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I. <br /> IBID GUARANTY <br /> I Bidder herewith guarantees its bid by depositing one of the following with its bid/proposal in an amount of five <br /> percent(5%) or more of the bidder's total bid/proposal: <br /> ❑ Certified check <br /> I ❑ Cashier's check <br /> Ij l Bid Bond <br /> dt.•, 4_..___----- <br /> Signature <br /> IBID BOND <br /> Bond No. Bid <br /> I . Fleming Bicycle Corridor,Federal Aid <br /> Project CM-0420(027);COE#PW3767 <br /> W.O. # PW3767 <br /> I <br /> KNOW ALL MEN BY THESE PRESENTS, <br /> that Always Active Services LLC [Contractor], a corporation organized under the laws of <br /> Ithe State of Washington , and registered to do business in the State of Washington as a contractor,as Principal, <br /> and Merchants National Bonding, Inc. [Surety],a corporation organized under the <br /> I laws of the State of Iowa and registered to transact business in the State of Washington, as Surety, their <br /> heirs, executors, administrators, successors and assigns, are jointly and severally held and bound to the City of <br /> Everett, Washington, hereinafter called "City", and are similarly held and bound unto the City in the sum of <br /> Five Percent(5%)of Bid Amount and No/100's Dollars ($ 5%of Bid Amount), the payment of which, well and truly to be <br /> I <br /> paid, we bind ourselves, our heirs, executors and successors,jointly and severally,formally by these presents. <br /> NOW, THEREFORE, the condition of this obligation is such that the Surety is held and bound to the City to pay and <br /> I forfeit to the City the amount of this bond as provided herein, upon the conditions contained herein, unless the <br /> conditions for release contained herein are satisfied or expressly waived in a writing signed by the City Attorney. <br /> IIt is expressly understood and agreed that: <br /> 1. Bidder and Surety,jointly and severally,bind themselves, their heirs, executors, administrators, successors and <br /> I assigns to pay to the City upon default of Bidder the penal sum set forth on the face of this Bond. <br /> 2. Default of Bidder shall occur upon the failure of Bidder to deliver within the time required by the Bidding <br /> Documents the executed Agreement required by the Bidding Documents, any performance and payment bonds <br /> required by the Bidding Documents and Contract Documents, and evidence of insurance required by the Bidding <br /> Documents and Contract Documents. <br /> I3. This obligation shall be null and void if: <br /> 3.1. City accepts Bidder's bid and Bidder delivers within the time required by the Bidding Documents (or <br /> any extension thereof agreed to in writing by City)the executed Agreement required by the Bidding <br /> I <br /> Documents, any performance and payment bonds required by the Bidding Documents and Contract <br /> Documents, and evidence of insurance required by the Bidding Documents and Contract Documents, <br /> i <br /> or <br /> CITY OF EVERETT PROPOSAL <br /> I FLEMING BICYCLE CORRIDOR 0 811 812 0 2 2 <br /> FEDERAL AID CM-0420(027);COE#PW3767 Page 25 of 30 <br /> Provided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Scale <br />