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10. In addition to the bond required under Paragraph 9 hereof, Contractor shall furnish <br /> a good and sufficient corporate surety bond in the penal sum of one hundred <br /> percent (100%) of amount of bid, which bond shall conform stdctly with the <br /> provisions of Chapter 7, Title 15, Part 4, Division 3, of the Civil Code of the State of <br /> California, and all amendments thereto. Acceptance of the bond by the City is <br /> subject to the review and approval of the bond by the City Attorney's office. <br /> <br />11. Pursuant to California Public Contract Code Section 7100, the acceptance by <br /> Contractor of an undisputed payment made under the terms of the Contract shall <br /> operate as, and shall be, a release to City, and their duly authorized agents, from <br /> all claim of and/or liability to Contractor adsing by virtue of the Contract related to <br /> those amounts. Disputed contract claims in stated amounts may be specifically <br /> excluded by Contractor from the operation of the release. <br /> <br />12. The Contractor may substitute securities for the amounts retained by the City to <br /> ensure performance of the Contract in accordance with the provisions of Section <br /> 22300 of the Public Contract Code. <br /> <br />13. The representations made herein, including the bidder's licensing information <br /> hereinafter furnished, are made under penalty of perjury. The undersigned <br /> understands that any bid not containing said licensing information, or containing <br /> any information which is subsequently proven false, shall be considered non- <br /> responsive, and shall be rejected by City. <br /> <br />III <br /> <br />IN WITNESS WHEREOF, the parties hereto have executed this Agreement this ~ <br />dayof ¥0 ~--r~. 2003. <br /> <br /> CITY OF REDWOOD CITY, a charter city <br /> and municipal ,~ation i~ the Stat~ of <br /> <br /> By ~ ,~.~.( ~, ~, <br /> Ed Everett,"Gffy Manager <br /> <br />Patdcia Howe, City Clerk CONTRACTOR <br /> <br /> <br />