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I <br /> PERFORMANCE BOND <br /> IBond No.: 107444721 <br /> The City of Everett has awarded to Thomco Construction,Inc. (Principal), a contract for the construction of <br /> I the project designated as Water Main Replacement"V", Project No. UP3730, in Everett,Washington <br /> (Contract),and said Principal is required to furnish a bond for performance of all obligations under the Contract. <br /> The Principal,and Travelers Casualty and Surety Company of America (Surety),a corporation organized under the <br /> I 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 /> 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 ofOne million nine hundred twenty four thousand four&76/100 US Dollars <br /> I ($1,924,004.76 )Total Contract Amount,subject to the provisions herein. <br /> This statutory performance bond shall become null and void,if and when the Principal, its heirs, executors, <br /> administrators,successors,or assigns shall well and faithfully perform all of the Principal's obligations under the <br /> I Contract and fulfill all the terms and conditions of all duly authorized modifications, additions, and changes to said <br /> Contract that may hereafter be made, at the time and in the manner therein specified;and if such performance <br /> obligations have not been fulfilled, 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,and waives notice of any change,extension of time,alteration or addition <br /> to the terms of the Contract or the work performed.The Surety agrees that modifications and changes to the terms <br /> I and conditions of the Contract that Increase the total amount to be paid the Principal shall automatically increase <br /> the 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 <br /> I 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 /> PRINCIPAL f CatSj d)1C• BURET , , <br /> .....// <br /> Printed Name: l' Tit at ] Printed Name: Patti White <br /> ITitle: 1t`Q Title: Attorney-in-Fact <br /> Name, address;and-ieiephone number of local office/agent of Surety is: <br /> I <br /> HUB International Northwest,LLC <br /> PO Box 3018,Bothell,WA 98041-3018 <br /> 425-489-4500 <br /> PERFORMANCE BOND APPROVED 4 <br /> BY A E T. sEg <br /> CITY OF EVE SHINGTON APPROVED AS TO FORM' David C.Hall,City Attorney <br /> By: <br /> I <br /> Ca sic Fra lm, or S aron F her,Cit Cler David C. Hall, City Attorney <br /> Date: p "1 � Date: �j—/ e- Date: b,`O`z <br /> I <br /> Water Main Replacement"V" Division C—CONTRACT April,2021 <br /> IWork Order#UP3730 SP-33 <br />