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PREMIUM IS FOR THE CONTRACT TERM AND IS SUBJECT
<br />TO ADJUSTMENT BASED ON FINAL CONTRACT PRICE
<br />Bond No. CAC76101
<br />Premium: $1,852.00
<br />Executed in 3 Originals
<br />PERFORMANCE BOND
<br />KNOW ALL PERSONS BY THESE PRESENTS:
<br />THAT WHEREAS, City of Colton , (hereinafter referred to as "City") has
<br />awarded to Jaguar Enterprises, Inc. (hereinafter referred to as the "Contractor")
<br />an agreement for _ Gonzales Community Center Pool (hereinafter
<br />referred to as the "Project"), ep as enng roject
<br />WHEREAS, the work to be performed by the Contractor is more particularly set forth in the
<br />Contract Documents for the Project dated April 7, 2009 , (hereinafter referred to as
<br />"Contract Documents"), the terms and conditions of which are expressly incorporated herein by
<br />reference; and
<br />WHEREAS, the Contractor is required by said Contract Documents to perform the terms thereof
<br />and to furnish a bond for the faithful performance of said Contract Documents.
<br />NOW, THEREFORE, we, Jaguar Enterprises, Inc. the undersigned Contractor and
<br />Merchants Bonding Company (Mutual) as Surety, a corporation organized and
<br />duly authorized to transact business under the laws of the State of California, are held and firmly
<br />bound unto the City in the sum of Ninety Two Thousand Six Hundred DOLLARS,
<br />($ 92,600.00 ), said sum being not less than one hundred percent (100%) of the total amount
<br />of the Contract, for which amount well and truly to be made, we bind ourselves, our heirs,
<br />executors and administrators, successors and assigns, jointly and severally, firmly by these
<br />presents.
<br />THE CONDITION OF THIS OBLIGATION IS SUCH, that, if the Contractor, his or its heirs,
<br />executors, administrators, successors or assigns, shall in all things stand to and abide by, and
<br />well and truly keep and perform the covenants, conditions and agreements in the Contract
<br />Documents and any alteration thereof made as therein provided, on its part, to be kept and
<br />performed at the time and in the manner therein specified, and in all respects according to their
<br />intent and meaning; and shall faithfiilly fiilfill all obligations including the one-year guarantee of
<br />all materials and workmanship; and shall indemnify and save harmless the City, its officers and
<br />agents, as stipulated in said Contract Documents, then this obligation shall become null and void;
<br />otherwise it shall be and remain in full force and effect.
<br />As apart of the obligation secured hereby and in addition to the face amount specified therefore,
<br />there shall be included costs and reasonable expenses and fees including reasonable attorney's
<br />fees, incurred by City in enforcing such obligation.
<br />As a condition precedent to the satisfactory completion of the Contract Documents, unless
<br />otherwise provided for in the Contract Documents, the above obligation shall hold good for a
<br />period of one (1) year after the acceptance of the work by City, during which time if Contractor
<br />shall fail to make full, complete, and satisfactory repair and replacements and totally protect the
<br />City from loss or damage resulting from or caused by defective materials or faulty workmanship.
<br />The obligations of Surety hereunder shall continue so long as any obligation of Contractor
<br />remains. Nothing herein shall Iimit the City's rights or the Contractor or Surety's obligations
<br />PERFORMANCE BOND
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