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<br /> ' Bond No. BH7846
<br /> Premium: $2,169.00
<br /> FAITHFUL PERFORMANCE BOND
<br /> KNOW ALL MEN BY THESE PRESENTS: that, WHEREAS, the City of Redwood City("City"),
<br /> San Mateo County, State of California, has awarded to
<br /> Southland Construction Manaqement Inc. , hereinafte� designated as the
<br /> "Principal", a Contract, the terms and provisions of which Contract are incorporated herein by
<br /> reference, for constructing the following project: �
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<br /> REDWOOD CITY FIRE STATION #9 KITCHEN REMODEL
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<br /> WHEREAS, said Principai is required under the terms of said Contract to furnish a bond for the
<br /> faithful performance of said Contract;
<br /> NOW THEREFORE W2, t�l@ Principal, and concractors eo�ainq and insurance Company, Inc. � 8S
<br /> surety, are held and firmly bound unto City, San Mateo County, California, in the penal sum of
<br /> e.gncy stx xno�ea�a se�e� xw,a:ea eiECy Seven �oiia�s aaa aeiioo Dollars ($ 86 � 757 . 8 B )� lawful money
<br /> of the United States, being one hundred percent (100%) of the Contract amount, for the i
<br /> payment of which sum well and truly to be made, we bind ourselves, our heirs, executors, �
<br /> administrators and successors, jointly and severally, firmly by these presents.
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<br /> THE CONDITION OF THIS OBLIGATION IS SUCH, that if the above bounden Principal, his or ;
<br /> its heirs, executors, administrators, successors or assigns, shall in all things stand to and abide
<br /> by, and will truly keep and faithf�lly perform the covenants, conditions, and agreements in the
<br /> said Contract and any atterations made as therein provided, on his or their part, to be kept and '
<br /> performed at the time and in the manner therein specified, and in all respects according to their �
<br /> true intent and meaning, and shall indemnify and save harmless City, its Council, ;
<br /> Commissioners, boards, committees, officers, employees and agents, as therein stipulated,
<br /> then this obligation shali be null and void; otherwise it shall be and remain in full force and ;
<br /> virtue.
<br /> As a condition precedent to the satisfactory completion of the said Contract, the above i
<br /> obligation shall hold good for a period of one (1) year after the completion and acceptance of
<br /> the said work, during which time if the above bounden Principal, his or its heirs, executors,
<br /> administrators, successors or assigns shall fail to make fuil, complete and satisfactory repair �
<br /> and replacements or totally protect the said City from loss or damage made evident during said �
<br /> period of one (1) year from the date of acceptance of said work, and resulting from or caused by ,
<br /> defective materials or faulty workmanship, 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 agrees to waive the provisions of +
<br /> Califomia Civil Code Section 2819 regarding consent to change, extension of time, alteration, or I
<br /> addition to the terms of the Contract or to the work to be performed thereunder, or the
<br /> Specifications accompanying the same shall in any way affect its obligations on this bond; and it i
<br /> does hereby waive notice of any such change, extension of time, alteration or addition to the •
<br /> terms of the Contract, or to the work, or to the Specifications.
<br /> In the event City, or its successors or assigns, shall be the prevaiiing party in an action brought '
<br /> upon this bond, then, in addition to the penal sum hereinabove specified, we agree to pay to the '
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<br /> REDWOOD CITY FIRE STATION #9 KITCHEN REMODEL j
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