Loading...
Bond - Nikola - 2007-02-07 AgVI 5/23/2006 EXECUTED IN TRIPLICATE $3031.00 PREMIUM IS FOR CONTRACT TERM AND FAITHFUL PERFORMANCE BOND IS SUBJECT TO ADJUSTMENT BASED ON FINAL BOND NO CAC 60909 CONTRACT PRICE COSTA MESA SANITARY DISTRICT FAITHFUL PERFORMANCE BOND (District Contract) KNOW ALL MEN BY THESE PRESENTS: THAT WHEREAS, COSTA MESA SANITARY DISTRICT a California sanitary district, by minute order of the Board of Directors, adopted on Feb. 7, 2007 has awarded to Nikola Corporation NAME OF CONTRACTOR 18012 Cowan, Suite 290 Irvine, CA 92614 ADDRESS OF CONTRACTOR hereinafter designated as the 'Principal" a Contract for the work described as follows: Project #181 — Newport Blvd. Sewer at 19th St. & Placentia Ave. Sewer at 18th Street JOB NAME AND JOB ADDRESS WHEREAS, the said Principal is required under the terms of said Contract and Districts Operations Code Section 7.05.030, to furnish a bond for the faithful performance of said Contract, including a one-year guarantee of the work performed. NOW THEREFORE, WE, the undersigned CONTRACTOR, as Principal and Merchants Bonding Company (Mutual 2100 Fleur Dr , Des Moines, Iowa 50321 (NAME AND ADDRESS OF SURETY) duly authorized to transact business under the laws of the State of California, as Surety are held and firmly bound unto the Costa Mesa Sanitary District, in the penal sum of: TWO HUNDRED TEN THOUSAND FOUR HUNDRED EIGHTY FIVE AND NO/100*********'I0ollars ($ 210,485.00*********), 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 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 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 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 27th day of February 20 07 Nikola Corporation PRINCIPAL/CONTRACTOR - - J By r / / Co .'' gtrr' - '•e 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 Merchants Bonding Company (Mutual) SURETY ' l By- ��rLt -J iOi �'^ Company Representative Matt/hew Robert Dobyns Attorney in Fact APPROVED 0 FORM: trBy/s/ at/24c,, Alan R. Burns, District Counsel Costa Mesa Sanitary District 2 CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT Y)cnc'('.c',%C`r'.c'cs..t.,— .c-e-ce.c<`.cr..4-c rr.4 u(`.c(`.er-e2cr..cecncrcx`.ca crenrr.M-t:r-c.`-cr. ,cx, r-ecc.crc.:.^ `.- ro: State of California l County of Orange --7 } ss. On a-al v , before me, J Mary Martignoni – Notary Public Dale Name nd Title of Otbeer(a 9 Ja Doe,Notary Public") personally appeared Matthew Robert Dobyns Na e(s)of Sig. r(s) , $$personally known to me ❑ proved to me on the basis of satisfactory evidence '%_?:, person(s) name(s)���M�(�I�Pd) to be the erson s whose names is/are subscribed ¢"¢ ,t, .74,:.r., COMM.#1438392 ie to the within instrument and acknowledged to me that > 1 gWJrr+ NOTARY PUBUC-CAUFORNN 0 he/she/they executed the same in his/her/their ` � �� authorized ca aci les and that by his/her/their a. 9,NOT T P tY( ) Y c,!,2„:�' signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Place Notary Seal Above _- Iry of No ary PUW¢ OPTIONAL 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 Description of Attached Document Title or Type of Document: Document Date: Number of Pages: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: Matthew Robert Dobyns Signer's Name: ❑ Individual ❑ Individual ❑ Corporate Officer—Title(s): ❑ Corporate Officer—Tiitle(s): ❑ Partner—❑ Limited ❑ General RIGHTTHUMBPRU4T ❑ Partner—❑ Limited ❑ General , „L ;�.fl, CX Attorney in Fact OF SIGNER . 4�� dt�.� lop of ItI lb he ❑ Attorney in Fact El ❑ Trustee lop or Ilw to lei ❑ Guardian or Conservator ❑ Guardian or Conservator ❑ Other ❑ Other Signer Is Representing: Signer Is Representing: Merchants Bonding Company (Mutual) `e>ce,:evoirtre. cc..r_c. e4.tJoc>`ecce.t.ceL'�L>ec>ec, oc..Cce.c. cCtx'4... ct`<.ccevc, icttc>s cVececo; 02004 National No ary Assoaauon 9350 De Soto Ay PD.Box 2402-Chatsworth,CA 913132402 Item No 5907 Reorde Call Toll-Fr -800876.6827