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� BOND N0.576CSGT4230
<br /> PREMIUM$9,520
<br /> FAITHFUL PERFORMANCE BOND
<br /> KNOW A!L MEN BY THESE PRESENTS: #hat, WHEREAS, the C� of Redwood City {"City"),
<br /> San Mateo County, State of Califomia, h2�s awarcled to K.J.WOOD CONSTRUCTION,IhfC.
<br /> hereinafter designated as the"Principal", a Contract,the#erms and provisions of whlch Contract
<br /> are incor{wrated herein by reference, for constructing the following praject�
<br /> Z014-2016 SANITARY SEWER REHABILITATION PR{3JECT
<br /> and . .
<br /> WHEREAS, said Principal is required under.the terms of said Cor�tract to furnish a bond for#he
<br /> faithful pertoRnanoe of said Coritract; : � � � .
<br /> N�W,TH�REFORE,We, the Principal, af1C� �RTFORD fIRE INSURANCE COMPANY �:aS SUI'��jl, are held
<br /> and �rmly bound unto City, 5an Mateo County, Calffarnia, in the penal sum of
<br /> NINE HUWDRED TWENTY-EIGHT THOUSAND EIGHT HUNDRED DOLLARS ANQ ZERO CENIS
<br /> ($_ s2s,soo.00 � � ), lawfuf rnoney of.the United States,:being on� hundred percent
<br /> {7 00°r6)of the Contract amourit,for.:the payment�of wnich sum wall and truly to ba made,we bind
<br /> ourselves, our heirs, executors, administratars and successors, joir�tly and severally, firmly by
<br /> these preserrts:
<br /> THE CONDITION OF THIS OBLIGATION IS SUCH, that if the above 6c>unden Prinapal, his or
<br /> its hei�s, executors, adminlstrators; successors or assigns, sha11 in all things stand to and abide
<br /> by, and will truly keep and fiaithfully perfo�m the ooVenants, condi�ons, and agreemsrrts in the:
<br /> said Contra� and any alterations made as therein pro�ided, on his or their p�rt, to be kept and
<br /> pertorrnad at the time and in the manner thar�in specafied, and in �II respects acxord'ing to fheir
<br /> true intertt and raieaning,:and shall indemnify and save harmless City, its��ouncil, Commissioners,
<br /> �oards, c�ornmittees, off`icers�.�mpioyees and agents, as the�ein stipula#ed, then this obligadon
<br /> shall be:null and void; otherwise it shall be and remain in fulE farce and virtue. �
<br /> As a canditiori precederrt��o the satisfac�ory completio� af the said Contract,the,atsiiave obli�ation
<br /> sha11 hold goad for a p�riod of one(1)year after the completian and acceptance oF the said work,
<br /> during which time iF the above bounden Priocipal, his or its Fieirs, executors, adrr�inistrators;
<br /> successt�rs or assigns ahall fai[to rnafce full, complefe and satisfactory repair and re�lacements
<br /> or tntally protect the said:C9ty from loss or damage made evide�r�t during said period of one (1)
<br /> year from t�e date af accsptance of said wark,and resulfing from or caussd by defectiue materials
<br /> or faulty workmanship, in the prosecution of the work done, the above obligation sha11 be and
<br /> remain In full force and virtue.
<br /> And#he said Surety, for value received, hereby stipulates and agre�s to waive the provisions of
<br /> Califomia Givil Code:Section 2819 regarding consent to change;ex#ension af time, �I��ratian, o�:
<br /> addltian to the 'terms of the .Contract or :to the work to be perfor:med ther.eunder, or the
<br /> Specificatians accompanying the$ame shall in any way affect its obligafions on#nis bond;�nd it
<br /> does her�by waive:notice of any such change, extension of time, �alteration or addition to the
<br /> terms of the�Contra�t, or to the work, or tv th.e�Specificatians. �
<br /> !n the.even# City, dr its sucoessors or assigns, shal[ he the prevailing party in an:action brought
<br /> upon this bond, then, in addltfon to the penal surn hereinabove spec�ed,we agree to pay ta#he.
<br /> said City, or its successors or assig�s, a reasonable sum on accounf of aftorney's fees 9n such
<br /> action,which sum shatl be f�ted by the court.
<br /> FAlTHFU�P�RFORMANCE BOND
<br /> 20142015 SANI7ARY S�R R�HABIUTATIQ.N PROJECT
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