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6.1.C. - Page 24
<br /> EXHIBiT C
<br /> PAYMENT BOND Bond No. 9060a1&65
<br /> KNOW ALI. M�N BY TH�3� PR�SENTS:That we, B1� �ro erties znc.
<br /> a5 PCI11C1���, �i1G{, the Gity of Redwood City, San MaCeo Cou�ty, California organized at1C�
<br /> �xisting under the laws �f the Stafe of Califor�tia
<br /> and L�berty Mutuai Insurance Company , -�R� aUt�kpflZ�t� rp BXGCUtE
<br /> � bonds and �ndertakirtg as sole surety, as Surety, are hel� and firmEy bound unto any and all
<br /> persons narned in Califarn�a Civii Code 5ection 3181 whose claim has not been paid by #h�
<br /> Contractor, compar�y or corporation in the aqqregate total of
<br /> Two Nli.11ion Two Hundred Fi£�.y �a'o Thousand �ao * �0��8CS �$ ) (being
<br /> �(3Q% of the Cont�act amourtf} far the payment whereaf, well and truiy to �e mad�, said
<br /> principal and Surery bond themselves, their heirs, administrators, successors, and assigns,
<br /> � ����t�ly and se�e��layi�o%�ol� by these pr�s�nts.
<br /> TH� G�NDI1'I�N �F THE FOREG0ING �BL.[GATIDN {S SUCH that, whereas th� a�ov�wiih
<br /> the Ciiy 4f Redwaod City ("City") #o do#he following work, to-wit:
<br /> 640 Ve�erans Boulevard Iroprovemen�s
<br /> NOW, TH�R�F�RE, if the abave-botanden Principal or h9s s�bcor�tractors faii ta pay any of the
<br /> persons t�amed in Section 318'� of t�te C€vi! Code of the St�te of Ca{ifornia, or amounts d��
<br /> under fhe lJnemployment Insurance Cade with respect fo work or labor pe�forrned under fF�e
<br /> Cantract, or for any amounts re�uired to be deducted, withheld, and paid over tn the
<br /> �mploym�nt Oeveloprr�ent Departrr�ent fram the wages of empl�yees of the Cor�tractor ar�d his
<br /> subcantractor pursuanf to Sectian 13020 of th� Un�mployment Ir�surance Code of the State of
<br /> Califorr�ia, with respect to such work and iabor, fhe surety wi11 pay for the same, in the amount
<br /> not exceeding the sum specified in this bond, and also, ir� case suit is brought upon this bonti, �
<br /> reasonable a#torr�ey's#ee,to be�ixed by the Co�rf.
<br /> 7his bond shal! inure to the benefit af any persar� named in Section 318� of the Civil Cade�f the
<br /> 5fate of California so as ta give a righ# of actior� to th�m ar t�eir assignees in s�if brqught upon
<br /> this �ond. �
<br /> This bond is exec�ted and ffed fo compEy with t�e provisions of the act of#he L.egisEature of fh�
<br /> 5tate of California as designated in Civfl Code Sections 3247-3252, inclusive, and all
<br /> amendments thereto.
<br /> And the said Surety, for value received, hereby sfipulates and agrees to waive the provisions of
<br /> C�fifornia Civil Code Secti�n 2819 regarding c�nsent io change, extension of time alteratiAn, or
<br /> addition to #he terms of the Cantract, or to #he work to be perFormed thereu�td�r, or the
<br /> Specificetivns accompany�ng the sarr�e, shall in any vuay affect its obligations on this bond; and
<br /> it dass hereby waive notice of any such �hange, extension af tim�, alteratian, ar addition to the
<br /> terms of the Cotttract, nr to the work, or to the Specifications,
<br /> IN WIT'NESS WW�R�OF', the above bourtden parties have executed this instrument under iheir
<br /> seals this�,_____day of ,20 the name a�d carporate seal of
<br /> �ach corporate party being h�reto af€ixed and these pr�sents duly signe� by its undersigned
<br /> representative, pursuanf to a�thorify of its governing body.
<br /> ATTEST.
<br /> STtE Properties, �nc.
<br /> Principal
<br /> _ AT7YlAGR12413:tl�5lB40 VE7EF2AN5 IMPROV�MEN7 AGREEMElJ� _ . . _.. ...... __ . _ _ .
<br /> REV;01-09-33 VR
<br /> E'age T7 uf 18
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