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.. <br /> I <br /> PERFORMANCE BOND <br /> IBond No.: 09280278 <br /> The Cityof Everett has awarded to Reece Construction Company <br /> I <br /> (Principal),a contract for the construction of <br /> the project designated as Water Main Replacement"S", Project No. UP3664 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 (Surety), a corporation organized under the <br /> I 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 bound <br /> to the City of Everett in the sum of One Million Eight Hundred Sixty Six Thousand Eight Hundred Five&49/10tIs Dollars <br /> I ($ 1,866,805.49 )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 /> I 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 /> I 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 /> I 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 /> I 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 11th Day of April,2018 <br /> PRINCIPAL Reece Construction Company SURETY Fjdelity and Deposit Company of Maryland <br /> r <br /> ) ' / _li <br /> Printed Name: el d--Li w <br /> Q CPrinted Name: Julie M.Glover <br /> Title: Y'Y O (I a ti" Title: Attorney-in-Fact <br /> Name, address,and telephone number of local office/agent of Surety is: <br /> I HUB International Northwest,LLC <br /> P.O.Box 3018,Bothell,WA 98041-3018 <br /> (425)489-4500 . <br /> IPERFORMANCE BOND APPROVED <br /> BY ATTES : APPROVED AS TO FORM: <br /> CITY OF EVERESHINGTON <br /> I <br /> By: 4 // II • <br /> / <br /> Cas I Mayor Sharon Fuller, City Clerk James D. I - ity Ai. ;-y <br /> I <br /> Date: 0 Al ',106 Date: Date: <br /> IWATER MAIN REPLACEMENT"S" <br /> Division C-CONTRACT January 29, 2018 <br /> Work Order#UP3664 SF'—35 <br /> I <br /> I <br />