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RESOLUTION NO. 78-69 PAGE FOUR BID SECURITY All proposals or bids shall be accompanied by a check payable to the City and certified by a responsible bank or a cashier's check made payable to said City, f6r an amount which shall be not be less than ten percent (10%) Of the aggregate of the proposal, or by a bond for said amount and so payable, signed by the bidder and two sereties, who shall justify before any officer competent to administer an oath, in double the said amount and over and above all statutory exemptions, or by a corporate Surety Bond. PROPOSALS Said proposals or bids shall be delivered to the Purchasing Agent of the City of SANTA ANA , California, on or before the 6th day of' ' JULY~ 1978 , at the hour of o'cloc---~-~.M. Of ~id d~t'e, said .time being not less than ten (10) day--the time of the first publication or posting of this Notice. Bids will then be opened on said day and hour at a public meeting so called and presented to the legislative body at the next regular meeting of said City Council. Bids will be opene~ by the City Clerk on said day and hour at a public meeting in the Council Chambers of said City. The City Council reserves the right to reject any and all proposals or bids, should it deem this necessary for the public good, and also the bid of the bidder who has been delinquent or unfaithful in any former contract with the City. Proposals must be submitted on the blank forms prepared and furnished for the purpose and which may be obtained at the Office of the City Engineer. Bidders may obtain copies of the plans, profiles and spe- cifications for the contemplated improvement, and for further infor- mation and copies of specifications, drawings, bidding instructions and requirements, apply to the Office of the City Clerk. PROCEEDINGS The attention of all bidders is directed to the fact that this is not a cash contract but is a contract under the "Improvement Act of 1911" being Division 7 of the Streets and Highways Code of the State of California, and payment will be made in accordance with the provisions of said Act. BONDS The Contractor will be required to furnish with the contract a Faithful Performance Bond in the amount of 100 % of the agg- regate amount of the bid, and a Labor and Materia~ Bond in the amount of 50 %. The Contractor will also furnish certificates of insurance evidencing all insurance coverage as required by the specifications has been so secured. Further attention is directed to the following: The City will provide, at no expense to the Contractor or his assigns, the unqualified legal opinion of F. 5~CKENZIE BROWN, Attorney at Law, attesting to the validity of the proceedings and the enforceability of the bonds. Said opinion will be delivered at the time of delivery of bonds. -2-