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City of Everett 00 6113 - 3
<br /> 2020 Trickling Filter Media Replacement UP 3742-2
<br /> PAYMENT BOND
<br /> Bond No. 023214594
<br /> The City of Everett has awarded to Stellar J Corporation (Principal), a contract for the construction of
<br /> the project designated as 2020 Trickling Filter Media Replacement Project, UP 3742-2, in Everett, Washington
<br /> (Contract), and said Principal is required under the terms of that Contract to furnish a payment bond in accord
<br /> with Title 39.08 Revised Code of Washington (RCW)and (where applicable)60.28 RCW.
<br /> The Principal, and Liberty Mutual Insurance Company (Surety), a corporation organized under the
<br /> laws of the State of Massachusetts 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
<br /> bound to the City of Everett in the sum of One Million Ninety Three Thousand Fifty Nine Dollars and 00/100US Dollars
<br /> ($ 1,093,059.00 ) 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
<br /> supply such contractor or subcontractor with provisions and supplies for the carrying on of such work and shall
<br /> pay the taxes, increases, and penalties incurred on the project; and if such payment obligations have not been
<br /> 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, 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 /> modifications and changes to the terms and conditions of the Contract that increase the total amount to be paid
<br /> I
<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 /> This bond may be executed in two (2) original counterparts, and shall be signed by the parties' duly authorized
<br /> officers. 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 /> PRINCIPA 14, ,),tall Corporation SURETY Liberty Mutual Insurance Company
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<br /> kiVit 1/V I
<br /> Printed Name: v QF C;ariSe h Printed Name: Deanna M. French
<br /> Title: V t� e`r�S,I otP'11"- Title: Attorney-in-Fact
<br /> Name, address, and telephone number of local office/agent of Surety is:
<br /> Parker, Smith &Feek, Inc.
<br /> 2233 112th Ave. N.E.
<br /> Bellevue,WA 98004
<br /> (425)709-3600
<br /> PAYMENT BOND APPROVED BY
<br /> CITY OF EVE - WASHINGTON ATTEST: APPROVED AS TO FORM:
<br /> By:
<br /> assie Franklin Mayor , i k-ti r, City Clerk David Hall, City Attorney
<br /> Date: Date: 1122-72,C" Date: 7. / ?. 2
<br /> 00 6113 - 3 PERFORMANCE BOND AND PAYMENT BOND
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