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~~ i <br /> <br />AttaChmerxt A <br />Premium charge for this bond <br />Bond No. 7613487 <br />included in Charge for Performance Bond Executed In One (1) Part <br />CONTRACTOR'S P,~.~MENT BOND <br />KNOW AJ.,)r MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the City of Santa Ana, State of California, and <br />All American Asphalt <br />(hereiuaRer designated as "Principal") ]Dave entered into an agreement whereby Principal agrees to install and <br />co~mplete cextaiu. designated public innpravements, which said agreement, dated <br />entitled" Project_No. 1'0-6718; Residential Street Repair Phase XII +~ <br />is hereby refcrrod to and made a part hereof; and <br />VVI~REAS, under the terms of said agreement, Principal is required before entering upon the performance of the <br />work, to file a goad and sufficient Contractor's Payment Hond with the City of Santa Ana to secure the claims W <br />which reference is made in Tice IS, (commencing with Section 3082) of Part 4 of Division 3 of the Civil Cade of <br />the State of California. <br />NOW T1~REl;OItE, said Principal and the uridcrsigned as corporate Surety, arc held firmly bound unto the <br />CITY OF SANTA ANA, and all contractors, subcontractors, laborers, matcrialzrten and other persons employed <br />in the performanco of the aforesaid agreement and referred to in the aforesaid Civil Cado, in the sum of <br />**See Bond Amount Below DO):.I.AILS (52,929195.00 1, <br />for rraaterials furnished or labor thereon of any kind, or far amounts due under the Unemployment Insurance Act <br />with respect to such work or labor or for arty amounts required to be deducted, withheld and paid wer to the <br />Franchise Tax Board from the wages of errrployees of the Principal and his subcontractors .pursuant io section : _... <br />18806 of the Rcvcnuo and Taxation Code, with iregpect to Such work and labor; drat said Surety will pay the same <br />in an amount not exceeding the amount hereinabovc set forth, and also in case suit is brought upod this Bond, <br />will pay, in additiott to the face amount thereoiy oasts and reasonabte expenses and fees, including reasonable <br />attorney's fees, incurred by the City in succesy-fi>lly enforcing such obligation, to be awarded and &xcd by the <br />court, and to be taxed as costs aztd to be included in the judgm~emt therein rendered, ' <br />lT IS HER>;BY E]Q~'RESSLX STIPULATED AND AGREED that this Band shall inure to the benefit of any and <br />ail persons, companies and corporations entitled to file Claims under Title 15 (wmmcnciag with Section 31)82) of <br />fart 4 ot; Division 3 of the Civil Cade, so as to give a right of action to them or their assigias in auy suit brought <br />upon tl-is Hoed. <br />Should the condition of this bond be fully pcrfarrued, then this obligation shall become null and void, otherwise it <br />shall be and remain in full force and effect. <br />1 <br />**Bond Amount: Two Million, Nine Hundred Twenty Nine Thousand, One Hundred Ninety Five and No/100ths($2,929,195.00) Dollars <br />