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1 . <br /> I <br /> PERFORMANCE BOND <br /> Bond No.: 106894112 <br /> The City of Everett has awarded to SRV Construction,Inc. (Principal), a contract for the construction of <br /> I the project designated as Water Main Replacement"Q"-Evergreen Way Rebid, Project No. UP3612 in <br /> Everett,Washington(Contract), and said Principal is required to furnish a bond for performance of all obligations <br /> under the Contract <br /> The Principal, andTravelers Casualty and Surety Company of America(Surety) a corporation organized under the <br /> , <br /> I 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 bound <br /> Ito the City of Everett in the sum of One Million Four Hundred Fifty Thousand Five* US Dollars <br /> ($1,450,524.96 )Total Contract Amount, subject to the provisions herein. <br /> *Hundred Twenty Four and 96/100ths <br /> This statutory performance bond shall become null and void, if and when the Principal, its heirs, executors, <br /> I 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 /> IThe 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 /> I to the terms of the Contract or the work performed. The Surety agrees that modifications and changes to the terms <br /> 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 /> b 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 on behalf of the surety. <br /> I ' <br /> PRINi ALS'' l`\nstruction,In.. O\45(RUCT/O�/�SURETY Travelers Casualty and Surety Company America <br /> ‘1.. 4.°64.• 4• - • ,TL.-' • <br /> c"):I <br /> Printed Name: "" 'L- •arendse ; - 1 •:Printed Name:Roger Kaltenbach 1� <br /> Title:Corporate Secretary 11 Title: Attorney-in-Fact <br /> I ' .• <br /> Name, address, and telephone number otaocal off iccent of Surety is: <br /> Parker,Smith&Feek,Inc. ik1SHINO <br /> 2233 112th Avenue NE <br /> I Bellevue,WA 98004 <br /> (425)709-3600 <br /> PERFORMANCE BOND APPROVED <br /> I BY ATTEST: APPROVED AS TO FORM: <br /> CITY OF EVERETT,WASHINGTON <br /> • <br /> By: al 42111111249 r . V <br /> I <br /> Cassie Frank in, Mayor Sharon Fuller,City Jerk James D. I es, 44 * t. -ey <br /> Date: , Date: / Date: ljtAtivg <br /> i <br /> I <br /> fpWATER MAIN REPLACEMENT"Q" Division C-CONTRACT February 9,2018 <br /> -Evergreen Way Rebid <br /> Work Order#UP3612 SP-35 <br /> i <br />