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II <br /> City of Everett 00 6113- 1 <br /> Evergreen Branch Library Expansion 2017-008 <br /> tSECTION 00 6113 - PERFORMANCE BOND AND PAYMENT BOND <br /> IPERFORMANCE BOND <br /> l <br /> Bond No.: 023208261 <br /> IThe City of Everett has awarded to Faber Construction Corporation(Principal),a contract for the construction of <br /> Ithe project designated as Evergreen Branch Library-Expansion, Project No.2017-008, in Everett,Washington <br /> I (Contract),and said Principal is required to furnish a bond for performance of all obligations under the Contract. <br /> The Principal, and The Ohio Casualty Insurance Company (Surety),a corporation organized under the <br /> Ilaws of the State of N.H. and licensed to do business in the State of Washington as surety <br /> I ant, 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 Four Million Six Hundred Seventy One* US Dollars <br /> I <br /> ($ 4,671,026.00 )Total Contract Amount, subject to the provisions herein. <br /> *Thousand Twenty Six and no/100 <br /> This statutory performance bond shall become null and void,if and when the Principal, its heirs, executors, <br /> I <br /> administrators, successors,or assigns shall well and faithfully perform all of the Principal's obligations under the <br /> I 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 /> I I 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 <br /> I <br /> I addition to the terms of the Contract or the work performed. The Surety agrees that modifications and changes to <br /> the terms and conditions of the Contract that increase the total amount to be paid the Principal shall automatically <br /> increase the obligation of the Surety on this bond and notice to Surety is not required for such increased <br /> obligation. <br /> II 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 Faber Construction Corporation SURETY The Ohio Casualty Insurance Company <br /> C5t1VL (---- <br /> /<. e,,-c---_ <br /> Printed Namrre: Printed Name: Jim S. Kuich <br /> 11 Title: �l-IcfLJA T- Title: Attorney-in-fact • <br /> Name,address, and telephone number of local office/agent of Suretyis: <br /> 1111 HUB Northwest,PO Box 3018,Bothell,WA 98041-3018 <br /> Il PERFORMANCE BOND'APPROVEDJ <br /> BY ATTEST_ APPROVED AS TO FORM: <br /> CITY OF EVER - ASHINGTON <br /> i By: ..t .v 1 .4 1 w, <br /> Cassr- ra klin, Mayor S aron Full r,C' y I-rk ames D. k i ',tt•is-y <br /> Date: 10 l' Date: l /D `� i <br /> PAY EN BOND <br /> 00 6113- 1 PERFORMANCE BOND AND PAYMENT BOND <br />