|
PERFORMANCE 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,Washington
<br /> (Contract), and said Principal is required to furnish a bond for performance of all obligations under the Contract.
<br /> Travelers Casualty and Surety
<br /> The Principal,and Company 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 bound
<br /> 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 performance bond shall become null and void, if and when the Principal, its heirs, executors,
<br /> 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 /> 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, and waives notice of any change, extension of time, alteration or addition
<br /> 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 /> This bond may be executed in two(2 .0i ' aqs,and shall be signed by the parties'duly authorized
<br /> officers.This bond will only be acce tt;, lp iV by a fully executed and original power of attorney for
<br /> the officer executing on behalf of t, a Lele& O,Sj',,, fp'�,
<br /> /�� Travelers Casualty and Surety Company of America
<br /> PRINCIPAL .. .,./,/ - , s els
<br /> F% � '�' �' �t,ETY ,
<br /> 5 E
<br /> Interwest Construction,In , _'',, 70�L 4/(1/fie'—
<br /> ,, Com{ Aj,\..._
<br /> i
<br /> Printed Name: Eben Twaddlf ,y :.0�4 ,rinted Name: Theresa A.Lamb
<br /> ,t
<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 /> PERFORMANCE BOND APPROVED
<br /> BY ATTEST: APPROVED AS TO FORM:
<br /> CITY OF EVERETT ►ASHINGTON
<br /> By: AO - 1/ / L_ il y` <� L1
<br /> as ie r in, Mayor Sharon F le , Cit Clerk 'James D.�s, t °'omey
<br /> •
<br /> Date: Date: y.f �'D`/ Dam— 1 ,
<br /> WETMORE AVE STORMWATER BYPASS Division C-CONTRACT AUGUST,2018
<br /> PROJECT
<br /> Work Order#UP3704 SP-C-7
<br />
|