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<br /> IPAYMENT BOND
<br /> tBond No. B-1220349
<br /> The City of Everett has awarded to Thomco Construction,Inc. (Principal), a contract for the construction of
<br /> Ithe project designated as North Wetmore Stormwater Separation, Project No. 3659, in Everett, Washington
<br /> (Contract), and said Principal is required under the terms of that Contract to furnish a payment bond in accord
<br /> with Title 39.08 Revised Code of Washington (RCW)and (where applicable)60.28 RCW.
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<br /> The Principal, and The Cincinnati Insurance Company (Surety), a corporation organized under the
<br /> laws of the State of Ohio 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 Account!s, U S. Tre u Dent. re jointly and severally held and firmly
<br /> bound to the City of Everett in the sum of h san" eVenTiundce eiQhtyei and 65/100 US Dollars
<br /> I ($3,395,788.65 )Total Contract Amount, subject to the provisions herein.
<br /> This statutory payment bond shall become null and void, if and when the Principal, its heirs, executors,
<br /> Iadministrators, 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
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<br /> pay the taxes, fees, and penalties incurred on the project;and if such payment obligations have not been fulfilled,
<br /> this 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
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<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
<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
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<br /> the Principal shall automatically increase the obligation of the Surety on this bond and notice to Surety is not
<br /> required for such increased obligation.
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<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 on behalf of the surety.
<br /> PRINC L
<br /> I SUR
<br /> Printed Name: _>t t r , at .r. SEAL, j Inted Name: Patti White
<br /> Title: J(Li f• e,St
<br /> y � ,.• Me: Attorney-in-Fact _
<br /> 1 Name, address, and telephone number of local office/agent of Surety is:
<br /> HUB International Northwest,LLC
<br /> PO Box 3018,Bothell,WA 98041-3018
<br /> I425-489-4500
<br /> PAYMENT BOND APPROVED BY
<br /> ICITY OF EVE; - " WASHINGTON ATT .T: APPROVED AS TO FORM:
<br /> B : '
<br /> Cassi Fran lin, ayor S anon Full Ci Clerkc4:--Noct
<br /> D. lies ,
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<br /> Date: Date: / ,
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<br /> North Wetmore Stormwater Separation February,2018
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<br /> Work Order-UP3659 Division C-CONTRACT
<br /> SP-39
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