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Bond No. 18L006205
<br />CONTRACTOR'S BOND FOR FAITHFUL PERFORMANCE
<br />KNOW ALL PERSONS BY THESE PRESENTS:
<br />Whereas, The City Council of the City of Pleasanton, State of California, and
<br />Villalobos and Associates ("Principal") have entered into an agreement
<br />whereby Principal agrees to install and complete certain designated public improvements,
<br />which said agreement, dated _______ , 20_, and identified as ANNUAL
<br />CURB & GUTTER FOR STREET RESURFACING PROJECT, PROJECT NO.
<br />24509, is hereby referred to and made a part hereof; and
<br />Whereas, Said Principal is required under the terms of said agreement to furnish a bond
<br />for the faithful performance of said agreement.
<br />Now, therefore, we, Principal and The Ohio Casualty Insurance Company ("Surety"), are held
<br />and firmly bound unto the City of Pleasanton, in the penal sum of Seven Hundred Twenty Thousand Six Hundred Eighteen
<br />dollars($ 720,618.00 ) lawful money of the United States, for the payment
<br />of which sum well and truly to be made, we bind ourselves, our heirs, successors,
<br />executors and administrators, jointly and severally, firmly by these presents.
<br />The condition of this obligation is such that if the above bounded Principal, Principal's
<br />heirs, executors, administrators, successors or assigns, shall in all things stand to and
<br />abide by, and well and truly keep and perform the covenants, conditions and provisions in
<br />the said agreement and any alteration thereof made as therein provided, on Principal' s
<br />part, to be kept and performed at the time and in the manner therein specified, and in all
<br />respects according to their true intent and meaning, and shall indemnify and save
<br />harmless City of Pleasanton, its officers, agents and employees, as therein stipulated, then
<br />this obligation shall become null and void; otherwise it shall be and remain in full force
<br />and effect.
<br />As a part of the obligation secured hereby and in addition to the face amount specified
<br />therefor, there shall be included costs and reasonable expenses and fees, including
<br />reasonable attorney's fees, incurred by City of Pleasanton in successfully enforcing such
<br />obligation, all to be taxed as costs and included in any judgment rendered.
<br />Surety hereby stipulates and agrees that no change, extension of time, alteration or
<br />addition to the terms of the agreement or to the work to be performed thereunder or the
<br />specifications accompanying the same shall in anywise affect its obligations on this bond,
<br />and it does hereby waive notice of any such change, extension of time, alteration or
<br />addition to the terms of the agreement or to the work or to the specifications.
<br />In witness whereof, this instrument has been duly executed by the Principal(s) and Surety
<br />above named, on \ACAr:tb 01 , 20 _lY_ ..
<br />Contractor Surety
<br />Annual Curb & Gutter for Street Resurfacing Project, CIP No.24509 Page 25
<br />DocuSign Envelope ID: DA631F0B-3C25-4585-9688-3F2684907C15
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