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ATTACHMENT "D" Bond#:929587351
<br /> Premium :inoluded in perf bond
<br /> PAYMENT BOND
<br /> KNOW ALL MEN BY THESE PRESENTS: That we, Granite Rock Company
<br /> as Principal, and, Western Surety Company organized
<br /> and existing under the laws of the State of California
<br /> , and authorized to execute
<br /> bonds and undertaking as sole surety, as Surety, are held and firmly bound unto any and all
<br /> persons named in California Civil Code Section 3181 whose claim has not been paid by the
<br /> Contractor, company or corporation in the aggregate total of
<br /> One Hundred Thirty Five Thousand Six Hundred Sixty Four&00/100 D011al'S ($ 135,664.00 ) (being
<br /> 100% of the (Permit amount) for the payment whereof, well and truly to be made, said Principal
<br /> and Surety bond themselves, their heirs, administrators, successors, and assigns, jointly and
<br /> severally, firmly by these presents.
<br /> THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH #hat, whereas the above with
<br /> the City of Redwood City ("City") to do the following work for "City" issued Encroachment Permit,
<br /> to-Wlt: Site Improvements(on&of�for 24 Hour Fitn�ss(N)including wet utilities,joint trench,stormwater
<br /> treatment,surface improvements
<br /> NOW, THEREFORE, if the above-bounden Principal or his subcontractors fail to pay any of the
<br /> persons named in Section 3181 of the Civil Code of the State of California, or amounts due
<br /> under the Unemployment Insurance Code with respect to work or labor performed under the
<br /> Contract, or for any amounts required to be deducted, withheld, and paid over to the
<br /> Employment Development Department from the wages of emptoyees of the Contractor and his
<br /> subcontractor pursuant to Section 13020 of the Unemployment Insurance Code of the State of
<br /> California, with respect to such work and labor, the surety will pay for the same, in the amount
<br /> not exceeding the sum specified in this bond, and also, in case suit is brought upon this bond, a
<br /> reasonable attorney's fee, to be fixed by the Court.
<br /> This bond shall inure to the benefit of any pe�son named in Section 3181 of the Civil Code of the
<br /> State of California so as to give a right of action to them or their assignees in suit brought upon
<br /> this bond.
<br /> This bond is executed and filed to comply with the provisions of the act of the Legislature of the
<br /> State of California as designated in Civil Code Sections 3247-3252, inclusive, and all
<br /> amendments thereto.
<br /> And the said Surety, for value received, hereby stipulates and agrees to waive the provisions of
<br /> California Civil Code Section 2819 regarding consent to change, extension of time alteration, or
<br /> addition to the terms of the Permit, or to the work to be perFormed thereunder, or the
<br /> Specifications accompanying the same, shall in any way affect its obligations on this bond; and
<br /> it does hereby waive notice of any such change, extension of time, alteration, or addition to the
<br /> terms of the Contract, or to the work, or to the Specifications.
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