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City of Santa Ana Grant Agreement No. 19-098 Page 5 SIGNS AND ACKNOWLEDGMENT Prior to beginning the project,the grantee shall submit, for review and written approval by the Executive Officer, a plan for the installation of signs and acknowledgment of Conservancy support. Except as the Executive Officer agrees otherwise,the plan shall commit the grantee to mention the Conservancy's support in its project-related press releases,contacts with the media, and social media postings,and on its website. The plan shall commit the grantee to shall install and maintain a sign or signs visible from the nearest public roadway identifying the project,acknowledging Conservancy assistance and displaying the Conservancy's Iogo. The Conservancy shall provide to the grantee specifications for the signs. The grantee may incorporate the required information into other signs as approved by the Executive Officer. In special circumstances,where the placement of signs or the general specifications are inappropriate,the Executive Officer may approve alternative,more appropriate methods for acknowledging the sources of funding. The grantee sign plan shall describe the number,design, placement and wording of the signs, or the specifications of a proposed, alternative method. The grantee shall implement the approved signs and acknowledgment plan. The Conservancy will withhold final disbursement until the signs are installed as approved by the Conservancy. BONDING If the grantee intends to use any contractors on any portion of the project to be funded under this agreement, construction shall not begin until each contractor has furnished a performance bond in favor of the grantee in the following amounts: for faithful performance, one hundred percent (100%)of the contract value; and for labor and materials, one hundred percent(100%)of the contract value. This requirement shall not apply to any contract for less than$20,000. Any bond furnished under this section shall be executed by an admitted corporate surety insurer licensed in the State of California. COSTS AND DISBURSEMENTS When the Conservancy determines that all "CONDITIONS PRECEDENT TO CONSTRUCTION AND DISBURSEMENT"have been fully met,the Conservancy shall disburse to the grantee,in accordance with the approved project budget, a total amount not to exceed the amount of this grant, as follows: The withholding for this agreement is five percent. The Conservancy shall disburse funds for costs incurred to date, Iess five percent, upon the grantee's satisfactory progress under the approved work program, and upon the grantee's submission of a"Request for Disbursement"