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PERFORMANCE BOND <br /> to City of Everett,WA <br /> Bond No. CMS0332138 <br /> The City of Everett, Washington, (City) has awarded to Seattle SMSA Limited Partnership d/b/a Verizon Wireless <br /> (Principal), a non-exclusive telecommunications services franchise pursuant to Ordinance 3625-18 (Franchise), and <br /> said Principal is required to furnish a bond for performance of all obligations under the Franchise. <br /> The Principal, and RLI Insurance Company (Surety), a corporation organized under the laws of the State of Illinois <br /> and licensed to do business in the State of Washington as surety and named in the current list of "Surety <br /> Companies Acceptable in Federal Bonds" as published in the Federal Register by the Audit Staff Bureau of <br /> Accounts, U.S. Treasury Dept., are jointly and severally held and firmly bound to the City of Everett, in the sum of <br /> Two Hundred and Fifty Thousand and NO/100 US Dollars ($250,000.00), 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 /> Franchise and fulfill all the terms and conditions of all duly authorized modifications, additions, and changes to said <br /> Franchise 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 /> Franchise or to the work to be performed under the Franchise shall in any way affect its obligation on this bond, and <br /> waives notice of any change, extension of time, alteration or addition to the terms of the Franchise or the work <br /> performed. <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 /> Seattle S, A Limited Partnership d/b/a Verizon RLI Insurance Company (SURETY) <br /> Wireless (P`I C 'AL) <br /> 7 Fede? •.n . . _ .1. 11-6-18 <br /> Principal Sig ure Date Surety Signature Date <br /> Debra C. Schneider <br /> Printed Name Gordon Cook Printed Name <br /> Director- Network Field Engineering Attorney-in-Fact <br /> Title Title <br /> Name, address, and telephone of local office/agent of Surety Company is: <br /> Debra C. Schneider <br /> 701 Market Street, Suite 1100 <br /> St. Louis, MO 63101 <br /> Mayor Cassie Franklin: <br /> Signature Date <br /> A" ST: <br /> r� .I/..J. <br /> City Clerk <br /> Seattle SMSA Limited Partnership 2018 <br /> d/b/a Verizon Wireless AP OVED AS TO F0 <br /> Telecommunications Franchise Page 1 of 1 <br /> E8 D.ILLS,City Attorney <br />