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PERFORMANCE BOND
<br /> to City of Everett,WA
<br /> Bond No. Travelers: 107239423,Federal: 82589574,CNA: 30077919
<br /> The City of Everett, Washington, has awarded to Granite Construction Company (Principal), a contract for the
<br /> construction of the project designated as 2020 Pavement Maintenance Overlay, Project No.W.O 3727, in Everett,
<br /> Washington (Contract), and said Principal is required to furnish a bond for performance of all obligations under the
<br /> Contract.
<br /> The Principal, and Travelers Casualty and Surety Company of America* (Surety), a corporation organized under the
<br /> laws of the State of Connecticut** 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 bound
<br /> to the City of Everett, in the sum of Three Million Five Hundred Sixty Thousand Two Hundred Forty Nine and 50/100 Dollars
<br /> US Dollars ($3,560,249.50 )Total Contract Amount, 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; and 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
<br /> any way affect its obligation on this bond, and waives notice of any change, extension of time, alteration or addition
<br /> `*�votort(w erms of the Contract or the work performed. The Surety agrees that modifications and changes to the terms
<br /> ., '1,�C tions of the Contract that increase the total amount to be paid the Principal shall automatically increase
<br /> ``e tfi' 't#pn of the Surety on this bond and notice to Surety is not required for such increased obligation.
<br /> ei ",p znay be executed in two (2) original counterparts, and shall be signed by the parties' duly authorized
<br /> ,o_
<br /> Eiikt k 4 �is bond will only be accepted if it is accompanied by a fully executed and original power of attorney for
<br /> ,�', . 4`_ - executing on behalf of the surety.
<br /> ,`I,', l Granite Construction Company SURETY Travelers Casualty and Surety Company of America*.
<br /> PRINCIP
<br /> 04/24/2020 �,� ( 04/24/2020
<br /> Principal Signature Date reFy Signature Date_
<br /> Kenneth B.Olson
<br /> �ssica Rosser
<br /> Printed Name Printed Name
<br /> Vice President Attorney-In-Fact
<br /> Title Title *Federal Insurance Company
<br /> The Continental Insurance Company
<br /> Name, address, and telephone of local office/agent of Surety Company is: Jointly and Severally Liable
<br /> **Indiana,Pennsylvania,respectively
<br /> Alliant Insurance Services,Inc.
<br /> 100 Pine Street, 1 lth Floor 1
<br /> San Francisco,CA 94111 -(415)403-1427 !
<br /> Approved
<br /> H—A11.6-vL._ 3._ h7 /it ,
<br /> n Title Date
<br /> DOT Form 272-002A EF AT Te
<br /> 08/2012
<br /> 2020 PAVEMENT MAINTENANCE OVERLAY City CI9 E 5 OF 6 CONTRACT
<br /> WORK ORDER 3727 February 20,2020
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