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PAYMENT BOND <br />Bond No. 0238246 <br />The City of Everett has awarded to Burton Construction Inc. (Principal), a contract for the construction of the <br />project designated as Job Order Contracting for General Construction Services, Project No. 2021-022, in Everett, <br />Washington (Contract), and said Principal is required under the terms of that Contract to furnish a payment bond <br />in accord with Title 39.08 Revised Code of Washington (RCW) and (where applicable) 60.28 RCW. <br />The Principal, and Berkley Insurance Company (Surety), a corporation organized under the laws of the State of <br />Delaware and licensed to do business in the State of Washington as surety and named in the current list of "Surety <br />Companies Acceptable in Federal Bonds" as published in the Federal Register by the Audit Staff Bureau of <br />Accounts, U.S. Treasury Dept., are jointly and severally held and firmly bound to the City of Everett in the sum of <br />***Two Million and 00/100 US Dollars*** ($2,000,000.00) 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, <br />administrators, successors, or assigns shall pay all persons in accordance with RCW Titles 39.08 and 39 12 including <br />all workers, laborers, mechanics, subcontractors, and material suppliers, and all persons who shall supply such <br />contractor or subcontractor with provisions and supplies for the carrying on of such work; and if such payment <br />obligations have not been fulfilled, this bond 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 <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 />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 not <br />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 <br />officers. This bond will only be accepted if it is accompanied by a fully executed and original power of attorney for <br />the officer executing on behalf of the surety. <br />PRIM IPAL - BURTON TRUCTION INC. <br />4----e------\9‘? <br />Printed Name: , . <br />Title: \I <br />SURETY - Berkley Ins ra-nce Company <br />r-t-a= —k % 'Zea2 <br />Printed Name: <br />Title: <br />Name, address, and telephone number of local office/agent of Surety is: <br />Shelly Donovan <br />Attorney In Fact <br />George C. Schroeder, Alliant Insurance Services, Inc. <br />818 W. Riverside Ave., Ste. 800, Spokane, WA 99201, <br />(509) 325-3024 <br />`1% I%I(III Ul <br />0• <br />.v <br />=cc• :7E,, 0 <br />• . <br />• • <br />(�4c yq ., •.q t� <br />'/�//•. 0 0 <br />' 1 9 . • ` act \\\ <br />