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<br />DES:djk 07/28/98 <br />F:SharedIRedwoodlCouncil/Agmt-171 <br /> <br />performed by Contractor under this Agreement. Said bond shall be liable for any and all <br />penalties and obligations which may be incurred by Contractor under this Agreement. <br />Acceptance of the bond by the City is subject to the review and approval of the bond by <br />the City Attorney's office. <br /> <br />9. In addition to the bond required under Paragraph 9 hereof, Contractor shall furnish a <br />good and sufficient corporate surety bond in the penal sum of one hundred percent <br />(100%) of amount of bid, which bond shall conform strictly with the provisions of Chapter <br />7, Title 15, Part 4, Division 3, of the Civil Code of the State of California, and all <br />amendments thereto. Acceptance of the bond by the City is subject to the review and <br />approval of the bond by the City Attorney's office. <br /> <br />10. Pursuant to California Public Contract Code Section 7100, the acceptance by Contractor <br />of an undisputed payment made under the terms of the Contract shall operate as, and <br />shall be, a release to City, and their duly authorized agents, from all claim of and/or <br />liability to Contractor arising by virtue of the Contract related to those amounts. Disputed <br />contract claims in stated amounts may be specifically excluded by Contractor from the <br />operation of the release. <br /> <br />11. The Contractor may substitute securities for the amounts retained by the City to ensure <br />performance of the Contract in accordance with the provisions of Section 22300 of the <br />Public Contract Code. <br /> <br />12. The representations made herein, including the bidder's licensing information hereinafter <br />furnished, are made under penalty of perjury. The undersigned understands that any bid <br />not containing said licensing information, or containing any information which is <br />subsequently proven false, shall be considered non-responsive, and shall be rejected by <br />City. <br /> <br />IN W~JNESS W}:tf,R~ the parties hereto have executed this Agreement <br />this / C¡'tt:, day of L ~';ff.J~ ' 199~. <br /> <br />?;lIJJ #4 <br />! <br />.I <br /> <br />CITY OF~ED . D 9TY, a muniC.. . ipal <br />corpora. n. h~tate 0 li~ornia <br /> <br />By ..' ,C~ <br />. City Manager <br /> <br /> <br />City Clerk <br /> <br />VALLEY SLURRY SEAL COMPANY, A <br />CALIFORNIA CORPORATION <br />3050 BEACON BLVD., SUITE 205 <br />WEST SACRAMENTO, CA 95691 <br />(916) 373-1500 <br /> <br /> <br />(Title) <br /> <br />7 <br /> <br />"--_.~""""",."",,,-,_.,,-,..."'-'--_.O"--'----"~' ......---..- <br />