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6.C. - Page 30 of 57 7J . D. - Page 60 .Exhibit D Bond No. DVIFSU0686057 FORM OF PAYMENT BOND (SUBDIVISI.ON) KNOW ALLME, NT BY THESE PICESENTS: the City of Redwood. City ("City"), County of'saai Mateo, State of California, and Redwood City Jefferson, LLC (hereinafter designated as "Principal") have entered into a. Subdivision Improvement Agreement dated , 20 ("Agreement"), the terms and conditions of which are incorporated herein by reference, whereby Principal agrees to install and complete certain designated public.itnproveanents for the following project: Jefferson and Franklin (103 Wilson) fpf�gject aortae to be inserted] WHEREAS, under the tornis of the Agreement, the Principal is required before entering upon the performance of the work, to filen good and sufficient payment bond with Clio the City to secure the claims to which reference is inide in Title 3 (com mencing with Section 9000) of fart 6 of Division 4 of the Civil Code of the State of California, NOW, THT,RE ORE, -vire, the Principal and International Fidelit Insurance Com an ,. organized and existing under the la-ws of the State of NJ , and duly licensed to trans surety business in the State of California, and. authorized to execute bonds and undertaking as sole surety, as Surety, are held finely bound unto the City and all contractors, subcontractors, laborer,, materialmen, and other persons etnployed.in the perforanance of the agreernent and refet7•ed to in Title 3 (cottttnencing with Seclioz)No0� of fart 6 of Division 4 of the Civil Code of the State of California in the sunt of Dna Mdlinn l=ive Lind ed Thirty nine Thousand Seven m1 i.. Hundred thirteen and 001100 Dollars (SLfi39,7t3.00 , for materials farnislied or labor thereon of any kind, or for arriourits due under the Unemployinent Insurance Act with respect to this work or labor, that the surety will pay the sante in an amount not exceeding Clio amount hereinabove set forth, and. also in case suit is brouglit vpoa this bond, will pay, in addition to the face amount thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing this obligation, to be awarded and fixed by the corirt, and to be tarred its costs and to be included iu the judgment therein rendered. It is hereby expressly stipulated and agreed that this board shall inure to the: benefit of any and.all persons, companies, and corporations entitled to file claims under Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code of t%e State of California, so as to give a right of action to thorn or their assig�tioes in stat brought upon this bond. Should the condition of this bond be fully performed., then this obligation shall become mull and void, otherwise it shall be and remain in frill force and effect. ATTYIAGRl2015.107tGREYSTAR • 103-VViLSON - IA VVITH TIF CREDIT Paye 24 of 27 REV: 05-28.15 VR