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BOND NO. 07646170 <br />PREMIUM $6,514.00 <br />A ltgchil ent B <br />BONN) FOR F81THFUL PERFORMANCE <br />KNOW ALL &('EN B1"11MSE PRESE1wTS THAT: <br />WHEREAS, The City of Santa Ana, State of California, and <br />RUIZ CONCRETE & PAVING,INC. <br />(bereitrafler designated as "Principal') Have entered into an agimotent %Waeby Principal agrees tti install and <br />complete certain designated public improvements; which said agreement, <br />dated SEPTEMBER 1, 20,15 <br />entitled" CITYWIDE CONCRETE IMPROVEMENTS, PROJECT NO. 16-6849" <br />is hereby mferged to and grade a parr hereof; and -- — <br />WHEREAS, said P10VO l is required under the terms of said agrtpment to furnish a Bond for Faithful <br />Performance of said agreement. <br />NOW, THEREFORE, we, the Principal and FIDELITY AND DEPOSIT COMPANY OF MARYLAND <br />as Surety, are held and firmly bound unto the City of Santa Ann (herematler Called -City-), j n the Aerial sum of <br />*SIX HUNDRED SEVEN THOUSAND NINETY—FOUR 33/100* DOLLARS ($607,094.33 )lawful <br />money of the United States, for the payment of which sum well and truly to be ,Wade, we bind ourselves, our <br />heirs, suocessots, executors and administrators. Jointly and severally; firmly by these presents. <br />The condition of this obligation is such that if the above 'bounded ftricipal, his or its heirs, executors, <br />administrators, successors or assigns, shall in ali things stand to and abide by, and well and m4y keep and <br />perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as <br />therein provided, on his or their pact, to be kept and performed at the time and in the manner therein specified, <br />and in all respects according to their true intent and meaning, and shall indemnify and save harmless City, its <br />officers, agents and employees, as therein stipulated, then this obligation shall become null and void;. otherwise it <br />shall be and retrain in fill force and effect. <br />As part of the obligation secured hereby and in addition to the face amount specified therefor, there shall be <br />Included costs and reasonable expenses and fees, including rrasonablo attorney's fees, incarrnd by City in <br />successfully enforcing such obligation, all to be laxed as costs and included in any judgment rendered. <br />9 <br />