Marshbank Construction 5/9/2016 - Laserfiche WebLink

I r PERFORMANCE BOND n-1 to City of Everett,WA Bond No. 023032945 The Cityof Everett, Washington, (City) has awarded to Marshbank Construction,Inc. ,� ' g (Principal), a contract for Ithe construction of the project designated as 41st St. to WMVD, Freight Corridor improvements, Project No.COE 3472; Fed# STPUL-9931(012), in Everett, Washington (Contract), and said Principal is required to furnish a bond for performance of all obligations under the Contract. ' ... The Principal, andLibertyMutual Insurance Company Y (Surety), a corporation organized under the laws of the State of MA and licensed to do business in the State of Washington as surety and named in the current list of "Surety Companies Acceptable in Federal Bonds" as published in the Federal Register by the Audit Staff Bureau of Accounts, U.S. Treasury Dept., are jointly and severally held and firmly bound I to the City of Everett, in the sum of Two Million Seven Hundred Fifty Eight Thousand Seven Hundred Fifty Three and no/100 US Dollars($ 2,758,753.00 )Total Contract Amount, subject to the provisions herein. I This statutory performance bond shall become null and void, if and when the Principal, its heirs, executors, administrators, successors, or assigns shall well and faithfully perform all of the Principal's obligations under the Contract and fulfill all the terms and conditions of all duly authorized modifications, additions, and changes to said Contract that may hereafter be made, at the time and in the manner therein specified; and if such performance Iobligations have not been fulfilled, this bond shall remain in full force and effect. The Surety for value received agrees that no change, extension of time, alteration or addition to the terms of the I ^ "A Contract, the specifications accompanying the Contract, or to the work to be performed under the Contract shall in any way affect its obligation on this bond, and waives notice of any change, extension of time, alteration or addition to the terms of the Contract or the work performed. The Surety agrees that modifications and changes to the terms -- and conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase Ithe obligation of the Surety on this bond and notice to Surety is not required for such increased obligation. This bond may be executed in two (2) original counterparts, and shall be signed by the parties' duly authorized officers. This bond will only be accepted if it is accompanied by a fully executed and original power of attorney for I the officer executing on behalf of the surety. PRINCIPAL Marshb n. onstruction,Inc. SURETY Liberty Mutual Insurance Company I _ --- 1iqI tPGtr. 9f/iii/,' : t Principal Signature Date (SuretySgnature Date MAit Jim S.Kuich I ' - Printed Name Printed Name t o. r Attorney-in-fact Title Titie III Cl L.�i Name, address, and telephone of local office/agent of Surety Company is: HUB Northwest I PO Box 3018,Bothell,WA 98041-3018 (425)489-4500 Approved : SW/Co I .ignature ,:. CrrhiVelV- N`- Title Date arm 272-002A EF __ 08/2012 r,_ W"STREET TO WMVD FREIGHT CORRIDOR IAiPROVEMENTS urn i mua'rorn nnztill t 11.MI/421i/