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1 <br /> ICity of Everett 00 6123 - 1 <br /> 2021 Trickling Filter Media Replacement UP 3742-3 <br /> SECTION 00 6123 - NEW RETAINAGE BOND <br /> BOND NO. 107432078 <br /> RETAINAGE BOND <br /> 1 <br /> KNOW ALL MEN BY THESE PRESENTS, that McClure and Sons,Inc. , a <br /> corporation organized under the laws of the State of Washington , and <br /> I registered to do business in the State of Washington as a contractor, as Principal, and <br /> Travelers Casualty and Surety Companyof America, a corporation organized under the laws of the State of <br /> ' 1 <br /> Connecticut 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 /> Fifty-Five Thousand Two Hundred Twenty Two and 70/100 Dollars ($ 55,222.70 ) plus five (5°/'0) <br /> percent of any increases that may occur under the Contract(as defined below), the <br /> payment of which, well and truly to be paid, we bind ourselves, our heirs, executors and <br /> successors,jointly and severally, formally by these presents. <br /> THE CONDITIONS OF THE ABOVE OBLIGATION ARE THAT: <br /> WHEREAS, on McClure and Sons,Inc. , the Principal executed a contract <br /> ' "Contract")with the Cityknown as: <br /> (the ontr ) <br /> PROJECT NAME: 2021 Trickling Filter Media Replacement <br /> CONTRACT NUMBER: UP 3742-3 <br /> WHEREAS, said Contract and RCW Chapter 60.28 require the City to withhold from <br /> monies earned by the Principal during the progress of the construction, hereinafter <br /> referred to as "earned retained funds"; <br /> l <br /> 00 6123 - 1 NEW RETAINAGE BOND <br /> 1 <br /> i Provided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Scal <br />