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<br /> Bond Number: SB010000042
<br /> Premium: $27,910.00
<br /> FAITHF-U.4 FERFORNIAN.CE BOND
<br /> KNOW-ALI MEN BY THESE PREtENTS: that WHEREAS,..lhe City of Redwood City ("City").
<br /> San Mateo County, State. of California, ilea awarded tO Robert F. Enz Construction, Inc.
<br /> hereinafter dealgnated assthe "Principel", a Contract the terms:And provisions of which Contract
<br /> are Incdtpotated herein by referencia, for col:MOW:IN thefOILOWIng
<br /> :SANITARY SEWER Atilt/STORM REPLACEMENT.PRDJECT
<br /> (NIANZANITA ST„ SHASTA.ST„ SPRUCE ST., HELLERST. AND PINE ST.)
<br /> and:
<br /> I .
<br /> WHEREAt. Said Priltipal is required .kinder the Writs eof said COntradttO furnith: a bond forte
<br /> faithful performance of said. Contract;
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<br /> NOW we, the Princip * al, and , as surety, are held
<br /> and firmly b.ound unto City; San Mateo County, California, in the penal sum of
<br /> One Million One Hundred Sixteen Thousand Four Hundred Five Dollars and no/100
<br /> ($..1,116,405.00 ), lawful money of the United States, being one hundred percent
<br /> (100%). of the Contract amount, for the payment of which sum well and truly to be made, we
<br /> bind.oUrtelVes, our heirs, eXecUtors, adminittrators and successors, jointly and severally., firrnly
<br /> by these presents.
<br /> THE CD.NDITION OF THIS .OBLIGATION IS SUCH, that If the above bounden Principal, his or
<br /> its heirs, executors au,coesSOKS oj assign shell inatrthings stand and.ablde
<br /> by, and Will. truly keep and faithfully perform te OOVerierite, cOriditions; and ogre.ernerits In .010.
<br /> Said CbtittaCt and anyIteiatt�n S node SS therein pitiVided, on hit rtheir part tete kept:arid
<br /> P0 at thertfile And in the and In all respects according to their
<br /> true Intent and meaning, and shall indenitil. and .save. harnilett City, itt Council,
<br /> Commissioners, boards, committees, officers; employees and agents, as therein stipulated,
<br /> then: h1S obligation shall be null and void; otherwise it shall be and remain In full force and
<br /> vittUe.
<br /> As a 'condition precedent to the satlifactory, completion of, the -s.aki Contract, the .above
<br /> Obligation shall hold. good fOr apellod of �n&(1) year after the completion and acceptance of
<br /> the said work, glueihEr Ohl oh time If the above bp,unden Principal, his or its heirs. , expagtore,
<br /> • administrators; sueteaSors or aseigns.thall fall 10 make full, complete and tatioNctory repair -
<br /> and replaCeMente &totally protect the Said °it/frail lots be darnage. rriada4§Vident during said
<br /> PArlod of one..(1),YearfrOrn thfrdate f acceptanceof said work, and resulting from or caused by
<br /> defective Material or faulty wOrkrnenship in the prosecution of the work done, the above
<br /> obligatiOn shall be and remain in full force and virtue.
<br /> And the said Surety., for value received, hereby. Stipulates and agreet to waive the provisions.•of
<br /> California Civil Code :Section 2819 regarding 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 /> Specification6 accompanying the satethallin way affeCtitt.dhligationa on this bond; and it
<br /> does hereby waive. notice . of any such t.h.angP, Otensiond timeb alteration or addition to the
<br /> • terms tif tlia•Contrad, or. to thaVOrk, or Willa Specifitatitins.
<br /> • tortthe .event cityvorite oi.T.'-assignsiShaltbe the. prevailing party in enaction brought
<br /> upon this bond, then, in .addition to the penal eutt.hereirrabove speafied, we agree.to payto the
<br /> *Ullico Casualty Company and-Benchmark Insurance Company
<br /> SANITARY SEVVERAND STORM REPLACEMENT PROJECT •
<br /> . . (mANZANITA:ST., SHASTAT.,SPRI)OEST„ HELLERST. AND PINE ST.)
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