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Bond No.: 1738670
<br /> Premium:$2,230.00
<br /> �������t ���������A��:�� �{��{�
<br /> KNO'6N A�L MEhB BY THES� ��tI�SENTS: tha�, Wh��REAS, the Gi#y af Redwood City("City�«},
<br /> San Mateo Caunty, State cr� Caiifornia, h�s award�d to
<br /> JJR Construction, inc. hereinaffier designated as the
<br /> "'Pr�ncipal", � Contract, the #erms aa�c� provisions of w�ich Contracf are incor�orated �erein by
<br /> reference, for� canstructir�g the follo�ing �roject:
<br /> �ASSAGF�EJS�T�S AVENt1��iVD ARl�flte�A�QY !l+�TERS�CTIt3�t Ifl�PRtJ!/�a1��1�dTS
<br /> PR�JE�T
<br /> anc#
<br /> �HER�AS, said Prineipal is required under fhe terms of said Contract to furnish a bond for the
<br /> faithful perforrnance of said Co�tract,
<br /> NO'�V', TF9E�EF4R�, we, the Prfrtcip�l, and Great American Insurance Gompany r �s
<br /> surety, are heid and firmly bound unto City, San N9ateo County; Cafi�ornia, in the penal sum of
<br /> One hundred thirty nine thousand three hundred seventy ��;�� a-5 t� 139 379 75 �, ►ayvfLl� tl'�OnBy
<br /> ___ __,_,,._, ...__�__ — -_._,.. .__.__. _. ___: _.....�......... ,R,..,..�
<br /> of �he �nited �tates, being one r�undred percent (1U�J%o) af the Con#ract arnount, fior the
<br /> payrnen# of wF�tch sum weil and truly $o b� made, we bind aurselves, aur heirs, executc�rs,
<br /> adminis#rators and s�zccessa�s, jaintdy and severafly, fi�miy by these presents.
<br /> TH� C�t�D[7'ION O� THIS t3B�.f�,�Tl�t� �� St1CW, #hat 'tf the abo�re bounden Principa(, his or
<br /> its heirs, executors, administr�tors> successacs or assigns, shal! in all thing5 stand to and abide
<br /> by, and wii( #ruly keep and faithfully perform the covenants, contiitions, and agre�ments irr the
<br /> said GQntr�ct a�d any a4teratians made as therein provided, an his or their pat�, to be kept and
<br /> performed at the time and ir� the manner therein specified, and in aE1 respects accarding to their
<br /> true intent and meaning, and shal! �nc#emnify ard save harmless City, its Cauncil,
<br /> Commissioners, boards, co�nmif#ees, officers, err�ploy�es ancE agents, as therein st€pulated,
<br /> then this obligat�on sk�all be null and void; oti�erwise it shail be and remain in full forc,� and
<br /> virtt�e.
<br /> As � conditian preeedent ta the satisfactory Gpmp€etior� of the said Contract, the above
<br /> obtigation shall hold goc�d far a perio� of one (1) year affer the compl�tion and acceptanc� of
<br /> the �aid work, during whict� time if th�; abov� bounden �rincipal, his or its hairs, execufors,
<br /> administratars, successors or assig�s shall fail to make fu(i, complete and satisfactory repair
<br /> and repiacements or#otalty pratec� th� said City f�om ioss or damage made evident during s�id
<br /> period af one (3) year from the date of acceptance af said work, and resulting from or caused by
<br /> defect€ve materials or f�ulty worksnanship, ir� #h� prasecutior� of the lvark done, the above
<br /> oblig�tiort shaE1 be and remain in fu(6 fflrce and virfue.
<br /> And the safd Surety, fnr ualus rec�ived, hereby �#ipui�tes ar�d agrees ta waive the provisions of
<br /> California C�vil Code �ectiQn 2819 reg�rdi�g cansen# to change, extension of tirne, alteration, or
<br /> aciclitian to the terms of the Confract nr to the work to be performed ttie�eunder; or the
<br /> Specifications acccrmpanying the same sha!! in any way affec# its obligations on this bnnd; and it
<br /> does hereby waive no#ice of any suc3� change, �xtension of time, alteratiort or additiar� to the
<br /> terms n�the Contr�ct, ar to fihe wQrk, ar to the Specificatiaras.
<br /> (n tf�e ev�nt City, or its successars or assign�, sh�,ll be the prevaifing party in art action �rought
<br /> upo�#his bond, then, ir� addition to the per�ai sum hereinabove specified, we agree to pay to the
<br /> saic� City, ar its successors or assigns, a reasonable sum on aecaunt af aftorney`s fees in suc#�
<br /> actic��, w#�ic#� sum shall be fixed by fhe court_
<br /> F�t1�fHFiJL PERFlJt�MANCE BOND (1061Q-1
<br /> I�AASSAGHUSET�S AVENtJE AND RR(�'C�NA WAY iNTERSECTfC7N IMPfiOVEMENTS('ROJECT
<br /> * nine and 75/100
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