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Bond#724810P <br /> Premium: Included with Performance Bond <br /> PAYMENT BOi�D <br /> KNI�V'1f ALL MEN 8Y THESE PRESENTS:That we, Suarez&Munoz Construction Inc. <br /> as Principat, �t1d, Developers Surety and Indemnity Company or�anized and <br /> existinc� under th�e laws of the State caf _ California <br /> ----, and autharizeci #o execute <br /> bonds and underfaking as sole surety, as Surety, are hel�! anc� firmly baur�d unto any and alI <br /> persc�ns �tam!�d in CaCifornia Civil Cade Sect'ion 318� whc�se claim has not been paid by the <br /> Cort#ractor, compar�y or corporati�� in the aggregate to#�t crf <br /> five hundred sixteen thousand five hundred and no/100 D0112�'S {$' S16,500.00 } �pitlg, <br /> "I QDa/b of the Contract amountj for the payrnent whereaf, w�11 and truly to be mad�, said <br /> Principal and Surety bond themselves, their heirs, adrninistrators, successors, and assigns, <br /> jaintly and severafly,firmly by these pr�serits: <br /> T'HE GQNDIT1flN OF THE FOREG�IhIG t3BL1GATtON kS SUGH'that; wh�r�as the above with <br /> th�City t�f Reduv�aod City("City"}t�do#he follorniing work,tQ-wit: <br /> 2072 MEZ�S P�IRK REN01/AT10N PROJECT <br /> N�(}iN, THERE�t�RE, if the above-bounden I'nncipal or his 5ubcontractc�r�fail t� pay a�y of the <br /> p+arsons named in Sectian 318� of the Civ�E �ode of the State of �alifo�-tiia, or amaunts due <br /> under the Unemployment Ensurance Cade wi�h respect #o work or labo� pecformed under the <br /> Contract, ar for any arnounts requi�ed to be dedt�c#ed, w'rthhe[d, and paid over #� the <br /> Ernpl�yment Developmen# Department frnrn the wa�es of empfoyees of tl�re Contr�ctr�r and his <br /> s�bcontractar pursuar�#to SecfiQn 13420 of tMe Ur�employment llnsurance �od� of the State o�' <br /> Calffomia, with respect t�such worlc anc! Iabor, fihe surety will pay f+�r tne sarne, in the amvunt <br /> not �xceeding the surn specifed in th'is bond; ��d als�, in case suit is brought upon ft�is bond, a <br /> reasonable attorney`s fee, to be f�xed by the Go�rt. <br /> This bo�d shall inure to the benefit of�ny persc�n named in Sec�ion 3'E 81 �fi ti�e Civil Code af the <br /> State of Califo�nia so as ta give a rigtst o#action to thern or their assignees in suit brou�ht upor� <br /> th�s band. <br /> This �ond is executed and fileci tQ camply vuith the provisior�s o�tMe act of the Legislature �f the <br /> State of Caiif�rnia as designated in Giuii Code Secti�ns 3247-3252, inclusive, and alE <br /> amendmerrts tl�eretv. <br /> An�J t�e said Sure#y, for�alue received', here�y stipuiates and a�grees to waive the provisinns of <br /> Galifornia Cnri� Code Sec#ion 2819 regarding'conse�t to change, ext�nsion of time alteration, or <br /> addition to the te�ms of �hre C4ntract, �or ta th� wark to be perform�d ther�under, or the <br /> Sp�cificatii�ns accampar�ying the sarn�, shall in a�y way affect its obligations on this boc�d; and <br /> it does here�y waiue nra#ice of any su�t char�ge, e�ctensian of time, alterati�r�, or addition t�the <br /> terms a�the Cantract, or to�he work, or ta the S�cificati�ns. <br /> 2Di�MEZ�S PkRK REi+IOVATfO�I PROJE�T <br />