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CITY OF SAN LEANDRO
<br />STATE OF CALIFORNIA
<br />PAYMENT BOND
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />WHEREAS, the City of San Leandro, a municipal corporation, has awarded to ROSAS BROTHERS
<br />CONSTRUCTION, 4731 Coliseum Way, Oakland, CA 94601, Phone: (510) 534-1077, hereinafter
<br />designated as the "Principal", a contract for Curb Ramp Upgrades 2018-19, Project No.: 2019.0070; and
<br />WHEREAS, said Principal is required to furnish a bond in connection with said contract, to secure payment
<br />of claims of laborers, mechanics, or materialmen employed on work under said contract, as provided by
<br />law.
<br />NOW, THEREFORE, we the undersigned Principal and Surety are held and firmly bound unto the City of
<br />San Leandro in the sum of Seven Hundred Ninety -Nine Thousand Three Hundred Seventy -Three
<br />Dollars ($799,373.00), said sum being equal to the estimated amount payable by said City of San Leandro
<br />under the terms of the contract, for which payment well and truly to be made, we bind ourselves, our heirs,
<br />executors, administrators, successors, or assigns jointly and severally, firmly by these presents.
<br />THE CONDITIONS OF THIS OBLIGATION ARE SUCH that if said Principal, or Principal's heirs,
<br />executors, administrators, successors, or assigns, or subcontractors shall fail to pay for any material,
<br />provisions, provender, or other supplies, implements, or machinery used in, upon, for or about the
<br />performance of the work contracted to be done, or for any work or labor thereon of any kind, or for amounts
<br />due under the Unemployment Insurance Code with respect to such work or labor, or for any amounts
<br />required to be deducted, withheld, and paid over to the Franchise Tax Board from these wages of employees
<br />of the Contractor and Contractor's subcontractors pursuant to the Revenue and Taxation Code, with respect
<br />to such work and labor, the Surety or Sureties hereon will pay for the same in an amount not exceeding the
<br />sum specified in this bond, otherwise the above obligation shall be void. In case suit is brought upon this
<br />bond, said Surety will pay a reasonable attorney's fee to be fixed by the court.
<br />This bond shall inure to the benefit of any and all persons, companies, and corporations entitled to file
<br />claims under Section 3138 of the Civil Code of the State of California so as to give a right of action to them
<br />or their assigns in any suit brought upon this bond.
<br />Said Surety, for value received, hereby stipulates and agrees that, in accordance with the Plans, Standard
<br />Specifications, Special Provisions, and other Contract Documents, no change, extension of time, alteration
<br />or addition to the terms of the contract, or to the work to be performed there under, or to the specifications
<br />accompanying the same, shall in anywise affect its obligations on this bond, and it does hereby waive notice
<br />of any such change, extension of time, alteration or addition to the terms of the contract, or to the work, or
<br />to the specifications.
<br />Last Revised: 06/01/16 Page 1 Payment Bond
<br />Curb Ramp Upgrades 2018-19 Project No. 2019.0070
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