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i <br /> BIDDER'S BOND <br /> To Accompany Contract Proposal <br /> KNOW ALL MEN BY THESE PRESENTS <br /> That we, the undersigned as principal and <br /> , as surety, are held and firmly bound unto <br /> the City of Tracy as CITY in the penal sum of TEN PERCENT (10%) of the total amount <br /> of the bid of the principal, for the payment of which, well and truly to be made, we <br /> hereby jointly and severally bind ourselves, successors and assigns <br /> Signed this day of , 20 The <br /> condition of the above obligation is such that whereas the Principal has submitted to <br /> a certain BID, attached hereto and hereby made a <br /> part hereof to enter into a contract in writing, for the <br /> BALL PARK AND PARK & RIDE WELL CONSTRUCTION (PHASE 1) <br /> DRILL, CASE &ANALYZE WELLS - CIP 7542 <br /> NOW, THEREFORE <br /> (a) If said BID shall be rejected, or <br /> (b) If said BID shall be accepted and the Principal shall execute and deliver a contract <br /> in the Form of Contract attached hereto (properly completed in accordance with said <br /> BIDS including all required bonds for faithful performance and labor and material, as <br /> well as all required evidence of insurance) then this obligation shall be void, <br /> otherwise the same shall remain in force and effect <br /> In the event the City brings suit upon this Bond, surety shall pay reasonable attorney's <br /> fees and costs incurred by the City in such suit <br /> The Surety, for value received, stipulates and agrees that the obligations of said Surety <br /> and its BOND shall be in no way impaired or affected by any extension of the time within <br /> which the City of Tracy may accept such BID, and said Surety does hereby waive notice <br /> of any such extension <br /> I� <br /> IN WITNESS WHEREOF, the Principal and the Surety have hereunto set their <br /> hands and seals, and such of them as are corporations have caused their corporate <br /> seals to be hereto affixed and these presents to be signed by their proper officers, this <br /> day and year first set forth <br /> (L S ) <br /> (Principal) (Surety) <br /> BY <br /> . IMPORTANT Surety companies executing BONDS must be authorized to transact <br /> Surety insurance in the State of California <br /> 1 August 2001 Division IV-20 Ball Park& Park & Ride Wells Ph 1 <br />