Bond - TTS - 2011-05-26 FAITHFUL PERFORMANCE,BOND
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Bond No. 0557578
COSTA MESA SANITARY DISTRICT
FAITHFUL PERFORMANCE BOND
KNOW ALL MEN BY THESE PRESENTS-
THAT WHEREAS, the COSTA MESA SANITARY DISTRICT a municipal corporation and
sanitary district, by minute order of the Board of Directors, adopted on '2117 ,Z`r .261! , has
awarded to U
CONTRACTOR
(NAME AND ADDRESS OF CONTRACTOR)
hereinafter designated as the 'Principal' Contract No. CON-PROJECT 189 for the work described
as follows: Rehabilitation of-Six Sewers Transferred to CMSD. Said Contract and all of its
obligations, covenants, terms and conditions are fully incorporated herein by reference.
WHEREAS,the said Principal is required under the terms of said Contract 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
International Fidelity Insurance Company 233 Wilshire Blvd. Santa Monica, CA 90401
(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: Dollars
($267,940.00 ), said sum being not less than one hundred(100%)percent of the Contract price for
the.payment of which sum well and truly to be made, we bind ourselves, our heirs, executors,
administrators, and successors,jointly and severally firmly by these presents.
THE CONDITION OF THIS OBLIGATION IS SUCH that, if the above burdened 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 offices 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. The one year period shall
commence on the date the Notice 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 fined by the court.
*Two Hundred Sixty Seven Thousand Nine Hundred Forty&00/100
FAITHFUL PERFORMANCE BOND
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Bond No. 0557578
And the said Surety, tor value received, hereby stipulates and agrees that no change,
extension of time,alteration or addition to the terms of the Contract Documents or to the work to be
performed thereunder shall in any way affect its obligations on this bond,and it does hereby waive
notice of any such change, extension of t ere alteration or addition to the terms of the Contract
Documents or to the work.
IN WITNESC WHEREOF we have hereunto set our hands and seals this 27th
day of_April ,2011 — -- --
TTS Engineering,Inc.
Contractor Name
4952 Warner Ave.#210 _
Street Address
Huntington Beach,CA 92649
City,State,Zip Code
PRINCIPAL
By
pany Representative
In accordance with the Contract ter Rehabilitation of Sox Sewera Transferred to GMSD. all
bonds shall be issues] by an admitted surety insurer and the District reserves the i ight to object to
any such surety in accordance with Code at Livil Procedure Section 995.660.
By signing below Surety certifies that the bonds arc issued by an admitted surety
International Fidelity Insurance Company
Name
233 Wilshire Blvd. _
Street Address
Santa Monica,CA 90401
City,Stela,Zip Coda
SURETY\C`.
B ,/ ,�„
By �CU//
Company Representative Frank Morones,Attorney-in-Fact
APPROVED AS TO FORM:
Cohn R. Bums, Associate District Counsel
Costa Mesa Sanitary L"istncctt
I