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' RELEASE OF RETAINAGE BOND OF CONTRACTOR <br /> Bond No.WA101437 <br /> KNOW ALL MEN BY THESE PRESENTS: That we Always Active Services LLC <br /> (hereinafter called Principal), and Merchants Bonding Company(Mutual) a corporation <br /> ' organized and doing business under and by virtue of the Iaws of the state of Iowa , <br /> and duly licensed for the purpose of making, guaranteeing or becoming sole surety upon bonds <br /> or undertakings required and authorized by the State of Washington, (hereinafter called Surety), <br /> ' as Surety, are held firmly bound unto city of Everett , (hereinafter <br /> called Obligee) in the just and full sum of Sixteen Thousand Six Hundred Seven& 10/100 <br /> ti6,607.10 )plus 5%of any increases in the contract amount that have occurred or may <br /> ' occur, due to change orders, increases in the quantities<>r the addition of any new item of work <br /> ' THE CONDITIONS OF THIS OBLIGATION ARE SUCH THAT, Whereas, the said Principal on <br /> the 15th day of June ,2022 entered into a written contract with the said <br /> obligee for Interurban Trail to YMCA Pedestrian Improvements, Project No.W.O. 3749 <br /> ' which said contract is hereby referred to and made a part hereof by reference. <br /> WHEREAS, Pursuant to Chapter 60?8 RCW, the above named Principal has requested release <br /> of retained percentage earned or which may be earned under said contract, and, <br /> WHEREAS,the obligee is willing to release retained percentage in advance of contract terms <br /> ' relating to payment provided the principal shall file bond to indemnify the obligee for all loss, <br /> cost or damages which the obligee may sustain by reason of payment of retainage to the <br /> principal, which bond shall be subject to all claims and liens in the same manner and same <br /> priority as apply to the retainage percentage released, or to be released, <br /> NOW, THEREFORE, the condition of this obligation is such that if the principal shall indemnify <br /> ' the obligee for all loss, cost or damages which the obligee may sustain by reason of payment of <br /> retained percentage to the principal then this obligation shall be null and void unless otherwise to <br /> remain in full force and effect. <br /> ' IN WITNESS WHEREOF, said principal and said Surety have caused these presents to be duly <br /> signed and sealed this23rd day of June ,2022 <br /> ' Always Active Services LLC <br /> By: <br /> Principal <br /> Merchants Bonding Company(Mutual) <br /> By: /\ a. �ltic��,�� �" -- <br /> ' Katharine J Snider <br /> Attorney-in-Fact <br /> 1 <br />