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<br />Page 37 of 43 <br />PERFORMANCE BOND <br /> <br />Bond No.: ________________ <br /> <br />The City of Everett has awarded to __________________________ (Principal), a contract for the construction of the project <br />designated as Unit Price HVAC Services and Repairs, Bid No. 2022-047, in Everett, Washington (Contract), and said Principal is <br />required to furnish a bond for performance of all obligations under the Contract. <br /> <br />The Principal, and ______________________________________ (Surety), a corporation organized under the laws of the State of <br />______________________ and licensed to do business in the State of Washington as surety and named in the current list of “Surety <br />Companies Acceptable in Federal Bonds” as published in the Federal Register by the Audit Staff Bureau of Accounts, U.S. Treas ury <br />Dept., are jointly and severally held and firmly bound to the City of Everett in the sum of <br />_______________________________________ US Dollars ($________________________), which is the Required Bond Amount, <br />subject to the provisions herein. <br /> <br />This statutory performance bond shall become null and void, if and when the Principal, its heirs, executors, administrators, <br />successors, or assigns shall well and faithfully perform all of the Principal’s obligations under the Contract and fulfill al l the terms and <br />conditions of all duly authorized modifications, additions, and changes to said Contract that may hereafter be made, at the t ime and <br />in the manner therein specified; and if such performance obligations have not been fulfilled, this bond shall rem ain in full force and <br />effect. <br /> <br />The Surety for value received agrees that no change, extension of time, alteration or addition to the terms of the Contract, the <br />specifications accompanying the Contract, or to the work to be performed under the Contract sha ll in any way affect its obligation <br />on this bond, and waives notice of any change, extension of time, alteration or addition to the terms of the Contract or the work <br />performed. The Surety agrees that modifications and changes to the terms and conditions of the Contract that increase the total <br />amount to be paid the Principal shall automatically increase the obligation of the Surety on this bond and notice to Surety i s not <br />required for such increased obligation. <br /> <br />This bond may be executed in two (2) original counterparts, and shall be signed by the parties’ duly authorized officers. This bond <br />will only be accepted if it is accompanied by a fully executed and original power of attorney for the officer executing on be half of the <br />surety. <br /> <br />PRINCIPAL <br /> <br />SURETY <br />_______________________________________ <br /> <br />_______________________________________ <br /> <br />Printed Name: ___________________________ <br /> <br />Printed Name: ___________________________ <br /> <br />Title: __________________________________ <br /> <br />Title: __________________________________ <br /> <br />Name, address, and telephone number of local office/agent of Surety is: <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />PERFORMANCE BOND APPROVED BY <br />CITY OF EVERETT, WASHINGTON <br /> <br /> <br />By: ____________________________ <br />Cassie Franklin, Mayor <br />Date: _________________ <br /> <br />ATTEST: <br /> <br /> <br />_________________________ <br />City Clerk <br />Date: ______________ <br /> <br />APPROVED AS TO FORM: <br /> <br /> <br />___________________________ <br />City Attorney <br />Date: _______________ <br /> <br />