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PERFORMANCE BOND <br /> Bond No.: 53580 <br /> The City of Everett has awarded to Metro Painting,LLC (Principal),a contract for the construction of the project <br /> designated as Graffiti Removal Services,Bid No.2021-105,in Everett,Washington(Contract),and said Principal is required to furnish <br /> a bond for performance of the estimated value of one years'obligations under the Contract.A new bond must be provided yearly. <br /> Failure to provide a yearly bond gives the City the option to terminate the contract. <br /> The Principal,and Western National Mutual Insurance Company(Surety),a corporation organized under the laws of the State of <br /> Minnesota 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 thousand US Dollars <br /> ($100,000),which is the Required Bond Amount,subject to the provisions herein. <br /> This statutory performance bond shall become null and void,if and when the Principal,its heirs,executors,administrators, <br /> successors,or assigns shall well and faithfully perform all of the Principal's obligations under the Contract and fulfill all the terms and <br /> conditions of all duly authorized modifications,additions,and changes to said Contract that may hereafter be made,at the time and <br /> in the manner therein specified;and if such performance obligations have not been fulfilled,this bond shall remain in full force and <br /> 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,and waives notice of any change,extension of time,alteration or addition to the terms of the Contract or the work <br /> performed.The Surety agrees that modifications and changes to the terms and conditions of the Contract that increase the total <br /> amount to be paid 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 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. <br /> PRINCIPAL Metro Painting,LLC SURETY Western National Mutual Insurance Company <br /> ja6-4(----- <br /> printed Name: ,4- �~9 Printed Name: Theresa A. Lamb <br /> Title: � /� 1 e--02 )e,eN Title: Attorney-in-Fact <br /> Name,address,and telephone number of local office/agent of Surety is: <br /> HUB International NW,LLC <br /> P.O.Box 3018 <br /> Bothell,WA 98041-3018 <br /> (425)489-4500 <br /> PERFORMANCE BOND APPROVED BY <br /> CITY OF EVERETT ' r:TON ATTEST: APPROVED AS TO FORM• <br /> vi G'L'S�� L silty AtLC%rf1 y <br /> lop <br /> APPROVE AS TO FORM <br /> By: F C. 1'0.t.City Attorney <br /> Cassie franklin,Mayor City Clerk City Attorney <br /> Date: / 2, Z'_ Date: Date: <br />