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PAYMENT BOND <br /> Bond No. 2309389 <br /> The City of Everett has awarded to R.L.Alia Company (Principal),a contract for the construction of the project <br /> designated as Sidewalk Improvement Project 16th St.&Chestnut St., Project No.2020-080,in Everett,Washington <br /> (Contract),and said Principal is required under the terms of that Contract to furnish a payment bond in accord with Title <br /> 39.08 Revised Code of Washington (RCW)and (where applicable)60.28 RCW. <br /> The Principal,and North American Specialty Insurance Company (Surety),a corporation organized under the laws of the <br /> State of New Hampshire 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 of <br /> One Hundred Thirty Six Thousand Dollars&00/100 US Dollars($136,000.00 )Total Contract Amount, <br /> subject to the provisions herein. <br /> This statutory payment bond shall become null and void, if and when the Principal, its heirs,executors,administrators, <br /> successors,or assigns shall pay all persons in accordance with RCW Titles 39.08 and 39.12 including all workers, laborers, <br /> mechanics,subcontractors,and material suppliers,and all persons who shall supply such contractor or subcontractor with <br /> provisions and supplies for the carrying on of such work;and if such payment obligations have not been fulfilled,this bond <br /> 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 Contract, <br /> the specifications accompanying the Contract,or to the work to be performed under the Contract shall in any way affect its <br /> obligation on this bond, except as provided herein,and waives notice of any change,extension of time,alteration or <br /> addition to the terms of the Contract or the work performed.The Surety agrees that modifications and changes to the <br /> terms and 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.This <br /> bond will only be accepted if it is accompanied by a fully executed and original power of attorney for the officer executing <br /> on behalf of the surety. <br /> PRINCIPAL R.L. •lia Company SURETY North American Specialty Insurance Company <br /> //l/1 <br /> Printed Name: Via AL/A Printed Name: Deanna M. French <br /> Title: e egl1 rsi i 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 EVERETT,WASHINGTON A ST: APPROVED AS.TG FORM: <br /> Oifir <br /> I f gall City <br /> By: a <br /> Cassie Franklin, Mayor Sharon Fuller,City erk �n City Attorney® <br /> Date: ��?V Date: t't-3d ` v Date: it? Awl.• <br />