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<br /> PAYMENT BOND
<br /> Bond No. 106894112
<br /> The City of Everett has awarded to SRV Construction,Inc. (Principal), a contract for the construction of
<br /> the project designated as Water Main Replacement"Q"—Evergreen Way Rebid, Project No.UP3612, in
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<br /> Everett,Washington(Contract), and said Principal is required under the terms of that Contract to furnish a
<br /> payment bond in accord with Title 39.08 Revised Code of Washington (RCW)and (where applicable)60.28 RCW.
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<br /> The Principal, Casualty and Surety Company of America,
<br /> a(Surety), a corporation organized under the
<br /> laws of the State of Connecticut 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 bound to the City of Everett in the sum of One Million Four Hundred Fifty Thousand Five Hundred* US Dollars
<br /> ($1,450,524.96 )Total Contract Amount,subject to the provisions herein.
<br /> *Twenty Four and 96/100ths
<br /> This statutory payment bond shall become null and void, if and when the Principal, its heirs,executors,
<br /> I 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
<br /> I 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 /> brequired 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 i behalf of the s RUCT/O
<br /> 'RI ' ` S 41 o � ction,I roSURETYTravelers Casualty and Surety C ny of America
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<br /> Printed Name: �' 'arendse .• : Printed Name: Roger Kaltenbach
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<br /> Title:Corporate Secretary •• ti1�1••.�• Title:Attorney-in-Fact
<br /> Name, address,and telephone number ofloc)aNO
<br /> o iicce/ agent of Surety is:
<br /> I Parker,Smith&Feek,Inc.
<br /> 2233 112th Avenue NE
<br /> Bellevue,WA 98004
<br /> (425)709-3600
<br /> IPAYMENT BOND APPROVED BY
<br /> CITY OF EVERE , -SHINGTON ATT T: APPROVED AS TO FORM:
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<br /> By: C .._...---5d----- 410)1:111 Q A
<br /> Cassie Franklin, Mayor Sharon Fuller, City Clerk James D. Ile i -
<br /> Date: 7/ //�/ / . /Date: / Date: __r; j .
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<br /> WATER MAIN REPLACEMENT"Q" Division C-CONTRACT February 9,2018
<br /> -Evergreen Way Rebid
<br /> Work Order#UP3612 SP—33
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