|
PAYMENT BOND
<br /> Bond No, 107168384
<br /> The City of Everett has awarded to SHEARER&ASSOCIATES,INC. _ (Principal), a contract for the construction of the
<br /> project designated as WFP East Clearwell Roof Replacement, Project No.UP3662, in Monroe, Washington (Contract),
<br /> and said Principal is required under the terms of that Contract to furnish a payment bond in accord with Title 39.08
<br /> Revised Code of Washington (RCW)and (where applicable)60.28 RCW.
<br /> The Principal, and TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA (Surety), a corporation organized under the laws of the
<br /> State of CONNECTICUT 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 Everett,in the sum of
<br /> THREE MILLION THREE SIX
<br /> THREE HUNDRED EIGHTY SIXX9EXB 00TY EIGHT THOUSAND US Dollars ($ 3,368,386.91"*'' ) Total Contract
<br /> Amount,subject to the provisions herein.
<br /> This statutory payment bond shall become null and void, if and when the Principal, its heirs, executors,administrators,
<br /> successors, or assigns shall pay all persons in accordance with RCW Titles 39.08 and 39.12 including all workers,
<br /> laborers, mechanics, subcontractors, and material suppliers, and all persons who shall supply such contractor or
<br /> subcontractor with provisions and supplies for the carrying on of such work, and shall pay the taxes,fees,and penalties
<br /> incurred on the project; and if such payment obligations have not been fulfilled,this bond shall remain in full force and
<br /> effect.
<br /> The 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 any
<br /> way affect its obligation on this bond, except as provided herein, and waives notice of any change, extension of time,
<br /> alteration or addition to the terms of the Contract or the work performed. The Surety agrees that modifications and
<br /> changes to the terms and conditions of the Contract that increase the total amount to be paid the Principal shall
<br /> automatically increase the obligation of the Surety on this bond and notice to Surety is not required for such increased
<br /> obligation.
<br /> This bond may be executed in two(2)original counterparts,and shall be signed by the parties' duly authorized officers.
<br /> This bond will only be accepted if it is accompanied by a fully executed and original power of attorney for the officer
<br /> executing on behalf of the surety.
<br /> PRINCIPAL di SURETY
<br /> SHEA S, INC. TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA
<br /> Printed Name: � � ..-_._.__............... Printed Name: ROBIN BAIRD
<br /> Title: ' ____......_._ Title: ATTORNEY-IN-FACT
<br /> __...�% f�/���i��
<br /> Name, address,and telephone number of local office/agent of Surety is:
<br /> KPD INSURANCE INC, 1111 GATEWAY LOOP, SPRINGFIELD, OR 97477
<br /> 541-741-0550
<br /> PAYMENT BOND APP-• ED BY
<br /> CITY OF EVERE r AS- GTON r APPROVED AS TO FORM:
<br /> Office of the City Attorney
<br /> APPROVED AS TO FORM
<br /> By: jeVHdII,CAtIorney
<br /> CassieFFran n,Mayor SharonFuller City Clerk Day G. Wail, C yy �nP
<br /> Date: _6/ - Date: �l- 1 c20a-0 Date: 3• r ZO
<br /> City of Everett
<br /> Water Filtration Plant East Clearwell Roof Replacement DB Project Supplementary Conditions January 29.2020
<br /> Attachment 11.1 Page 21
<br />
|