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CITY OF SANTA ANA Bond Number; 4443240 <br />BONDS Premium included in <br />PROJECT NO.: 21-6446 charge for Performance <br />BAKER-GLENWOOD SEWER MAIN UPGRADE Bond <br />PAYMENT BOND <br />KNOW ALL MEN BY THESE PRESENTS that Big Ben Inc. <br />as CONTRACTOR, and Markel 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 Seven Hundred Seven Thousand Seven Hundred <br />Thirty Three an no/100 Dollars <br />($ 707.733.00 ), 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 />April 6, 2012 for Baker -Glenwood Sewer Main Upgrade Project No. 21-6446 <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 />13th day of April 12021 <br />CONTRACTOR* Big Ben Inc. 4790 Irvine Blvd., #105-404, Irvine, CA 92620 Phone: 949-400-1800 <br />���SVRgry�O,, S '['I'* Markel Insurance Com an 4521 Highwoods Parkwa ,Glen Allen, VA 23060 Phone: 800-431-1270 <br />.?.oi�oggr oL ` <br />Cynthia J. Young, Attorney -In -Fact <br />y° SEAL a AMam ance Se s, c. 685 a t Carnegie Drive, Suite 265, San Bernardino, CA 92408 Phone: 999-88-9861 <br />Subscribed and sworn o befo me, � (UN� this t b day of <br />COMM.k 2849740 <br />Signature: �' £ NGT�ORANGEI COUNTY <br />ONNM N <br />°w,o,,�' MY Como. Ea. MAR. 22, 2025� <br />Notary Public in and for the County of r)'a t? , State of Ca ail �r vt <br />Rate of premium on this bond is $ per thousand. <br />Total amount of premium charge is $ 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 <br />