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City of Everett 00 61 13 - 1 <br /> Water Filter Plant Portal 4 Improvements WO# 3755 <br /> SECTION 00 61 13 - PERFORMANCE BOND AND PAYMENT BOND <br /> PERFORMANCE BOND <br /> Bond No.:9412095 <br /> The City of Everett has awarded to IMCO General Construction, Inc.(Principal), a contract for the construction of <br /> the project designated as Water Filter Plant Portal 4 Improvements Project, WO#3755, in Everett, Washington <br /> (Contract), and said Principal is required to furnish a bond for performance of all obligations under the Contract. <br /> The Principal, and Fidelity and Deposit Company of Maryland (Surety), a corporation organized under the <br /> laws of the State of Illinois and licensed to do business in the State of Washington as surety <br /> and named in the current list 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 <br /> bound to the City of Everett in the Sum Of Four Million Five Hundred Twenty Thousand Three* US Dollars <br /> ($4,520,327.00 ), which is the Contract Sum, subject to the provisions herein. <br /> "Hundred Twenty Seven and 00/100 <br /> This statutory performance bond shall become null and void, if and when the Principal. its heirs, executors, <br /> administrators, successors, 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 be made, at the time and in the manner therein specified; and if such performance <br /> obligations have not been fulfilled, this bond shall remain in full force and effect. <br /> The Surety agrees to indemnify, defend, and protect the City of Everett against any claim of direct or indirect loss <br /> resulting from the failure of the Principal, its heirs, executors, administrators, successors, or assigns (or any of the <br /> employees, subcontractors. or lower tier subcontractors of the Principal)to faithfully perform the Contract. <br /> The Surety for 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 bond, and waives notice of any change. extension of time, alteration or <br /> addition to the terms of the Contract or the work performed. The Surety agrees that modifications and changes to <br /> the terms and conditions of the Contract that increase the total amount to be paid the Principal shall automatically <br /> increase the obligation of the Surety on this bond and notice to Surety is not required for such increased <br /> obligation. <br /> This bond 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. The Surety agrees to be bound by the laws of the state of <br /> Washington and subjected to the jurisdiction of the state of Washington. <br /> ,4? - - Ng CO General Construction, Inc. SURETY Fidelity and Deposit Company of Maryland <br /> vi eAfJn - Printed Name: Katharine J. Snider <br /> loll; • Ti 97 c•t% + Title: Attorney-in-Fact <br /> � ( bl.�. -, and telephone number of local office/agent of Surety is: <br /> A.�::"` urance <br /> 601 Union Street, Suite 3400 <br /> Seattle, WA 98101 <br /> (206)676-4200 <br /> 00 61 13 - 1 PERFORMANCE BOND AND PAYMENT BOND <br />