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<br /> PUBLIC WORKS PAYMENT 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.PW3727, in Everett,
<br /> Washington (Contract), and said Principal is required under the terms of that Contract to furnish a payment bond in
<br /> accord with Title 39.08 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
<br /> laws of the State of Connection** 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 Millioti Five Hundred Sixty Thnusand Twn Hundred Fnrty Nine and Sp/1 nn Dollars
<br /> US Dollars($3.560,249.50 )Total Contract Amount, subject to the provisions herein.
<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 supply
<br /> such contractor or subcontractor with provisions and supplies for the carrying on of such work and shall pay the
<br /> taxes, increases, and penalties incurred on the project; and if such payment 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
<br /> Contract, the specifications accompanying the Contract, or to the work to be performed under the Contract shall in
<br /> oaciimay affect its obligation on this bond, except as provided herein, and waives notice of any change, extension of
<br /> 44` 01i~ie ,ration or addition to the terms of the Contract or the work performed.The Surety agrees that modifications
<br /> .tea a s to the terms and conditions of the Contract that increase the total amount to be paid the Principal shall
<br /> `' of ly increase the obligation of the Surety on this bond and notice to Surety is not required for such
<br /> Obligation.
<br /> may be executed in two (2) original counterparts, and shall be signed by the parties' duly authorized
<br /> ofRoeA. This bond will only be accepted if it is accompanied by a fully executed and original power of attorney for
<br /> the officer executing on behalf of the surety.
<br /> Granite Construction Company Travelers Casualty and Surety Company of America*
<br /> PRINC L SURETY
<br /> 04/24/2020 " 20
<br /> Principal Signature Date ret Signature Date
<br /> Kenneth B.Olson sica 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 I.iahie
<br /> Alliant Insurance Services,Inc. **Indiana,Pennsylvania,respectively
<br /> 100 Pine Street, 11th Floor
<br /> San Francisco,CA 94111 -(415)403-1427
<br /> Approved
<br /> Title Date
<br /> EST- to,
<br /> 2020 PAVEMENT MAINTENANCE OVERLAY , P. 6 CONTRACT
<br /> WORK ORDER 3727 — '44a.4 February 20,2020
<br /> City Clerk
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