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AIA Document A310 - Electronic Format <br />Bid Bond # OCDI00066 <br />KNOW ALI. MEN BY THESE PRESENTS, that we <br />Service [First Contractors Network dba Service First <br />2510 N. Grand Avenue, Ste.110 <br />Santa Ana, CA 92705 <br />as Principal, hereinafter called the Principal, and <br />The Ohio Casualty Insurance Company <br />175 Berkeley Street <br />Boston, MA 02116 <br />a corporation duly organized tinder the laws of the State of N.H as Surety, hercinattor called the Surety, are held and fierilyboundinto <br />City of Santa Ana <br />20 Civic Center Plaza, Room 429 <br />Santa Ana, CA 92702 <br />as Obligeo, hereinafter called the Obligee, in the sum of Not to exceed five percent of the bid amount****(not to exceed <br />5.00% of the bid amount) for the payment of which sum well and truly to be made, the said Principal and the said Surety, <br />bind ourselves, oar heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents. <br />WHEREAS, the Principal has submitted a bid for <br />Fountain Maintenance; REP No.21402 <br />NOW, THEREFORE, if the Obligee shall accept the bid of the Principal and the Principal shall enter into a contract with the <br />Obliges in accordance with the terms of such bid, and give such bond or bonds as may be specified in the bidding or Contract <br />Documents with good and sufficient surety for the faithful performance of such Contract and for the prompt payment of labor <br />and material furnished in the prosecution thereof, or in the event of the failure of the Principal to enter such Contract and give <br />such bond or bonds, if the Principal shall pay to die Obligee the difference not to exceed the penalty hereof between the <br />amount specified in said bid and such larger amount for which the Obligee may in good faith contract with another party to <br />perform the Work covered by said bid, then this obligation shall be null and void, otherwise to remain in full force and effect. <br />Signed and sealed this 28th day of September, 2021, <br />THIS DOCUMENT HAS IMPORTANT LEGAL. CONSEQUENCES: CONSULTATION WITH AN ATTORNEY IS <br />ENCOURAGED WITH RESPECT TO ITS COMPLETION OR MODIFICATION. AUTHENTICATION OF THIS <br />ELECTRONICALLY DRAFTED ALA DOCUMENT MAY BE MADE BY USING AIA DOCUMENT D401. <br />00400-1 <br />  <br />  <br />City Council 20 – 33 10/17/2023