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PAYMENT BOND
<br /> Bond No. 2327474 _
<br /> The City of Everett has awarded to Landscape Structures Inc. (Principal),a contract for the construction of the project
<br /> designated as Thornton A Sullivan Park,in Everett,Washington(Contract),and said Principal is required under the terms of that
<br /> Contract to furnish a payment bond in accord with Title 39.08 Revised Code of Washington(RCW)and(where applicable)60.28
<br /> RCW.
<br /> The Principal,and `swiss Re Corporate Solutions Amenca Insurance Corporation (Surety
<br /> ),a corporation organized under the laws of the State of
<br /> and licensed to do business in the State of Washington as surety and named in the current list of"Surety
<br /> Companies Acceptable in Federal Bonds"as published in the Federal Register by the Audit Staff Bureau of Accounts,U.S.Treasury
<br /> Dept.,are jointly and severally held and firmly bound to the City of Everett in the sum of
<br /> One Milion One Hundred Thirty One Thousand Three Hundred Seven and 91/100 US Dollars($ 1,131,307.91 ),which is the Contract Price,
<br /> subject to the provisions herein.
<br /> This statutory payment bond shall become null and void if and when the Principal,its heirs,executors,administrators,successors,or
<br /> assigns shall pay all persons in accordance with RCW Titles 39.08 and 39.12,including all workers,laborers,mechanics,
<br /> subcontractors,and material suppliers,and all persons who shall supply such contractor or subcontractor with provisions and
<br /> supplies for the carrying on of such work,and all taxes incurred on said Contract under Title 50 and 51 RCW and all taxes imposed on
<br /> the Principal under Title 82 RCW;and if such payment obligations have not been fulfilled,this bond shall remain in full force and
<br /> effect.
<br /> The Surety agrees to indemnify,defend,and protect the City of Everett against any claim of direct or indirect loss resulting from the
<br /> failure of the Principal,its heirs,executors,administrators,successors,or assigns(or the subcontractors or lower-tier subcontractors
<br /> of the Principal)to pay all laborers,mechanics,subcontractors,lower-tier subcontractors material persons,and all persons who shall
<br /> supply such contractor or subcontractors with provisions and supplies for the carrying on of such work.
<br /> The Surety for value received agrees that no change,extension of time,alteration,or addition to the terms of the Contract,the
<br /> specifications accompanying the Contract,or to the work to be performed under the Contract shall in any way affect its obligation
<br /> on this bond,except as provided herein and waives notice of any change,extension of time,alteration or addition to the terms of
<br /> the Contract or the work performed.The Surety agrees that modifications and changes to the terms and conditions of the Contract
<br /> that increase the total amount to be paid the Principal shall automatically increase the obligation of the Surety on this bond,and
<br /> notice to Surety is not required for such increased obligation.
<br /> This bond may be executed in two(2)original counterparts and shall be signed by the parties'duly authorized officers.This bond will
<br /> only be accepted if it is accompanied by a fully executed and original power of attorney for the officer executing on behalf of the
<br /> surety.The Surety agrees to be bound by the laws of the state of Washington and subjected to the jurisdiction of the state of
<br /> Washington.
<br /> PRINCIPAL Landsca a Structu s Inc. URETY Swiss Re Corporate S lions A ' a Insurance Corporation
<br /> Printed Name: MI Sin J . Printed N me: Judith A.Lucky-Efti
<br /> Title: Cre , J— C ovvi re is - Title: Attorney-in-Fact
<br /> Name,:address,and telephone number of local office/agent of Surety is:
<br /> Aon Risk Services,Inc.-200 E.Randolph Street,Chicago,IL 60601
<br /> BOND APPROVED BY STANDARD DOCUMENT
<br /> CITY OF EVERETT,WASHINGTON ATTEST:
<br /> APPROVED AS TO FORM:
<br /> OFFICE OF THE CITY ATTORNEY
<br /> By:
<br /> Cass.e Fra klin,Mayor Office e City Clerk (2.24.22)
<br /> Date: 2 t- Date: (.5 (
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