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f __J <br /> ,ii <br /> Ii <br /> PERFORMANCE BOND <br /> Bond No.: 023039837 ' <br /> I The City of Everett has awarded to Faber Construction Corporation <br /> j(Principal), a contract for the construction of <br /> the project designated as Sewer Regulators R4 and R39 Modifications, Project No.UP3633, in Everett, , <br /> Washington (Contract), and said Principal is required to furnish a bond for performance of all obligations under the <br /> I Contract. l <br /> The Ohio Casualty Insurance Company i Ij <br /> The Principal, and (Surety),a corporation organized under the it <br /> laws of the State of N.H. and licensed to do business in the State of Washington as surety <br /> I and named in the current list of"Surety Companies Acceptable in Federal Bonds"as published in the Federal <br /> 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 One Million Ninety Eight Thousand One Hundred"t)S Dollars <br /> I ($ 1,098,104.63 )Total Contract Amount, subject to the provisions herein. <br /> Four and 63/100 <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 '1 <br /> I Contract and fulfill all the terms and conditions of all duly authorized modifications, additions, and changes to saidI. <br /> Contract that may hereafter be made, at the time and in the manner therein specified; and if such performance i <br /> obligations have not been fulfilled,this bond shall remain in full force and effect. I <br /> IThe Surety for value received agrees that no change, extension of time,alteration or addition to the terms of the ,I <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 /> ,�I <br /> and conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase 11 <br /> • <br /> the obligation of the Surety on this bond and notice to Surety is not required for such increased obligation. II' <br /> 0 This bond may be executed in two(2)original counterparts, and shall be signed by the parties' duly authorized <br /> officers.This bond will onlybe accepted if it is accompanied bya fullyexecuted and original power of attorney for <br /> P P <br /> the officer executing on behalf of the surety. ' <br /> 1 <br /> PRINC L •b: Construction Corporation SURE The Ohio Casualty Insurance Company ' I <br /> 1 <br /> to <br /> II Printed lame: 130/1 C:ave be Printed Name: Jim S.Kuich <br /> ' I" <br /> ^/. e I <br /> 0 Title: \{ I Ce-etjt c01.4,44- Title: Attorney-in-fact <br /> Name, address, and telephone number of local office/agent of Surety is: �' <br /> I HUB Northwest <br /> PO Box 3018,Bothell,WA 98041-3018 ,l: <br /> (425)489-4500 1 <br /> IPERFORMANCE BOND APPROVED ll <br /> BY ATTE T: APPROVED AS TO FORM: , C <br /> ICITY OF EVERETT,WASHINGTON <br /> BY: ki <br /> i I ) :. i;to...A •.—...-4 b..A. / . el �w <br /> • <br /> Ia I. ephan .n, Mayor Sharon Ilerity�lerk James D. I iiiforDate: Date: I <br /> 4j <br /> I l <br /> Sewer Regulators R4 and Division C-CONTRACT May 2017 <br /> R39 Modifications <br /> p <br /> 4 Work Order#UP3633 SP-39 1, <br />