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PAYMENT BOND <br /> Bond No. LSM1356210 <br /> The City of Everett has awarded to D.K. Systems, Inc. (Principal),a contract for the construction of the project <br /> designated as Unit Price HVAC Services and Repairs,Bid No.2022-047,in Everett,Washington(Contract),and said Principal is <br /> required under the terms of that Contract to furnish a payment bond in accord with Title 39.08 Revised Code of Washington(RCW) <br /> and(where applicable)60.28 RCW. <br /> The Principal,and RLI Insurance Company (Surety),a corporation organized under the laws of the State of <br /> Illinois 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 /> Two Hundred Thousand and 00/100 US Dollars($ 200,000.00 ),which is the Required Bond <br /> Amount,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, <br /> or 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 shall pay the taxes,increases,and penalties incurred on the project;and if such <br /> payment obligations have not been fulfilled,this bond shall remain in full force and effect. <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 <br /> will 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. <br /> PRINCIP -D.K. Systems, Inc. R TY-RL4 Ins anc Tany <br /> / ANCE <br /> G. a. 4pPPOR4 <br /> Darron DrakeShellie Eubanks <br /> Printed Name: Printed Name: SEAL:: <br /> Title: President Title: Attorney In Fact <br /> Name,address,and telephone number of local office/agent of Surety is: <br /> Smiley Insurance Services Corp. <br /> Scott Richards Insurance Inc. <br /> Anacortes Marine Insurance Inc. <br /> 1616 N 18th Street Suite 160, Mount Vernon WA 98273 <br /> Main: 360-424-1772 I Fax:360-424-03881 Direct:360-707-7562 <br /> PAYMENT BOND APPROV ' BY <br /> CITY OF EVERETT. • •N ATTEST: AP FORfdt <br /> Office o the City Attorney <br /> APPROVED AS TO FORM <br /> By: David C.Hall,City Attorney <br /> assi'- I111,11Prayor City Cler City Attorney Date: f,(7 i ?i Date: Lp J7 2-z__ Date: S' LZ <br /> Page 38 of 43 <br />