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CITY OF SANTA ANA <br />PROPOSAL <br />PROJECT NO, 14 -7516 AND 15 -7514 <br />RESIDENTIAL STREET REPAIR FY 13/14 & 14115 <br />KNOW ALL MEN BY THESE PRESENTS that, <br />PALP Inc. dba Excel Pavina Company , as BIDDER, and <br />Federal Insurance Company , as SURETY, <br />are held and firmly bound unto the CITY OF SANTA ANA, as AGENCY, In the penal sum of <br />Ten percent of the total amount of the bid Dollars ($ 10% 1, which is ten percent (10%) <br />of the total amount bid by BIDDER to AGENCY for the above- stated project, for the payment of <br />which sum, BIDDER and SURETY agree to be bound, jointly and severally, firmly by these <br />presents. <br />THE CONpiT[ON$ OF THIS OBLIGATION ARE SUCH that, whereas BIDDER is about to submit a <br />bid to AGENCY for the above- stated project, if said bid is rejected, or if said bid is accepted and <br />a contract is awarded and entered into by BIDDER In the manner and time specified, then this <br />obligation shall be null and void, otherwise R shall remain in full force and effect in favor of <br />AGENCY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this <br />16th day of March , 2016 . <br />BIDDER" <br />PALP Inc, dba Excel <br />SURETY* 0 "F- N", "I;2VDENT <br />sworn to before me <br />Signature: <br />Long Beach, CA 90806 <br />Warren, NJ 07059 <br />Notary Public in and forthe County of State of <br />this day of <br />*Provide BIDDER/ SURETY name, address, and telephone number and the name, title, address, <br />and telephone number of authorized representative. <br />BP -6 of 15 <br />23A -30 <br />