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Reso 2012-033
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Reso 2012-033
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Last modified
6/5/2019 10:43:52 AM
Creation date
4/18/2012 3:24:24 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
4/16/2012
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Document Relationships
8F Consent 2012 0416
(Reference)
Path:
\City Clerk\City Council\Agenda Packets\2012\Packet 2012 0416
Inst 2012130310
(Reference)
Path:
\City Clerk\City Council\Recorded Documents\2012
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CITY OF SAN LEANDRO <br />STATE OF CALIFORNIA <br />MAINTENANCE BOND <br />Bond No: 92953 0704 <br />KNOW ALL MEN BY THESE PRESENTS; <br />WHEREAS, the City of San Leandro, State of California, has awarded to <br />International Surfacing Systems , hereinafter designated as the "Principal," a contract for <br />Annual Street Sealing 2010-11, Project No. 10-144-38-323; and <br />Whereas, said Principal is required under the terms of said contract to furnish a bond for the correction of <br />any defects due to defective materials or workmanship in the work performed under said contract. <br />NOW, THEREFORE, we the Principal, and Western Surety Company as Surety, are held and <br />firmly bound unto the City of San Leandro in the penal sum of Thirty One Thousand Three Hundred* <br />($ 31,333.64 ), lawful money of the United States for the payment of which sum well and truly to be, <br />made, we bind ourselves, our heirs, executors, administrators, successors, or assigns jointly and severally, <br />firmly by these presents. <br />Five (5) <br />THE CONDITION OF THIS OBLIGATION IS SUCH that if, during a maintenance period of Jbiwily <br />year from the date of recordation of the Notice of Completion by the City, the Contractor upon receiving <br />written notice of a need for repairs which are directly attributable to defective materials or workmanship, <br />shall diligently take the necessary steps to correct said defects within seven (7) days from the date of said <br />notice, then this obligation shall be null and void; otherwise it shall remain in full force and effect. <br />If any action shall be brought by City upon this bond, a reasonable attorney's fee, to be fixed by the court, <br />shall be and become a part of City's judgment in any such action. <br />No right of action shall accrue on this bond to, or for the use of, any person or corporation other than the <br />City named herein or the heirs, executors, administrator, or successor of the City, <br />*Thirty Three Dollars And Sixty Four Cents <br />EC E IVSD <br />CITY OF SAN I.EANDRO <br />PR 13 2012 <br />E • / TRANS <br />Last Revised: 12-2004 Page 40 Maintenance Bond <br />Annual Street Sealing 2010-I 1 Project No. 10-144-38-323 <br />
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