|
PAYMENT BOND
<br /> Bond No. CE11499801353
<br /> The City of Everett has awarded to NETSERVICES USA,LLC DBA* (Principal),a contract for the construction of the
<br /> project designated as Emergency Services—Legion Golf Course , in Everett,Washington (Contract),and
<br /> said Principal is required under the terms of that Contract to furnish a payment bond in accord with Title 39.08 Revised
<br /> Code of Washington (RCW)and (where applicable)60.28 RCW. *NETSERVICES
<br /> The Principal,and Philadelphia Indemnity Insurance Company (Surety),a corporation organized under the laws of the
<br /> State of Pennsylvania and licensed to do business in the State of Washington as surety and named in the
<br /> current list of"Surety Companies Acceptable in Federal Bonds"as published in the Federal Register by the Audit Staff
<br /> Bureau of Accounts, U.S.Treasury Dept.,are jointly and severally held and firmly bound to the City of Everett in the sum of
<br /> Three Hundred Twenty Seven Thousand Two Hundred*" US Dollars($ 327,202.96 ),which is the Contract
<br /> Price,subject to the provisions herein. **Two and Ninety Six/100
<br /> This statutory payment bond shall become null and void if and when the Principal, its heirs,executors,administrators,
<br /> successors,or assigns shall pay all persons in accordance with RCW Titles 39.08 and 39.12, including all workers, laborers,
<br /> mechanics,subcontractors,and material suppliers,and all persons who shall supply such contractor or subcontractor with
<br /> provisions and supplies for the carrying on of such work,and all taxes incurred on said Contract under Title 50 and 51 RCW
<br /> and all taxes imposed on the Principal under Title 82 RCW;and if such payment obligations have not been fulfilled,this
<br /> 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 resulting
<br /> from the failure of the Principal, its heirs,executors,administrators,successors,or assigns(or the subcontractors or lower-
<br /> tier subcontractors of the Principal)to pay all laborers, mechanics,subcontractors, lower-tier subcontractors material
<br /> persons,and all persons who shall supply such contractor or subcontractors with provisions and supplies for the carrying on
<br /> of such work.
<br /> The Surety for value received agrees that no change,extension of time,alteration,or addition to the terms of the Contract,
<br /> the specifications accompanying the Contract,or to the work to be performed under the Contract shall in any way affect its
<br /> obligation on this bond,except as provided herein 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 the
<br /> terms and conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase the
<br /> obligation of the Surety on this bond,and notice to Surety is not 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
<br /> bond will only be accepted if it is accompanied by a fully executed and original power of attorney for the officer executing
<br /> on behalf of the surety. The Surety agrees to be bound by the laws of the state of Washington and subjected to the
<br /> jurisdiction of the state of Washington.
<br /> PRINCIPAL S RETY ,,z a,•.,,,,,,,,
<br /> NETS RVICES USA, LLC BA NETSERVICES ndemnity Insurance Com , s3'�o1y,.�'5��,
<br /> �/v Printed Name: 1927j. �?Printed Name: John D. Weisbrot E.
<br /> Title: I"A,J & Title: Attorney-in-Fact •- ,.,_
<br /> Name,address,and telephone number of local office/agent of Surety is:
<br /> Philadelphia Indemnity Insurance Company,One Bala Plaza,Suite 100,Bala Cynwyd,PA 19004-1403 Phone:717-540-2833
<br /> Payment Bond- 1
<br />
|