|
dd{i il {q ?
<br />Bond No
<br />PAYMINT BOND
<br />The City 0f fverett has awrrded to Sova Construction, LLC (Principal), a contract for the construction of the project
<br />clesignated as Carl Gipson Center Wall and Window liepair, Froject No. 2023-09L, in Everett, lVashington {Cr:ntract), and said
<br />Principal is required unrJer the terms of tirat Contract to furnish a payment bond in accord with"fitle 39.08 Revised Code of
<br />Washinglon {RCW) and (where appiicable) 60.7"8 RCW.
<br />Tt re pri nc i pa l, a n d -.'511, "l *lljl1L1 1ce connanl {Surety), a corporation orilarri:ed uirdcr the laws of the State of
<br />Texas ard licerrsed to do business in the Staie of Washington as srjrety and named in the current list of "suretv
<br />C'.otrtpanics Acce ptable in Federai Borrds" as pu[:lished in the Federal Register by the l\udit Staff Bureau of Accounts, U.S. Treasury
<br />Dept., are jcintly and severally helcl and firnrly boirnd to the CitV qf Evcrctt in the sunr of
<br />t_onV Seven Ihorl13nd lwo-rlundfed Ihirry^Frve a1ld 0Zj]00 US Dollars 1,, a7.23S 02
<br />srrbject to the provisions herein.
<br />i, whicn is the Contract Price,
<br />This statutory paymerrt bond shall become null and vtiid if and when the []rincipal, its heirs, executors, adnrinistrators, successors, or
<br />assigns shall pay all persons in accordance with RCVI Titles 39.08 and 39.12, inciuding all workers, laborers, mechanics,
<br />subcontractors, and ntaterial suppliers, and all persons who shall supply such contractcr or subcorilractor with pr"ovisions and
<br />supplies for the carrying on of such wr,:rk, and all taxes incurred on said Contract i:nde :'Titie 50 and 51 RCW and all taxes imposed on
<br />the Principal under Title ,32 RCW; and if sirch payment obligations have not been fulfillcd, this bonci shall rernain in full force and
<br />effe ct.
<br />The Surety agrees to indernnify, defend, .rnd protect the City of fverett aga:nst any clainr r:f direct cr indirect loss resulting fronr the
<br />failure of the Principal, its heirs, executors, adrninistrators, successorsr or assigns (or the subcontractors or lower-tier subcontractors
<br />r:f the Principal) to pay all laborers. mechanics, subcontractors, lower-tier subcontractors rnaterial person5, and all persons who sharr
<br />supply such contractor or subcontractors with provrsions and supplies for the carrying on of sr"rch work.
<br />Ttre Surety for value rec*ived agrees that no ci"range, exterrsion of tinre, alteration, or addition to the terms of the Contract, the
<br />specifications accr:mpanying the Contr..-:ct, or to the work to be per{ormed undrr the Contract shall in any way ;rf{ect its obligaticn
<br />on this bond, except as prcvicied irsrein and waives notice of arry chan6e, e xtension of tinre, alte ration or addition to the rernrs o{
<br />the Contr;lct or the rvork periormed. 1he Surety agrees th*rt rnodi{icaticns .:nd changes to tlte terms and condltiorrs of the Contract
<br />that insrease the total amount to be paid the Principal shallautonratically increase the ol"rligation of the Surety on this bond, and
<br />notice to Surety is not required for such increaseci obligation.
<br />''l his bond may be execr-rted in two {2} original counterpafts and shall be signed by the parties' duly authorized officers, This bond witl
<br />only be accepted if it is acconrpanied by a fully executed and original pr:wer of attorney far the officer executing on behalf of the
<br />surety. The Surety ap,reesto be bound bythe la'ls of the state of Washingtorr and subjccted to the jurisdiction of the stat{: of
<br />l{lash i nfiton.
<br />SUR[Ty Surelec lnsurance Company
<br />--*"*d.*{**,,-=::;ii"--.
<br />o-i.i *LPrinted Name:
<br />Iitl e
<br />STANDAIID UAND {Afil\A
<br />Qll{lC[.: CF TllF CIW /tI]ORNFI
<br />AFPRCVIA AS TA FORI,,I
<br />APPfrOVTD AS TA CITY CHAIITTR 6 4..1
<br />$al*N
<br />Prirrtecl Nanre: KatelYn cooPer
<br />1111*. Atfortey-in-Fact
<br />local Off ice/ Ag,ent of Surety:
<br />Nanre;,larryrr .^9milh & Faek
<br />Adclfess: 2_233- jl2ltr Ave NE Belle,vr"rc WA 98004
<br />P lt o n e N u ttl:r,r' ; (4251 .10s tl-9"!.9-......
<br />gps11. PsfvuretY@Psfirrc.corn
|