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05/13/05 FRI 10:35 FAX 612 331 5187 05/05/2005 14:12 FAX 15105680687 McGANN ASSOCIATES MPLS ~~~ Harris Homeyer MCGANN ASSOC INC ... ""cGann Mpis, ~ 005 ~003 .1 ."'- SECTION 00620 PAYMENT BOND McGann Associates, rnc KNOW ALL MEN BY THESE PRESENTS: That we, 651 Taft St'PPPt'} Minn~ilFglio, rm ~~~13 Seven as' Principal, and, - organize~ a~d exi~tina under the laws of the State. of California esì::ern Surety Company . and authorized to execute bonds and undertaking as sole surety, as Surety, are held and firmly bound unto any and all persons named in C,)lIfornia Civil Code Section 3181 whose claim has not been paid by the Contractor, com~lany or corporation in the 7 ~~~~ate total of Hundred Fiftv Three '¡nom::rlT1" C::iv f-I"R~}?8s. !;:Ü t Tf?pJlars ($ , 6 .00 ) (bel~g 100% of the Contra:t amount) for the paymen' {;hereof. well and truly to be made. said Principal and Surety bond themselves, their heirs. administrators, successors, and assigns. jointly and severally, 1irmly by these presents. THE CONDITION OF" THE FOREGOING OBLIGATION IS SUCH that, whereas the above with the City of Redwood ':::ity ("City") to do the following work, to-wit: PROCURING AND INSTALLING PARKING CONTROL SYSTEM NOW, THEREFORE, if the above.bounden Principal or his subcontractors fail to pay any of the persons named In S'3ctlon 3181 of the Civil Code of the State of California. or amounts due under tha UnemploYl'nent Insurance Code with respect to work or labor performed under the Contract, or for an:' amounts required to be deducted, withheld, and paid ovet to the Employment Develo: ment Department from the wages of employees of the. Contractor and his subcontractor pursuant to Section 13020 of the Unemployment Insurance Code of the State of <i:alifomia. with respect to such work and labor, the surety will pay for the same. In the amount not exceeding the su 11 specified in this bond. and BI~o. in case suit Is brought upon this bond. a reasonable attorney'E fee, to be fixed by the Court. This bond shall inure to the benefit of any person named In Section 3181 ofthe Civil Code of the State of California so as to give a right of action to them or their assignees In suit brought upon this bond. This bond Is executed and flied to comply with the provisions of the act of the Legislature of the State of California as designated In CIvil Code Sections 3247-3252, inclusive, and all amendments thereto, And the said Surety, ror value received, hereby stipulates and agrees to waive the provisions of California Civil Code Section 2819 regarding consent to change, extension of time alteration. or addition to the terms of the Contract. or to the work to be peñormed thereunder, or the Specifications accompanying the same. shall In any way affect its obligations on this bond; and it does hereby waive notice of any such change, extension of time. alteration, or addition to the terms of the Contract. or to the work, or to the Specifications. 00020-1 PAYMENT BOND PROCURING AND I NSTJ ,LLlNG PARKING CONTROL SYSTEM "-"--_._~,,,,