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PERFORMANCE 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 to <br /> furnish a bond for performance of all obligations under the Contract. <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 performance bond shall become null and void, if and when the Principal, its heirs,executors, administrators, <br /> successors,or assigns shall well and faithfully perform all of the Principal's obligations under the Contract and fulfill all the <br /> terms and conditions of all duly authorized modifications,additions,and changes to said Contract that may hereafter be <br /> made,at the time and in the manner therein specified; and if such performance 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,and waives notice of any change,extension of time,alteration or addition to the terms of the <br /> Contract or the work performed.The Surety agrees that modifications and changes to the terms and conditions of the <br /> Contract that increase the total amount to be paid the Principal shall automatically increase the obligation of the Surety on <br /> 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 /> PRINCIPAL: PlayCore Wisconsin c. dba GameTime SURETY: Berkley Insurance Company <br /> Printed Name: t C 6 1" NIC-t) Printed Name: Ana W. Oliveras <br /> Title: Co 1)l -�-1 Y�--� Title: Attorney in Fact ate^ <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 /> PERFORMANCE BOND APPROVED BY <br /> CITY OF EVERETT,WASHINGTON ATTEST: APPROVED AS TO FORM: <br /> t(ii <br /> Cassie Franklin, r Sharon Fuller, Cit Clerk City Attorney_ <br /> Date: �'(j j Date: 3 9-1 Date: • /V s•2 <br />