Laserfiche WebLink
PAYMENT BOND <br /> Bond No.0241281 <br /> The City of Everett has awarded to PlayCore Wisconsin,Inc.dba GameTime(Principal),a contract for the construction of the <br /> project designated as 2021 Playground Chips Installation, in Everett,Washington (Contract),and said Principal is required <br /> under the terms of that Contract to furnish a payment bond in accord with Title 39.08 Revised Code of Washington (RCW) <br /> and (where applicable)60.28 RCW. <br /> The Principal,and Berkley Insurance Company(Surety), a corporation organized under the laws of the State of Delaware and <br /> licensed to do business in the State of Washington as surety and named in the current list of"Surety Companies Acceptable <br /> in Federal Bonds"as published in the Federal Register by the Audit Staff Bureau of Accounts, U.S.Treasury Dept., are jointly <br /> and severally held and firmly bound to the City of Everett in the sum of Ninety One Thousand Four Hundred Sixty Eight and <br /> 89/100 US Dollars($91,468.89)Total Contract Amount,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 /> PRI CIPAL: PlayCor,e Wiscon , Inc. dba GameTime SURETY: Berkley Insurance Company <br /> Printed Name: ( C g1r.1 So Printed Name: Ana W. Oliveras <br /> Title: !`' 12--- 1 ( Title: Attorney in Fact <br /> Name,address,and telephone number of local office/agent of Surety is: <br /> Berkley Insurance Company <br /> 475 Steamboat Road <br /> Greenwich, CT 06830 <br /> (203)542-3800 <br /> PAYMENT BOND APPROVED BY <br /> CITY OF EVERETT,WASHINGTON ATTEST: APPROVED AS TO FORM: <br /> Lti`Ice 0:the City rittr,=rney <br /> APPROVED AS 70 FORM <br /> By: <br /> Cassie Fran lin May r Sharon Fuller,Cit rClleerk City Attorney <br /> Date: Date: 1�J/ —/ f Date: <br />