757, Major Modification to a previo, Miscellaneous, Other ,
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r City of Rolling Hills
By
FAITHFUL PERFORMANCE BOND
(Subdivision Improvements)
Bond No. : 4399918
Premium: $1,482.00/2 yr.
WHEREAS, Shahram and Jilla Fozoonmehr(herein designated as"principal"),and City of Rolling
Hills(herein designated as"obligee")have entered into an agreement whereby principal agrees to install and
complete certain designated Subdivision Improvements,which said agreement, dated , , and
identified as project 3 Appaloosa Lane-Water Main,On Site Water Hydrant and Hydrant Connections(Zoning
Case No. 757), is hereby referred to and made a part hereof;and,
WHEREAS, said principal is required under the terms of said agreement to furnish a bond for the
faithful performance of said agreement.
NOW,THEREFORE,we,the principal and SureTec Insurance Company, as surety,are held and
firmly bound unto the Obligee in the penal sum of Fifty Nine Thousand Two Hundred Eighty dollars($ •
59,280.00) lawful money of the United States, for the payment of which sum well 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 bounded principal, his or it's heirs,executors,
. administrators,successors or assigns, shall in all things stand to and abide by, and well and truly keep and
perform the covenants,conditions 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
Obligee, its officers,agents and employees, as therein stipulated,then this obligation shall become null and
void; otherwise it shall be and remain in full force and effect.This bond will remain in effect until the Principal
has performed all obligations required by Obligee in connection with said improvements.
As part of the obligation secured hereby and in addition to the face amount specified therefor,there shall
be included costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by Obligee in
successfully enforcing such obligation,all to be taxed as costs and included in any judgment rendered.
The surety hereby stipulates and agrees that no change, extension of time,alteration or addition to the
terms of the agreement or to the work to be performed thereunder or the specifications accompanying the same
shall in anywise 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 agreement or to the work or to the specifications,
however,the Surety shall not be liable for a greater sum than the amount specified in the bond..
3033 Fifth Avenue • Suite 300 • San Diego, CA 92103
619-400-4100 • Toll Free 800-288-0351 • Fax 619-400-4101
• •
In witness whereof,this instrument has been duly executed by the principal and surety above named, on January
27, 2015.
Principal
Address of Principal:
28701 Highridge Road Shahram and Jilla F oo ehr
Rolling Hills Estates, CA 90274 /
By: 1, -1
Address of Surety: Surety
3033 5t"Ave.,Suite 300 SureTec Insurance Company
San Diego,CA 92103
619-400-4100 By:
David Noddle,Attorney-In-Fact
Acknowledgment by attorney-in-fact must be attached.
3033 Fifth Avenue ■ Suite 300 • San Diego, CA 92103
619-400-4100 • Toll Free 800-288-0351 • Fax 619-400-4101