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• I I <br /> I <br /> Bond Number: 723979 <br /> Premium Included in that of <br /> the Pertormance Bond <br /> PAYMENT BOND <br /> KNOW ALL MEN BY THESE PRESENTS: That We, Environmental Risk Specialties Corp. <br /> dba Waler R oc k R <br /> as Principal, and Developers Surety And Indemnity Company organized and <br /> existing under the laws of the State of California <br /> , and author�zed to execute <br /> bonds and undertaking as sole surety, as Surety, are held and firmfy bouhd unto any and all <br /> persons named in California Civil Code Section 3181 whose claim has not been paid by the <br /> Contractor, company or corporation in the aggregate total of <br /> Sixty One Thousand Nine Hundred Thirteen and No/100------------------DOIIBPS ($ s� s�s.00---------------) (tieing <br /> 100% of the Contract amount) for the paymenf whereof, well and truly to be made, said <br /> Principal and Surety bond themselves, their heirs, administrators, successors, and assigns, <br /> jointly and severally, firmly by these presents. <br /> THE CONDITION OF THE FOREGOING OBLIGATION IS SUCH that, whereas the above with <br /> the City of Redwood City ("City") to do the following work, to-wit: <br /> SEAPORT RIP RAP REPLACEMENT PROJEC7 <br /> NOW, THEREFORE, if fhe above-bounden Principai or his subcontractors fail to pay any of the <br /> persons named in Section 3181 of the Civil Code of the State of California, or amounts due <br /> under the Unemployment Insurance Code with respect to work or labor performed under the <br /> Contract, or for any amounts required to be deducted, withheld, and paid over to the <br /> Employment Development Department from the wages of employees of the Contractor and his <br /> subcontractor pursuant to Section 13020 of the Unemployment Insurance Code of the State of <br /> California, with respect to such work and labor, the surety will pay for the same, in the amount <br /> nof exceeding the sum specified in fhis bond, and also, in case suit is brought upon this bond, a <br /> reasonable attorney's fee, to be fixed by the Courf. <br /> This bond shall inure to the benefit of any person named in Section 3181 of the Civil Code of the <br /> State of Califomia so as to give a right of action to them or their assignees in suit brought upon <br /> this bond. <br /> This bond is executed and filed to comply with the provisions of the act of the Legislature of the <br /> State of California as designated in Civil Code Sections 3247-3252, inclusive, and all <br /> amendments thereto. <br /> And the said Surety, for value received, hereby stipulates and agrees to waive the provisions ot <br /> California Civil Code Section 2819 regarding consent to change, e�ension of time alteration, or <br /> addition to the terms of the Contract, or to the work to be performed thereunder, or the <br /> Specifications accompanying the same, shali in any way affect its obligations on this bond; and <br /> it 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 /> SEAPORT RIP RAP REPLACEMENT PROJECT <br />