|
I .
<br /> I
<br /> IPAYMENT BOND
<br /> Bond No. 107444721
<br /> IThe City of Everett has awarded to Thomco Construction,Inc. (Principal),a contract for the construction of
<br /> the project designated as Water Main Replacement"V", Project No.UP3730, in Everett,Washington
<br /> (Contract),and said Principal is required under the terms of that Contract to furnish a payment bond in accord
<br /> Iwith Title 39.08 Revised Code of Washington(RCW)and(where applicable)60.28 RCW.
<br /> The Principal,and Travelers Casualty and Surety Company of America (Surety),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 /> I 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 nine hundred twenty four thousand four&76/100 US Dollars
<br /> ($1,924,004.76 )Total Contract Amount,subject to the provisions herein.
<br /> IThis 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
<br /> 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
<br /> 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,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 riot
<br /> required for such increased obligation.
<br /> I 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 b d if it is accompanied by a fully executed and original power of attorney for
<br /> the officer executing on a \\
<br /> I
<br /> PRINCIPAL /� L SURETY
<br /> I Printed Name:
<br /> D )6 . 5 Printed Name: Patti White
<br /> Title: ( /r e--n R Title: Attorney-in-Fact
<br /> IName,address,and telephone number of local office/agent of Surety is:
<br /> HUB International Northwest,LLC
<br /> PO Box 3018,Bothell,WA 98041-3018 i.
<br /> I425-489-4500
<br /> PAYMENT BOND APPROVED BY
<br /> I
<br /> CITY OF EVERE ASHINGTON A T: Jo
<br /> EROVLDF0M
<br /> d C.Mali,City Attorney
<br /> I
<br /> C sie Fra in ayor aron�nutter,CV C David C.Hall,City Attorney Date: Date: �.5 r/I ?i Date: 6'-its J
<br /> I Water Main Replacement"V" Division C—CONTRACT April,2021
<br /> Work Order#UP3730 SP-31
<br />
|