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<br /> PAYMENT BOND
<br /> 1 Bond No. 107000173
<br /> IThe City of Everett has awarded to Interwest Construction,Inc. (Principal), a contract for the construction of
<br /> the project designated as Cleveland Avenue Sewer System Replacement and Storm Water Separation, Project
<br /> No. UP3398,in Everett,Washington(Contract), and said Principal is required under the terms of that Contract to
<br /> furnish a payment bond in accord with Title 39.08 Revised Code of Washington(RCW)and(where applicable)
<br /> 60.28 RCW.I Travelers Casualty and Surety
<br /> The Principal,and Company of America (Surety),a corporation organized under the
<br /> laws of the State of Connecticut 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 /> I Register by the Audit Staff Bureau of Accoun**ts, U.S.Treasury Dept., are jointly and severally held and firmly
<br /> bound to the City of Everett in the sum of US Dollars
<br /> ($ 6,016,496.54 ' ' )Total Contract Amount,subject to the provisions herein.
<br /> **Six Million Sixteen Thousand Four Hundred Ninety-Six Dollars and 54/100
<br /> IThis 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 /> 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 shall
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<br /> pay the taxes,fees, and penalties incurred on the project; and if such payment obligations have not been fulfilled,
<br /> 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 /> I 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 /> modifications and changes to the terms and conditions of the Contract that increase the total amount to be paid
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<br /> the Principal shall automatically increase the obligation of the Surety on this bond and notice to Surety is not
<br /> requiredfor such increased obligation.
<br /> This bond may be executed in two(2)original counterparts,and shall be signed by the parties'duly authorized
<br /> ��„\\‘‘ jc rs.This bond will only be accepted if it is accompanied by a fully executed and original power of attorney for
<br /> g�,"
<br /> I � CflN ^�j execute on behalf of the surety.
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<br /> O l Ai SURETY
<br /> -`����' P �+'��' '�, ���_. Travelers Casual and SuretyCompany of America
<br /> • Casualty P Y
<br /> 1,14*em rGonstruction Inc.
<br /> s
<br /> % ''/,, SE`P to Name: ow`o� ,b Printed Name: Theresa A. Lamb
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<br /> 1 �' 1''"""`1 V e c a (art-5;,1 a_v' L Title: Attorney-in-Fact
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<br /> /1'i'ii�'SI f'! 'Name,address,and telephone number of local office/agent of Surety is:
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<br /> HUB International Northwest
<br /> P. 0.Box 3018
<br /> Bothell,WA 98041-3018
<br /> IPAYMENT BOND APPROVED BY
<br /> CITY OF EV..j..4;oriaw SHINGTON ATT ST: APPROVED AS TO FORM:
<br /> By: / 'i/k.ir.t.le ,
<br /> .446„ ., 11• 4, ,,,
<br /> Ca e.Franklin, Mayor heron F I r,Cit Clerk James D.Ile orney
<br /> I Date: '2 /.6/i Date: I_ . -�i �
<br /> Cleveland Avenue Division C—CONTRACT November 2018
<br /> Sewer System Replacement and
<br /> Storm Water Separation
<br /> IWO No.UP3398 SP-55
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