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CITY OF SANTA ANA RE -BID <br />BONDS Bond No. 9342347 <br />PROJECT NO.: 17-6876 <br />CROSSWALK UPGRADES PHASE lI <br />FEDERAL PROJECT NO: HSIPL 5063(186) <br />FAITHFUL PERFORMANCE BOND <br />KNOW ALL MEN BY THESE PRESENTS that ElecnorBelco Electric, Inc. <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 Two Hundred Eighty Five Thousand Two <br />Hundred Ninety Five and 00/100 Dollars <br />($ 285,295.00 ), 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 />March 17, 2020 for Project No. 17-6876 Crosswalk Upgrades Phase ll [HSIPL-5063 (186)] <br />if CONTRACTOR faithftilly 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 effect <br />in favor of AGENCY; provided that any alterations in the obligations or time for completion made <br />pursuant to the terms of the contract documents shall not in any way release either CONTRACTOR <br />or SURETY, and notice of such alterations is hereby waived by SURETY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this <br />5th day of March , 2020 <br />CONTRACTOR* ElEltriq Inc., dllrq�o <br />, 14320 Albers Way, Chino, CA 9171 Q, <br />1 c1: (999) 993-5470 ext 254 <br />* Fidelity and Deposit Company of Maryland, 1299 zunch <br />SURETY Ann.: Mamaret Hentz. 777 Soudi Fieueroa St., Ste 3900 Los Aneele <br />Subscribed and sworn to before me, <br />, 20_ <br />Signature: <br />Notary Public in and for the County of <br />State of <br />IL 60196-1056, Tel: (847) 605-6000 <br />this day of <br />Rate of premium on this bond is $ 3.87 / Sliding Scale per thousand. <br />Total amount of premium charge is $ 1,021.00 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 />1 of RE -BID <br />