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CITY OF SANTA ANA <br />PROPOSAL <br />PROJECT NO. 15-6606:3" STREET TRAFFIC CALMING (FAID# U58DP005861) <br />Ell) BOND <br />KNOW ALL PRESENT that, <br />PALP Inc. dba Excel Paving Company <br />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% ), 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 stun, BIDDER and SURETY agree to be bound, jointly and severally, firmly by these <br />presents. <br />THE CONDITIONS OF THIS OBLIGATION ARE SUCII that, whereas BIDDER is about to <br />submit a bid to AGENCY for the above -stated project, if said bid is rejected, or if said bid is <br />accepted and a contract is awarded and entered into by BIDDER in the manner and time <br />specified, then this obligation shall be null and void, otherwise it shall remain in full force and <br />effect in favor of AGENCY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seat this <br />36th day of March 20 16, <br />BIDDER* <br />PALP Inc. db <br />SURETY* <br />D. Rapp, Attorney In Fact <br />ed and swom to before me <br />,20—. <br />Signature: <br />Notary Public in and for the County of <br />2230 Lemon <br />562-599-5641 <br />15 Mountain View Road, Warren. NJ 67059 <br />, State of <br />this. day of <br />* Provide BIDDER/ SURETY name, address, and telephone number and the name, title, <br />address, and telephone number of authorized representative. <br />P-7 of P-18 <br />