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CITY OF SANTA ANA
<br />BONDS
<br />PROJECT NO.: 16-2655
<br />PAYMENTBOND
<br />Bond No. S001-4418
<br />Premium listed on 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 ), 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 Lightinq Project ,
<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 />7th day of September ) 20 17 .
<br />CONTRACTOR*13aS.
<br />Profering Inc., 929 Otterbein Avenue, Ste. E, La Puente, CA 91748, T: 626-810-1338
<br />cr ro r.T�.orld Insur Hope Street, Suite 1825, Los Angeles, CA 90071, T: 213-416-1453
<br />Yung T. M k, Attorney -in -Fa , 24800 Chrisanta Drive, Suite 160, Mission Viejo, CA 92691, T: 949-461-7000
<br />Subs ed and sworn before me, see Attached this i;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 $ 1,361.00 . 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 />2oF3
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