|
, 1
<br /> I City of Everett 006113 - 2
<br /> Phil Johnson Ballfields Renovation
<br /> PERFORMANCE BOND APPROVED
<br /> III BY ATTEST: APPROVED AS TO FORM:
<br /> CITY OF EVERETT, WASHINGTON
<br /> IBy: 11 / 1AL -AltrV
<br /> , Mayor®[o j S aron Fuller, Cly Clerk Ja es I. es i
<br /> it.-
<br /> Date: — Jas I, Date: 2 Date:
<br /> I
<br /> Bond No. SAIFSU0748638 PA ME BO D
<br /> I The City of Everett has awarded to Premier Field Development, Inc. (Principal), a contract for the construction of
<br /> the project designated as Phil Johnson Ballfields Renovation, Project No.2019-054, 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 Principal, and International Fidelity Insurance Company (Surety), a corporation organized under the
<br /> laws of the State of N.J. 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 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 Two Hundred Twenty Four Thousand Three Hundred
<br /> Two and 46/100 US Dollars ($4,224,302.46)Total Contract Amount, including 9.80%WSST, subject to the
<br /> provisions herein.
<br /> I
<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 /> I 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 /> 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, 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 /> I
<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 /> IThis 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 /> IPRINCIPAL Premier Field Development,Inc. SURETY International Fidelity Insurance Company
<br /> ya,.....azz,i,,A. r , ,,x e
<br /> ;... , . __,
<br /> ....-6,1.4_,_
<br /> 111 Printed Name:L h) # nC 5. {disc 4Printed Name: Jim S. Kuich
<br /> Title: �ci'e fay Title: Attorney-in-fact
<br /> Name, address, and telephone number of local office/agent of Surety is: __
<br /> HUB Northwest
<br /> PO Box 3018,Bothell,WA 98041-3018
<br /> (425)489-4500
<br /> 11
<br /> I00 6113 - 2 PERFORMANCE BOND AND PAYMENT BOND
<br />
|