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CITY OF SANTA ANA <br />PROPOSAL <br />PROJECT NO. 15-6606: 3RD STREET. TRAFFIC CALMING (FAID# U58DP005861) <br />KNOW ALL PRESENT that, <br />PALP Inc. dba Excel Paving Company , asBIDDER, and <br />Federal Insurance Company , as SURETY, <br />are held and firmly bound unto the CITY OF SANTA ANA, as AGENCY, in the penal sum of <br />Ten percent of the total amount of the bid Dollars ($ 10% ), which is ten percent (10'7o) <br />of the total amount bid by BIDDER to AGENCY for the above -stated project, for the payment of <br />which sum, BIDDER and SURETY agree to be bound, jointly and severally, firmly by these <br />presents. <br />THE CONDITIONS OF TIES OBLIGATION ARE SUCH that, whereas BIDDER.is about to <br />submit a bid to AGENCY for the above -stated project, if said bid is rejected, or if said bid is <br />accepted and a contract is awarded and entered into by BIDDER in the manner and time <br />specified, then this obligation shall be null and void, otherwise it shall remain in full force and <br />effect in favor of AGENCY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this <br />30th day of March , 20 16 . <br />:D1 C <br />2230 Lemon Avenue, Long Beach, CA 90806 <br />562-599-5841 <br />SURETY* <br />Subscribed and sworn to before me this day of <br />,20—. <br />Signature: <br />Notary Public in and for the County of <br />, State of <br />* Provide BIDDER/ SURETY name, address,. and telephone number and the name, title, <br />address, and telephone number of authorized representative. <br />P-7 ofP-18 <br />