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BOND 11380800P <br />CITY OF SANTA ANA PREMIUM $1,329 <br />BONDS <br />PROJECT NO.: 16-2667 <br />SANTIAGO BIKE RESURFACING <br />FAITHFUL PERFORMANCE BOND <br />KNOW ALL MEN BY THESE PRESENTS that NPG, INC. <br />as CONTRACTOR, and DEVELOPERS SURETY AND INDEMNITY COMPANY <br />a corporation, organized and existing under the laws of the State, and duly authorized to transact <br />business under the laws of the State of California, as SURETY, are held and firmly bound unto <br />the City of Santa Ana, as AGENCY, in the penal sum of <br />SIXTY SIX THOUSAND FOUR HUNDRED SEVENTY-TWO AND NO/100 Dollars <br />($ 66, 472.00 ), which is 100 percent of the total contract amount for the above stated <br />project, for the payment of which sum, CONTRACTOR and SURETY agree to be bound, jointly <br />and severally, firmly by these presents. <br />THE CONDITIONS OF THIS OBLIGATION ARE SUCH that, whereas CONTRACTOR has <br />been awarded and is about to enter into the annexed Contract Agreement with AGENCY dated <br />NOVEMBER 15. 2016 for PROJECT NO. 16-2667; SANTIAGO BIKE RESURFACING , <br />if CONTRACTOR faithfully performs and fulfills all obligations in the performance of the Work <br />of Improvement to be done under said Contract Agreement in the manner and time specified <br />therein, then this obligation shall be null and void, otherwise it shall remain in full force and <br />effect in favor of AGENCY; provided that any alterations in the obligations or time for <br />completion made pursuant to the terms of the contract documents shall not in any way release <br />either CONTRACTOR or SURETY, and notice of such alterations is hereby waived by <br />SURETY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles an#s, and seal this <br />17TH day of <br />CONTRACTOR* <br />SURETY* <br />NOVEMBER 12016 <br />PERRIS, CA 92572 (951) 940-0200 <br />Subscribed and swom to before me, <br />20 <br />Signature: <br />this day of <br />Notary Public in and for the County of State of , <br />Rate of premium on this bond is $ 20.00 per thousand. <br />Total amount of premium charge is $ 1,329 . To be filled in by Surety <br />*Provide CONTRACTOR I ADMITTED SURETY name, address, and telephone number and the <br />name, title, address, and telephone number of authorized representative. <br />AUTHORIZED REPRESENTATIVE: <br />CULBERTSON INSURANCE SERVICES, INC. <br />5500 E. SANTA ANA CANYON RD., #201 <br />ANAHEIM, CA 92807 (714) 921-0530 <br />SPENCER FLAKE, VICE PRESIDENT <br />I of 3 <br />FACT <br />