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<br /> PUBLIC WORKS PAYMENT BOND
<br /> r to City of Everett,WA
<br /> Bond No. 023032945
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<br /> } The City of Everett, Washington, (City) has awarded to Marshbank Construction,Inc. (Principal), a contract for
<br /> i ``` the construction of the project designated as 41st St. to WMVD, Freight Corridor Improvements, Project
<br /> INo.COE 3472; Fed#STPUL-9931(012), in Everett, Washington (Contract), and said Principal is required under the
<br /> terms of that Contract to furnish a payment bond in accord with Title 39.08 Revised Code of Washington (RCW)
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<br /> } and (where applicable) 60.28 RCW.
<br /> ' The Principal, and Liberty Mutual Insurance Company (Surety), a corporation organized under the
<br /> laws of the State of MA 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
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<br /> Register by the Audit Staff Bureau of Accounts, U.S. Treasury Dept., are jointly and severally held and firmly bound
<br /> to the City of Everett, in the sum of Two Million Seven Hundred Fifty Eight Thousand Seven Hundred Fifty Three and no/100
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<br /> US Dollars ($ 2,758,753.00 )Total Contract Amount, subject to the provisions herein.
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<br /> 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 39.12
<br /> including all workers, laborers, mechanics, subcontractors, and material suppliers, and all persons who shall supply
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<br /> such contractor or subcontractor with provisions and supplies for the carrying on of such work and shall pay the
<br /> taxes, increases, and penalties incurred on the project; and if such payment obligations have not been fulfilled, this
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<br /> bond shall remain in full force and effect.
<br /> I ._., 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, 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
<br /> and changes to the terms and conditions of the Contract that increase the total amount to be paid the Principal shall
<br /> automatically 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 /> ' 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 ars, Construction,Inc. SURE Liberty Mutual Insurance Company
<br /> 4 - —= OVAIPrincipal Signature D1at e Su gnature
<br /> HfrKit5Ttlit Jim S.Kutch
<br /> IE ' Printed Name Printed Name
<br /> 9 1 OL'z' Attorney-in-fact
<br /> Title Title
<br /> IName, address, and telephone of local office/agent of Surety Company is:
<br /> HUB Northwest
<br /> PO Box 3018,Bothell,WA 98041-3018 (425)489-4500
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<br /> Approved sii f .:
<br /> Ag/J[L A !• l 4 afAi. S
<br /> I S'.nature ''--s% Date
<br /> I -III STREET TO 1V,\1VD FREIGHT
<br /> CORRIDOR IMPROVEMENTS
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