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PERFORMANCE BOND <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 to furnish a bond for performance of all obligations under the Contract. <br /> The Principal, and Fidelity and Deposit Company of Maryland <br /> (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. areio ttly and severally held and firmly bound <br /> to the City of Everett in the sum of°eee''a d R/100 undyed Eighty Two ousan our un re US Dollars <br /> ($1,382,407.59 )Total Contract Amount, subject to the provisions herein. <br /> This statutory performance bond shall become null and void, if and when the Principal, its heirs, executors, <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 /> 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, 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. Signed,Sealed and Dated this 5th Day of May,2017. <br /> PRINCIPAL Reece Construction Comp SURETY Fidelit d Deposit Company of Maryland <br /> By: • <br /> By: <br /> Printed Name: f lam✓' �1 A L( Printed Name: Julie M.Clover <br /> Title: ✓ A `� 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 /> PERFORMANCE BOND APPROVED <br /> BY ATTE T: APPROVED AS TO FORM: <br /> CITY OF EVERETT, WASHINGTON <br /> Ste h.• on, Mayor aron Fuller, City Clerk James D. Iles, City ttorney <br /> Date: A' A / 1, Date: Date: 5. <br /> WATER MAIN REPLACEMENT"R" Division C-CONTRACT March 1,2017 <br /> Work Order#UP3646 SP—31 <br />