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I
<br /> IPAYMENT BOND
<br /> Bond No. 107636603
<br /> I The City of Everett has awarded to Quilceda Excavation, Inc. {Principal), a contract for the construction of
<br /> the project designated as Water Main Replacement "W", Project No, UP3766, in Everett, Washington
<br /> (Contract), and said Principal is required under the terms of that Contract to furnish a payment bond in accord
<br /> I with Title 39.08 Revised Code of Washington(RCW)and(where applicable)60.28 RCW.
<br /> Travelers Casualty and Surety
<br /> The Principal, and Company of America (Surety), a corporation organized under the
<br /> laws of the State of Connecticut and licensed to do business in the State of Washington as surety
<br /> I and named in the current list of"Surety Companies Acceptable in Federal Bonds"as published in the Federal
<br /> Register by the Audit Staff Bureau of Accounts, U.S.Treasury Dept., are jointly and severally held and firmly
<br /> bound to the City of Everett in the sum of ** US Dollars
<br /> ($ 1,843,150.92 )Total Contract Amount, subject to the provisions herein.
<br /> I **One Million Eight Hundred Forty-Three Thousand One Hundred Fifty Do11a;s d 2/100
<br /> "This statutory payment bond shall become null and void, if and when the Principal,its heirs,executors,
<br /> administrators, successors,or assigns shall pay all persons in accordance with RCW Titles 39.08 and 39.12
<br /> including all workers, laborers,mechanics,subcontractors,and material suppliers,and all persons who shall
<br /> I supply such contractor or subcontractor with provisions and supplies for the carrying on of such work.and shall
<br /> pay the taxes, increases, and penalties incurred on the project; and if such payment obligations have not been
<br /> fulfilled, this bond shall remain in full force and effect.
<br /> I The Surety for value received agrees that no change,extension of time,alteration or addition to the terms of the
<br /> Contract,the specifications accompanying the Contract,or to the work to be performed under the Contract shall in
<br /> any way affect its obligation on this bond.and waives notice of any change,extension of time,alteration or
<br /> I addition to the terms of the Contract or the work performed.The Surety agrees that modifications and changes to
<br /> the terms and conditions of the Contract that increase the total amount to be paid the Principal shall automatically
<br /> increase the obligation of the Surety on this bond and notice to Surety is not required for such increased
<br /> obligation.
<br /> I This bond may be executed in two(2)original counterparts, and shall be signed by the parties' duly authorized
<br /> officers- This bond will only be accepted if it is accompanied by a fully executed and original power of attorney for
<br /> the officer executing on behalf of the sure .
<br /> IPRINCIPAL SURETY Travelers Casualty and Sur y Company of America
<br /> Quilceda cavation, Inc. 1' `mi,,J ,_ , '
<br /> I Printed Name: Ma4 le_ -1W ba.rtrrise Printed Name: Theresa A. Lamb
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<br /> Title: li' 1._L,'agt,Y.-.- Title: Attorney-in-Fact
<br /> ' Name,address,and telephone number of local office/agent of Surety is:
<br /> _
<br /> HUB International NW, LLC
<br /> P. O. Box 3018
<br /> I
<br /> Bothell, WA 98041-3018
<br /> (425) 489-4500
<br /> I . PAYMENT BOND APP D BY STANDARD DOCUMENT
<br /> CiTY OF EVERE AS NGTON ATTEST: APPROVED AS TO FORM:
<br /> OFFICE OF THE CITY
<br /> I By: ATTORNEY
<br /> Cassie F nkli , ayor t 'GYi U City Clerk
<br /> Date / zA_____, Date: ti (10.22.2.1)
<br /> Water Main Replacement"W" Division C-CONTRACT April,2022
<br /> Work Order#UP3766 SP-31
<br /> illvided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Scal
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