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CITY OF SANTA ANA <br />BONDS <br />PROJECT NO.: 21-6458 <br />Bond Number: K40144481 <br />KNOW ALL MEN BY THESE PRESENTS that PALP Inc. dba Excel Paving Company <br />as CONTRACTOR, and Federal Insurance 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 finely bound unto <br />the City of Santa Ana, as AGENCY, in the penal slim of One hundred thirteen thousand six hundred and 00/100 <br />Dollars <br />($ 113,600.00 ), 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 />September 2, 2020 for Miscellaneous Storm Drain Repairs <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 />11th day of September 2020 . <br />CONTRACTOR* PALP Inc. dba Excel Paving Company 2230 Lemon Avenue, Long Beach, CA 90806 <br />Douglas A —Rapp, AAorney in Fact ' ' Rapp <br />Subscribed ang sworn to before me, <br />Sg�ke"tx 201P <br />Signature: <br />i <br />Notary PuZinandor the County of <br />I�I Vantis,gwc_eslu{teeri+, Aliso Viejo, CA 92656; 949-54M770 <br />F' a l this Jf _ day of <br />State of <br />Rate of premium on this bond is $ 625.00 per thousand. <br />Total amount of premium charge is $ varies . 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 />