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CITY OF SAN'T'A ANA <br />PROPOSAL <br />PROJECT NO.: 15 -6848 <br />BISHOP- PACIFIC- SHELTON BIKE BLVDS <br />BID BOND <br />1 <Ni7W ALL PRESENT that, <br />PALP Inccdba Excel Paving, Company _ , as BIDDER, and <br />Federal Insurance Company , as SURETY, <br />are held and firmly bound unto the CITY OF SANTA ANA, as AGENCY, in the penal sutra of_ <br />Tan percent of the total amount of the bitl Dollars (S 10 % ), whieb is ten percent (10 %) <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 OP TIIIS OBLIGATION ARE SUCH that, whereat) BIDDFV. is ahem to <br />,u6reit a hid to AGENCY }br tho above ntatod project, if said bid is rejected, or if avid hid i.s <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, othettivise 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 sea] this <br />5th day of.- September 2016. <br />BIDDER"' <br />PALP Inc. dba Excel Paving Company 2230 Lemon Avenue, Long Beach, CA 90808 <br />SURETY* <br />908 -903 -2000 <br />Douglas A. app, Attorney in Fact <br />9ubscri�s d and sworn to before me <br />20 —. <br />Signature: <br />Notary Public in and for the County of State of <br />this day of <br />* provide BIDDER/ SUP.ETY name, address, and telephone number and thr, name, title, <br />address, and telephone number of authorized representative. <br />P -9 of P -18 <br />23B -26 <br />