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I : <br /> BID GUARANTY <br /> IBidder herewith guarantees its bid by depositing one of the following with its bid/proposal in an amount of five <br /> percent(5%) or more of the bidder's total bid/proposal: <br /> I El Certified check <br /> ❑ Cashier's check <br /> r)Vi <br /> Bid Bond <br /> _7_,/,-; . /27----/// <br /> Signature <br /> I <br /> BID BOND <br /> I Bond No. Bid <br /> Interurban Trail to YMCA <br /> Project Pedestrian Improvements <br /> W.O. # 3749 <br /> KNOW ALL MEN BY THESE PRESENTS, <br /> I that Always Active Services LLC [Contractor], a corporation organized <br /> under the laws of the State of Washington , and registered to do business in the State of <br /> Washington as a contractor, as Principal, and <br /> I Merchants National Bonding, Inc. [Surety], a corporation <br /> and registered under the laws of the State of Iowa to transact business in the <br /> State of Washington, as Surety, their heirs, executors, administrators, successors and assigns, <br /> I are jointly and severally held and bound to the City of Everett, Washington, hereinafter called <br /> "City", and are similarly held and bound unto the City in the sum of Five Percent (5%)of Bid Amount <br /> and No/100's Dollars ($ 5% of Bid Amount ), the payment of which, well and truly to be paid, we bind <br /> ourselves, our heirs, executors and successors, jointly and severally, formally by these presents. <br /> I NOW, THEREFORE, the condition of this obligation is such that the Surety is held and bound to <br /> the City to pay and forfeit to the City the amount of this bond as provided herein, upon the <br /> I conditions contained herein, unless the conditions for release contained herein are satisfied or <br /> expressly waived in a writing signed by the City Attorney. <br /> It is expressly understood and agreed that: <br /> I <br /> 1. Bidder and Surety, jointly and severally, bind themselves, their heirs, executors, administrators, <br /> successors and assigns to pay to the City upon default of Bidder the penal sum set forth on the face of this <br /> I Bond. <br /> 2. Default of Bidder shall occur upon the failure of Bidder to deliver within the time required by the Bidding <br /> Documents the executed Agreement required by the Bidding Documents, any performance and payment <br /> I bonds required by the Bidding Documents and Contract Documents, and evidence of insurance required by <br /> the Bidding Documents and Contract Documents. <br /> I3. This obligation shall be null and void if: <br /> 3.1. City accepts Bidder's bid and Bidder delivers within the time required by the Bidding <br /> Documents (or any extension thereof agreed to in writing by City) the executed Agreement <br /> required by the Bidding Documents, any performance and payment bonds required by the <br /> IINTERURBAN TRAIL TO YMCA PEDESTRIAN IMPROVEMENTS DIVISION P—BID BOND <br /> WORK ORDER 3749 Page P9 of P12 MAY 2,2022 <br /> Iovided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Scal <br />