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I <br /> City of Everett 00 6113-2 <br /> I <br /> Diversion Dam Road Phase 3 UT 3707& UT 3708 <br /> I Bond No. <br /> NWA2086 PAYMENT BOND <br /> The City of Everett has awarded to Weber Construction,Inc. (Principal), a contract for the construction of <br /> the project designated as Diversion Dam Road Phase 3,Project No.UT 3707 AND UT 3708,in Everett, <br /> I Washington(Contract), and said Principal is required under the terms of that Contract to furnish a payment bond <br /> in accord with Title 39.08 Revised Code of Washington(RCW)and(where applicable)60.28 RCW. <br /> The Principal,and Merchants National Bonding,Inc. (Surety),a corporation organized under the <br /> I laws of the State of Iowa and licensed to do business in the State of Washington as surety <br /> and named in the current list of"Surety Companies Acceptable in Federal Bonds"as published in the Federal <br /> Register by the Audit Staff Bureau of Accounts, U.S.Treasury Dept.,are jointly and severally held and firmly <br /> bound to the City of Everett in the sum of Four Hundred Nineteen Thousand Nine Hundred Fifty Eight and no/100 US Dollars <br /> I ($419.958.00 )Total Contract Amount,subject to the provisions herein. <br /> This statutory payment bond shall become null and void, if and when the Principal, its heirs,executors, <br /> administrators, successors,or assigns shall pay all persons in accordance with RCW Titles 39.08 and 39.12 <br /> I including all workers, laborers,mechanics,subcontractors,and material suppliers,and all persons who shall <br /> supply such contractor or subcontractor with provisions and supplies for the carrying on of such work and shall <br /> pay the taxes,increases,and penalties incurred on the project;and if such payment obligations have not been <br /> fulfilled,this bond shall remain In full force and effect. <br /> IThe Surety for value received agrees that no change, extension of time,alteration or addition to the terms of the <br /> Contract,the specifications accompanying the Contract,or to the work to be performed under the Contract shall in <br /> any way affect its obligation on this bond,except as provided herein,and waives notice of any change,extension <br /> I of time, alteration or addition to the terms of the Contract or the work performed.The Surety agrees that <br /> modifications and changes to the terms and conditions of the Contract that increase the total amount to be paid <br /> the Principal shall automatically increase the obligation of the Surety on this bond and notice to Surety is not <br /> required for such increased obligation. <br /> I <br /> This bond may be executed in two(2)original counterparts,and shall be signed by the parties'duly authorized <br /> officers.This bond will only be accepted if it is accompanied by a fully executed and original power of attorney for <br /> the officer executing on behalf of the surety. <br /> IPRINCIPAL Weber Construction,Inc. SURETY Merchants National Bonding,Inc. <br /> I '€-rinfed Name: "TlioniO5 p tehPr Printe Name: Jim S.Kuich <br /> Title: -1r25(Gt.e/If Title: Attorney-in-fact <br /> IName, address,and telephone number of local office/agent of Surety is: <br /> HUB Northwest I <br /> PO Box 3018,Bothell,WA 98041-3018 <br /> I (425)489-4500 <br /> PAYMENT BOND APPROVED BY <br /> CITY OF EVERETTT ',:.,y•i TON ATTE • APPROVED AS TO FORM: <br /> I <br /> A <br /> By: ._I i/t�.�r. . <br /> Cassie Frank�ayor h.ron F ler,Ci Clerk es,C. Attorney <br /> Date: Date: K 1J1 ! Date: f..) ( , )�l <br /> 1 <br /> END OF SECTION 00 6113 <br /> I00 6113-2 PERFORMANCE BOND AND PAYMENT BOND <br />