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<br />BOnd No. 908902'
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<br />Premium included in that of Performance Bond
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<br />PAYMENT BOND
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<br />KNOW ALL MEN BY THESE PRESENTS: That we, .
<br />
<br />Peak RnqinAArin~, Inc
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<br />as 'Principal, and, P.i /"l In(''i ~ 1 P;.:a,-,i fi ro Tnc::nr;.:an'-'A rnmr;.:any organized and
<br />. existing under the laws of the State of California
<br />_ - - - - - - _ _ _ _ _ _ , and authorized .to execute
<br />bonds ~nd 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 />Nine hundred forty nine thousand*** Dollars. ($ q4q 450 00 ) (being
<br />100% of' the Contract amount) for the payment whereof, well and truly to be made, said
<br />Principal and Surety. bond them$elves, their heirs, administrators, successors, and assigns,
<br />jointly and severally, firmly by these presents.
<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:
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<br />REDWOOD CITY RECYCLE[) WATER PROJECT - PHASE 1, BAYFRONT DISTRIBUTION
<br />SYSTEM, Bid Package 8 (East Bayshore Road, BaJr Island Road, Redwood Creek, Highway
<br />101, and Maple Street)
<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 work 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 attorneyls feel to be fixed by the Court.
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<br />This bond shall inure to the benefit of any person named in Section 3181 of the Civil Code of the
<br />State of Califomi~. so as to give a right of action to them or their assignees in suit brought upon
<br />this bond. .
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<br />This bond is executed and filed 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.
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<br />And the said Surety, for value received. hereby stipulates and agrees to waive the provisions of
<br />California Civil Code Section 281 9 re~arding 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 samet shall in any way affect its obligations. on this bond; and
<br />it does hereby waive notice of any such change, extension of time, alteration, or addition to the
<br />terms of the Contract, or to the work, or to the SpecificatIons.
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<br />**F0~~ hundred and fifty Dollars and 00/100
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<br />BAYFRONT RECYCLED WATER DISTRIBUTION SYSTEM, BID PACKAGE 8
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