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Bond No. <br />CONTRACTOR'S BOND FOR ONE YEAR MAINTENANCE <br />VALLEY AVENUE SOUNDWALL REPAIR (REBID) <br />PROJECT NO. 18437 <br />KNOW ALL PERSONS BY THESE PRESENTS: <br />WHEREAS, the City of Pleasanton has awarded and <br />("Contractor") is about to execute a Contract for the <br />above -referenced Project ("Contract") and the terms thereof, which are incorporated <br />herein by reference, require the furnishing of a bond with said Contract providing for <br />maintenance for a period of one (1) year from the date of acceptance by the City Council <br />of said contract by the Contractor. <br />NOW, THEREFORE, WE, Contractor and <br />("Surety"), are held firmly bound unto the City of Pleasanton, as Agency in the penal <br />sum o£ <br />DOLLARS, ($ ; <br />lawful money of the United States of America, said sum being ten percent (10%) of the <br />estimated amount payable by Agency under the terms of the contract, for payment of <br />which sum well and truly to be made, we bind ourselves, our heirs, executors, <br />administrators, successors, jointly and severally, firmly by these presents. <br />THE CONDITION OF THIS OBLIGATION is such that if the above bounden <br />, Principal(s), within a period of one (1) <br />year after the completion and acceptance of the project fulfills the provisions of the <br />Contract and complies with any necessary repairs or replacement of faulty materials to <br />the VALLEY AVENUE SOUNDWALL REPAIR (REBID), PROJECT NO. 18437, <br />and related facilities, then the above obligation shall be void; otherwise to remain in full <br />force and effect. <br />No cancellation or termination of this bond by Surety shall be effective unless <br />thirty (30) days prior written notice thereof has been delivered to the City Engineer, <br />provided that no cancellation or termination shall affect any liability incurred or accrued <br />hereunder prior to the expiration of said thirty (30) day period or any work performed <br />under any Contract issued by the City. <br />This bond is executed in accordance with the rules, regulations, standards, <br />specifications and policies of the City of Pleasanton. <br />Valley Avenue Soundwall Repair Project (REBID), CIP No. 18437 <br />Page 31 <br />