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E _ . 1 <br /> i <br /> 1 <br /> 'o <br /> i <br /> t <br /> PAYMENT BOND jt <br /> Bond No. 023036648 „1 <br /> il <br /> The City of Everett has awarded to Faber Construction Corporation (Principal), a contract for the construction of it <br /> 1 the project designated as WATER MAIN REPLACEMENT"Q" -BROADWAY, Project No.UP3612, in Everett, ii <br /> Washington (Contract), and said Principal is required under the terms of that Contract to furnish a payment bond in <br /> accord with Title 39.08 Revised Code of Washington (RCW) and (where applicable)60.28 RCW. ll <br /> The Principal, and The Ohio Casualty Insurance Company (Surety), a corporation organized under the <br /> laws of the State of N.H. 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 !1 <br /> Register by the Audit Staff Bureau of Accounts, U.S. Treasury Dept., are jointly and severally held and firmly bound Ili <br /> to the City of Everett in the sum Of One Hundred Seventy two Thousand Two Hundred Twenty Eight and 06/10vS Dollars ,iilll <br /> ($ 172,228.06 ) Total Contract Amount, subject to the provisions herein. ,i{ <br /> 4 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 39.12L <br /> including all workers, laborers, mechanics, subcontractors, and material suppliers, and all persons who shall supply <br /> 4 such contractor or subcontractor with provisions and supplies for the carrying on of such work; and if such payment <br /> obligations have not been fulfilled, this bond shall remain in full force and effect. <br /> The Surety for value received agrees that no change, extension of time, alteration or addition to the terms of the <br /> 4 Contract,the specifications accompanying the Contract, or to the work to be performed under the Contract shall in 1 <br /> any way affect its obligation on this bond, except as provided herein, and waives notice of any change, extension of ;; <br /> time, alteration or addition to the terms of the Contract or the work performed.The Surety agrees that modifications II <br /> and changes to the terms and conditions of the Contract that increase the total amount to be paid the Principal shall it <br /> Iautomatically increase the obligation of the Surety on this bond and notice to Surety is not required for such <br /> increased obligation. <br /> This bond may be executed in two (2)original counterparts, and shall be signed by the parties' duly authorized <br /> II 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 /> I PRINCIPAL SURETY ii <br /> ii <br /> Faber Constructio rporati•n The Ohio Casualty Insurance Company <br /> t1 i <br /> I <br /> Printed Name: i. Printed Name: • 4 A /(1. -G�'- I.i <br /> / Jim S. ,Attorney-in-fact `i <br /> Title' Je 4 b6r yr Title: <br /> I Name, address, and telephone number of local office/agent of Surety is: <br /> ii <br /> HUB Northwest <br /> I PO Box 3018,Bothell,WA 98041-3018 <br /> (425)489-4500 <br /> I PAYMENT BOND APPROVED BY <br /> CITY OF EVERETT,WASHINGTON ATTEST: APPROVED AS TO FORM: !t <br /> I By: <br /> Ray Stephanson, Mayor Sharon Fuller, City Clerk James D. Iles, City Attorney <br /> i. <br /> Date: Date: Date: <br /> Water Main Replacement"Q" Division C—CONTRACT July 8, 2016 <br /> I -Broadway <br /> WO No.—UP3612 SP -31 <br />