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1 ' <br /> 1 <br /> IPAYMENT BOND <br /> I <br /> Bond No. 023221297 <br /> The City of Everett has awarded to Northwest Construction,Inc. (Principal), a contract for the construction of <br /> I the project designated as Port of Everett Combined Sewer Main Improvements, Project No.#UP3768, in the <br /> City of Everett, Washington (Contract), and said Principal is required under the terms of that Contract to furnish a <br /> payment bond in accord with Title 39.08 Revised Code of Washington (RCW) and (where applicable)60.28 RCW. <br /> I <br /> The Principal, and laws of the State of Liberty Mutual Insurance Company (Surety), a corporation organized under the <br /> and licensed to do Massachusetts business in the State of Washington as surety <br /> and named in the current list of"Surety Companies Acceptable in Federal Bonds" as published in the Federal <br /> IRegister by the Audit Staff Bureau f A nt�j U. Tre (fie t are Qipti nd severally held and firmly bound <br /> to the City of Everett in the sum of ixtyncannd8�5v� undre Fift an�Thousa d t'i undred US Dollars <br /> ($ 4,551,566.85 )Total Contract Amount, subject to the provisions herein. <br /> I 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 <br /> including all workers, laborers, mechanics, subcontractors, and material suppliers, and all persons who shall <br /> supply such contractor or subcontractor with provisions and supplies for the carrying on of such work, and shall <br /> I <br /> pay the taxes, increases, and penalties incurred on the project; and if such payment obligations have not been <br /> fulfilled, this bond shall remain in full force and effect. <br /> I 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, 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 <br /> I and conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase <br /> the obligation of the Surety on this bond and notice to Surety is not required for such increased obligation. <br /> I 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 /> I <br /> PRINCIPAL SURETY <br /> Northwest�nttucji Inc 9urancmPanYI Printed Name: 1re-}t Tev,„ 1tv Pe: Julie M.Glover <br /> Title: GE-0 Title: Attorney-in-Fact <br /> IName, address, and telephone number of local office/agent of Surety is: <br /> HUB International Northwest,LLC <br /> I P.O.Box 3018 <br /> Bothell,WA 98041-3018 <br /> (425)489-4500 <br /> I PAYMENT BOND APPROVED BY <br /> CITY OF EVERETT SHINGTON ATTE T: AP ROVE)AS TO FORM: <br /> I <br /> vim1k A APPROVED A TO,' 1, <br /> By: II :..‘ O=•yid c..Hail,t y Aiorne i <br /> Cas i Fra kli , Ma Staar-eft-FtrHer),hCi Clerk David C. Hall, City Attorney <br /> Date: Date: I • (v`.L2 Date: 1 • 10.21„ <br /> I <br /> rt511t4-( j to Sari <br /> I POE Combined Sewer Main Imp. Division C—CONTRACT October 2021 <br /> Work Order#UP3768 SP -18 <br />