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CITY OF SANTA ANA
<br />BONDS
<br />PROJECT NO.: 17-6611
<br />f�\_'I1Tll_ ► ' C 1 '1
<br />Bond No. 24070290
<br />KNOW ALL MEN BY THESE PRESENTS that Cal Stripe. Inc.
<br />as CONTRACTOR, and Liberty Mutual Insurance 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 />Eighty Four Thousand Eight Hundred Seventy Five and 40/100 Dollars
<br />($ 84,875.00 ), 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 />May 2, 2017 for Project No. 17-6611, Chestnut Avenue and Bush/Cypress Bike Lanes ,
<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 />Loth day of May 2017 .
<br />Steve
<br />* Cal Stripe, Inc., 2040 E. Steel Road, Colton, CA 92324, 909-884-7170
<br />Liberty Mutual Insurance Company, 790 The City Drive South, Suite 200, Orange, CA 92568, 714-634-5712
<br />uove xreec, �Ulte mu, ivewport eeacn, LA 92bbU,
<br />Subscribed and sworn to before me,
<br />20
<br />Signature: Please See Attached California All -Purpose Acknowledgment
<br />Notary Public in and for the County of
<br />State of
<br />this day of
<br />Rate of premium on this bond is $ 9.77 per thousand.
<br />Total amount of premium charge is $ Included in Performance Bond . To be,Jilled in by Surety
<br />*Provide CONTRACTOR /ADMITTED SURETY name, address, and telephone number and the
<br />name, title, address, and telephone number of authorized representative.
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