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City of Everett 00 61 13 - 3
<br /> Water Filter Plant Portal 4 Improvements WO# 3755
<br /> PAYMENT 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 Improvements Project, WO#3755, in Everett, Washington (Contract),
<br /> and said Principal is required under the terms of that Contract to furnish a payment bond in accord with Title
<br /> 39.08 Revised Code of Washington (RCW) and(where applicable) 60.28 ROW.
<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 /> *Thousand Four Hundred Ninety Six and 70/100
<br /> This statutory payment bond shall become null and void, if and when the Principal, its heirs, executors,
<br /> administrators, successors, or assigns shall pay all persons in accordance with RCW Titles 39.08 and 39.12
<br /> including all workers, laborers, mechanics, subcontractors, 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 all
<br /> taxes incurred on said Contract under Title 50 and 51 RCW and all taxes imposed on the Principal under Title 82
<br /> ROW; and if such payment 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 the
<br /> subcontractors or lower tier subcontractors of the Principal)to pay all laborers, mechanics, subcontractors, lower
<br /> tier subcontractors material persons, and all persons who shall supply such contractor or subcontractors with
<br /> provisions and supplies for the carrying on of such work.
<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 /> �+ A'-� IMCO General Construction, Inc. SURETY Fidelity and Deposit Company of Marylpk de,
<br /> v;. P -nLed''Rlar € o i Lat Printed Name:}Katharine J. Snider
<br /> . z �
<br /> t T % D Title: Attorney-in-Fact •
<br /> St /g
<br /> Iciyazz 6 and telephone number of local office/agent of Surety is:
<br /> k .s;w;:'I V�.:�ce
<br /> Street, Suite 3400
<br /> Seattle, WA 98101
<br /> (206)676-4200
<br /> 00 61 13 - 3 PERFORMANCE BOND AND PAYMENT BOND
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