Payment Bond

Whereas, the Community Development Department of the County of Del Norte, State of California, and Click here to enter text. (hereinafter designated as "the principal") have entered into an agreement (a.k.a. Click or tap here to enter text. Permit Click here to enter text.) whereby the principal agrees to install and complete certain designated private and public improvements identified as, improvements in the Click here to enter text. right(s)-of-way required as conditions of Click or tap here to enter text. Permit Click here to enter text. and the associated Encroachment Permit, is hereby referred to and made a part hereof; and

Whereas, Under the terms of the agreement, the principal is required before entering upon the performance of the work, to file a good and sufficient payment bond with the County of Del Norte to secure the claims to which reference is made in California Streets and Highways Code §1467.

Now, therefore, the principal and the undersigned as corporate surety, are held firmly bound unto the County of Del Norte and all contractors, subcontractors, laborers, material suppliers, and other persons employed in the performance of the agreement in the sum of Click here to enter text. dollars ($Click here to enter text.), for materials furnished or labor thereon of any kind, or for amounts due under the Unemployment Insurance Act with respect to this work or labor, that the surety will pay the same in an amount not exceeding the amount hereinabove set forth, and also in case suit is brought upon this bond, will pay, in addition to the face amount thereof, costs and reasonable expenses and fees, including reasonable attorney's fees, incurred by county in successfully enforcing this obligation, to be awarded and fixed by the court, and to be taxed as costs and to be included in the judgment therein rendered.

It is hereby expressly stipulated and agreed that this bond shall inure to the benefit of any and all persons, companies, and corporations entitled to file claims.

Should the condition of this bond be fully performed, then this obligation shall become null and void, otherwise it shall be and remain in full force and effect.

The surety hereby stipulates and agrees that no change, extension of time, alteration, or addition to the terms of the agreement or the specifications accompanying the same shall in any manner affect its obligations on this bond, and it does hereby waive notice of any such change, extension, alteration, or addition.

This bond shall remain in full force and effect until at least one year after the Click or tap here to enter text. permit and associated encroachment permit are signed off as complete in their entirety by the Community Development Department of the County of Del Norte.

In witness whereof, this instrument has been duly executed by the principal and surety above named, on Click here to enter text., 20Click here to enter text..

Principal:

Click here to enter text.

Click here to enter text.	Phone: Click here to enter text.

Click here to enter text.	Email: Click here to enter text.

Click here to enter text., Principal

Correspondence or claims relating to this bond should be sent to the surety at the following address:

Click here to enter text.

Click here to enter text.	Phone: Click here to enter text.

Click here to enter text.	Email: Click here to enter text.

(SEAL)

Click here to enter text., Attorney-in-Fact

NOTE: Signatures of those executing for the surety must be properly acknowledged.