMITTED SURETY name, address, and telephone number and the <br />name, title, address, and telephone member of authorized representative. <br />2 of RE -BID <br />