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PAYMENT BOND
<br /> Bond No. 106958630
<br /> The City of Everett has awarded to Interwest Construction, Inc.(Principal), a contract for the construction of
<br /> the project designated as Wetmore Ave Stormwater Bypass Project, Project No. UP3704, in Everett,
<br /> Washington(Contract),and said Principal is required under the terms of that Contract to furnish a payment bond
<br /> in accord with Title 39.08 Revised Code of Washington (RCW)and(where applicable)60.28 RCW.
<br /> Travelers Casualty and Surety
<br /> The Principal, and 1'nmrany of A mprica (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 /> bound to the City of Everett in the sum of ** US Dollars
<br /> ($ 681,696.00 )Total Contract Amount,subject to the provisions herein.
<br /> **Six Hundred Eighty-One Thousand Six Hundred Ninety-Six Dollars and No/100
<br /> 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
<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 /> 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
<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
<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.
<br /> This bond may be executed in two(,2)•. i PtfB dry drip/arts, and shall be signed bytheparties'dulyauthorized
<br /> v �$ 9
<br /> officers.This bond will only be ac ' .,it` aq'ed by a fully executed and original power of attorney for
<br /> the officer executing on behalf Sf ' _sdN�rL),Q �,,�ci /,
<br /> PRINCIPAL ,SE's ti R1% PE7 Travelers Casualty and Surety Company of America
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<br /> Interwest Construction,If %,� ��6 1' = �=` d.,_; .- 1,. ,;_,t
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<br /> Printed Name: Eben Twadd`N S',y/ 'TOY- Printed Name: Theresa A.Lamb
<br /> t II�(iq �����`��
<br /> Title: President Title: Attorney-in-Fact
<br /> Name, address, and telephone number of local office/agent of Surety is:
<br /> HUB International NW,LLC
<br /> P.O. Box 3018 Bothell,WA 98041-3018
<br /> (425)489-4500
<br /> PAYMENT BOND APPROVED BY
<br /> CITY OF EVERETT WASHINGTON A EST: ( APPROVED AS TO FORM:
<br /> By. - ki/4/ it c L)
<br /> = 'a"--lin ayor Sharon II C' y Clerk
<br /> ames D. ies Pty fit rney—
<br /> Date: . Date: /r Dat � /
<br /> WETMORE AVE STORMWATER BYPASS Division C-CONTRACT AUGUST,2018
<br /> PROJECT
<br /> Work Order#UP3704 SP—C—5
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