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<br /> PAYMENT BOND
<br /> Bond No. 107464480
<br /> BALLARD MARINE CONSTRUCTION, LLC
<br /> The City of Everett has awarded to (Principal),a contract for the construction of the project
<br /> designated as On-Call Commercial Diving Services,Bid No.2021-052,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)and
<br /> (where applicable)60.28 RCW.
<br /> TRAVELERS CASUALTY AND SURETY
<br /> The Principal,and COMPANY OF AMERICA (Surety),a corporation organized under the laws of the State of
<br /> 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 Accounts,U.S.Treasury
<br /> Dept.,are jointly and severally held and firmly bound to the City of Everett in the sum of One Hundred Seven Thousand Three-
<br /> Hundred Seventy five&62/100 US Dollars($ 107,375.62 ),which is the Required Bond
<br /> 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,successors,
<br /> or assigns shall pay all persons in accordance with RCW Titles 39.08 and 39.12 including all workers,laborers,mechanics,
<br /> subcontractors,and material suppliers,and all persons who shall supply such contractor or subcontractor with provisions and
<br /> supplies for the carrying on of such work and shall pay the taxes,increases,and penalties incurred on the project;and if such
<br /> payment 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 Contract,the
<br /> specifications accompanying the Contract,or to the work to be performed under the Contract shall in any way affect its obligation
<br /> on this bond,except as provided herein,and waives notice of any change,extension of time,alteration or addition to the terms of
<br /> the Contract or the work performed.The Surety agrees that modifications and changes to the terms and conditions of the Contract
<br /> that increase the total amount to be paid the Principal shall automatically increase the obligation of the Surety on this bond and
<br /> 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 bond
<br /> will only be accepted if it is accompanied by a fully executed and original power of attorney for the officer executing on behalf of the
<br /> surety, Dated this 1'6 day of Utz ,20 >I .
<br /> PRINCIPAL BALLARD MARINE CONSTRUCTION,LLC SURETY RAVE S CASUALTY
<br /> AND SURE COMPANY OF AMERICA
<br /> Printed Name: Nleln.h i tQAA kp Printed Name: Salena Wood
<br /> Title � �, � �.c„re.lect„b.Li Title: Attorney-In-Fact Ie.�.�
<br /> Name,address,and telephone number of local office/agent of Surety is:
<br /> Aon Risk Services Central,Inc.
<br /> 4220 Duncan Avenue,Suite 401
<br /> St.Louis,MO 63110
<br /> 314-719-3854
<br /> PAYMENT BOND APPROVED BY
<br /> CITY OF EVERETT,WA . TON ATTEST APPROVED AS TO FORM:
<br /> By:
<br /> 411111614iilab
<br /> assie Fra , V ayor Sharon Fuller,City Clerk City Attorney
<br /> Date: 1 1 118' 2_- Date: Date: if—/7 -.?0a/
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