Laserfiche WebLink
Bond No. 9018124M / 6564109M <br />Estudillo Callan 2008 Parking Garage <br />CITY OF SAN LEANDRO <br />STATE OF CALIFORNIA <br />MAINTENANCE BOND <br />KNOW AL,L MEN BY THESE PRESENTS: <br />Project No. 08-962-86-067 <br />WHEREAS, the City of San Leandro, State of California, has awarded to <br />WEBCOR CONSTRUCTION LP , hereinafter designated as the "Principal," a contract for <br />"Estudillo Callan 2008 Parking Garage, Project No. 08-962-86-067;" and <br />Whereas, said Principal is required under the terns 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 />FIDELITY AND DEPOSIT COMPANY OF MARYLAND <br />NOW, THEREFORE, we the Principal, and and SAFECO INSURANCE COMPANY OF AMERICA as Surety, are held and <br />firmly bound unto the City of San Leandro in the penal sun] of Eight HundredmrhirSeven Thousand Three Hundred Fifty and 70/100 <br />, �,Y 837,3,50.70 }, lawful money of the United States for the payment of which sun 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 />THE CONDITION OF THIS OBLIGATION IS SUCH that if, during a maintenance period of one (1) <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 />Maintenance Bond <br />RECEIVED <br />CITY OF SAKI I.EANDRO <br />61 12 ' $. <br />ENG / TRANS <br />00640-1 <br />