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PAYMENT BOND Bond No. 2131460 <br />KNOWALLMENBYTHESE PRES.I~NTS,thatWe McKenzie Excavatinq Inc. <br />as principal, and North American Specialty Insurance Company as surety, arejoindy <br />and severally held and bound unto the CM OF EUGENE, in Lane County in the Sum of: $144,981.96 <br />(One Hundred Forty Four Thousand Nine Hundred Eighty One and 96/100--------------- ) forthe:payment6fwhA <br />we jointly and severally bind ourselves, our hears, executors, administrators and assigns or suessors and assigns, <br />ftnly by these'presents- <br />THE CONDITION OFTMS BONIR TS-61UCIT that, whereas the said principal herein has tirade and entered into a <br />outain contract, a copy of which is attached hereto, with the CTrY OF EUGENE which contract, together with the <br />applicableplans, Standard Specifications, Special Specifications, and schedule of contract prices, is bythis reference <br />made a part hereof, whereby the said priacihpal agrees to do in accordance with the certain tcrms, conditions, <br />requirmmta, plans and specifications which set out in said contract and all authorized modificafions ofthe contract <br />which increase the amount of the work and the amount of contract. Notice to the, surety of any of the, immediately <br />foregoing are-waived- <br />NOW, TIMMFORX if the papal herein shall make payment promptly, as due to all subcontractors and to all <br />persons supplyingto the Contractor orhis subwntraotors, cquipment, supplies, laborormaterials fortheprosecution <br />of the work, or any part there4 provided for in said contract, and shall pay all contribution of amounts due its <br />workers compensation carrier and the State Unemployment Compensation, Trust Fund from such Contractor or <br />Subcontractors incurred in the performance-of said contract, and payall sums of money withheld from Contractor's <br />employees awl payable to the Revenue Department; and shall pay all other just debts; dues and dezxrarads incurred in <br />the per:6rmance offt said contract and shall pay the CITY OF EUGENE such damages as may a=ue to the City <br />under said contract, then this obligation is to be void, otherwise to remaiu•in full force and effect. <br />Nonpayment of the bond premium will not invalidate this bond rhor shall. the CITY OF EUGENE be obligated for the <br />payment thereof. <br />WrrNESS oiu hands this 10th _w day of _May . 2010 <br />McKenzie Excavating Inc. <br />PrinCipal <br />B s~. L <br />y <br />.Authorized Ofd Signature <br />Fria pal <br />By <br />Authorized QMcial Siguahnv <br />$y <br />.Authorized. Official S4pwt" <br />Surety North American Specialty Insurance Company <br />By Rebecca Gwynn <br />Agent <br />BY _ <br />Authorized O idol aignahm <br />By <br />Attorney iu Fact <br />(A Power of Attorney for <br />the Attorney in Fact most <br />be attached to this Bond) <br />Surety's Seal must be Afflxed <br />