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EXECUTED IN 1 ORIGINAL COUNTERPART CITY OF SANTA ANA BOND NUMBER: 367373-P <br />BONDS <br />PROJ ECT NO.: 17-0151 <br />COUNCIL CHAMBERS CONFERENCE ROOM RENOVATION <br />FAITHFUL PERFORMANCE BOND <br />KNOW ALL MEN BY THESE PRESENTS that IRS CONSTRUCTION& DEVELOPMENT, INC. <br />as CONTRACTOR, and INDEMNITY COMPANY OF CALIFORNIA <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 NINETY THOUSAND &00n00 <br />Ian l l a rc <br />($ 90,000.00 ), 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 2ND, 2019 for COUNCIL CHAMBERS CONFERENCE ROOM RENOVATION <br />if CONTRACTOR faithfully performs and fulfills 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 <br />effect in favor of AGENCY; provided that any alterations in the obligations or time for <br />completion made pursuant to the terms of the contract documents shall not in any way release <br />either CONTRACTOR or SURETY, and notice of such alterations is hereby waived by <br />SURETY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this <br />9TH day of JULY , 20 19 <br />SURETY* <br />IRS CONSTRUCTION & DEVELOPMENT, INC. -1042 N. MOUNTAIN AVE. SUITE B # 552 UPLAND, CA 91786; 909-920-1144 <br />-ORNIA -17771 COWAN #100 IRVINE, CA 92614: 714-784-5539 <br />Subscribed and sworn to before me, <br />20_ <br />Signature: <br />Notary Public in and for the County of <br />Rate of premium on this bond is $ 25_00 <br />Total amount of premium charge is $ <br />VEGA, ATTORNEY -in -FACT <br />this day of <br />State of <br />per thousand. <br />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 />1 of 3 <br />