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Bond No.7664629 <br />Premium Included in Performance Bond <br />CITY OF SANTA ANA Executed in: 2 Counterparts <br />BONDS <br />FEDERAL PROJECT NO. CML-5063(183) <br />CITY PROJECT NO. 18-6908 <br />BRISTOL STREET PROTECTED BIKE LANES FROM EDINGER TO 1ST <br />PAYMENT 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 One Million Nine Hundred Sixty Seven Thousand <br />Four Hundred Thirty Six & 00/100-------------______________ Dollars <br />($ 1,967,436.00 ), 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. * 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 />December 15, 2020 for Federal Project No, CML-5063(183)-OMy Project No.1"909-&M1tol Street Pmlecktl Bike lane. Item Edi.,rAo.roo to lc, <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 />15th day of December , 2020 <br />k All meripan Asphalt 400 East Sixth St, C <br />i <br />and Deposit Company of Maryland 777 S. <br />Subscribed and sworn to before me, <br />20_ <br />Signature: **See Attached** <br />Notary Public in and for the County of <br />CA, 92979 (951) 736-7600 <br />Suite 3900, Los Angeles, CA 90017 <br />State of <br />David Wei (213) 270-0600 <br />this day of <br />Rate of premium on this bond is $ 3.95 per thousand. <br />Total amount of premium charge is $ Included in Performance Bond . 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 />2of3 <br />