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PHILADELPHIA <br />INSURANCE COMPANIES <br />BID OR PROPOSAL BOND <br />KNOW ALL MEN RY THESC PRESENT S, That wu. <br />Sandwood Enterprises, Inc. <br />or Orange, CA - <br />(hereinafter called the Principal) as Principal, and PHILADELPHIA INDENINrrY INSURANCE COMPANY, with its <br />principal office at One Utila Plaza, Suite 100 in the city of Bata Cynwyd, Pennsylvania (hereiiloner called the Surety), as Surnty, <br />are Geld and firmly bound unto <br />City of Santa Ana <br />or Santa Ana, CA <br />(hereinafter culled the Obligee). In the point sum of <br />Ten percent of total amount bid <br />DolJara$ 10Y(r ,_ lawf4l money of the United 'Stites_ for ells paymant 6rwlrilh sum well and truly to be made, <br />we bind ourselves, kn r heirs, esecutocs, adminhannors, successors, and assigns. <br />THE CONDITION OF THIS OBLIGATION IS SUCFI, that tgherens, the Principal has submitted the <br />accompanying bid dated May 12, 2016 <br />Ibr <br />RFP 16 -058 - Demolition of Three Single- Family Dwellings <br />NOW. THEREFORE. if the Obligco shall make any award according to the leans uhsaid bid and the Principal shall cta, <br />Into it contract will said Obligee in accordance with the terms of'said bid and give bond lbr the faithill performance (hereof <br />Within the time specirred; or Iran time is speeitiecl within thirty days litter the date orsaid mvrvth or irdm Principal shrill, it <br />(he case of failure so to do, indcinnily the Obligee against any foss the obligac may suflbr directly arising by reason of such <br />failure, not exceeding the penally of this bond, then this obligation shat[ be null mid vgid: otherwisu to retrain in fill[ lane <br />and virtue. <br />Signed, sealed and dated: May 2. 2016 <br />By <br />Sandwood Enterprises, Inc. <br />A IYFJE4 NRY NSURA.NCt cokHPA; iv <br />David K. MahlerCttorney - m - Firer <br />