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Last modified
8/19/2024 9:44:48 AM
Creation date
10/28/2021 4:12:07 PM
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Contracts
Company Name
REPUBLIC SERVICES
Contract #
A-2021-171
Agency
Public Works
Council Approval Date
8/17/2021
Expiration Date
6/30/2032
Insurance Exp Date
6/30/2025
Destruction Year
2037
Notes
For Insurance Exp. Date see Notice of Compliance
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EXHIBIT 4 <br />CONTRACTOR'S FAITHFUL PERFORMANCE BOND <br />KNOW ALL MEN BY THESE PRESENTS: <br />That , a California , as PRINCIPAL, and <br />a Corporation organized and doing business by <br />virtue of the laws of the State of California, and duly licensed for the purpose of <br />making, guaranteeing, or becoming sole surety upon bonds or undertakings required or <br />authorized by the laws of the State of California, as SURETY, are held and firmly bound <br />to City, hereinafter called OBLIGEE, in the penal sum of two -million, five -hundred <br />thousand dollars ($2,500,000) lawful money of the United States, for the payment of <br />which, well and truly to be made, we and each of us hereby bind ourselves, and our <br />and each of our heirs, executors, administrators, successors, and assigns, jointly and <br />severally, firmly by these presents. <br />NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH THAT: <br />WHEREAS, the above bounden PRINCIPAL has entered into a contract, entitled <br />"COLLECTION AND HANDLING OF SOLID WASTE GENERATED, PRODUCED <br />AND/OR ACCUMULATED IN THE CITY OF SANTA ANA" with City, to do and <br />perform the following work, to wit: Collect, Process and Dispose of Solid Waste <br />generated within City, in accordance with the contract. <br />NOW, THEREFORE, if the above bounden PRINCIPAL shall well and truly perform, or <br />cause to be performed each and all of the requirements and obligations of said contract <br />to be performed by said PRINCIPAL, as in said contract set forth, then this BOND shall <br />be null and void; otherwise it will remain in full force and effect. <br />And the said Surety, for value received hereby stipulates and agrees that no change, <br />extension of time, alteration or addition to the terms of the contract or to the work to be <br />performed thereunder or the specifications accompanying the same shall in any wise <br />affect its obligations on this BOND, and it does hereby waive notice of any such change, <br />extension of time, alteration or addition to the terms of the contract or to the work or to <br />the specifications. <br />August 17, 2021 4-1 City of Santa Ana <br />
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