IO Environmental and Infrastructure Inc Smith Street Cleanup and Fill Project

1 Bond No.: CMGB0005440 I City of Everett 00 43 13- 1 3600 Smith Street Clean Up ISECTION 00 43 13- BID SECURITY FORM IBID SECURITY I Bidder herewith guarantees its bid by depositing one of the following with its bid/proposal in an amount of five percent (5%) or more of the bidder's total bid/proposal: I 0 Certified check 0 Cashier's check I Bid Bond /2/46, , S'rg4hature ` I I BID BOND Bond NoCMGB0005440 I Project: 3600 Smith Street Clean Up I KNOW ALL MEN BY THESE PRESENTS, that IO Environmental And Infrastructure,Inc. [Contractor], a corporation organized under the laws of the State of California , and I registered to do business in the State of Washington as a contractor,as Principal, and Argonaut Insurance Company [Surety], a corporation organized under the laws of the State of Illinois and registered to transact business in the State of Washington, as Surety, their heirs, I executors,administrators, successors and assigns, are jointly and severally held and bound to the City of Everett, Washington, hereinafter called"City", and are similarly held and bound unto the City in the sum of I Five Percent of Their Greatest* and /100's Dollars($5%of G.A.B. ),the payment of which,well and truly to be paid,we bind ourselves, our heirs, executors and successors,jointly and severally, formally by these presents. INOW,THEREFORE,the condition of this obligation is such that the Surety is held and bound to the City to pay and forfeit to the City the amount of this bond as I provided herein, upon the conditions contained herein, unless the conditions for release contained herein are satisfied or expressly waived in a writing signed by the City Attorney. 1 It is expressly understood and agreed that: 00 43 13 - 1 BID SECURITY FORM I 1 Provided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Scal *Amount Bid