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Premium Included in
<br />Performance Bond
<br />LABOR AND MATERIAL BOND
<br />Bond No. 107973825
<br />Whereas, the City Council of the City of Pleasanton, State of California, and
<br />Bay Cities Paving & Grading, Inc. ("Principal") have entered into an agreement whereby
<br />Principal agrees to install and complete certain designated public improvements, which
<br />agreement, dated May 7 , 20 24, and identified as HO PY ARD ROAD AND
<br />OWENS DRIVE INTERSECTION IMPROVEMENTS, PROJECT NO. 15525, is
<br />hereby referred to and made a part hereof; and
<br />Whereas, Under the terms of the agreement, Principal is required before entering upon
<br />the performance of the work, to file a good and sufficient payment bond with the City of
<br />Pleasanton to secure the claims to which reference is made in ,Title 3 ( commencing with
<br />Section 9000) of Part 6 of Division 4 of the Civil Code.
<br />Now, therefore, Principal and the undersigned as corporate surety, are held firmly bound
<br />unto the City of Pleasanton and all contractors, subcontractors, laborers, material
<br />suppliers, and other persons employed in the performance of the agreement and referred
<br />to in Title 3 (commencing with Section9000) of Part 6 of Division 4 of the Civil Code in
<br />the sum 0 fFour Million One Hundred Eighty Three Thousand* dollars ($4,183,298.00 ),
<br />for materials furnished or labor thereon of any kind, or for amounts due under the
<br />Unemployment Insurance Act with respect to this work or labor, that the surety will pay
<br />the same in an amount not exceeding the ·amount hereinabove set forth, and also in case
<br />suit is brought upon this bond, will pay, in addition to the face amount thereof, costs and
<br />reasonable expenses and fees, including reasonable attorney's fees, incurred by City Qf
<br />Pleasanton in successfully enforcing this obligation, to be awarded and fixed by the court, 1
<br />and to be taxed as costs and to be included in the judgment therein rendered.
<br />*Two Hundred Ninety Eight and No/100----
<br />It is hereby expressly stipulated and agreed that this bond shall inure to the benefit of any
<br />and all persons, companies, and corporations entitled to file claims under Title3
<br />(commencing with Section 9000) of Part 6 of Division 4 of the Civil Code, so·as to give a
<br />right of action to them or their assigns in any suit brought upon this bond.
<br />Should the condition of this bond be fully performed, then this obligation shall become
<br />null and void, otherwise it shall be and remain in full force and effect.
<br />The surety hereby stipulates and agrees that no change, extension of time, alteration, or
<br />'addition to the terms of the agreement or the specifications accompanying the same shall
<br />in any manner affect its obligations qn this bond, and it does hereby waive notice of any
<br />such change, extension, alteration, or addition.
<br />Travelers Casualty and Surety Company of America
<br />Surety
<br />~-:.;;,_;_a/J . ~
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<br />Kathleen Earle, Attorney-m-FJ'C!::-':·_ .. -·· ••• ... -:: _ \:.
<br />ure o Principal and Surety must be notarized) f /r.· • ·_ ) \_
<br />AGE LEFT INTENTIONALLY BLANK I :,; -~ · · , .: .. -~ :_ :.-.::: 1
<br />DocuSign Envelope ID: E9C36B8D-E90F-4CE7-9DA5-BF39B42482B9
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