ALL AMERICAN ASPHALT (ADAMS PARK PARKING LOT IMPROVEMENTS)

Home Browse Search

CITY OF SANTA ANA BONDS PROJECT NO.: 20-2707 ADAMS PARK PARKING LOT IMPROVEMENTS PAYMENT BOND Bond No. 7664609 Premium Included in Performance Bond Executed in: 3 Counterparts KNOW ALL MEN BY THESE PRESENTS that All American Asphalt as CONTRACTOR, and Fidelity and Deposit Company of Maryland a corporation, organized and existing under the laws of the State*, and duly authorized to transact business under the laws of the State of California, as SURETY, are held and firmly bound unto the City of Santa Ana, as AGENCY, in the penal sum of Sixty Seven Thousand Seven Hundred Sixty Seven and 0011 GO-- -------------_-- -- Dollars ($ 67,767.00 }, which is 100 percent of the total contract amount for the above stated project, for the payment of which sum, CONTRACTOR and SURETY agree to be bound, jointly and severally, firmly by these presents. *of Illinois THE CONDITIONS OF THIS OBLIGATION ARE SUCH that, whereas CONTRACTOR has been awarded and is about to enter into the annexed Contract Agreement with AGENCY dated November 23, 2020 for Project No.: 20-2707 Adams Park Parking Lot Improvements if CONTRACTOR or any subcontractor fails to pay for any labor or material of any kind used in the performance of the Work of Improvement to be done under said Contract Agreement, or fails to submit amounts due under the State Unemployment Insurance Act with respect to said labor, SURETY will pay for the same in an amount not exceeding the sum set forth above, which amount shall insure to the benefit of all persons entitled to file claims under the State Code of Civil Procedures; provided that any alterations in the work to be done, materials to be furnished, or time for completion made pursuant to the terms of the contract documents shall not in any way release either CONTRACTOR or SURE'l Y, and notice of said alterations is hereby waived by SURETY. IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this lard day of November 20 za CONTRACTOR* All American Shalt - 400 East Sixth Street, Corona, CA 92879 - SURETY* Fidelity and Deposit Company of I Willbrn.6,yMn, Attorney -in -Fact Subscribed and sworn to before me, _ , 20_. Signature: Notary Public in and for the County of - 777 S. Figueroa Street, Suite 3900, Los Lnj David Wei **Please See Attached" , this day of State of Rate of premium on this bond is $ 3.95 per thousand. Total amount of premium charge is $ Included in Performance Bond . To he filled in hp Surerp *Provide CONTRACTOR / ADMITTED SURETY name, address, and telephone number and the name, Idle, address, and Telephone number of awhorized represenlalive. 2 of 3