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6.2.A. - Page 24
<br />ATTACHMENT "D" Bond 929587351
<br />Premium : included in pert bond
<br />PAYMENT BOND
<br />KNOW ALL MEN BY THESE PRESENTS: That we, Granite Rock Company i
<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 l=our & 00/100 Dollars ($ 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 that, whereas the above with
<br />the City of Redwood City ("City") to do the following work for "City" issued Encroachment Permit,
<br />to -wit: Site improvements (on & ofd for 24 Hour Fitness (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 employees 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 person 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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