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Home My WebLink AboutContract - FullAll Stripes, LLC 3rd August 2023 8/3/2023 CONTRACTBONDTOTHECITYOFRENTONBondNo.9838148KNOWALLMENBYTHESEPRESENTS,Thatwe,(CONTRACTORIPRINCIPAL)AllStripesLLCof[address]Box69107,Seattle,WA98168asIand(SURETY)LexonInsuranceCompanyacorporationorganizedandexistingunderthelawsoftheStateofTexasasaSURETYcorporation,andqualifiedunderthelawsoftheStateofWashington.tobecomeSURETYuponbondsofcontractorswithmunicipalcorporations,asSURETY,arejointlyandseverallyheldandfirmlyboundtotheCityofRenton(CITY/OWNER)inthesumofonehundredthirtyseventhousandninehundredfiftytwoand00/1DOsUSDollars$137,952.00)TotalContractAmount)forthepaymentofwhichsumondemandwebindourselvesandourheirs,successors,assigns)executors,administratorsandpersonalrepresentatives,asthecasemaybe.ThisobligationisenteredintopursuanttothelawsoftheStateofWashingtonandtheordinancesoftheCityofRenton.DatedatSilverdale,Washington,this26thdayof,20__23NOW,THEREFORETHECONDITIONSOFTHEABOVEOBLIGATIONAREASFOLLOWS:WHEREAS,underandpursuanttoContractNo.CAG-23-141providingforconstructionofthe2022—23TrafficCalming—LakeWashingtonBoulevardN,thePRINCIPALhasacceptedorisabouttoaccept,theContract,andundertaketoperformtheWorkthereinprovidedforinthemannerandwithinthetimesetforth.•TheSURETYindemnifies,defends,andprotectsandholdstheCITY/OWNER,itsofficers,agents,andassignsharmlessfromandagainstallclaims,liabilities,causesofaction,damages,andcostsforsuchpaymentsforlabor,equipment,andmaterialsbysatisfyingallclaimsanddemandsincurredUnderthecontract,andreimbursingandpayingCITY/OWNERallexpensesthatCITY/OWNERmayincurinmakinggoodanydefaultbyPRINCIPAL;and,againstanyclaimofdirectorindirectlossresultingfromthefailureofthePRINCIPAL,itsheirs,executors,administrators,successors,orassigns,forthesubcontractorsorlowertiersubcontractorsofthePRINCIPAL)topayalllaborers,mechanics,subcontractors,lowertiersubcontractorsmaterialpersons,andallpersonswhoshallsupplysuchcontractororsubcontractorswithprovisionsandsuppliesforthecarryingonofsuchwork,and,againstanyclaimofdirectorindirectlossresultingfromthefailureofthePRINCIPAL,itsheirs,executors,administrators,successors,orassigns(oranyoftheemployees,subcontractors,orlowertiersubcontractorsofthePRINCIPAL)tofaithfullyperformtheContract.•TheindemnitiestoCITY/OWNERshallalsoinuretothebenefitoftheConsultingEngineersandotherdesignprofessionalsretainedbyOWNERinconnectionwiththeProject.oNochange,extensionoftime,alteration,oradditiontothetermsoftheContractortotheWorktobeperformedundertheContractshallinanywayaffectSURETY‘sobligationontheContractBond.SURETY,forvaluereceived,herebywaivesnoticeofanychange,extensionoftime,alteration,oradditiontothetermsoftheContractortheWorktobeperformedthereunderandagreesthatmodificationsandchangestothetermsandconditionsoftheContractthatincreasethetotalamounttobepaidthePRINCIPALshallautomaticallyincreasetheobligationoftheSURETYonthisContractBondandnoticetoSURETYisnotrequiredforsuchincreasedobligation.•ThisContractBondshallbegovernedandconstruedbythelawsoftheStateofWashington,and2022—23Trafficcalming—LakeWashingtonBoulevardNPage1of2ContractBondtotheCityaf.RentoncAG-23-141May2023!rovided:oBui1derEchaneofWy,,Inc.ForusageConditionsAgreernentseeww.bxwa.ccmAlwaysVerifyca1 SOMPOINTERNATIONALr.sFPOWEROFATTORNEYKNOWALLBYTHESEPRESENTS,thatEnduranceAssuranceCorporation,aDelawarecorporation(‘EAC”),EnduranceAmericanInsuranceCompany,aDelawarecorporation(“EAIC”),LexonInsuranceCompany,aTexascorporation(IJC”),and/orBondSafeguardInsuranceCompany,aSouthDakotacorporation(“BSIC”),each,a“Company”andcollectively,‘SompoInternationaI,doherebyconstituteandappoint:1usti,iA.TackerastrueandlawfulAttorney(s)-In-Facttomake,execute,seal,anddeliverfor,andonitsbehalfassuretyorco-surety;bondsandundertakingsgivenforanyandallpurposes,alsotoexecuteanddeliveronitsbehalfasaforesaidrenewals,extensions,agreements,waivers,consentsorstipulationsrelatingtosuchbondsorundertakingsprovided,however,thatnosinglebondorundertakingsomade,executedanddeliveredshallobligatetheCompanyforanyportionofthepenalsumthereofinexcessofthesumof5137,952.00Suchbondsandundertakingsforsaidpurposes,whendulyexecutedbysaidattorney(s)-in-fact,shallbebindingupontheCompanyasfullyandtothesameextentasifsignedbythePresidentoftheCompanyunderitscorporatesealattestedbyitsCorporateSecretary.ThisappointmentismadeunderandbyauthorityofcertainresolutionsadoptedbytheboardofdirectorsofeachCompanybyunanimouswrittenconsenteffectivethe30thdayofMarch,2023forBSICandLICandthe17t9dayofMay,2023forEACandEAIC,acopyofwhichappearsbelowundertheheadingentitled“Certificate”.ThisPowerofAttorneyissignedandsealedbyfacsimileunderandbyauthorityofthefollowingresolutionadoptedbytheboardofdirectorsofeachCompanybyunanimouswrittenconsenteffectivethe30thdayofMarch,2023forBSICandLICandthe17dayofMay,2023forEACandEAICandsaidresolutionhasnotsincebeenrevoked,amendedorrepealed:RESOLVED,thatthesignatureofanindividualnamedaboveandthesealoftheCompanymaybeaffixedtoanysuchpowerofattorneyoranycertificaterelatingtheretobyfacsimile,andanysuchpowerofattorneyorcertificatebearingsuchfacsimilesignatureorsealshallbevalidandbindingupontheCompanyinthefuturewithrespecttoanybondorundertakingtowhichitisattached.INWITNESSWHEREOF,eachCompanyhascausedthisinstrumenttobesignedbythefollowingofficers,anditscorporatesealtobeaffixedthis25thdayofMay,2023.EnduranceAssuranceCorporatioEnduranceAmerican,LexonInsuranceCompanyBy7LJ187Lui4RichardAppel:SV&,SeniorCounselRichardApDet:.SIu&$eniorCounselRicardAppel;SeniounselACKNOWLEDGEMENTOnthis25thdayofMay,2023,beforeme,personallycametheabovesignatoriesknowntome,whobeingdulysworn,diddeposeandsaythathe/tø%1kicerofeachoftheCompanies;andthatheexecutedsaidinstrumentonbehalfofeachCompanybyauthorityofhisofficunderthbywsofeachCompany.’”.¶‘‘t.By:_____________________—:—Amyaylor,Notublic‘MyCommisslnExpires3I9f27.’CERTIFICATEI,theundersignedOfficerofeachCompany,DOHEREBYCERTIFYthat:1.ThattheoriginalpowerofattorneyofwhichtheforegoingisacopywasdulyexecutedonbehalfofeachCompanyandhasnotsincebeenrevokectamendedormodified;thattheundersignedhascomparedtheforegoingcopythereofwiththeoriginalpowerofattorney,andthatthesameisatrueandcorrectcopyoftheoriginalpowerofattorneyandofthewholethereof;2.ThefollowingareresolutionswhichwereadoptedbytheboardofdirectorsofeachCompanybyunanimouswrittenconsenteffective30thdayofMarch,2023forBSICandLICandthe17thdayofMay,2023forEACandEAICandsaidresolutionshavenotsincebeenrevoked,amendedormodified:“RESOLVED,thateachoftheindividualsnamedbelowisauthorizedtomake,execute,sealanddeliverforandonbehalfoftheCompanyanyandallbonds,undertakingsorobligationsinsuretyorco-suretywithothers:RICHARDM.APPEL,MATTHEWE.CURRAN,MARGARETHYLAND,SHARONL.SIMS,CHRISTOPHERL.SPARRO,andbeitfurtherRESOLVED,thateachoftheindividuaisnameaaboveisauthorizedtoappointattorneys-in-factforthepurposeofmaking,executing,sealinganddeliveringbonds,undertakingsorobligationsinsuretyorco-suretyforandonbehalfoftheCompany.”3.Theundersignedfurthercertifiesthattheaboveresolutionsaretrueandcorrectcopiesoftheresolutionsassorecordedandofthewholethereof.INWITNESSWHEREOF,Ihavehereuntosetmyhandandaffixedthecorporatesealthis26thdayof15’2023.By:DanteS.L.e,eretatyNOTICE:U.S.TREASURYDEPARTMENT’SOFFICEOFFOREIGNASSETSCONTROL(OFAC)NocoverageisprovidedbythisNoticenorcanitbeconstruedtoreplaceanyprovisionsofanysuretybondorothersuretycoverageprovided.ThisNoticeprovidesinformationconcerningpossibleimpactonyoursuretycoverageduetodirectivesissuedbyOFAC.PleasereadthisNoticecarefully.TheOfficeofForeignAssetsControl(OFAC)administersandenforcessanctionspolicy,basedonPresidentialdeclarationsof“nationalemergency”.OFAChasidentifiedandlistednumerousforeignagents,frontorganizations,terrorists,terroristorganizations,andnarcoticstraffickersas“SpeciallyDesignatedNationalsandBlockedPersons”.ThislistcanbelocatedontheUnitedStatesTreasury’swebsite—https:/fwww.treasurv.gov/resource-center/sanctions/SDN-List.InaccordancewithOFACregulations,ifitisdeterminedthatyouoranyotherpersonorentityclaimingthebenefitsofanycoveragehasviolatedU.S.sanctionslaworisaSpeciallyDesignatedNationalandBlockedPerson,asidentifiedbyOFAC,anycoveragewillbeconsideredablockedorfrozencontractandallprovisionsofanycoverageprovidedareimmediatelysubjecttoOFAC.Whenasuretybondorotherformofsuretycoverageisconsideredtobesuchablockedorfrozencontract,nopaymentsnorpremiumrefundsmaybemadewithoutauthorizationfromOFAC.Otherlimitationsonthepremiumsandpaymentsmayalsoapply.Anyreproductionsarevoid.SuretyClaimsSubmission:LexonCIaimAdministrationtisompo-intI.comTelephone:615-553-9500MailingAddress:SompoInternational;12890LebanonRoad;MountJuliet,TN37122-2870BondSafeguardInuraceCoçzpaBy:-)YJ1RicardAppel,SUP&,enioi”coueI10,’”A.‘SOUTH:o’f’DAKOTANSURANCSCOMPiNV.‘