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I <br /> PERFORMANCE BOND <br /> IBond No.: 023221297 <br /> I <br /> The City of Everett has awarded to Northwest Construction,Inc. (Principal), a contract for the construction of the <br /> project designated as Port of Everett Combined Sewer Main Improvements, Project No.#UP3768, in the City of <br /> Everett, Washington (Contract), and said Principal is required to furnish a bond for performance of all obligations <br /> under the Contract. <br /> IThe Principal, and Liberty Mutual Insurance Company (Surety), a corporation organized under the laws <br /> of the State of Massachusetts and licensed to do business in the State of Washington as surety and <br /> I named in the current list of"Surety Companies Acceptable in Federal Bonds" as published in the Federal Register by <br /> the Audit Staff Bureatof Ac��. puns, U.S. Tr �jry Deptt. are jQjntly and severally held and firmly bound to the City of <br /> Everett in the sum ofuridre1 �izty1Six an � QQ jay One ousan Five US Dollars ($ 4,551,566.85 ) <br /> Total Contract Amount, subject to the provisions herein. <br /> IThis statutory performance bond shall become null and void, if and when the Principal, its heirs, executors, <br /> administrators, successors, or assigns shall well and faithfully perform all of the Principal's obligations under the <br /> I Contract and fulfill all the terms and conditions of all duly authorized modifications, additions, and changes to said <br /> Contract that may hereafter be made, at the time and in the manner therein specified; and if such performance <br /> obligations have not been 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 /> I to the terms of the Contract or the work performed. The Surety agrees that modifications and changes to the terms <br /> and conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase the <br /> 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 the <br /> officer executing on behalf of the surety. <br /> IPRINCIP SURETY <br /> Northw st s to Liberty M ual Insurance mpa�nyy` <br /> By: / By: L.-- 1/,4,,��/1—t-' <br /> Printed Name: 13«A-+ �erJ t\C Printed Name: Julie M.Glover <br /> Title: C.r o Title: Attorney-in-Fact <br /> ' Name, address, and telephone number of local office/agent of Surety is: <br /> HUB International Northwest,LLC <br /> I P.O.Box3018 <br /> Bothell,WA 98041-3018 <br /> (425)489-4500 <br /> I PERFORMANCE BOND APPROVED <br /> BY ATTEST: APPROVED AS TO FORM: <br /> CITY OF EV , ASHINGTON Jr LI �i, �1 s�ey , <br /> I <br /> I APPROVED AS TO FORM <br /> 1 Gould C.Hall,City Attorney <br /> By: <br /> Cas ie F an din, ayor Ci Clerk David C. Hall, City Attorney <br /> IDate: , ( /ZA_______ Date: t.0-12, Date: i .10.22 <br /> I <br /> POE Combined Sewer Main Imp. Division C -CONTRACT October 2021 <br /> IWork Order#UP3768 SF'-20 <br />