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PERFORMANCE BOND <br /> Bond No: S001-3244 Premium: $16,612.00 <br /> The City of Everett has awarded to Karl Needham Enterprises, Inc.(Principal), a contract for the construction of <br /> the project designated as 2016 Biosolids Disposal, Project No. WO 2600-4-1, in Everett Washington(Contract), <br /> and said Principal is required to furnish a bond for performance of all obligations under the Contract. <br /> Allied World Specialty Insurance Company <br /> The Principal,and (Surety), a corporation organized under the <br /> laws of the State of Delaware 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 Six Hundred Sixty Four Thousand Four Hundred" us Dollars <br /> ($664,492.92 )Total Contract Amount, subject to the provisions herein. <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)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 /> PRINCIPAL SURETY <br /> Karl Needham Ente rises, I . • World Specialty Ins ranee Company <br /> ..- 0,---- - David Mahler on April 22, 2016 <br /> Printed Nam : ' Printed Name: <br /> Nee. Ai.) <br /> Attorney-In-Fact <br /> Title: $e ei-leiy 1 7/e-etS Le r-er- Title: <br /> Name, address, and telephone number of local office/agent of Surety is: <br /> Direct Surety Insurance Sales <br /> 1065 E. Hillsdale Blvd. #230,Foster City, CA 94404 <br /> (650)274-0194 <br /> PERFORMANCE BOND APPROVED <br /> BY ATTEST: APPROVED AS TO FORM: <br /> CITY OF EVERET I,WASHINGTON <br /> BY <br /> L.' 1A. • Ii A.ZI# • <br /> ...dati i'.T. __I — ..4../44. Ilariza," "6 _,41111gawar...--- .,_ <br /> ref St ha •en, Mayor aron FullerA <br /> , City Clerk James D. Ile . Ci ttorney <br /> Date: le /12_ <br /> cir <br /> Date: ________ _ 9- -. LAG' /( <br /> *Ninety Two and 00/100ths <br /> 2016 Biosolids Disposal Division C-CONTRACT March 1,2016 <br /> Work Order#UP 2600-4-1 C-7 <br /> Provided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www_bxwa.com - Always Verify Scale <br />