CHILLA, TANGIRALA, CHIKATI - Laserfiche WebLink

• LABOR AND MATERIAL'S BOM) (Subdivision Improvements) Bond No. : 4439818 Premium: included in Performance Bond WHEREAS, Saravana Laxmi Narayana Chilla, Swapna Tangirala,and Rama Krishna Chikati (herein designated as"principal"), and City of Pleasanton (herein designated as`obligee") have entered into an agreement whereby principal agrees to install and complete certain designated Subdivision Improvements,which said agreement,dated and identified as project Improvements at Parcel Map No. 11051 PUD-133,3 Single Family Homes at 3987 Stanley Boulevard. Pleasanton, CA . is hereby referred to and made a part hereof: and. WHEREAS, under the terms of said agreement, principal is required before entering upon the performance of the work, to file a good and sufficient payment bond with the City of Pleasanton to secure the claims to which reference is made in Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code of the State of California. NOW.THEREFORE, said principal and the undersigned as corporate surety, are held firmly bound unto the City of Pleasanton and all contractors. subcontractors, laborers, material men and other persons employed in the performance of the aforesaid agreement and referred to in Title 3 (commencing with Section 9000)of Part 6 of Division 4 of the Civil Code of the State of California in the sum of One Hundred Forty Four Thousand One Hundred & 00/100 dollars ($144,100.00), for materials furnished or labor thereon of any kind, or for amounts due the Unemployment Insurance Act with respect to such work or labor, that said surety will pay the sane in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond. will pay. in addition to the face amount thereof. costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by City in successfully enforcing such obligation, to be awarded and fixed by the court, and to be taxed as costs and to be included in the_judgment therein rendered. It is hereby expressly stipulated and agreed that this bond shall inure to the benefit of' any and all persons,companies and corporations entitled to file claims under Title 3 (commencing with Section 9000) of Part 6 of Division 4 of the Civil Code, so as to give a right of action to them or their assigns in any suit brought upon this bond. Should the condition of this bond be fully performed. then this obligation shall become null and void, otherwise it shall be and remain in full force and effect. The surety hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of said agreement or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change,extension, alteration or addition. 3131 Camino del Rio N. • Suite 1450 • San Diego, CA 92108 619-400-4100 • Toll Free 800-288-0351 • Fax 619-400-4101