|
•
<br /> Bond No. 09250814
<br /> The City of Everett has awarded to Reece Construction Company (Principal),a contract for the construction of
<br /> the project designated as Water Main Replacement"R", Project No.UP3646, in Everett,Washington(Contract),
<br /> and said Principal is required under the terms of that Contract to furnish a payment bond in accord with Title
<br /> 39.08 Revised Code of Washington (RCW)and(where applicable)60.28 RCW.
<br /> The Principal, and Fidelity and Deposit Company of Maryland (Surety), a corporation organized under the
<br /> laws of the State of Maryland 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
<br /> bound to the City of Everett in the sum of One Million Three Hundred Eighty Two Thousand Four Hundred Seven and 59/100— US Dollars
<br /> ($ 1,382,407.59 )Total Contract Amount, subject to the provisions herein.
<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
<br /> supply such contractor or subcontractor with provisions and supplies for the carrying on of such work, and shall
<br /> pay the taxes, fees, and penalties incurred on the project; and if such payment obligations have not been fulfilled,
<br /> 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 /> Contract, the specifications accompanying the Contract, or to the work to be performed under the Contract shall in
<br /> any way affect its obligation on this bond, except as provided herein,and waives notice of any change, extension
<br /> of time, alteration or addition to the terms of the Contract or the work performed.The Surety agrees that
<br /> modifications and changes to the terms and conditions of the Contract that increase the total amount to be paid
<br /> the Principal shall automatically increase the obligation of the Surety on this bond and notice to Surety is not
<br /> 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. Signed,Sealed and Dated this 5th Day of May,2017.
<br /> PRINCIPAL Reece Construction Compan SURETYFidelity and Depos' Company of Maryland
<br /> By: ------ Sf
<br /> Printed Name: V1 Printed Name: Julie M.Glover
<br /> Title: IVIS I Lie ..' Title: Attorney-in-Fact
<br /> Name, address, and telephone number of local office/agent of Surety is:
<br /> HUB International Northwest,LLC
<br /> P.O.Box 3018,Bothell,WA 98041-3018
<br /> (425)489-4500
<br /> PAYMENT BOND APPROVED BY
<br /> CITY OF EVERETT, WASHINGTON ATT APPROVED AS TO FORM:
<br /> / _ /40F (---
<br /> '-I.t-pns,n, Mayor Sharon Fulle, i y C erk James D. Iles it
<br /> Date: 1 I�jQj'� Date: S-,-4- / Date: S. f' y tto mey
<br /> WATER MAIN REPLACEMENT"R" Division C-CONTRACT March 1,2017
<br /> Work Order#UP3646 SP—29
<br />
|