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f <br /> • 4• <br /> PERFORMANCE BOND <br /> Bond No.: 023208222 <br /> The City of Everett has awarded to FORMA CONSTRUCTION (Principal), a contract for the construction of the <br /> project designated as Job Order Contracting for General Construction Services (Contract), and said Principal is <br /> required to furnish a bond for performance of all obligations under the Contract. <br /> The Principal,and Liberty Mutual Insurance Company (Surety), a corporation organized under the laws of <br /> the State of Massachusetts and licensed to do business in the State of Washington as surety and named <br /> in the current list of"Surety Companies Acceptable in Federal Bonds" as published in the Federal Register by the Audit <br /> Staff Bureau of Accounts, U.S. Treasury Dept., are jointly and severally held and firmly bound to the City of Everett in <br /> the sum of Three Million and 00/100 US Dollars($3,000,000.00), 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 any <br /> way affect its obligation on this bond, and waives notice of any change, extension of time, alteration or addition to the <br /> terms of the Contract or the work performed. The Surety agrees that modifications and changes to the terms and <br /> conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase the <br /> 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 officers. <br /> This bond will only be accepted if it is accompanied by a fully executed and original power of attorney for the officer <br /> executing on behalf of the surety. <br /> PRINCIPAL ,SURE Y L.•erty • jsur-n - Co .•-ny <br /> • <br /> FORMA CONSTRUCT' ' �'� 0 <br /> .14 / <br /> Printed Name: DACE MUNSON Printed Name: Carl-y Espiritu <br /> Tit!e. PRINCIPAL COO Title: Attorney-in-Fact <br /> Name, address, and telephone number of local office/agent of Surety is: <br /> Propel Insurance <br /> P.O. Box 2940, Tacoma, WA 98401-2940 <br /> (253)759-2200 <br /> PERFORMANCE BOND APPROVED <br /> BY CITY OF EVERE = HINGTON <br /> r ATTE T APPROVED AS TO FORM <br /> 410111... <br /> By: <br /> /�.� ._j <br /> _I <br /> Cassie Franklin Mayor Sharon Ful er Cit C erk ames D. Iles it <br /> Date: I /2-0/1l Sr Date: t'/ �)t a e: y <br />