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EXECUTED IN ONE COUNTERPART <br />BOND# 7645933 <br />PREMIUM: $1,353 <br />Attachment B <br />BOND FOR FAITHFUL PERFORMANCE <br />KNOW ALL MEN BY THESE PRESENTS TiIAT: <br />WHEREAS, The City of Santa Ana, State of California, and <br />BEN'S ASPHALT, INC. <br />(hereinafter designated as "Principal") have entered into an agreement whereby Principal agrees to <br />complete certain designated public improvements, which said agreement, <br />dated AUGUST 4, 2015 , <br />entitled"- PROJECT NO. 13-2638 PORTOLA PARK IMPROVEMENTS <br />is hereby referred to and made a part hereof; attd <br />WHEREAS, said Principal is required under the terns of said agreement to furnish a Bond for Faithful <br />Performance of said agreement. <br />NOW, THEREFORE, we, the Principal and -FIDELITY AND DEPOSIT COMPANY OF AMERICA <br />as Surety, are held and firmly bound unto the City of Santa Arta (hereinafter called "Ca/,'), in the petal sum of <br />ONE HUNDRED EIGHTY—SEVEN THOUSAND <br />ONE HUNDRED FORTY—SIX & NO/100'S DOLLARS (S 187,146.00 )lawful <br />money of the United States, for the payment of which sum well and truly to be made, we bind ourselves, our <br />heirs, successors, executors and administrators, jointly and severally, firmly by these presents. <br />The condition of this obligation is such that if the above bounded Principal, his or its heirs, executors, <br />administrators, successors or assigns, shall in all things stand to and abide by, and well and truly keep and <br />perform the covenants, conditions and provisions in the said agreement and any alteration thereof made as <br />thereinprovided„ on his or their part, to be kept and performed at the time and in the manner therein specified, <br />and in all respects according to their true intent and meaning, and shall indemnify and save harmless City, its <br />officers, agents and employees, as therein stipulated, then Oils obligation shall become null and void; otherwise it <br />sit" be and remain in full force and effect. <br />As part of the obligation secured hereby and in addition to the face amount specified therefor, there shall be <br />included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in <br />successfidly enforcing such obligation, all to be taxed as costs and included in any judgment rendered. <br />I <br />