DocuSign Envelope ID: E451AB8C-D447-45EF-89BD-D55B981AD3F5
<br />Bond No.: 602-127040-5
<br />Premium: Included on Performance Bond
<br />CITY OF SAN LEANDRO
<br />STATE OF CALIFORNIA
<br />PAYAMNT BOND
<br />KNOW ALL MEN BY TEESE PRESENTS:
<br />WHEREAS, the City of San Leandro, a municipal corporation, has awarded to Me NELY
<br />CONSTRUCTION, 1040 Davis Street, Suite 203, San Leandro, CA 94577, hereinafter designated as
<br />the "Principal", a contract for Boys and Girls Club Pool Resurfacing, Project No. 2018.3400; 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 Niue Hundred Twelve Thousand, Two Hundred Eighty Nine Dollars
<br />($912,289.00), said sum being equal to the estimated amount payable by said City of San Leandro under
<br />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: 08f29112 Page I Payment Bond
<br />Boys and Girls Club Pool Resurfacing Project No. 2018.3400
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