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<br />Bond No. 6650522 <br />Premium Included in <br />Performance Bond <br /> <br />PAYMENT BOND <br /> <br />KNOW ALL MEN BY THESE PRESENTS: That we, <br />Redgwick Construction Co. <br /> <br />as Principal, and, First National Insurance Company of America <br />and existing under the laws of the <br /> <br />organ ized <br />State of Washington <br />, and authorized to <br />execute bonds and undertaking as sole surety, as Surety. are held and firmly bound unto <br />any and all persons named in California Civil Code Section 3181 whose claim has not <br />been paid by the Contractor, company or corporation in the aggregate total of <br />One Million Four Hundred Thirteen Five Hundred Eiahtv Two & 80/100----- Dollars ($ 1.413.582.80-------------------) <br />(being 100% of the Contract amount) for the payment whereof, well and truly to be <br />made. said Principal and Surety bond themselves, their heirs. administrators, <br />successors, and assigns, jointly and severally. firmly by these presents. <br /> <br />THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that, whereas the <br />above with the City of Redwood City <"City") to do the following work. to-wit: <br /> <br />EL CAMINO REAL "GRAND BOULEVARD" STREETSCAPING PROJECT <br />(Broadway to Brewster Avenue) <br /> <br />NOW, THEREFORE, if the above-bounden Principal or his subcontractors faU to pay any <br />of the persons named in Section 3181 of the CivU Code of the State of California, or <br />amounts due under the Unemployment Insurance Code with respect to work or labor <br />performed under the Contract, or for any amounts required to be deducted, withheld, <br />and paid over to the Employment Development Department from the wages of <br />employees of the Contractor and his subcontractor pursuant to Section 13020 of the <br />Unemployment Insurance Code of the State of Californ;a, with respect to such work and <br />labor, the surety will pay for the same, in the amount not exceeding the sum specified in <br />this bond, and also, in case suit is brought upon this bond. a reasonable attorney's fee, <br />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 <br />Code of the State of California so as to give a right of action to them or their assignees in <br />suit brought upon this bond. <br /> <br />This bond is executed and filed to comply with the provisions of the act of the Legislature <br />of the State of CaUfomia as designated in Civil Code Sections 3247-3252, inclusive, and <br />all amendments thereto. <br /> <br />And the sa;d Surety, for value received, hereby stipulates and agrees to waive the <br />provisions of California Civil Code Section 2819 regarding consent to change, extension <br />of time alteration, or addition to the tenns of the Contract, or to the work to be performed <br />thereunder, or the SpeCifications accompanying the same, shall in any way affect its <br />obligations on this bond; and it does hereby waive notice of any such change, extension <br />of time, alteration, or addition to the terms of the Contract, or to the work, or to the <br />Specifications. <br /> <br />EI Camino Real -Grand Boulevard" Streetscaping Project (Broadway to Brewster Avenue) <br />