ALL AMERICAN ASPHALT (CITYWIDE RESIDENTIAL STREET REPAIR - PHASE 15)

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o ? Fidelity and Deposit Company of Maryland <<; y Home OfFce: P.O. Boz 1227. Baltimore. MD 2 1 203-1227 ' ? BID BOND KNOW ALL MEN BY THESE PRESENTS: That we, ALL AMERICAN ASPHALT BOND NO. 085 97 423 as Principal, (hereinafter called the "Principal"), and FIDELITY AND DEPOSIT COMPANY OF MARYLAND P.O. Box 1227, Baltimore, Maryland 21203, a corporation duly organized under the laws of the State of Maryland, as Surety, (hereinafter caOed the "Surety"), are held and firmly bound unto City of Santa Ana as Obligee, (hereinafter called the "Obligee"), in the sum of TEN PERCENT OF THE TOTAL BID PRICE IN-------- Dollars ($ 1 O% OF TOTAL BID PRICE ), for the payment of which sum well and truly to be made, the said Principal and the said Surety, bind ourselves, our heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. WHEREAS, the Principal has submitted a bid for PROJECT NO. 11-7509 CITYWIDE RESIDENTIAL STREET REPAIR -PHASE 15 Bid Date: February 23, 20'1'1 NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a contract with the Obligee in accordance with the terms of such bid and give such bond or bonds as may be specified in the bidding or contract documents with good and sufficient surety for the faithful performance of such contract and for the prompt payment of labor and material furnished in the prosecution thereof, or in [he event of the failure of the Principal to enter into such contract and give such bond or bonds, if the Principal shall pay to the Obligee the difYerence not to exceed the penalty hereof between the amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to perform the work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. Signed and sealed this 17th day of February A D 20'1'1 ALL AMERICAN ASPHALT (SEA C.) r?i J 0 J ?-ao ? ?]??? rincipa! Wrtness ? ? ? FIDELITY AND DEPOSIT COMPANY OF MARYLAND .Surety BY - - -???? (SEAL) Barbara J. Bender Witness Rebecca Haas-Bates , Attorney-in-Fncr Printed in cooperation with [he American Institute of Archi[cc[s (AIA) by Fiddiry and Deposit Company of Maryland . Fidelity and Deposit Company of Maryland vouches that the language in [he document conforms exactly to the language used in AIA Documcnt A-310, February 1970 Edition. BID70000ZZ0701f