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<br /> Bond No: 929570399
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<br /> Premium: $2,339.00
<br /> FAITHI�UL PERFORt11�lANG� BC?ND �
<br /> FCNOW ALL MEAf BY 7'HES� PRESENTS: thaf, WH�REAS, fhe Cl#y of Redwood Gity("Cify"),
<br /> San Matea Counfy, State of CalEfornia, has awarded to
<br /> VSS International, znC. hereinaftar designa#ed aS ��18
<br /> "Princip�l", a Confract, the terms and provision$ of whic� Cdntract are incorporated herein by
<br /> reference,for cansttucting the foilovv�ng project:
<br /> 2�92-2D13 ASFHALT RUBBER CHIF SEAL PROJ�CT �
<br /> and
<br /> WHEREAS, said Frincipal fs requlre� under the terms of said Con#ract to furnlsh a �ond for t�te
<br /> faithful performance of said Contraat;
<br /> NOVY, THEREP(}l2�, we, the Principal, a11d Western Surety Company a$
<br /> surety, are held and #)rrnfy toound unto Cfty, San M�#eo Caunty, CaEiforr�ia, i� the penal sum of
<br /> Eight Hundred Sixty Six Thousand* [�p1(�rs �� 866,436.00 � �a,�l mone
<br /> of the Unified States, being �ns hundred percent (�00%) of the Contracf atnount, for the
<br /> payment of which sum well and fi�uly ta be made, we bind ourselves, aur h�irs, executors,
<br /> administrafors anc3 successars,jair�tly and sevarally, firmly by thase presents.
<br /> 7HE CONDC'�lOK�F THlS t}BLlGA'CfON 1S SUCH, that if the above bounden Prineipal, his ar
<br /> Its heirs, executors, administratars, succes�ars ar assigns, shall in all things stan�f to and abide
<br /> by, and wil! tr�ly [ceep and faithfully p�rtorm the covenants, condi#iarzs, and agreements in #he
<br /> said ContracE and any alterations made as therein provided, on his or their part, to be kept and
<br /> perfnrmed at the#ime and in the manner therein specified, and in all respects according to their
<br /> true intenf and meaning, and shal[ indemnify and save harmless City, its Council,
<br /> Cornmissioners, baards, committees, offi�ers, employees and agenfs, as therein s�ipulated,
<br /> then this obliga#ion shall be null and void; ofherwise it shall be and remain in fu11 force and
<br /> virtue.
<br /> As a aanditian precectent to tha satisfactory aomplation of fhe s�id Contract, tt�� above
<br /> abligation shap hvld gnod far a period of one (�1) year affer the completion and acceptance of
<br /> th� said work, during which time if the abave bounden F'rinci�al, his ar its heirs, exacutars,
<br /> adminis#rators, successars ar assigns shali fail ta make fuil, cam�lete �nd satisfacfoty repair
<br /> and replacements or tota(ly protecf the said City from loss or�amage made evident during said
<br /> period of one(1}yearfrom the date of acceptance af said work, and resulting from or caused by
<br /> defective materiafis or faul#y workmanship, in ti�e prosecufion af the work dane, the abova
<br /> obligation shal{he and remain in full force and virtue.
<br /> And fhe said Surety, for value reaeiver�, hareby stipulates and agrees to walve the provisions of
<br /> Californfa Givil Gode Sectson 2899 regarding cansent fo chan��, extension of time, alteratlan, or
<br /> addit�on to the ferms of the Gontract or to the work ta be performed #hereunder, or the
<br /> Speciflcations accompanying the sarne$hall in any way affect ifs oblfgatinns on this bond; and it
<br /> daes hereby waive notice of any such change, extensi�n 4f time, altaration ar addition to #he
<br /> terms of the Cnntrac#, or ta the work, or to the Specifications.
<br /> In the svent Cify, ar its suc+cessors ar assigns, shall be fhe prevailing party in an actian broug#tt
<br /> upon this bond, then, ln additian to fha penal sum hereinabave specffied, w�agree to pay tQ the
<br /> said Clty, or ifs s�ooessors or assigns, a re�sonable sum on accnunt of attorney`s fees in such
<br /> act�on, whlch sum shaif be fixed by the cour�.
<br /> *Four Hundred Thirty Six Dollars And 00/100
<br /> FA}THFU[.F��RFORMAl�GE BOND 006'10-'!
<br /> 2p72-2018 AS#�HALT FtUBBER CHIP SERL PROJECT
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