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PERFORMANCE BOND <br /> Bond No.: LSM1035317 <br /> The City of Everett has awarded to Davis Construction,Inc. (Principal),a contract for the construction of the project <br /> designated as Bus Shelter Removal&installation,Project No.2019-134,in Everett,Washington(Contract),and said <br /> Principal is required to furnish a bond for performance of all obligations under the Contract. <br /> The Principal,and RLI Insurance Company (Surety),a corporation organized under the laws of the <br /> State of Illinois and licensed to do business in the State of Washington as surety and named in the <br /> current list of"Surety Companies Acceptable in Federal Bonds"as published in the Federal Register by the Audit Staff <br /> Bureau of Accounts U.S.Treasury Dept.,are jointly and severally held and firmly bound to the City of Everett in the sum of <br /> Twenty Two Thousand Seven Hundred <br /> Ninety Fnur and 4sn00 US Dollars($ 22,794.48 )Total Contract Amount,subject <br /> to the provisions herein. <br /> This statutory performance bond shall become null and void,if and when the Principal,Its heirs,executors,administrators, <br /> successors,or assigns shall well and faithfully perform all of the Principal's obligations under the Contract and fulfill all the <br /> terms and conditions of all duly authorized modifications,additions,and changes to said Contract that may hereafter be <br /> made,at the time and in the manner therein specified;and if such performance obligations have not been fulfilled,this <br /> bond shall remain in full force and effect. <br /> The Surety for value received agrees that no change,extension of time,alteration or addition to the terms of the Contract, • <br /> the specifications accompanying the Contract,or to the work to be performed under the Contract shall In any way affect its <br /> obligation on this bond,and waives notice of any change,extension of time,alteration or addition to the terms of the <br /> Contract or the work performed.The Surety agrees that modifications and changes to the terms and conditions of the <br /> Contract that increase the total amount to be paid the Principal shall automatically increase the obligation of the Surety on <br /> this bond and notice to Surety is not required for such increased obligation. <br /> This bond may be executed in two(2)original counterparts,and shall be signed by the parties'duly authorized officers.This <br /> bond will only be accepted if it is accompanied by a fully executed and original power of attorney for the officer executing <br /> on behalf of the surety. <br /> '%\\,3p..NCEj lf�4 <br /> PRINCIPAL Davis Construction,Inc. SURETY RLI Insurance Company i5� p. ., 0�/f <br /> dir <br /> .414,7 Ca4,4-8.m. <br /> Printe. Name: Jeff Davis Printed Name: Amy Carlson <br /> SEA.� <br /> Title: President Title: Attorney In Fact , /N01 `,���\���`` <br /> /11,l!(il11111 t�" <br /> Name,address,and telephone number of local office/agent of Surety is: <br /> Basin Insurance Associates,Inc. <br /> 16400 Southcenter Pkwy,Ste.406 <br /> Tukwila,WA 98188 <br /> 206-801-3401 <br />