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PAYMENT BOND
<br /> oottd No. S00.1-3244 Premium:Included
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<br /> The City Of Everett has awarded to Karl Needham Enterprises, Inc.
<br /> (Principal) a t ontraa for the=enaction Of
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<br /> the project designated as 2: 016 Eiosolida Disposal,Project No,WO 260044, in Everett,Washington
<br /> (Contract),:aint said Principatis required under the terms of that Contract to furnish a payment bend in accord
<br /> with Title 49.0 Revised COde Of Washington{ROW)and(Where applicable)60.28 ROW
<br /> MO Plitiptai,,W10 Allied World Specialty Insurance Company *rat?),a cOrporation organized:under the
<br /> laws of the State of Delaware -end licensed to do business in the State of Washington as surety
<br /> and named in the.current list of"Surety Companies Acceptable in Federal Banda"es published in the Federal
<br /> Register by the Audit Staff Bureau of Accounts, US,Treasury Dept, are jointly and severally held and firmly
<br /> bound to the City of Everett in the sum of Six Hundred Sixty Four Thousand Four Hundred Ninety* us Dollars
<br /> ($664,492.92 )Total Contract Amount,Subject to the provisions herein.
<br /> Ilia statutory payment bond shall become nuft arid veld, if and when the Principal, its heirs, executors,
<br /> adMinistrators, sucOessors,or assigns shall pay all persons in accordance with RCVV Titles 39.08 and 39.12
<br /> including all workers,laborers; mechanics subcOntiactors, and material suppliers,and all persons who shall
<br /> supply such contractor or subcontractor with provisions and supplies for the carrying on of such Work and if such
<br /> payment obligations have riot been fulfilled,this bond shall remain in full force and effect.
<br /> The:Surety:far 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 bondi except as provided herein, and waives notice of any change,extension
<br /> of time,alteration or addition to the terms of the Contract or the work performed.The Surety agrees that
<br /> ModificationS and changes to the terms and conditions of the Contract that increase the total amount to be paid
<br /> the Pdncipal Shell automatically increase the obligation of 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 counterpaits,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 surety.
<br /> PR
<br /> Allied World Specialty Insurance Comany INCIPAL. Karl Need Enterprises,Inc SURETY
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<br /> Jr Name , 1111-,4 - Afee- 44.,..,,,, Printed Name: David Mahler on April 22, 2016
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<br /> Title; ,Secre tvy /.77<eolsecvev Title: Attorney-In-Fact
<br /> Name, addreas, and telephone number of local office/agent of Surety is:
<br /> Direct Surety Insurance Sales
<br /> 1065 E. Hillsdale Blvd.#230,Foster City, CA 94404
<br /> (650)274-0194
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<br /> PAY:10 ENT BOND APPROVED BY
<br /> COY OF EVERE i i,WASHINGTON *AITAST: APPROVED AS TO FORM:
<br /> 1 i film
<br /> „LA., -
<br /> ... clo . ..,n, Mayor
<br /> , Sharon f117r, City Clerk
<br /> James D. 91/Ctomey
<br /> /1
<br /> Dates -- /431,_, Date! $ trill t,
<br /> *Two and 92/100ths
<br /> ;$16:BiiitOittOusposal Djvigion C-CONTRACT March 1,2(}16
<br /> Work Ortilr#tai'/010-44. C-s
<br /> Provided T.gt Builders E. c14,5aie Of Wri., 173V,.. For owlsCc5nditioqt Agteeineht de wviso_b3aga.com :- A.Ways Vekily Scare
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