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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 , (hereinafter <br /> designated as "Principal") have entered into a Subdivision Improvement Agreement dated <br /> , 20 ("Agreement"), the terms and conditions of which are incorporated herein <br /> by reference, whereby Principal agrees to install and complete certain designated public <br /> improvements for the following project: <br /> (project name to be inserted] <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) of Part <br /> 6 of Division 4 of the Civil Code of the State of California. <br /> NOW, THEREFORE, we, the Principal and <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 /> undertaking as sole surety, as Surety, are held firmly bound unto the 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 Code of the State of California in the sum of Dollars <br /> ($ ), for materials furnished or labor thereon of any kind, or for amounts due under the <br /> Unemployment Insurance Act with respect to this work 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 the face amount thereof, costs and reasonable <br /> expenses and fees, including reasonable attorney's fees, incurred by City in successfully <br /> enforcing this obligation, to be awarded and fixed by the court, and to be taxed as costs and to <br /> be included in the judgment therein rendered. <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 claims under Title 3 (commencing with <br /> Section 9000) of Part 6 of Division 4 of the Civil Code of the State of California, so as to give a <br /> right of action to them or their assignees in suit brought upon this bond. <br /> Should the condition of this bond be fully performed, then this obligation shall become null and <br /> void, otherwise it shall be and remain in full force and effect. <br /> ATTY/AGR/2015.127/ 718 CANYON SUBDIVISION IMPROVEMENT AGREEMENT <br /> REV:O6-22-15 VR <br /> Page 17 of 20 <br />