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PAYMENT BOND
<br />Bond No. 2350464
<br />The City of Everett has awarded to R.L. Alia Company (Principal), a contract for the construction of
<br />the project designated as Beverly Lake Water Quality Retrofit, Project No. UP 3745, in Everett, Washington
<br />(Contract), and said Principal is required under the terms of that Contract to furnish a payment bond in accord
<br />with Title 39.08 Revised Code of Washington (RCW) and (where applicable) 60.28 RCW.
<br />The Principal, andswiss Re Corporate Solutions America Insurance Corporation(Surety), a corporation organized under the
<br />laws of the State of Missouri 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 OfOne Million One Hundred Seventy Five Thousand Fifteen Dollars and 00/1 Dollars
<br />(S 1,175,015.00 ), which is the Contract Sum, subject to the provisions herein.
<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 />RCW; 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 />Company
<br />Printed Name: Y 1 ¶0 i 4
<br />Title: PRe-s I DEAL T
<br />SURETY Swiss Re Corporate Solutions America Insurance Corporation
<br />tta/1/1/A -
<br />Printed Name: Deanna M. French
<br />Title: Attorney -in -Fact
<br />STANDARD BOND FORM
<br />OFFICE OF THE CITY ATTORNEY
<br />APPROVED AS TO FORM
<br />APPROVED AS TO CITY CHARTER § 4.1
<br />Local Office/ Agent of Surety:
<br />Name: Parker, Smith & Feek
<br />Address: 2233 112th Ave. NE. Bellevue, WA 98004
<br />Phone Number: 425-709-3600
<br />Email: psfsurety@psfinc.com
<br />Beverly Lake Water Quality Retrofit Division C - CONTRACT
<br />Work Order # UP3745 SP — 42
<br />August 2023
<br />Provided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Scal
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