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<br />liable for any and all penalties and obligations which may be incurred by <br />Contractor under this Agreement. Acceptance of the bond by the City is subject to <br />the review and approval of the bond by the City Attorney's office. <br /> <br />10. In addition to the bond required under Paragraph 9 hereof, Contractor shall furnish <br />a good and sufficient corporate surety bond in the penal sum of one hundred <br />percent (100%) of amount of bid, which bond shall conform strictly with the <br />provisions of Chapter 7, Title 15, Part 4, Division 3, of the Civil Code of the State <br />of California, and all amendments thereto. Acceptance of the bond by the City is <br />subject to the review and approval of the bond by the City Attorney's office. <br /> <br />11. Pursuant to California Public Contract Code Section 7100, the acceptance by <br />Contractor of an undisputed payment made under the terms of the Contract shall <br />operate as, and shall be, a release to City, and their duly authorized agents, from <br />all claim of and/or liability to Contractor arising by virtue of the Contract related to <br />those amounts. Disputed contract claims in stated amounts may be specifically <br />excluded by Contractor from the operation of the release. <br /> <br />12. The Contractor may substitute securities for the amounts retained by the City to <br />ensure performance of the Contract in accordance with the provisions of Section <br />22300 of the Public Contract Code. <br /> <br />13. The representations made herein, including the bidder's licensing information <br />hereinafter furnished, are made under penalty of perjury. The undersigned <br />understands that any bid not containing said licensing information, or containing <br />any information which is subsequently proven false, shall be considered non- <br />responsive, and shall be rejected by City. <br /> <br />.LN .~ITNESS WHEREOF, th~ parties hereto have executed this Agreement this <br />\. ~- day of ~~û~-:X=- , 2000. <br /> <br />CITY OF REDWOOD CITY, a municipal <br />corporation in the State of i . <br /> <br />By <br /> <br /> <br />~EST: <br />~C¥~~- "-Às' \;. '" ~"------ <br />City Clerk <br /> <br />FERMIN SIERRA CONSTRUCTION, INC. <br />32203 Almaden Blvd. <br />Union City, CA 94587 <br />(510) 471-1474 <br /> <br />BY~' <br /> <br />l/- J~- <br /> <br />(Title) <br /> <br />Agmt-365 <br />f/sh/sh/RC/Council <br />FXS:rg <br />06/15/00 <br /> <br />7 <br />