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CITY OF SANTA ANA <br />PROPOSAL <br />PROJECT NO. 16-6851 <br />Newhope, Civic Center and Grand Bike Lanes <br />KNOW ALL PRESENT that, <br />, as BIDDER, and <br />, as SURETY, <br />are held and firmly bound unto the CITY OF SANTA ANA, as AGENCY, in the penal sum of <br />Dollars ($ ), 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 CONDITIONS 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 it 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 />day of 20_. <br />.IM <br />SURETY* <br />Subscribed and sworn to before me <br />,20—. <br />Signature <br />Notary Public in and for the County of <br />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 -7 <br />