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<br />DES:djk 02/04/99 <br />F: ShareU/ Redwood/Council! Agmt - 226 <br /> <br />bid, which bond shall be conditioned upon the faithful performance of all work <br />required to be performed by Contractor under this Agreement. Said bond shall be <br />liable for any and all penalties and obligations which may be incurred by Contractor <br />under this Agreement. Acceptance of the bond by the City is subject to the review <br />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 of <br />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 />IN WITNESS WHEREOF, the parties hereto have executed this Agreement <br />this V:\.~~ day of (,,-,-"Ç,-' . 1999. <br /> <br />CITY OF REDWOOD CITY, a municipal <br />corporati~. /JP. t~ Statyf California <br /> <br />By ¿;:l )¿rt~ <br /> <br />City Manager <br /> <br />ATTEST: <br /> <br />~ c~~~<ú:~;.'~- <br />City Clerk <br /> <br />~~~~~- <br /> <br />HYDROTECH, INC. <br />155 Lyon Drive <br />Fernley, Nevada 89408 <br />(775) 575-4100 <br /> <br /> <br />B~~ <br /> <br />/j .' /.-' <br />",=,J-- //-')/ <br /> <br />(Title) <br /> <br />7 <br />