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2016/04/06 Council Agenda Packet
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2016/04/06 Council Agenda Packet
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4/12/2016 11:46:50 AM
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4/12/2016 11:45:50 AM
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Council Agenda Packet
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4/6/2016
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PERFORMANCE BOND <br /> to City of Everett, WA <br /> Bond No. <br /> The City of Pverett, Washington, (City) has awarded to. (Principal) a contract for <br /> the construction of the project designated as 41st Si..to `WMVD, Freight :Corridor Improvements Project <br /> NoCQE 347_x; Fed#'STPUI 993ij4121in Everett, Washington (Contract), and said Principal is required to furnish <br /> a bond`for performance of all obligations under the Contract. <br /> The.Principal, and 'm (Surety), a.corporation organized" under the <br /> laws of the State of and licensed to do business in the State;of Washington as surety <br /> and named in the current list o-f "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;fi mlybound'> <br /> to the;City of Everett, in the sum of -.. <br /> US C3c51lats($; } 'otal Contract Amount subject to the provisions herein <br /> This statutory performance bond'_shall become null and void, if and_when the_ Principal, its; heirs, executors, <br /> administrators, successors,;or assigns shall well and_faithfully perform all of the Principal's.obligations under the <br /> Contract and fulfill all The;termsmarid conditions of all duly.authorized_modifications additions, and changes to:said <br /> Contract that may,hereafter be made, at the time and in the.manner therein specified; arid,if such performance <br /> oblfgatons.have not been fulfilled;,this bond shall remain in full force and effect- <br /> The Surety for values received agrees that no change,;extension of time,:alteration or addition to•the termsofthe <br /> Contract, the specifications accompanying the Contract, or to the work to:be performed under the Contract shall in <br /> anyway affect its obligation on this bond,=and�waives notice of any change, extension of time, alteration or addition <br /> to the terms=of the Contract or the;-work performed:.The:Surety agrees that.rnociifications'and changes tri the,terms <br /> and conditions of the Contract that increase the total amount=to be paid the Principal shall autoinatiGally Increase: <br /> the obligation of the Surety on thisbond;and notice to Surety is not required'for such increased ok ligation ' <br /> This bond may be executed in two (2) original counterparts, and.shall be signed by the parties' ouly 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. <br /> PRINCIPAL SURETY <br /> prat o ISignature Date. Surety Signature I]a <br /> Printed`,Na e- Printed Name <br /> Title Title <br /> Name,addresses and telephone of local office/agent,of Surety Company is: <br /> Approved as to form: <br /> Signature <br /> Title Date <br /> DOT Form 272-002A EF <br /> 0812012 . <br /> -11"ti"I'RL•ET To WMS\'D FIZEIC FIT <br /> rnnntnnn t!ifvhnl 'xtFV N <br />
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