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Section 004313 <br /> Bid Security Form <br /> BID SECURITY <br /> Bidder herewith guarantees its bid by depositing one of the following with its bid/proposal in an <br /> amount of five percent(5%)or more of the bidder's total bid/proposal: <br /> 0 Certified check <br /> ❑ Cashier's check <br /> 1l Bid Bond <br /> Si re <br /> BID BOND <br /> Bond No. N/A <br /> Project:Kasch Park Soccer Fields- <br /> Synthetic Turf Replacement Phase 2 <br /> W.O.#160550 <br /> KNOW ALL MEN BY THESE PRESENTS, <br /> that Premier Field Development,Inc. [Contractor],a <br /> corporation organized under the laws of the State of WA ,and <br /> registered to do business in the State of Washington as a contractor,as Principal, <br /> and International Fidelity Insurance Company [Surety], <br /> a corporation organized under the laws of the State of NJ and <br /> registered to transact business in the State of Washington,as Surety,their heirs, <br /> executors,administrators,successors and assigns,are jointly and severally held <br /> and bound to the City of Everett,Washington,hereinafter called"City",and are <br /> similarly held and bound unto the City in the sum of <br /> Five Percent(5%) of Amount Bidand::.1100's Dollars($ ), <br /> the payment of which,well and truly to be paid,we bind ourselves,our heirs, <br /> executors and successors,jointly and severally,formally by these presents. <br /> NOW, THEREFORE, the condition of this obligation is such that the Surety is <br /> held and bound to the City to pay and forfeit to the City the amount of this bond <br /> as provided herein,upon the conditions contained herein,unless the conditions for <br /> release contained herein are satisfied or expressly waived in a writing signed by <br /> the City Attorney. <br /> Kasch Perk Soccer Fields.Synthetic Turf Replacement Phase 2 I of 3 <br />