Redtail LLC 6/24/2022 - Laserfiche WebLink

PERFORMANCE BOND Bond No.: WAC56043 The City of Everett has awarded to Redtail, LLC (Principal), a contract for the construction of the project designated as Shore Avenue Force Main, Project No. UP3734, in Everett, Washington (Contract), and said Principal is required to furnish a bond for performance of all obligations under the Contract. The Principal, and Merchants Bonding Company(MUTUAL) (Surety), a corporation organized under the laws of the State of Iowa and licensed to do business in the State of Washington as surety and named in the current list of"Surety Companies Acceptable in Federal Bonds" as published in the Federal Register by the Audit Staff Bureau of Accounts, U.S. Treasury Dept., are jointly and severally held and firmly bound to the City of Everett in the sum of Eight Hundred Fifty-Five Thousand,Thirty-Two&99/l00ths US Dollars ($ 855,032.99 )Total Contract Amount, subject to the provisions herein. This statutory performance bond shall become null and void, if and when the Principal, its heirs, executors, administrators, successors, or assigns shall well and faithfully perform all of the Principal's obligations under the Contract and fulfill all the terms and conditions of all duly authorized modifications, additions, and changes to said Contract that may hereafter be made, at the time and in the manner therein specified; and if such performance obligations have not been fulfilled, this bond shall remain in full force and effect. The Surety for value received agrees that no change, extension of time, alteration or addition to the terms of the Contract, the specifications accompanying the Contract, or to the work to be performed under the Contract shall in any way affect its obligation on this bond, and waives notice of any change, extension of time, alteration or addition to the terms of the Contract or the work performed. The Surety agrees that modifications and changes to the terms and conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase the obligation of the Surety on this bond and notice to Surety is not required for such increased obligation. This bond may be executed in two (2) original counterparts, and shall be signed by the parties' duly authorized officers. This bond 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 surety. PRINCIPAL Redtail, i1 f SURETY Merchants Bonding Company(MUTUAL) - - Printed Name: Deflc. kAt M it"i Printed Name: Nicholas Fredrickson Title: N1..✓4../ Title: Attorney-in-Fact Name, address, and telephone number of local office/agent of Surety is: Parker, Smith& Feek 2233 112th Avenue NE, Bellevue, WA 98004 (425) 709-3600 PERFORMANCE BOND APPROVED BY ATTEST: APPROVED AS TO FORM: CITY OF EVE ASHINGTON Office of the City Attorney AP'PRCV:iD AS TO FORM David C. Hall,City Attorney Ca ie in, '/ayor I erk David C. Hall, City Attorney Date: 7 74 Date: Z Z Date: Shore Avenue Force Main Division C-CONTRACT February 24, 2022 Work Order#UP3734 SP-31