Agmt10 Rodi Construction, Inc. (2)

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,. Bond Number: 70937174 PAYMENT BOND KNOW ALL MEN BY THESE PRESENTS: That we, Rodi Construction, Inc. organized State of California , and authorized to execute bonds and undertaking as sole surety, as Surety, are held and firmly bound unto any and all persons named in California Civil Code Section 3181 whose claim has not been paid by the Contrador, company or corporation in the aggregate total of Fourteen rpn()l1~r:lnn F'i \TP- Hllndred Seventv-Two Dollars ($14,572.00 } (being 100% of the Contract amount) for the payment "vh ere of, well and truly to be made, said Principal and Surety bond themselves, their heirs, administrators, successors, and assigns, jointly and severally, firmly by these presents. THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that, whereas the above with the City of Redwood City C'Citt1 to do the following work, to-wit: FAIR OAKS COMMUNITY CENTER-ENTRY MODIFICATIONS PROJECT 2600 MIDDLE FIELD ROAD, REDWOOD CITY NOW, THEREFORE, if the above-bounden Principal or his subcontractor$ fail to pay any of the persons named in Section 3181 of the Civil Code of the state of Califomia, or amounts due under the Unemployment Insurance Code with respect to work or labor performed under the Contract, or for any amounts required to be deducted, withheld, and paid over to the Employment Development Department from the wages of employees of the Contractor and his subcontractor pursuant to Section 13020 of the Unemployment Insurance Code of the State of California, with respect to such work and labor, the surety will pay for the same, in the amount not exceeding the sum specified in this bond, and also, in case suit is brought upon this bond, a reasonable attomey-s fee, to be fixed by the Court. This bond sharr inure to the benefit of any person named in Section 3181 of the Civil Code of the State of California so as to give a right of action to them or their aSsignees in suit brought upon this bond. This bond is executed and frIed to comply with the provisions of the act of the legislature of the State of California as designated in Civil Code Sections 3247..3252, inclusive. and all amendments thereto. And the said Surety, for value received, hereby stipulates and agrees to waive the provisions of California Civil Code Section 2819 regarding consent to change, extension of time alteration, or addition to the terms of the Contract, or to the work to be performed thereunder, or the Specifications accompanying the same, shall in any way affect its obli~ations on ~his bond; and it ~oes hereby waive notice of any such change, extension of time, afteratron, or addition to the terms of the Contract, or to the work or to the Specifications. I as Principal, and, Wpstp-rn Suretv Comoanv and existing under the laws of the