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PERFORMANCE BOND <br /> S001-3244 Premium:$16,612.00 <br /> 1.14W <br /> The City Of Everett has atvarded ta Inc <br /> Karl Needham Enterprises, .(Pribeipal), a contreCt for theOorittrUctionof <br /> the project designated as 201.8 Biosolids DiSposal, Project No.WO 2801044,in Evatett Washington(Contract), <br /> and said Principal is required to furnish bOrid for performance of all obligations under the Contract. <br /> Allied World Specialty Insurance Company <br /> ThaPrincipal;anol (Surety.) a corporation organized under the <br /> laws of the State Of Delaware. and licensed to do business in the State of Washington as surety <br /> and named in current lia of"Surety Companies Acceptable in Federal Bonds as published in the Federal <br /> Register by the Audit Staff Bureau of Accounts, U.S.Treasury Dept„are jointly and severally held and firmly bound <br /> to the City Of Everett in the sum of Six Hundred Sixty Four Thousand Four Hundred* US Dollars <br /> ($664,492.92 )Total contract Amount,subject to the provisions herein. <br /> -0114 ttatubory pei:orrnnce Nod shall become null and void, if and when the Principal, its heirs, executors, <br /> administrators,tatoesSors,.or assigns shall well and faithfully perform all of the Principal's obligations under the <br /> Contract and fulfill all the terms and Conditions:Of all duly authorized modifications, additions,and changes to said <br /> Contract that may hereafter iv made at the time and in the manner therein specified:and if Such performance <br /> ibbligetiOns have not been fulfilled,this.bond shall remain in full force and effect. <br /> The Surety for vakie received agrees that no change,extension of time;alteration or addition to the terma 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 bond, and waives notice of any change,extension of time, alteration or addition <br /> to the terms of the Contract or the work performed The Surety agrees that modifications and changes to the terms <br /> and conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase <br /> the obligation of the Surety.on this bond end notice to Surety is not reqpiredfor such increased Obligation. <br /> ThisbOnd May be executed in two(2)original counterparts, 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 /> 'PRINCIPAL SURETY <br /> Karl Needham Enterprises, Inc. —Allied Woo:Id-Specialty Insurance Company <br /> 4' <br /> Otinied Name David Mahler on April 22, 2016 <br /> Print L- e 1-Ka 41, '. <br /> . . <br /> iitte ter are/ Tale: Attorney-In-Fact <br /> ; 77; <br /> Name, address; and telephone nurnber 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 <br /> PERFORMANCE BOND APPROVED • <br /> BY. At'r EST: APPROVED AS TO FORM: <br /> CITY OF 0/Oz-Err,WASHiirio-roN <br /> By' kat/03 4.10. <br /> „..tt; Mayor Sharon Fuller,City Clerk James D, Ilea,ci /ivy <br /> potO: /41, Date: s, <br /> *Ninety Two and 00/100ths <br /> 201.6 Blospikist#4,4 Division C-CONTRACT March 1,4016 <br /> Work Otder UP 269044 .C-7 <br /> Previded te Builders F., chatge ef WA, Ixic. For usage Conditiens Agree:max* see www_bxWa.com - Always Verify Scale <br />