Bond - Vadnais - 2007-06-14 PAYMENT BOND
BOND NO SU5023528
Premium Included in cost
of performance
COSTA MESA SANITARY DISTRICT
PAYMENT BOND
(LABOR AND MATERIAL BOND)
(District Contract)
KNOW ALL MEN BY THESE PRESENTS
THAT WHEREAS COSTA MESA SANITARY DISTRICT a California sanitary
district, by minute order of the Board of Directors, adopted on June 14 2007 has
awarded to
Vadnias Corporation
(NAME OF CONTRACTOR)
2130 La Mirada Vista CA 92081
(ADDRESS OF CONTRACTOR)
hereinafter designated as the 'Principal' a contract for the work described as follows
Project # 168 Irvine Pumping Station Relocation
(JOB NAME AND JOB ADDRESS)
WHEREAS said Principal is required by the provisions of said contract and of
the Civil Code to furnish a bond in connection with said contract, as hereinafter set forth.
NOW THEREFORE, WE, the undersigned CONTRACTOR, as Principal and
Arch Insurance Company 135 N Los Robles Ave Ste 825 Pasadena CA 91101
(NAME AND ADDRESS OF SURETY)
duly authorized to transact business under the laws of the State of California, as Surety
are held and firmly bound unto the Costa Mesa Sanitary District, in the penal sum of
One Million Seven Hundred Fifteen Thousand Eight Hundred Seventy Five* Dollars
($1 715 875 00 ), said sum being not less than one hundred (100%) percent of the
estimated amount payable under the terms of the contract for which payment well and
truly be made, we bind ourselves, our heirs, executors and administrators successors
and assigns, jointly and severally firmly by these presents. *and No/loo
THE CONDITION OF THIS OBLIGATION IS SUCH that, if said Principal or his
subcontractors, or the heirs, executors, administrators, successors or assigns thereof
shall fail to pay any of the persons named in Section 3181 of the Civil Code of the State
of California for any materials, provisions, provender or other supplies used in, upon, for
or about the performance of the work contracted to be done, or for any work or labor
performed by any such claimant or any amounts required to be deducted, withheld, and
paid over to the Franchise Tax Board from the wages of employees of the
CONTRACTOR and his subcontractors pursuant to Section 18806 of the Revenue and
Taxation Code, with respect to such work and labor then said Surety will pay for the
1
same, in an amount not exceeding the sum set forth hereinabove, and in addition, in
case suit is brought upon the bond, will pay a reasonable attorney's fee to be fixed by
the court. This bond shall inure to the benefit of any and all persons named in the
aforesaid Civil Code Section 3181 so as to give a right of action to them or their assigns
in any suit brought upon the bond Said bond shall be exonerated 35 days after the
Notice of Completion is recorded unless any pending claim remains unresolved
Further the said Surety for value received, hereby stipulates and agrees that no
change, extension of time alteration or modification of the contract documents or of the
work to be performed thereunder shall in any way affect its obligation on this bond; and
it hereby waives notice of any and all such changes, extensions of time, and alterations
or modifications of the contract documents and/or of the work to be performed
thereunder
All signatures shall be properly notarized and a properly authenticated power of
attorney must be submitted.
IN WITNESS WHEREOF we have hereunto set our hands and seals this 25th
day of June 2007
CONTRACTOR va a Corporation
By /s/
Jeff Anderson, Vice President
In accordance with the Contract described above all bonds shall be issued by an
admitted surety insurer and the District reserves the right to object to any such surety in
accordance with Code of Civil Procedure Section 995.660
By signing below Surety certifies that the bonds are issued by admitted surety
SUR " •rch Insurance Company
BY' Ili k .LJL
Company "e,resentative Janina Monroe Attorney-in-Fact
APPRO ED ' S TO FORM:
By /s/ r ,
Alan R. Burns, District Counsel
Costa Mesa Sanitary District
2
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
State of California
kCounty of Orange
r kir
\` On 2 J TOUT before me, Melissa A. Governable&, Notary Public
Name and Tine of Officer le-0• Jane Doe fiery Pubic"
personally appeared Janina Monroe
Names)d Warts)
® personalty known to me- OR - ❑ proved to me on the basis of satisfactory evidence to be the person(s)
whose name(s)is/are subscribed to the within Instrument
and acknowledged to me that he/she/they executed the
same in his/her/their authorized capacity(ies), and that by
his/her/their signature(s)on the instrument the person(s), 1
or the entity upon behalf of which the person(s) acted,
+ MELISSA A. COVARRUBIAS executed the instrument.
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Y uR <2J Notary Public Callforrua j WITNESS my hand and official seal. ki
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8 '' MyCOmm.Expires Ma 22,2009 'a
Signature of Notary Public
OPTIONAL
1 Though the information below is not required by law,it may prove valuable to persons relying on the document and could prevent
fraudulent removal and reattachment of this form to another document.
8 Description of Attached Document
\ Title or Type of Document: S
Document Date: Number of Pages:
Signer(s)Other Than Named Above:
Capacity(ies) Claimed by Signer(s)
Signer's Name: Janina Monroe Signer's Name: 8
o ❑ Individual ❑ Individual
ti
1 ❑ Corporate Officer O Corporate Officer
0 Title(s): ❑Title(s):
0 Partner—❑ Limited ❑General O Partner—❑ Limited El General
IA Attorney-in-Fact ❑Attorney-in-Fact
❑Trustee U Trustee RIGHT TH JMBPRitdT L.
❑Guardian or Conservator RiG pF SIGNERRfNT ❑Guardian or Conservator OF SIGNER
` ❑Other Top of thumb here O Other Top of thumb here 5
Signer Is Representing: Signer Is Representing:
60.1133 9197