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CITY OF SANTA ANA <br />PROPOSAL <br />PROJECT NO.: 15-6848 <br />BISHOP-PACIFIC-SHELTON BIKE BLVDS <br />KNOW ALL PRESENT 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 (S 1o% ), which i8 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 Or THIS ODLIGATION ARE EUCH that, whorona RIDDOZ ie. about to <br />.%limit a hid to AGENCY for tho above orated project, if said bid is rejected, or if acid hid i.a <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 naives, titles, hands, and seal this <br />5th day of _ September , 2016 . <br />BIDDER* <br />SURETY* <br />Douglas app, Attorney in Pact <br />Subscribed and swom to before me <br />,20—, <br />Signature: <br />Notary Public in and for the County of <br />908-903-2000 <br />State of <br />this day of <br />Provide RIMER/ SURETY name, address, and telephone number and the name, title, <br />address, and telephone number of authorized representative. <br />P-9 4f P-18 <br />