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CITY OF SANTA ANA <br />PROPOSAL <br />PROJECT NO.: 23-6999 <br />TRAFFIC SIGNAL INSTALLATION AT CHESTNUT AVENUE AND ELK LANE <br />KNOW ALL PRESENT that, <br />Baker Electric & Renewables LLC as BIDDER, and <br />Fidelity and Deposit Company of Maryland , as SURETY, <br />are held and firmly bound unto the CITY OF SANTA ANA, as AGENCY. in the penal sum of <br />Ten Percent of Amount Bid Dollars (S 10% ). which is ten percent (10%) <br />of the total amount bid by BIDDER to AGENCY for the above -stated project. for the payment of <br />which sum. BIDDER and SURETY agree to be bound, jointly and severally. firmly by these <br />presents. <br />THE CONDITIONS OF THIS OBLIGATION ARE SUCH that, whereas BIDDER is about to <br />submit a bid to AGENCY for the above -stated project. if said bid is rejected, or if said bid is <br />accepted and a contract is awarded and entered into by BIDDER in the manner and time <br />specified, then this obligation shall be null and void, otherwise it shall remain in full force and <br />effect in favor of AGENCY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles. hands, and seal this <br />15th day of September , 2023 . <br />BIDDER* <br />Baker Electric & Renewables LLC <br />1298 Pacific Oaks Place, Escondido, CA 92029 (760) 745-2001 Title: Ted N. Baker, President <br />SURETY* <br />Fidelity and Deposit Company of Maryland <br />By: <br />Title: <br />F. McMahon, <br />777 S. Rgueroa Street, Ste 3900, Los Angeles, CA 90017, (213) 270-0600 Attorney in -Fact <br />Lawrence F. McMahon, 701 B Street, 6th Floor, San Diego, CA 92101, (619) 238-1828 <br />Subscribed and sworn to before me this <br />20 <br />Signature: <br />Notary Public in and for the County of <br />State of <br />day of <br />* Provide BIDDER/ SURETY name. address. and telephone number and the name, title. <br />address. and telephone number of authorized representative. <br />Please See Attached California All -Purpose Acknowledgment for Surety <br />P-8 of P-18 <br />