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City of Santa Ana <br />Grant Agreement No. G25-073 <br />Page 5 <br />3. Maintenance of the sign(s) for the duration of this agreement. <br />4. Locating the sign(s) where both visible to the public and protective of natural resources. <br />The Signage and Acknowledgement Plan must describe all of the above plan elements in detail, <br />including the number, design, placement, and wording of the sign(s), and sign maintenance <br />activities and schedule. <br />If the project's location, features, or other circumstances cause placement of signs or the sign <br />specifications to be unsuitable, the Executive Officer may approve alternatives to signs, or to the <br />sign specifications, that are more appropriate for the project while also acknowledging <br />Conservancy funding. <br />C. Compliance with Signage and Acknowledgement Plan <br />Prior to completion of the project, the grantee shall install the sign(s) and provide the other <br />methods of acknowledgment in accordance with the approved Signage and Acknowledgement <br />Plan. The grantee shall comply with the approved Signage and Acknowledgement Plan for the <br />duration of this agreement. <br />VIL BONDING <br />If the grantee intends to use any contractors on any portion of the project to be funded under this <br />agreement, the grantee shall not begin construction until each contractor has furnished a <br />performance bond in favor of the grantee in the following amounts: for faithful performance, <br />one hundred percent (100%) of the contract value; and for labor and materials, one hundred <br />percent (100%) of the contract value. This requirement does not apply to any contract for less <br />than $250,000. <br />Any bond furnished under this section must be executed by an admitted corporate surety insurer <br />licensed in the State of California. <br />VIII. COSTS AND DISBURSEMENTS <br />When the Conservancy determines that all conditions in section It. CONDITIONS <br />PRECEDENT TO CONSTRUCTION AND DISBURSEMENT have been fully met, the <br />Conservancy shall disburse to the grantee a total amount not to exceed the amount granted under <br />this agreement, in accordance with the work program and this section. <br />A. Timing of Disbursement <br />The Conservancy will disburse funds after the grantee has incurred costs and expenses, upon the <br />grantee's satisfactory progress under the approved work program, and upon the grantee's <br />