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PERFORMANCE 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 to furnish a bond for performance of all obligations under the Contract. <br /> The Principal, and TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA <br /> (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 of Everett,in the sum <br /> THREE MILLION THREE HUNDRED SIXTY EIGHT THOUSAND <br /> of THREE HUNDRED EIGHTY SIX91/1D0'S US Dollars ($3,368,386.91*"'' ) Total Contract Amount, <br /> subject to the provisions herein <br /> This statutory performance bond shall become null and void, if and when the Principal, its heirs, executors, <br /> administrators, successors, or assigns shall well and faithfully perform all of the Principal's obligations under the <br /> Contract and fulfill all the terms and conditions of all duly authorized modifications, additions, and changes to said <br /> Contract that may hereafter be made, at the time and in the manner therein specified; arid if such performance <br /> obligations have not been fulfilled,this 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 <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, and waives notice of any change, extension of time,alteration or addition to the <br /> terms of the Contract or the work performed. The Surety agrees that modifications and changes to the terms and <br /> conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase the <br /> obligation of the Surety on 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. <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 SURETY <br /> SHEA S, INC. TRAVELERS CASUALTY AND SURETY COMPANY OF AMERICA <br /> Printed Name: 4d Printed Name: ROBIN BAIRD <br /> Title: Title: ATTORNEY-IN-FACT <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.'a D BY <br /> CITY OF EVE: GTON ATTE :) APPROVED R5 TO FCQ b <br /> Office of the City Attorney <br /> APPROVED AS TO FORM <br /> David C.Hall,City Attorney <br /> assie Franklin,Mayor haron Fuller,City Clerk David C. Hall,City Attorney <br /> Date: 3-9"2-a go Date: -9 2i Date: 3. 8'• 2 v <br /> City of Everett <br /> Water Filtration Plant East Clearwell Roof Replacement DB Project Supplementary Conditions January 29,2020 <br /> Attachment 11.1 Page 22 <br />