Item 19 - Award Construction Contract for the 17th Street Rehabilitation from Fairview Street to Flower Street Project

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CITY OF SANTA ANA BONDS PROJECT NOS.: 21-6980, 21-6979 17TH STREET REHABILITATION PAYMENT BOND Bond No. 7670937 Premium is included in the performance bond Executed in: 2 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 One Million Eight Hundred Ninety Nine Thousand Nine Hundred Eighty Three and 00/100 Dollars ($ 1,899,983.00 ), 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 October 17, 2023 for PROJECT 21-6979 & 21-6980 - 17TH STREET REHABILITATION FROM FAIRVIEW ST TO FLOWER ST 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 SURETY, 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 17th _ day o f October 2023 SUT_LETY* Fidelity and Deposit Company of Maryland - 777 S. Figueroa Street, Suite 3900 Los Angeles, CA 90017 Jorge Correa (213) 270-0600 .i!*ecca Haas -Bates, Attorney -in -Fact S&-scrib :d and sworn to before me, **Please see attached** , this day of 20 S1f, n tt re: Notary Public in and for the County of , State of Rate of premium on this bond is $ N/A per thousand. Total amount of premium charge is $ is included in the performance bond. To be filled in by Surety *Provide CONTRACTOR /ADMITTED SURETY name, address, and telephone number and the name, title, address, and telephone number of authorized representative. 2of3