Granite Construction Company 5/1/2018

Bond Nos.: 106895407 Travelers I 82461871 Federal 30038318 Continental I PERFORMANCE BOND to City of Everett,WA Bond No. see above I The City of Everett, Washington, (City) has awarded to Granite Construction Company (Principal), a contract for the construction of the project designated as Hot Mix Asphalt Overlay 2018, Project No.PW 3667, in Everett, I Washington (Contract), and said Principal is required to furnish a bond for performance of all obligations under the Contract. The Principal, and Tilers Casualty and Surety Company of America* (Surety), a corporation organized under the I laws of the State of h�nnertiriit** and licensed to do business in the State of Washington as surety and named in the current list of "Surety Companies Acceptable in Federal Bonds" as published in the Federal Register by the Audit Staff Bureau of Accounts, U.S. Treasury Dept., are jointly and severally held and firmly bound to the City of Everett, in the sum of Three Million Two Hundred Fifty-Two Thousand One Hundred Thirteen Dollars' US Dollars($3252 113 00 )Total Contract Amount, subject to the provisions herein. This statutory performance bond shall become null and void, if and when the Principal, its heirs, executors, I administrators, successors, or assigns shall well and faithfully perform all of the Principal's obligations under the Contract and fulfill all the terms and conditions of all duly authorized modifications, additions, and changes to said Contract that may hereafter be made, at the time and in the manner therein specified; and if such performance I obligations have not been fulfilled, this bond shall remain in full force and effect. The Surety for value received agrees that no change, extension of time, alteration or addition to the terms of the Contract, the specifications accompanying the Contract, or to the work to be performed under the Contract shall in I any way affect its obligation on this bond, and waives notice of any change, extension of time, alteration or addition to the terms of the Contract or the work performed. The Surety agrees that modifications and changes to the terms and conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase the obligation of the Surety on this bond and notice to Surety is not required for such increased obligation. I This bond may be executed in two (2) original counterparts, and shall be signed by the partieC duly authorized officers. This bond will only be accepted if it is accompanied by a fully executed and original power of attorney for I the officer executing on behalf of the surety. PRINCIPAL SU TY Travelers Casualty and Surety Company of Amer;ca* lir I eonstr Company — — By April 24, 2018 By April 24, 2018 I Principal Signature Date Surety Signature Daie Kenneth B. Olson Ashley Stinson 111 Printed Name Printed Name Assistant Secretary Attorney-in-Fact Title Title %tttattSis Name. address, and telephone of local office/agent of Surety Company is: ** f)'°, Alliant Insurance Services, Inc. *Federal Insurance Company 4.y.. n 100 Pine Street, 11th Floor =Z '4 �c1O J The Continental Insurance Company- o;2 San Francisco CA 94111 — Jointly and Severally Liable t' • **Indiana, Pennsylvania, respectively '�� l ve\—v;.� Approved . - • . i � , /i`�IIIQIl� �� ,.lift Mli .O. Signature ........p Ti DOTAT ST. Date I 081 012 Form 272-002A F City Jerk I HOT MIX ASPHALT OVERLAY 2018 Page 6 of 7 MARCH 6,2018 WORK ORDER#PW 3667 DIVISION c Executed in 2 Counterparts I