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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 & 14/15 <br />KNOW ALL MEN BY THESE PRESENTS that, <br />PALP Inc. dba Excel Paving 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% i, 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 settheir names, titles, hands, and seal this <br />16th day of March , 2015 . <br />BIDDER` <br />2230 Lemon Avenue <br />Long Beach, CA 90806 <br />(562) 599-5841 <br />SURETY* G-. F- F'Fr'!'9if, P(, EG'T'�NT <br />Fedgral Insurance Company 15 Mountain View Road <br />sworn to before me <br />Signature: <br />Notary Public in and forthe County of <br />Warren, NJ 07059 <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 />i3P-6 of 15 <br />