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2022/10/26 Council Agenda Packet
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2022/10/26 Council Agenda Packet
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1/19/2023 9:47:49 AM
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10/26/2022 2:16:54 PM
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Council Agenda Packet
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10/26/2022
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obligations under the Contract, or Contract alteration, amendment or change order shall not release the Surety from its <br />obligation under this bond. <br />4. RCW Chapter 60.28 authorizes the City to substitute a retainage bond in lieu of earned retained funds <br />and the Surety hereby waives any defense that this bond is void or otherwise not authorized by law. <br />5. Any claim or suit against the City to foreclose the liens provided for by RCW Chapter 60.28 shall be <br />effective against the Principal and Surety and any judgment under RCW Chapter 60.28 against the City shall be <br />conclusive against the Principal and the Surety. <br />6. The laws of the State of Washington shall apply to the determination of the rights and obligations of the <br />parties hereunder. Venue for any dispute or claim hereunder shall be the state courts of Washington in Snohomish <br />County, Washington. <br />SIGNED AND SEALED THIS of <br />, 202. <br />Surety <br />By: <br />Typed/Printed Name: 14\ <br />Title: <br />IL <br />Principal <br />By: <br />Typed/Printed Name: <br />Title: <br />Page 35 of 38 <br />
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