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Bond No. 7657095 <br />CITY OF SANTA ANA Premium: $6,219.00 <br />Bobs Premium is for contract term and is subject <br />to adjustment based on final contract price <br />PROJECT NO.: 18-6907 Executed in: 2 Counterparts <br />LOCAL STREET PREVENTATIVE MAINTENANCE FY 2017-18 <br />FAITHFUL PERFORMANCE BOND <br />KNOW ALL MEN BY THESE PRESENTS that All American Asphalt <br />as CONTRACTOR, and Fidelity and Deposit Company of Maryland <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 One Million Five Hundred Seventy Four <br />Thousand Five Hundred Thirty Nine and 00/100 Dollars <br />($1,574,539.00 ), 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. `of Maryland <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 5, 2018 for Project No.: 18-6907 - Local Street Preventative Maintenance FY 2017-18 , <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 />8th`_tjayof June 2018 <br />- 400 East Sixth Street. Corona, CA 92879 - Phone <br />fiwlr wuw 8 n wiuviii6 <br />SURETY* Fidelity and Deposit Company of Maryland - 777 S. Figueroa Street, Suite 3900, Los Angeles, CA 90017 <br />^ aiva= David Wei(213)270-0600 <br />Rebecca Haas -Bates, Attorney -in -Fact <br />Subscribed and sworn to before me, "'Please See Attached`* this day of <br />20_ <br />Signature: <br />Notary Public in and for the County of <br />Rate of premium on this bond is $ 3.95 <br />Total amount of premium charge is $ 6 <br />•M <br />State of <br />perthousand. <br />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 />1 of 3 <br />