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BOND NO . DAACSU0656194 <br /> Exhibit C <br /> FORM OF PAYMENT BOND <br /> (SUBDIVISION) <br /> KNOW ALL MEN. BY THESE PRESENTS: the City of !Redwood City ("City"), County of San <br /> Mateo, State of California, and RWC Fisroor CommunItles, LLC: (hereinafter designated as <br /> "Principal") have entered into a Subdivision Improvement Agreement dated <br /> 2015 ("Agreement"), the terms and conditions, of Which are incorporated herein by reference, <br /> Whereby Principal agrees to install and complete certain designated public improvements for the <br /> following project: <br /> ALl1- HARBOR <br /> WHEREAS, under the terms of the Agreement, the Principal is required before entering upon <br /> the: performance of the work, to file a good and sufficient payment bond with the the City to <br /> secure the claims to which reference is made in Title 3 (commencIng with Section 9000) 4f Part <br /> 6 of Division 4 of the Civil Code Of the: State Of Calif©rnia, <br /> NOW,. THEREFORE, we, the Principal and Allegheny casualty Company <br /> , .organized and existing under the laws of the State of ' , and duly <br /> licensed to trans surety business in the State of California, and authorized to execute bonds and <br /> undertaldng as sole surety, as Surety, are held firmly bound unto tlie. City and all contractors, <br /> subcontractors, laborers, materialmen, and other persons employed in the performance of the <br /> agreement and referred to in Title 3 (commencing with Section 9000) of Part 6 Of Division 4 of <br /> the Civil Cade of the State Of California in the sum of Eight Million Seven* Dollars <br /> ($ ** ), for materials furnished or labor thereon of any kind, or far amounts due under the <br /> Unemployment Insurance Act with respect to this wet or labor, that the surety will pay: the <br /> same in an amount not exceeding the amount hereinabove set forth, and also in case suit is <br /> brought upon this bond, will pay, in addition to tho fade amount thereof, costs and reasonable <br /> expenses and fees, including reasonable attorney's fees, incurred by City in successfully <br /> enforcing <br /> � thilIso�hhbligarttion, to be awarded and fixed by the court, and td be taxed as testa acid to <br /> boNigulJ�91rb0 '�oTPa snttherein rendered. *flgdrrg$ S6fftboThousand Six Hundred Eleven <br /> It is hereby expressly stipulated and agreed that this bond shall inure to the benefit of any and <br /> all persons, Companies, and corporations entitled to file ctairtls under Title 3 (commencing with <br /> Section 9000) of Part 6 of Division 4. cif the Civil Cade of the State of California, so as to give a <br /> right of action to them. or their assignees Insult brought upon this bond. <br /> Should the condition of this bond he fully performed, then this obligation shall become null and <br /> void,'otherwise it shall be and remain in full force and effect. <br /> REV: 06-04,15 VR <br /> Page 17 o 1?20 <br /> ATTYIAGR,201.5.115/Blu Harbor <br />