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Exhibit D <br /> FORM OF WARRANTY BOND <br /> (SUBDIVISION) <br /> WHEREAS, the City of Redwood City ("City"), County of San Mateo, State of <br /> California, and , (hereinafter designated <br /> as "Principal") have entered into a Subdivision Improvement Agreement dated <br /> , 20 ("Agreement"), the terms and conditions of which are <br /> incorporated herein by reference, whereby Principal agrees to install and complete <br /> certain designated public improvements for the following project: <br /> [project name to be inserted] <br /> WHEREAS, said Principal is required under the terms of said Agreement to <br /> provide a warranty security. <br /> NOW, THEREFORE , we, the Principal and of <br /> organized and existing under the laws of the State of <br /> , duly licensed to transact surety business in the State of California and <br /> authorized to execute bonds and undertaking as sole surety, as Surety, are hereby held <br /> and firmly bound unto the City in the amount of Dollars <br /> ($ ), for the payment of which sum well and truly to be made, we bind ourselves, <br /> our heirs, successors, executors and administrators, jointly and severally, firmly by <br /> these presents. . <br /> THE CONDITION OF THIS OBLIGATION IS SUCH THAT, if principal (or its <br /> heirs, executors, administrators, successors, or assigns approved by the City) performs <br /> the covenants, conditions, and obligations of the warranty requirements of Section <br /> 13 . 1 (c) of the Agreement, including the obligation to indemnify, defend, and hold <br /> harmless the City, set forth in Section 17, then this obligation shall become null and <br /> void ; otherwise it shall be and remain in full force and effect. <br /> The Surety's obligation under this bond shall hold good for a period of one ( 1 ) year from <br /> the date of the City's acceptance of said work. <br /> The Surety's obligation under this bond shall arise after the City has provided written <br /> notice to the Surety, at the address set forth below, of the Principal's default under the <br /> Agreement, and the Principal's failure to cure the default in accordance with the terms <br /> of the Agreement. <br /> The Surety hereby agrees, for value received , that its obligations under this bond shall <br /> in no way be impaired or modified by any modification to the Agreement by the City and <br /> the Principal, and the Surety hereby waives notice of any such modification. <br /> Page 22 of 23 <br /> REV: 08-11-16 VR <br /> A I I Y/AGR.2016.214/FINGER IMPROVEMENT AGREEMENT <br />