Laserfiche WebLink
PREMIUM IS SUBJECT TO CHANGE BASED ON THE FINAL CONTRACT AMOUNT <br />CITY OF SANTA ANA <br />BONDS <br />PROJECT NO.: 16-2655 <br />Bond No.S001-4418 <br />Premium: $1,361.00 <br />FAITHFUL PERFORMANCE BOND <br />KNOW ALL MEN BY THESE PRESENTS that California Professional Engineering Inc. <br />as CONTRACTOR, and Allied World Insurance Company <br />a corporation, organized and existing under the laws of the State, and duly authorized to transact <br />business under the laws of the State of California, as SURETY, are held and firmly bound unto <br />the City of Santa Ana, as AGENCY, in the penal sum of Ninety Four Thousand Five Hundred & 00/100 <br />Dollars <br />($ 94 500.00 1, 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 />September 5, 2017 for Thornton Park Security Lighting Project <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, hands, and seal this <br />7thday of September 20 17 <br />CONTRACTOR*Ca`fornia Professi � al Engineering Inc., 929 Otterbein Avenue, Ste. E, La Puente, CA 91748, T: 626-810-1338 <br />550 S. Hope Street, Suite 1825, Los Angeles, CA 90071, T: 213-416-1453 <br />Yung T. Mullicl o - act, 800 Chr�nta Drive, Suite 160, Mission Viejo, CA 92691, T: 949-461-7000 <br />Subserib n and sworn to b ore me, See Attached this —____day of <br />20_. <br />Signature: <br />Notary Public in and for the County of State of <br />Rate of premium on this bond is $ 14.40 per thousand. <br />Total amount of premium charge is $ 15361.00 . To be filled 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. <br />I of <br />