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CONTRACT BOND - MAINTENANCE <br /> CITY OF TRACY <br /> Tracy, California 96376 Bond Number <br /> Whereas, the City Council of the City of Tracy, State of California, and <br /> (hereinafter designated as "Principal") have entered into an agreement whereby <br /> principal agrees to install and complete certain designated public improvements, which <br /> said Agreement, dated 20 , and identified as BALI. <br /> PARK AND PARK & RIDE WELL CONSTRUCTION (PHASE 1) DRILL, CASE & <br /> ANALYZE WELLS - CIP 7542 is hereby referred to and made a part hereof, and <br /> Whereas, the Principal is required under the terms of said agreement to furnish a <br /> good and sufficient maintenance bond for the faithful performance of said agreement <br /> pursuant to Government Code Sections 66499 1 , 66499 4 and 66499 9 and Tracy <br /> Municipal Code Section 12 36 080, and <br /> Whereas, Principal has constructed various public improvements <br /> in accordance with the General Conditions, the Drawings and Specifications, which <br /> Plans are by reference incorporated herein, and made a part hereof, and is referred to <br /> as the Plans <br /> NOW, THEREFORE, the condition of this obligation is such that, if Principal shall <br /> remedy any defects due to faulty materials or workmanship, and pay for any damage to <br /> other work resulting there from, which shall appear within a period of year(s) <br /> from the date of substantial completion of the work provided for in the Plans, namely, <br /> until then this obligation to be void, otherwise to remain in full force <br /> and effect <br /> IN WITNESS WHEREOF, the Principal has duly executed this instrument and <br /> Surety above named, on , 20 <br /> Principal Bonding Company <br /> ' August 2001 Division IV-28 Ball Park& Park & Ride Wells Ph 1 <br />