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<br />BOND #: 57BCSDR4463 <br />PREMIUM: INCLUDED WITH <br /> <br />SECTION 00620 <br />PAYMENT BOND <br /> <br />PERFORMANCE BOND <br /> <br />v <br /> <br />KNOW ALL MEN BY THESE PRESENTS: That we. <br /> <br />K.J. WOODS CONSTRUCTION, INC. <br /> <br />HARTFORD FIRE INSURANCE COMPANY organized and <br /> <br />the laws of the State of California <br />, and authorized to execute <br />bonds and undertaking as sole surety. as Surety, are held and firmly bound unto any and all <br />persons named in California Civil Code Section 3181 whose claim has not been paid by the <br />Contractor, company or corporation in the aggregate total of <br />** Dollars ($ 4.124.000.00 ) (being <br />100% of the Contract amount) for the payment whereof. well and truly to be made, said <br />Principal and Surety bond themselves, their heirs, administrators, successors, and assigns, <br />jointly and severally, firmly by these presents. <br /> <br />as Principal, and, <br />existing under <br /> <br />THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that, whereas the above with <br />the City of Redwood City {"City"} to do the following work. to-wit: <br /> <br />REDWOOD CITY RECYCLED WATER PROJECT - PHASE 1 <br />REDWOOD SHORES DISTRIBUTION SYSTEM <br /> <br />Bid Package 3 (Redwood Shores Parkway, Bridge Parkway, <br />Shell Parkway, Davit Lane) <br /> <br />NOW, THEREFORE. if the above-bounden Principal or his subcontractors fail to pay any of the <br />persons named in Section 3181 of the Civil Code of the State of California. or amounts due <br />under the Unemployment Insurance Code with respect to work or labor performed under the <br />Contract, or for any amounts required to be deducted, withheld, and paid over to the <br />Employment Development Department from the wages of employees of the Contractor and his <br />subcontractor pursuant to Section 13020 of the Unemployment Insurance Code of the State of <br />California. with respect to such wot1( and labor, the surety will pay for the same, In the amount <br />not exceeding the sum specified in this bond, and also, in case suit is brought upon this bond. a <br />reasonable attorney's fee, to be fIXed by the Court. <br /> <br />This bond shall inure to the benefit of any person named in Section 3181 of the Civil Code of the <br />State of California so as to give a right of action to them or their assignees in suit brought upon <br />this bond. <br /> <br />This bond is executed and flied to comply with the provisions of the act of the legislature of the. <br />State of California as designated in Civil Code Sections 3247-3252, inclusive. and all <br />amendments thereto. <br /> <br />And the said Surety, for value received, hereby stipulates and agrees to waive the provisions of <br />California Civil Code Section 2819 regarding consent to change, extension of time alteration. or <br />addition to the terms of the Contract, or to the work to be performed thereunder, or the <br />Specifications accompanying the same, shall in any way affect its obligations on this bond; and <br /> <br />PAYMENT BOND <br />REDWOOD SHORES RECYCLED WATER DISTRIBUTION SYSTEM 810 PACKAGE 3 <br /> <br />00620-1 <br /> <br />**FOUR MILLION ONE HUNDRED TWENTY FOUR THOUSAND AND NOl1oo DOLLARS <br />