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Bond Number: CD0240 Premium: Included in Performance Bond SECTION 00202 PAYMENT BOND KNOW ALL MEN BY THESE PRESENTS: That we, Pacheco Utility Line Builders, Inc. as Principal, and, Contractors Bonding and Insurance Company organiWishi~1~n existing un.d:~d ~~~o~~~Sto e~ec:ee bon~~~nd ~~d8~~:~~m~: sale surety, as Surety, are held .and firmly bound unto any and all persons named in California Civil Code Section 3181 whose claim ha~ not b~en gaid by the Contractor, company or corporation in the aggregate total of Iwenty-tounnousand and 001100... Dollars ($~O ) (being 100% of the Contract amount) for the payment whereof, well and truly to be made, said Principal and Surety bond themselves. their heirs, administrators, successorst and aas\gns, jointly and severally. firmly by these presents, THE CONDITION Of THE FOREGOING OBLIGATION IS SUCH that, whereas the above with the City of Redwood City ("City") to do the foHowing work, to-wit: Electrical Modifications for the Main Library Project NOW, THEREFORE, if the above-bounden Prtncípal or his sl,Ibcontractors fail to pay any of the parsons named in Sectìon 3181 of the Civil Code of the State of California, or amounts due under the Unemployment Insurance Code with respect to work or labor performed under the Contract, or for any amounts required to be deducted, withheld, and paid over to the Employment Development Department from the wages of employees of the Contractor and his subcontractor pursuant to Section 13020 of the Unemployment Insurance Code of the State of Califomìø. with respect to such work and labor, the surety will pay for the same, in the amount not exceeding the sum specified In this bond, and also, in case suit ís brought upon this bond, a reasonable attorneys fee, to be fixed by the Court. This bond shall inure to the benefit of any person named in Section 3181 of the Cìvìl Code of the State of California so as to give a right of action to them or their assignees in suit brought upon tt}is bond. This bond is executed and filed to comply with the provisions of the act of the Legi$lature of the State of Califomia as designated in CivO Code Sections 3247-3252, inclusive, and all amendments thereto. And the said Surety, for value recaìved, 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, Of to the work to be performed 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 PAYMENT BOND 00202-1 ....-.-----. ---."T