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I <br /> 1 <br /> City of Everett 00 6113- 2 <br /> Evergreen Branch Library Expansion 2017-008 <br /> Bond No. 023208261 <br /> The City of Everett has awarded to Faber Construction Corporation(principal),a contract for the construction of <br /> the project designated as Evergreen branch Library-Expansion, Project No.2017-008, in Everett,Washington <br /> (Contract), and said Principal is required under the terms of that Contract to furnish a payment bond in accord <br /> with Title 39.08 Revised Code of Washington(RCW)and (where applicable)60.28 RCW. <br /> The Ohio Casualty Insurance Company <br /> The Principal, and (Surety), a corporation organized under the <br /> laws of the State of N.H. 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 <br /> bound to the City of Everett in the sum of Four Million Six Hundred Seventy One* US Dollars <br /> ill <br /> ($ 4,671,026.00 )Total Contract Amount,subject to the provisions herein. <br /> *Thousand Twenty Six and no/100 <br /> This statutory payment bond shall become null and void, if and when the Principal,its heirs, executors, <br /> administrators, successors,or assigns shall pay all persons in accordance with RCW Titles 39.08 and 39.12 <br /> ill <br /> including all workers, laborers, mechanics, subcontractors, and material suppliers, and all persons who shall <br /> supply such contractor or subcontractor with provisions and supplies for the carrying on of such work; and if such <br /> payment 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, except as provided herein, and waives notice of any change, extension <br /> of time, alteration or addition to the terms of the Contract or the work performed.The Surety agrees that <br /> 0 <br /> modifications and changes to the terms and conditions of the Contract that increase the total amount to be paid <br /> the Principal shall automatically increase the obligation of the Surety on this bond and notice to Surety is not <br /> 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 ill <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 /> IIPRINCIP Faber Construction Corporation SURETY The Ohio Casualty Insurance Company <br /> L� .L L `-- <br /> 4 <br /> Printed Named Printed Name: <br /> Jim S. Kuich <br /> Title: V lrt�,� Tide: Attorney-in-fact <br /> 111101:1: <br /> Name, address, and telephone number of local office/agent of Surety Is: <br /> HUB Northwest,PO Box 3018,Bothell,WA 98041-3018 <br /> PAYMENT BOND APPROVED BY , <br /> CITY OF EVERE WASHINGTON ATT' .T: APPROVED AS TO FORM: <br /> By: Alle,,O,P-41.— I <br /> i- rr:n in, Mayor • Karon Fu er, 'ty Cler James D : 0, •ttorney <br /> Date: 0 - Date: F -° .- ii <br /> END OF SECTION 00 6113 <br /> I <br /> 00 6113-2 PERFORMANCE BOND AND PAYMENT BOND <br /> T t <br />