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PERFORMANCE BOND <br />Bond No.: 2350464 <br />The City of Everett has awarded to R.L. Alia Company (Principal), a contract for the construction of <br />the project designated as Beverly Lake Water Quality Retrofit, Project No. UP3745, in Everett, Washington <br />(Contract), and said Principal is required to furnish a bond for performance of all obligations under the Contract. <br />The Principal, andSwiss Re Corporate Solutions America Insurance Corporatior(Surety), a corporation organized under the <br />laws of the State of Missouri 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 bound <br />to the City of Everett in the sum of One Million One Hundred Seveny Five Thousand Fifteen Dollars and 00/100 US Dollars <br />($ 1,175,015.00 ), which is the Contract Sum, 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 />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 />The Surety agrees to indemnify, defend., and protect the City of Everett against any claim of direct or indirect loss <br />resulting from the failure of the Principal, its heirs, executors, administrators, successors, or assigns (or any of the <br />employees, subcontractors, or lower tier subcontractors of the Principal) to faithfully perform the Contract. <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, and waives notice of any change, extension of time, alteration or addition <br />to the terms of the Contract or the work performed. The Surety agrees that modifications and changes to the terms <br />and conditions of the Contract that increase the total amount to be paid the Principal shall automatically increase <br />the obligation of the Surety on this bond and notice to Surety is not 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 <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. The Surety agrees to be bound by the laws of the state of Washington <br />and subjected to the jurisdiction of the state of Washington. <br />PRINCIPAL R.L. AI/Company <br />Printed Name: V t-ro 4L./A <br />Title: PRESIDENT <br />SURETY Swiss Re Corporate Solutions America Insurance Corporation <br />�fip744 - r�iGi <br />Printed Name: Deanna M. French <br />Title: Attorney -in -Fact <br />STANDARD BOND FORM <br />OFFICE OF THE CITYATTORNEY <br />APPROVED AS TO FORM <br />APPROVED AS TO CITY CHARTER § 9.1 <br />Local Office/ Agent of Surety: <br />Name: Parker, Smith & Feek <br />Address: 2233 112th Ave. NE, Bellevue, WA 98004 <br />Phone Number: 425-709-3600 <br />Email: _psfsurety@psfinc.com <br />Beverly Lake Water Quality Retrofit Division C - CONTRACT August 2023 <br />Work Order # UP3745 SP — 44 <br />Provided to Builders Exchange of WA, Inc. For usage Conditions Agreement see www.bxwa.com - Always Verify Scal <br />