Bond - TTS - 2011-05-26 (2) PAYMENT BOND
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Bond No. 0557578
COSTA MESA SANITARY DISTRICT
PAYMENT BOND
(LABOR AND MATERIAL 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 717,9 G a411 ,,has
awarded to
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,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
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 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.
THE CONDITION OF THIS OBLIGATION IS SUCH that, it 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 ocabout 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 otthe Revenue
and Taxation Code,with respect to such work and labor then said Surety will pay for the 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.
*Two Hundred Sixty Seven Thousand Nine Hundred Forty&00/100
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PAYMENT BOND
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Bond No. 0557578
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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
IN WITNESS WHEREOF we have hereunto set our hands and seals this - 27th
day of April 2011
ITS Engineering, Inc.
Contractor Name
4952 Warner Ave. #210
Street Address -
Huntington Beach, CA 92649
City State,Zip Code
PRINCIPAL
By -
Compan presentative
In accordance with the Contract for Rehabilitation of Six Sewers Transferred to CMSD, 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 an admitted surety
International Fidelity Insurance Company
Name
233 Wilshire Blvd.
Street Address
Santa Monica, CA 92649
City State,Zip Code
SURETY
Company Representative Frank Morones, Attorney-in-Fact
APPROVED AS TO FORM:
Cohn R Bums, Associate District Counsel
Costa Mesa"Sanitary District r ,
By/s/ 7e-
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