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<br />BOND #: 57BCSEI0036 <br />PREMIUM: INCLUDED WITH <br />PERFORMANCE BOND <br /> <br />SECTION 00620 <br /> <br />PAYMENT BOND <br />KNOW'+'LL MEN BY THE~E PRESENTS: That we, <br />K;.J. WOODS CONSTRUCTION, INC. <br /> <br />as PrintfD8', ~, <br />existin~ unCter <br /> <br />HARTFORD FIRE INSURANCE COMPANY organized and <br />the laws of the State of CaUfomia <br />I and authorized to execute <br />bonds a d unde king as ole surety, as Surety, are held and firmly bound unto any and all <br />persons named Califom Civil Code Section 3181 whose claim has not been paid by the <br />Contr r. t>>mpany or corporation in the aggregate total Of <br />TWO HUNDRED FORTY EIGHT THOUSAND AND NO/1 00 Dollars ($ 248,000.00 ) (being <br />100% 0 the C tract a"'!funt) for the payment whereof, well and truly to be made, said <br />Principa and S ty bon~ I themselves, their heirs, administrators, successors, and assigns, <br />jointly a d seve Iy, firmly qy these presents. <br /> <br />THE CO~DlnoN OF THE fOREGOING OBUGA TION IS SUCH that, whereas the above with <br />the City ,t RedwOod City ("alty") to do the following work, to-wit <br /> <br />'2006-2007 SEWER MAIN REPLACEMENT PROJECT <br /> <br />EREF I if the fwove-bOUnden Principal or hiS subcontractors fail to pay any of the <br />med i Section ~181 of the Civil Code of the State of California, or amounts due <br />Unem loyment hpsurance Code with respect to work or labor performed under the <br />Co or for any amo~nts required to be deducted, withheld. and paid over to the <br />Empl ent Dev IOPment~rtment from the wages of employees 0' the Contractor and his <br />subcon ctDr pu ant to n 13020 of the Unemployment Insurance Code of the S1ate of <br />CalifOmi . with peet to s ch work and labor, the surety will pay for the same. in the amount <br />not e>e ing th sum spe ed In this bond. and also, in case suit is brought upon this bond, a <br />reason Ie attorn y's fee, t be fixed by the Court. <br /> <br />This bo~Shall in~re to the ~nefit of any person named In Section 3181 of the Civil Code of the <br />State of alifomi~ SO as to give a right 01 action to them or their assignees in suit brought upon <br />this bo . <br /> <br />This bonU. s eSted and ~Ied to comply with the provisions of the act of the legislature of the <br />State Of Califo ia as defignated in Civit Code Sections 3247.3252, induslve, and all <br />amendm ts the to. <br /> <br />And the ,aid Su , for val~ received. hereby stipulates and agrees to waive the provisions of <br />CallfOrni~ Civil C de Secti~!~ 2819 regarding consent to change, extension of time alteration, or <br />addltiO~n e s of 'D'le Contract, or to the work to be perfonned thereunder, or the <br />Specifi . ns a mpanYi~the same, shall in any way affect its obligations on this bond; and <br />it does h y Iw notice f any such change, extension of time, alteration. or addition to the <br />terms of e Co ct. or to work, or to the Specifications. <br /> <br /> <br />PAVMENTIBONO I <br />2006-2007ISewER t.1AJN R5PLA~EMENT PROJECT <br /> <br />00620-1 <br />