Bond - Vadnais - 2007-06-14 (2) FAITHFUL PERFORMANCE BOND
BOND.NO SU5023528
premium. $17 159 00
COSTA MESA SANITARY DISTRICT
FAITHFUL PERFORMANCE BOND
(District Contract)
KNOW ALL MEN BY THESE PRESENTS'
THAT WHEREAS, COSTA MESA SANITARY DISTRICT a California sanitary
district, by minute order of the Board of Directors, adopted on June 14 2007
has awarded to
Vadnais Cor..ration
NAME OF CONTRACTOR
2130 La Mirada, Vista, CA 92081
ADDRESS OF CONTRACTOR
hereinafter designated as the "Principal" a Contract for the work described as follows:
Project # 168 Irvine Pumping Station Relocation
JoB NAME AND Joe ADDRESS
WHEREAS, the said Principal is required under the terms of said Contract and
District's Operations Code Section 7,05.030, to furnish a bond for the faithful
performance of said Contract, including a one-year guarantee of the work performed.
NOW THEREFORE, WE, the undersigned CONTRACTOR, as Principal and
Arch Insurance Company, 135 N Los Robles Ave Ste 825 Pasadena, CA 91101
(NAME AND ADDRESS OF SURETY)
duly authorized to transact business under the laws of the State of California, as Surety
are held and firmly bound unto the Costa Mesa Sanitary District, in the penal sum
Of: One Million Seven Hundred Fifteen Thousand Eight Hundred Seventy* Dollars
($ 1,715,875 00 1, said sum being not lass than one hundred (100%) percent of
the contract price for the payment of which sum wets and truly to be made, we bind
ourselves, our heirs, executors, administrators, and successors, jointly and severally
firmly by these presents. *Five and NO/100
THE CONDITION OF THIS OBLIGATION IS SUCH that, if the above burden
Principal, his or Its heirs, executors, administrators, successors or assigns, shall in all
things stand to and abide by and well and truly keep and perform all the undertakings,
terms, covenants, conditions and agreements in the said contract and any alteration
thereof made as therein provided, on his or their part, to be kept and performed, at the
time and in the manner therein specified, and in all respects according to their true
intent and meaning, and shall indemnify and save harmless the Costa Mesa Sanitary
District, Its officers and agents, as therein stipulated, then this obligation shall become
null and void, otherwise it shall be and remain in full force and virtue. This obligation
covers a one-year guarantee on work performed after said work has been completed,
1
The one-year period shall commence on the date the Nottce of Completion has been
recorded.
In case suit is brought upon this bond, Surety further agrees to pay all court costs
and reasonable attorneys'fees as fixed by the court
And the said Surety for value received, hereby stipulates and agrees that no
change, extension of time, alteration or addition to the terms of the Contract or to the
work to be performed thereunder or the specifications accompanying the same shall in
any way affect its obligations on this bond, and It does hereby waive notice of any such
change, extension of time, alteration or addition to the terms of the Contract or to the
work or to the specifications.
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 20 07
PRINCIPAL Vadnais Corporation
CONTRAC
By:
Y•
Company Representative Jeff Anderson, Vice President
In admitted surety insurer and the District reserves the right to object to any such surety by an
accordance with Code of Civil Procedure Section 995.660. ty in
By signing below Surety certifies that the bonds are issued by admitted Surety
gio14.4atiouhr
Ty Ar•h Insurance Company
- 0 y Representative Janina Monroe Attorney-in-Fact
'''PR.VEDAS O FORM.
By •
Alan R. Bums, District Counsel
Costa Mesa Sanitary District
2
CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT
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Dale Name and Tale o1 01114a4(a 9, 'A a Doe,rotary Pud )
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subscribed to the within instrument and 0
acknowledged to me that he/she/they executed r)
"''o, AD�2IENNE C. STRAND the same in his/her/their authorized iy1
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fraudulent removal and reattachment of this form to another document. I
Description of Attached Document
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