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CITY OF SANTA ANA <br />BONDS <br />PROJECT NO.: 15-6848 <br />Bond No. 8239-74-53 <br />W I -NU•\ t!\1 <br />KNOW ALL MEN BY THESE PRESENTS that PALP Inc. due Excel Paving Company <br />as CONTRACTOR, and Federal Insurance Company <br />a corporation, organized and existing under the laws of the State, and duly authorized to transact <br />business under the laws of the State of California, as SURETY, are held and firmly bound unto <br />the City of Santa Ana, as AGENCY, in the penal sum of eight hundred seventy six thousand one <br />hundred eleven and 00/100 Dollars <br />($ 876.111.00 ), which is 100 percent of the total contract amount for the above stated <br />project, for the payment of which sum, CONTRACTOR and SURETY agree to be bound, jointly <br />and severally, firmly by these presents. <br />THE CONDITIONS OF THIS OBLIGATION ARE SUCH that, whereas CONTRACTOR has <br />been awarded and is about to enter into the annexed Contract Agreement with AGENCY dated <br />October 18, 2016 for Bishop -Pacific -Shelton Bike Blvds <br />if CONTRACTOR faithfully performs and fulfills all obligations in the performance of the Work <br />of Improvement to be done under said Contract Agreement in the manner and time specified <br />therein, then this obligation shall be null and void, otherwise it shall remain in full force and <br />effect in favor of AGENCY; provided that any alterations in the obligations or time for <br />completion made pursuant to the terms of the contract documents shall not in any way release <br />either CONTRACTOR or SURETY, and notice of such alterations is hereby waived by <br />SURETY. <br />IN WITNESS WHEREOF the parties hereto have set their names, titles, hands, and seal this <br />1st day of December '2016 , <br />CONTRACTOR* <br />C.P. BROWN <br />908-903-2000 <br />Subscribed and\,*om to before me, <br />20 <br />Signature: <br />Notary Public in and for the County of State of <br />Beach CA <br />this ---_day of <br />Rate of premium on this bond is $ varies per thousand. <br />Total amount of premium charge is $ 4.819.00 . To be filled in by Surety <br />*Provide CONTRACTOR /ADMITTED SURETY name, address, and telephone number and the <br />name, title, address, and telephone number of authorized representative. <br />1 of 3 <br />