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PAYMENT BOND
<br /> Bond No. S011663
<br /> The City of Everett has awarded to Road Construction Northwest, Inc. (Principal), a contract for the construction of
<br /> the project designated as Watermain Replacement"U", Project No.UP3698, in Everett, Washington (Contract),
<br /> and said Principal is required under the terms of that Contract to furnish a payment bond in accord with Title
<br /> 39.08 Revised Code of Washington (RCW) and (where applicable) 60.28 RCW.
<br /> The Principal, and Employers Mutual Casualty Company (Surety), a corporation organized under the
<br /> 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 One Million Six Hundred Ninety Eight Thousand Six Hundred Thirty Two*US Dollars
<br /> ($ 1,698,632.90 Total Contract Amount, subject to the provisions herein. *and 90/100THS
<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 /> 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, fees, and penalties incurred on the project; and if such payment obligations have not been fulfilled,
<br /> this bond shall remain in full force and effect.
<br /> �ee�
<br /> The Surety for value received agrees that no change, extension of time, alteration or addition to tf2�►WP to'to s,
<br /> Contract, the specifications accompanying the Contract, or to the work to be performed under`t � ini,*
<br /> any way affect its obligation on this bond, except as provided herein, and waives notice of aryt•c ;,, jggSro�11'�'�,
<br /> of time, alteration or addition to the terms of the Contract or the work performed. The Surety.li {s¢e., t" Wl;c•.. N
<br /> modifications and changes to the terms and conditions of the Contract that increase the totaltQunt to be paid
<br /> the Principal shall automatically increase the obligation of the Surety on this bond and notices 3ureS
<br /> required for such increased obligation. . P
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<br /> This bond may be executed in two (2) original counterparts, and shall be signed by the parti ft d4 Nu?ggd''•
<br /> officers. This bond will only be accepted if it is accompanied by a fully executed and original p yf*tittimjc.
<br /> the officer executing on behalf of the surety. December 12,2019 es/t1;,,,,01,:,00C'"
<br /> PRI NCI' •L SURETY
<br /> �20�• Con ruction Northwest, Inc. mployers Mutual Casualty Company
<br /> _ M. Heather L.Allen
<br /> Pn�ed Name: r �R�Y KA�YtR Printed Name:
<br /> T le PReS I DINT T i e Attorney-in-Fact
<br /> Name, address, and telephone number of local office/agent of Surety is:
<br /> Propel Insurance
<br /> PO Box 2940,Tacoma,WA 98401-2940
<br /> (253)759-2200
<br /> PAYMENT BOND APPROVED BY
<br /> CITY OF EVERET , •SHINGTON ATT •T: APPRnVFn AS TO FORM
<br /> Office of the City Attorney
<br /> APPROVED AS TO FORM
<br /> 4_, /j ' David C.Hall,City Attorney
<br /> assip Frp nkli Mayor Sharon Fy1.1 r, Sit Cler/ David C. Hall, City Attorney
<br /> Date: I Z 7i
<br /> J / 7I�j Date: /d—/3 Date: /2 •2,7 /
<br /> Watermain Replacement"U" Division C-CONTRACT October 1,2019
<br /> WO No.-UP3698 SP-35
<br /> Provided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Scal
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