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City of Everett 00 6123 - 1 <br /> 2023 Biosolids Removal UT 3808 - 2 <br /> i <br /> SECTION 00 6123 - NEW RETAINAGE BOND <br /> BOND NO. <br /> RETAINAGE BOND <br /> I <br /> KNOW ALL MEN BY THESE PRESENTS, that , a <br /> corporation organized under the laws of the State of , and <br /> registered to do business in the State of Washington as a contractor, as Principal, and <br /> , a corporation organized under the laws of the State of <br /> and registered to transact business in the State of <br /> Washington as Surety, their heirs, executors, administrators, successors and assigns, <br /> are jointly and severally held and bound to the City of Everett, Washington, hereinafter <br /> called "City", and are similarly held and bound unto the beneficiaries of the trust fund <br /> created by RCW Chapter 60.28, in the sum of <br /> Dollars ($ ) plus five (5%) <br /> percent of any increases that may occur under the Contract (as defined below), the <br /> payment of which, well and truly to be paid, we bind ourselves, our heirs, executors and <br /> successors, jointly and severally, formally by these presents. <br /> THE CONDITIONS OF THE ABOVE OBLIGATION ARE THAT: <br /> WHEREAS, on , the a <br /> (the "Contract") with the City known as:Princip l executed a contract <br /> 1 <br /> PROJECT NAME: 2023 BIOSOLIDS REMOVAL <br /> CONTRACT NUMBER: UT 3808 - 2 <br /> WHEREAS, said Contract and RCW Chapter 60.28 require the City to withhold from <br /> monies earned by the Principal during the progress of the construction, hereinafter <br /> referred to as "earned retained funds"; <br /> I <br /> 00 6123 - 1 NEW RETAINAGE BOND <br /> I <br />