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OR/GINAPAYMENT BOND ` <br /> Bond No. 0238565 <br /> The City of Everett has awarded to PlayCore Wisconsin,Inc.dba GameTime (Principal),a contract for the construction of the project <br /> designated as Emma Yule Park, in Everett,Washington(Contract),and said Principal is required under the terms of that <br /> Contract to furnish a payment bond in accord with Title 39.08 Revised Code of Washington(RCW)and(where applicable) <br /> 60.28 RCW. <br /> The Principal,and Berkley Insurance Company (Surety),a corporation organized under the laws of the <br /> State of Delaware 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 Bureau <br /> of Accounts,U.S.Treasury Dept.,are jointly and severally held and firmly bound to the City of Everett in the sum of <br /> Six Hundred Thousand Seven Hundred Forty Eight and 05/100 US Dollars($600,748.05 )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 addition <br /> to the terms of the Contract or the work performed.The Surety agrees that modifications and changes to the terms and <br /> conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase the obligation <br /> 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 on <br /> behalf of the surety. <br /> PRINCIPA : PlayCore Wiscon in, Inc. dba GameTime SURETY: Berkley Insurance Company <br /> ele4jdZilt Ge� <br /> Printed Name: h111. n Printed Name: Elizabeth A. Hartzberq <br /> Title: VV. C Title:Attorney in Fact <br /> Name,address,and telephone number of local office/agent of Surety is: <br /> Marsh USA, Inc. <br /> 1801 West End Avenue, Suite 1400 <br /> Nashville, TN 37203 <br /> 615-340-2515 <br /> PAYMENT BOND APPROVED BY <br /> CITY OF EVERETT,WASHINGTON ATTEST: APPROVED AS TO FORM: <br /> Office of the City Attorney <br /> APPROVED AS TO FORM <br /> David C.Hall,City Attorney <br /> By: <br /> Cas ranklin,Mayor l y ;City Clerk City Attorney <br /> Date: I Date: 4J/1 J2-I Date: .•PIO:, / <br />