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PERFORMANCE BOND
<br /> Bond No.: 09261887
<br /> The City of Everett has awarded to T Bailey,Inc. (Principal), a contract for the construction of the
<br /> project designated as WFP East Clearwell Roof Replacement, Project No. UP3662, in Monroe, 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 (Surety),a corporation organized under the laws of the
<br /> State of Maryland and licensed to do business in the State of Washington as surety and named in the
<br /> current list of"Surety Companies Acceptable in Federal Bonds"as published in the Federal Register by the Audit Staff
<br /> Bureau of Accounts,U.S.Treasury Dept.,are jointly and severally held and firmly bound to the City of Everett, in the sum
<br /> of Three Million Twenty Two Thousand One Hundred Ninety Seven& US Dollars ($ 3,022,197.06 ) Total Contract Amount,
<br /> 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 any
<br /> way affect its obligation on this bond,and waives notice of any change, extension of time, alteration or addition to the
<br /> terms of the Contract or the work performed. The Surety agrees that modifications and changes to the terms and
<br /> conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase the
<br /> 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 officers.
<br /> This bond will only be accepted if it is accompanied by a fully executed and original power of attorney for the officer
<br /> executing on behalf of the surety. Signed,Sealed and Dated this 14th Day of September,2017.
<br /> PRINCIPAL Y SURETY
<br /> T Bailey,Inc.
<br /> y �� ✓ fidelity and Deposit Company of Maryland
<br /> By: I i� vocA ` e 22/c-(/' / h
<br /> Printed Name: A r - £, , Printed Name: Julie M.Glover
<br /> ( ii .� I�A
<br /> Title:� i �� �- r- -6i ,r�C-4— /Title: Attorney-in-Fact
<br /> Name,address,and telephone number of local office/agent of Surety is:
<br /> 1
<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 /> •
<br /> / /�
<br /> By: �. .,.� I� � � '�� _ _ad/J/ice..- _la �.
<br /> Ray rillY an on,r ayor Sharon Full r,City le�rkp/ James D.Ile ,Cit Attorney
<br /> Date: ' Date: / (/�// Date: _
<br /> City of Everett
<br /> Water Filtration Plant Clearwell Roof Replacement DB Project Supplementary Conditions June 20,2017
<br /> Attachment 11.1 Page 4
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