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City of Everett 00 6123 - 1 <br /> 2021 Biosolids and Backwash Solids Removal UT 3752-1 / 20 <br /> SECTION 00 6123 - NEW RETAINAGE BOND <br /> BOND NO. <br /> RETAINAGE BOND <br /> KNOW ALL MEN BY THESE PRESENTS, that , a <br /> corporation organized under the laws of the State of , and <br /> registered to do business in the State of Washington as a contractor, as Principal, and <br /> , a corporation organized under the laws of the State of <br /> and registered to transact business in the State of <br /> Washington as Surety, their heirs, executors, administrators, successors and assigns, <br /> are jointly and severally held and bound to the City of Everett, Washington, hereinafter <br /> called "City", and are similarly held and bound unto the beneficiaries of the trust fund <br /> created by RCW Chapter 60.28, in the sum of <br /> Dollars ($ ) plus five (5%) percent of any increases that may occur <br /> under the Contract (as defined below), the payment of which, well and truly to be paid, <br /> we bind ourselves, our heirs, executors and successors, jointly and severally, formally <br /> by these presents. <br /> THE CONDITIONS OF THE ABOVE OBLIGATION ARE THAT: <br /> WHEREAS, on , the Principal executed a contract <br /> (the "Contract") with the City known as: <br /> PROJECT NAME: 2021 Biosolids and Backwash Solids Removal <br /> CONTRACT NUMBER: UT 3752-1 / 20 WHEREAS, said Contract and RCW Chapter <br /> 60.28 require the City to withhold from monies earned by the Principal during the <br /> progress of the construction, hereinafter referred to as "earned retained funds"; <br /> 00 6123 - 1 NEW RETAINAGE BOND <br />