CalCruz Express Faithful Performance Bond GP16-046PEa-+l FAITHFUL PERFORMANCE BONO
FOR GRADING PROJECTS AND / OR EROSION CONTROL
OR LANDSCAPE IMPROVEMENTS
CITY OF MENIFEE, STATE OF CALIFORNIA
(Government Code Section 66499.1)
FOR GRADING:
Precise Grading
Erosion Control
WOMP
Tota I
$
$
$
$
265 000.00 Tract
Other Project No.GP16-046P
Bond No
Prem ium
Cal Cruz Express
.,F 00 0
99 500.00
?oo 500.00
Surety Principal
AddressAddress
Zip code
Phone
34193 melina St
City/State City/State Lake Elsinore, CA
zip 92532Phone (541) 501-8141
Cal Cruz Express
(hereinafter designated as "principal") have entered into, or are about to enter into, the attached
agreement(s) whereby principal agrees to install and complete the above designated grading project,
related to GP'|6-046P , which agreement(s) is/are hereby refened to and made a part hereof; and,
WHEREAS, said principal is requrred under the terms of said agreement(s) to furnish bond(s) for the
faithful performance of said agreement(s);
NOW, THEREFORE, we the principal and , as
surety, are held and firmly bound unto the City of Menifee in the penal sum of Three Hundred Ninety
Nine Thousand Five Hundred and no/l00, Dollars ($ 399.500.00 ) IaMul money of the United
States, for the payment of which sum will and truly be made, we bind ourselves, our heirs, successors,
executors and administrators, jointly and severally, firmly by these presents.
The condition of this obligation is such that if the above bonded 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 the covenants, condilions and provisions in the said agreement 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 City of Menifee, its officers, agents and employees, as therein stipulated, then
this obligation shall become null and void; otherwise, it shall remain in full force and effect.
As a part of the obligation secured hereby and in addition to the face amount specified therefore, there
shall be included costs and reasonable expenses and fees, including reasonable attorney's fees,
incurred by the City in successfully enforcing such obligation, all to be taxed as costs and included in
any.judgment rendered.
9/8/15
WHEREAS, the City of lvlenifee, State of California, and
FAITHFUL PERFORMANCE BOND
FOR GRADING PROJECTS AND OR/EROSION CONTROL
OR LANDSCAPE IMPROVEMENTS
The surety hereby stipulates and agrees that no change, extension of time, alteration or
addition to the terms of this agreement or to the work to be performed there under or the
specifications accompanying the same shall in anywise affect its obligation on this bond, and
it does hereby waive notice of any such change, extension of time, alteration or addition.
Surety further stipulates and agrees that the provisions of Section 2845 of the Civil Code and
commencement of construction are not conditions precedent to surety's obligations hereunder
and are hereby waived by surety.
When the work covered by the agreement is complete, the City of Menifee will accept the
work and thereupon, the amount of the obligation of this bond is reduced by 90% with the
remaining 10% held as security Until the California Regional Water Quality Control Board
issues a Notice of Termination.
lN WITNESS WHEREOF, this instrument has been duly executed by the principal and surety
above named, on ,
AUTHORIZED SIGNATURE(S):
By:
Name:
Title:
(lF coRPoRATtON, AFFIX SEAL)
AUTHORIZED SIGNATURE:
Its Attorney-in-Fact Title
(IF CORPORATION, AFFIX SEAL)
ATTACH NOTARIAL AC KNOWLEDGM ENT OF SIG NATU RES OF PRINCIPAL AN D
ATTORNEY-IN.FACT.
9/8/15
NAME OF PRINCIPAL:
NAME OF SURETY: