EAGLE ENGINEERING & DEVELOPMENT, INC.

Home Browse Search

Bond No. 106136144 This bond was executed in two(2) identical counterparts THE FINAL PREMIUM IS PREDICATED ON THE CITY OF SANTA ANA FINAL CONTRACT PRICE BONDS Project No. 14-6801: McFadden Avenue from Newhope Street to Harbor Boulevard Project No. 14-6804: Civic Center Drive from Main to Spurgeon Street Project No. 14-6811: Memory Lane from Main Street to North City Limit PAYMENT BOND KNOW ALL MEN BY THESE PRESENTS that Eagle Engineering and Development Inc. as CONTRACTOR and Travelera casualty and surety Company of Amarica 'a corporation organized and existing under the laws of the State, and duly authorized to transact business under the laws of the State of California, as SURETY are held and firmly bound onto the City of Santa Ana, as AGENCY, in the penal One Mullan Three Hundred Forty Two Thousand Six Hnndred 'twelve SUM of and 13i1oo Dollars ($ 1,342, 612.13 ) which is 100 percent of the total contract amount for the above stated project, for the payment of which sum, CONTRACTOR and SURETY agree to be bound, jointly and severally, firmly by these presents. THE CONDITIONS OF THIS OBLIGATION ARE SUCH that, whereas CONTRACTOR has been awarded and is about to enterintothe annexact No. ed Contract Anuegreemenrim t with eAGENe Y dated - Prg;eet Nn.14-6eos:cisie center June 16th, 2015 for Drive from Main to Spurgeon Street - Project No. 19-6811: Memory ;.ane from Main Street to North City Limit if CONTRACTOR or any subcontractor fails to pay for any labor or material of any kind used in the performance of the Work of Improvement to be done under said Contract Agreement, or fails to submit amounts due under the State Unemployment Insurance Act with respect to said labor, SURETY will pay for the same in an amount not exceeding the stun set forth above, which amount shall insure to the benefit of all persons entitled to file claims under the State Code of Civil Procedures; provided that any alterations in the work to be done, materials to be furnished, or time for completion made pursuant to the terms of the contract documents shall not in any way release either CONTRACTOR or SURETY, and notice of said alterations is hereby waived by SURETY. IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this 19th day of June —'20 15, zlann uaceway center or. SURETY* Tj; k4cd 9-_aaualty and Surety Company of America Diamond Be,, CA 91965 (909)612-3000 Subscribed and sworn to l6filrre me 20_ — Signature: Notary Public in and for the County of , State of Orange, CA 92869 (914)516-1232 this day of Rate of premium on this bond is $ see Performance Bond per thousand. Total amount of premium charge is $ See Performance Bond. To be filled in by Surety *Provide CONTRACTOR / ADMITTED SURETY name, address, and telephone number and the name, title, address, and telephone number of authorized representative.