23A - PROJ - BIKEWAY IMPROVEMENTS

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o D Fidelity and Deposit Company of Maryland Aofi� Home Office: P.Q. Box 1227. Baltimore. MD 2120$-1227 4� BID BOND KNOW ALL MEN BY THESE PRESENTS: That we, ALL AMERICAN ASPHALT BOND NO. 085 97 423 , as Principal, (hereinafter called the "Principal'), and FIDELITY AND DEPOSIT COMPANY OF MARYLAND P.O. Box 1227, Baltimore, Maryland 21203, a corporation drily organized under the laws of the State of Maryland, as Surety, (hereinafter called the "Surety"), are held and firmly bound unto City of Santa Ana as Obligee, (hereinafter called the "Obligee "), in the sum of TEN PERCENT OF THE TOTAL BID PRICE IN- - - - - -- Dollars ($ 10% OF TOTAL BID PRICE ), far 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, 13 -6796 — Chestnut Avenue Class II Bikeway from Standard Ave. to Orand Ave.; CM- 5063(148), Project No, 14 -6813 — Alley improvement —FY 13/14, Project No. 14 -6803 — Chestnut Avenue Rehabilitation From Broadway to Main Street. 14 NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a contact 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 the 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 difference 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 parry 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 31st day of July A.D 2014 ALL 7� � �.�� ✓OYIVIA'"(hom', I d-xej wirnesa R. Paramo, Notary Public Witness ASPHALT (SEAL) Title FIDELITY AND DEPOSIT COMPANY OF MARYLAND Surety By f6 iii =o (SEAL) Rebecca Haas -Bates Attorney -in -Fact Printed In cooperation witty the American Institute of Architects (At A) by Fidelity and Deposit Company of Maryland . Fidelity and Deposit Company of Maryland vouches that ate language in the document conforms exactly to the language used in AJA Document A -310, February 1970 Edition. BID70000ZZ0701f 23A -39