Brink Electrical Inc. 7/19/2022 - Laserfiche WebLink

City of Everett 00 6123 - 1 Inductive Charging Infrastructure for Everett Transit SECTION 00 6123 - NEW RETAINAGE BOND BOND NO. WA101580 RETAINAGE BOND KNOW ALL MEN BY THESE PRESENTS, that Brink Electric, LLC , a corporation organized under the laws of the State of Washington and registered to do business in the State of Washington as a contractor. as Principal. and Merchants Bonding Company(Mutual) a corporation organized under the laws of the State of Iowa and registered to transact business in the State of Washington as Surety, their heirs, executors, administrators, successors and assigns, are jointly and severally held and bound to the City of Everett. Washington, hereinafter called "City", and are similarly held and bound unto the beneficiaries of the trust fund created by RCW Chapter 60.28. in the sum of Twenty-Four Thousand Nine Hundred and 00/100 Dollars ($ 24,900.00 ) plus five (5%) percent of any increases that may occur under the Contract (as defined below), the payment of which, well and truly to be paid, we bind ourselves. our heirs, executors and successors,jointly and severally. formally by these presents. THE CONDITIONS OF THE ABOVE OBLIGATION ARE THAT: WHEREAS, on L, l.6VZ, the Principal executed a contract (the "Contract") with the City known as: PROJECT NAME: INDUCTIVE CHARGING INFRASTRUCTURE FOR EVERETT TRANSIT WHEREAS, said Contract and RCW Chapter 60.28 require the City to withhold from monies earned by the Principal during the progress of the construction, hereinafter referred to as "earned retained funds": 00 6123 - 1 RETAINAGE BOND Provided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Scal