Agmt06 Anderson Pacific Enginee - Laserfiche WebLink

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Bond No. 6419536 SECTION 00620 PAYMENT BOND KNOW ALL MEN BY THESE PRESENTS: That we. Anderson Pacific Engineering Construction, Inc. as PrIncipal. and, Safeco Insurance Company of America organized and existing under the laws of the State of 1ØiíD1af Washington .' I and authorized to execute bonds and undertaking as sole surety, as Surety, are held and firmly bound unto :¡Iny and all persons named In California Civil Code Section 3181 whose claim has not been paìd by the Contractor, company Dr corporation in the aggregate total of Four Hundred Fifty Four Thousand and OOilOO Dollars ($454,000.00 - - -) (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, successors, and assìgns. jointly and severålly. firmly by these prësents. THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH 1hat, whereas the above with the City of Redwood CIty ("Cìty") to do the following work. to-Wit: REDWOOD SHORES SEWER PUMP STATION NO. 15 IMPROVEMENT PROJECT NOW, THEREFORE, if the above-bounden Principal or his subcontractors fail to pay any of the persons named in Section 3181 of the Civil Code of the State of California. or amounts due under the Unemployment Insurance Code wÎth respect to work or labo'r performed under the Contract, or for any amounts required to be deducted I withheld, and paid over to the Employment Development Department from the wages of employees of the Contractor and his subcontractor pursuant to Section 1302.0 of the Unemployment Insurance Code of the State of California, 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 is brought upon this bond, a reasonable attorney's fee, to be fixed by the Court. This bond $hall inure to the benefit of any person named in Section 3181 of the Civil Code of the State of California so as to gíve a right of action to them or their assignees In suit brought upon . this bond. This bond is executed and filed to comply with the provisions of the act of the Legislature of the State of California as designated in CîviJ Code Sections 3247,3252, inclusive, and all amendments thereto. And the said Surety, for value received, hereby stipulates and agrees to waive the provisions of Californìa Civil Code Section 2819 regarding consent to change, extension of time alteratìon, or addition to the terms of the Contract, or to the work to be performed thereunder, or the SpecîficatiQtls accompanyìng the same, shall in any way affect its oblígations 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 REDWOOD SHORES SEWER PUMP STATION NO. 151MPROVEMËNT PROJECT 1"\c:.IJVV'-"-'U ..." ,y' ,-~ -- - - -. -