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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 /> PRIN IPAL - BURTON TRUCTION INC. SURETY - Berkley Ins e Company
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<br /> Printed Name: ,n� Printed Name: Shelly Donovan f
<br /> Title: M) Title: Attorney In Fact
<br /> Name,address,and telephone number of local office/agent of Surety is:
<br /> George C.Schroeder,Alliant Insurance Services, Inc.
<br /> 818 W. Riverside Ave.,Ste. 800,Spokane,WA 99201,
<br /> (509)325-3024
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