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PERFORMANCE 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 to furnish a bond for performance of all obligations under the Contract. <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 Amount, <br /> subject to the provisions herein. <br /> This statutory performance bond shall become null and void,if and when the Principal,its heirs,executors,administrators, <br /> successors,or assigns shall well and faithfully perform all of the Principal's obligations under the Contract and fulfill all the terms and <br /> conditions of all duly authorized modifications,additions,and changes to said Contract that may hereafter be made,at the time and <br /> in the manner therein specified;and if such performance obligations have not been fulfilled,this bond shall remain in full force and <br /> 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,and waives notice of any change,extension of time,alteration or addition to the terms of the Contract or the work <br /> performed.The Surety agrees that modifications and changes to the terms and conditions of the Contract that increase the total <br /> amount to be paid the Principal shall automatically increase the obligation of the Surety on this bond and notice to Surety is not <br /> 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 /> PRINCIPAL-D.K.Systems, Inc. SJR TY-RLI In rancT Cor pany <br /> (��yy✓ 1/L Lt. .1./ � • oppOgyr y�,- <br /> Printed Name: Dacron Drake Printed Name: Shellie Eubanks = , 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 /> PERFORMANCE BOND APPROVED BY <br /> CITY OF EVERETT,W G N ATTEST: i e rty At oi•ney <br /> APPROVED AS TO FORM <br /> ;David C.Hall, City Attorney <br /> By: <br /> Cassie Fra klin,Mayor City Clerl City Attorney <br /> Date: Date: /O)i57c . Date:IV-;S- Y07,1- <br /> Page 37 of 43 <br />