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THE FINAL PREMIUM IS <br />PREDICATED ON THE <br />FINAL CONTRACT PRICE <br />CITY OF SANTA ANA <br />BONDS <br />PROJECT NO.: 17-7522 and 15-6836 <br />PAYMENTBOND <br />Bond No, 381761P <br />Premium: See <br />Performance Bond <br />KNOW ALL MEN BY THESE PRESENTS that Gentry General Engineering, Inc. <br />as CONTRACTOR, and Develooers 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 Five Hundred Sixty Eight Thousand Three <br />Hundred and 00/100 Dollars <br />($ 568,300.00 ), 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 />June 20, 2017 for Residential Street Repair Program <br />if CONTRACTOR or any subcontractor fails to pay for any labor or material of any kind used in <br />the performance of the Work of Improvement to be done under said Contract Agreement, or fails <br />to submit amounts due under the State Unemployment Insurance Act with respect to said labor, <br />SURETY will pay for the same in an amount not exceeding the sum set forth above, which <br />amount shall insure to the benefit of all persons entitled to file claims under the State Code of <br />Civil Procedures; provided that any alterations in the work to be done, materials to be furnished, <br />or time for completion made pursuant to the terms of the contract documents shall not in any <br />way release either CONTRACTOR or SURETY, and notice of said alterations is hereby waived <br />by SURETY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this <br />10th__ day of July 2017 . <br />9277 Archibald Avenue <br />CONTRACTOR* Gentry General Engineering, Inc. Rancho Cucamonga, CA 91730 (909) 330-1128 <br />500 S. Kraemer Blvd., Suite 300 <br />SURETY* Developers Surety and Indemnity Company Brea CA 92821 (714) 784-5660 <br />Dwight Reilly, Attorney -in -Fact, 1411 N. Batavia St., Suite 201, Orange, CA 92867 (714) 516-1232 <br />Subscribed and sworn to before me, this day of <br />20 <br />Signature: <br />Notary Public in and for the County of <br />State of <br />Rate of premium on this bond is $ See Performance Bond per thousand. <br />Total amount of premium charge is $ See Performance Bond . 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 />2 of 3 <br />