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City of Everett 00 6113 - 2 <br /> Rotary Park Renovation <br /> PAYMENT BOND <br /> Bond No. 023220400 <br /> Specialty Equipment LLC dba <br /> The City of Everett has awarded to Neptune General Contractors(Principal), a contract for the construction of <br /> the project designated as ROTARY PARK RENOVATION, Project No. 2021-072, in Everett, Washington <br /> (Contract), and said Principal is required under the terms of that Contract to furnish a payment bond in accord <br /> with Title 39.08 Revised Code of Washington (RCW) and (where applicable)60.28 RCW. <br /> The Principal, and The Ohio Casualty Insurance Company (Surety), a corporation organized under the <br /> laws of the State of New Hampshire and licensed to do 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 /> Register by the Audit Staff Bureau of Accounts, U.S. Treasury Dept., are jointly and severally held and firmly <br /> bound to the City of Everett in the sum of Four Hundred Fifty-Four Thousand Nine Hundred and 60/100 US Dollars <br /> ($ 454,900.60 ) 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 <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 /> pay the taxes, fees, and penalties incurred on the project; and if such payment obligations have not been fulfilled, <br /> 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, and waives notice of any changes, extension of time, alteration or <br /> addition to the terms of the Contract or the work performed. The Surety agrees that modifications and changes to <br /> the terms and conditions of the Contract that increase the total amount to be paid the Principal shall automatically <br /> increase the obligation of the Surety on this bond and notice to Surety is not required for such increased <br /> 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 behal = the surety. <br /> PRINCPA Specialty :. .ment LLC dba SURETY The. hio Casualty In rance Company <br /> Neptune ee Contractors <br /> .+GO Qh q '9/ <br /> Printed Name: ,b ((�A:r.) - Printed Name: Cameron Huntsucker `_.; o.m <br /> -0a�' 9fg •n: <br /> A ?� o. <br /> Title: t`h 1�Q�1�{/t gP/12 , Title: Attorney-in-Fact y'y S .•$ <br /> =� '.gMPsN. aa- <br /> Name, address, and telephone number of local office/agent of Surety is: <br /> Integrity Surety LLC 17544 Midvale Ave N #300 Seattle WA 98133 <br /> (206)546-1397 cameron@integritysurety.com <br /> PAYMENT BOND APPROVED BY <br /> CITY OF EVE WASHINGTON ATTEST: APPROVEO'AS:TO FORM: <br /> t� <br /> By: <br /> assi Fr k'n ayor �r City Clerk City Attorney <br /> Date: Date: `.'�S 7, Date: /•/o •ty <br /> 00 6113 - 2 PERFORMANCE BOND AND PAYMENT BOND <br />