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Z` <br /> PERFORMANCE BOND <br /> Bond No.: 023036648 <br /> l <br /> The City of Everett has awarded to Faber Construction Corporation (Principal), a contract for the construction of <br /> 0 the project designated as WATER MAIN REPLACEMENT"0"- BROADWAY, Project No.UP3612, in Everett, <br /> Washington (Contract), and said Principal is required to furnish a bond for performance of all obligations under the <br /> Contract. <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 <br /> Register by the Audit Staff Bureau of Accounts, U.S. Treasury Dept., are jointly and severally held and firmly bound <br /> 0 to the City of Everett in the sum of One Hundred Seventy Two Thousand Two Hundred Twenty* US Do oilers <br /> ($ 172,228.06 )Total Contract Amount, subject to the provisions herein. Eight and 06/100 <br /> This statutory performance bond shall become null and void, if and when the Principal, its heirs, executors, <br /> ill <br /> administrators, successors, or assigns shall well and faithfully perform all of the Principal's obligations under the <br /> Contract and fulfill all the terms and 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; and if such performance <br /> obligations have not been fulfilled,this bond shall remain in full force and effect. <br /> 1111 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 /> I any way 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 modifications and changes to the terms <br /> and conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase <br /> the obligation of the Surety on this bond and notice to Surety is not required for such increased 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. <br /> IPRINCIPAL SURETY <br /> Faber Construction . oration, The Ohio Casualty Insurance Company <br /> IPrinted Name: Printed Name: �� . ,���c�cc <br /> 1n Or' Jim . uich,Attorney-in-fact <br /> ITitle� e Y l / �J Title: <br /> Name, address, and telephone number of local office/agent of Surety is: _ <br /> I HUB Northwest <br /> PO Box 3018,Bothell,WA 98041-3018 <br /> (425)489-4500 <br /> IPERFORMANCE BOND APPROVED <br /> BY CITY OF EVERETT, ATTEST: APPROVED AS TO FORM: <br /> IWASHINGTON <br /> By: Sharon Fuller, City Clerk James D. Iles, City Attorney <br /> I Ray Stephanson, Mayor Date: Date: <br /> Date: <br /> I Water Main Replacement"Q" Division C—CONTRACT July 8,2016 <br /> -Broadway <br /> WO No.—UP3612 SP-33 <br />