|
x
<br /> I
<br /> PAYMENT BOND
<br /> IBond No. 107276535
<br /> The City of Everett has awarded to Interwest Construction,Inc. (Principal), a contract for the construction of
<br /> I the project designated as Sewer 0 Utility Upgrades, Project No. UP3691, in Everett, Washington (Contract), and
<br /> 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 /> I
<br /> The Principal, and Travelers Casualty and Surety Company of Ame(•aiarety), 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 /> I Register by the Audit Staff Bureau of Accounts, U.S. Treasury Dept., are jointly and severally held and firmly
<br /> bound to the City of Everett in the sum of ** US Dollars
<br /> ($ 4,234,567.89 )Total Contract Amount, subject to the provisions herein.
<br /> **Four Million Two Hundred Thirty-Four Thousand Five Hundred Sixty-Seven Dollars and 89/100
<br /> I 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
<br /> I supply such contractor or subcontractor with provisions and supplies for the carrying on of such work, and shall
<br /> pay the taxes, fees, and penalties incurred on the project; and if such payment obligations have not been fulfilled,
<br /> this bond shall remain in full force and effect.
<br /> I 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, except as provided herein, and waives notice of any change, extension
<br /> of time, alteration or addition to the terms of the Contract or the work performed. The Surety agrees that
<br /> I
<br /> modifications and changes to the terms and conditions of the Contract that increase the total amount to be paid
<br /> the Principal shall automatically increase the obligation of the Surety on this bond and notice to Surety is not
<br /> required for such increased obligation.
<br /> I
<br /> quo, Q lha�y be executed in two (2) original counterparts, and shall be signed by the parties' duly authorized
<br /> ';��e,'b qr , lqn d will only be accepted if it is accompanied by a fully executed and original power of attorney for
<br /> *f �Ct.�ng on behalf of the surety.
<br /> ' :O RRI0.1 .fntgi-west structio I . SURETY Travelers Casualty and Surety Compan of America
<br /> SEAL
<br /> / //1P1,?,64:._ 6-? ka t--
<br /> -
<br /> ��'41ii'l,Ffntq Eben Twaddle Printed Name: Theresa A_ I,amh
<br /> i�tuli�ll��a����.•`•
<br /> Title: President Title:
<br /> Attorney-in-Fact
<br /> IName, address, and telephone number of local office/agent of Surety is:
<br /> I HUB International NW, LLC
<br /> P. O. Box 3018 Bothell, WA 98011-3018
<br /> (425)489-4500
<br /> I PAYMENT BOND ROVED BY
<br /> CITY OF EVE T, W HIN ATTEST: APPROVED AS TO FORM:
<br /> IBY: -A�i 1:4-ces- n J e 4
<br /> C Frankli ., ayor `,'tJA A ., Cit Clerk David C. Hall, City Attorney
<br /> Date: ��li, Date: 122,1 Zv Date: 7. I ♦ , 24
<br /> Sewer 0 Division C -CONTRACT April, 2020
<br /> IWO No.—UP3691 SP-41
<br />
|