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liable for any and all penalties and obligations which may be incurred !by Contractor <br /> under this Agreement. Acceptance of the bond by the City is subjecti to the review <br /> and approval of the bond by the City Attorney's office. <br /> <br /> 10. In addition to the bond required under Paragraph 9 hereof, Contracte~r 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 strictly 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 a~ceptance 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 authorizec~ agents, from <br /> all claim of and/or liability to Contractor arising 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 provisiolns 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. Thel undersigned <br /> understands that any bid not containing said licensing information, for containing <br /> any information which is subsequently proven false, shall be considered non- <br /> responsive, and shall be rejected by City. <br /> <br /> IN WITNESS WHEREOF, the parties hereto have ,executed this Agreement this <br /> day of r~, 2002. <br /> <br /> CITY OF REDWOOD CITY, a charter qity and <br /> municipal corp/~,, 'on ~n the Stat~ of ~California <br /> <br /> Ed'~erett, City Manager <br /> ~TTEST: <br /> <br /> City Clerk <br /> <br /> SPOSETO ENGINEERING, INC. <br /> 4301 Bettencourt Way <br /> Union City, CA 94587 <br /> (510) 487-2424 <br /> <br />F:Atty/Agr/Agr.034 ? <br />051402 <br /> <br /> <br />