|
I.
<br /> Bond Nos.: 106895407 Travelers
<br /> 82461871 Federal
<br /> I
<br /> 30038318 Continental
<br /> PUBLIC WORKS PAYMENT BOND
<br /> to City of Everett, WA
<br /> I
<br /> Bond No. above
<br /> The City of Everett, Washington, (City) has awarded to Granite Construction Company (Principal), a contract for
<br /> the construction of the project designated as Hot Mix Asphalt Overlay 2018, Project No.PW 3667, in Everett,
<br /> I Washington (Contract), and said Principal is required under the terms of that Contract to furnish a payment bond in
<br /> accord with Title 39.08 Revised Code of Washington (RCW) and (where applicable)60.28 RCW.
<br /> The Principal, and Travelers Casualty and Surety Company of America* (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 bound
<br /> I to the City of Everett, in the sum of Three Million Two Hundred Fifty-Two Thousand One Hundred Thirteen Dollars
<br /> US Dollars ($3.252.113.00 )Total Contract Amount, subject to the provisions herein.
<br /> I This statutory payment bond shall become null and void, if and when the Principal, its heirs, executors,
<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 supply
<br /> such contractor or subcontractor with provisions and supplies for the carrying on of such work and shall pay the
<br /> I taxes, increases, and penalties incurred on the project; and if such payment obligations have not been fulfilled, this
<br /> 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, except as provided herein, and waives notice of any change. extension of
<br /> time, alteration or addition to the terms of the Contract or the work performed. The Surety agrees that modifications
<br /> I and changes to the terms and conditions of the Contract that increase the total amount to be paid the Principal shall
<br /> automatically increase the obligation of the Surety on this bond and notice to Surety is not required for such
<br /> increased obligation.
<br /> IThis bond may be executed in two (2) original counterparts, and shall be signed r.,y the parties' duly authorized
<br /> officers. This bond will only be accepted if it is accompanied by a fully executed acid origmal_ppwer of attorney for
<br /> the officer executing on behalf of the surety.
<br /> IPRINCIPAL Granite nstruction Company SURETY Travelers Casualty and Surety Company of America*
<br /> By April 24, 2018 By April 24, 2018
<br /> IPrincipal Signature Date Surety Signature Date
<br /> Kenneth B. Olson Ashley Stinson
<br /> Printed Name Printed Name
<br /> IAssistant Secretary Attorney-in-Fact
<br /> Title Title
<br /> IName, address, and telephone of local office/agent of Surety Company is:
<br /> Alliant Insurance Services, Inc. *Federal Insurance Company %%\ Ni 4c '/I,
<br /> 100 Pine Street, 11th Floor The Continental Insurance Company z.:q ,*�`Napy;*,,C'%
<br /> San Francisca CA 94111 Jointly and Severally Liable �i tt8t �•
<br /> .. **Indiana, Pennsylvania, respectively =U• 7 ` tier ;z
<br /> Approved . - �'"�
<br /> Signature Tit1'e D.
<br /> • �e.,—,// iSN`.‘
<br /> AT ST:
<br /> HOT
<br /> WORKIORDER#PW 366X ASPHALT 7 City
<br /> 2018 Page 7 of 7 City Clerk MARCH 6,2018
<br /> I DIVISION C
<br /> Executed in 2 Counterparts
<br />
|