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<br /> PAYMENT BOND
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<br /> Bond No. 09280278
<br /> The City of Everett has awarded to Reece Construction Company (Principal), a contract for the construction of
<br /> I the project designated as Water Main Replacement"S", Project No.UP3664, 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.
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<br /> The Principal,and Fidelity and Deposit Company of Maryland ' (Surety), a corporation organized under the
<br /> laws of the State of 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 /> I One Million Eight Hundred Sixty Six Thousand Eight Hundred Five and 49/100—
<br /> bound to the City of Everett in the sum of US Dollars
<br /> ($1,866,805.49 )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,
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<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 /> Ithis 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
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<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 /> Irequired 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 /> Ithe officer executing on behalf of the surety. Signed,Sealed and Dated this 11th Day of April,2018.
<br /> PRINCIPAL Reece Construction Company SURETY Fide' and I-posit C.m.any of Maryland
<br /> By: By: / '
<br /> fl 1��
<br /> Printed Name: r(� w _-, 12-.C.-LC C Printed 1 i e: Julie M.Glover
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<br /> Title: fv.40St(l i V r f- Title: Attorney-in-Fact
<br /> Name, address, and telephone number of local office/agent of Surety is:
<br /> HUB International Northwest,LLC
<br /> IP.O.Box 3018,Bothell,WA 98041-3018
<br /> (425)489-4500
<br /> I PAYMENT BOND APPROVED BY
<br /> CITY OF EVERE HINGTON ATTE . : APPROVED AS TO FORM:
<br /> By: , / / Al 4fiso DJI L/
<br /> I , 70d1 /L
<br /> Date: `6 Date: �Dete:
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<br /> IWATER MAIN REPLACEMENT"S" Division C-CONTRACT January 29,2018
<br /> Work Order#UP3664 SP—33
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