15 07 24 Saunders City of Edmonds bond SUR40006603.pdfDate Posted
Date Expires_
Bond Number S,(JR40006603
City of Edmonds
121 51h Avenue North - Edmonds A 98020 , (425) 771-0220 Fax (425) 771-0221
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DEVELOPMENT SERVICES DEPART MENT
Planning • Building � Engineering
I!ERFORMAN 'BOND/BONDING Cq.MLANY
Edmonds Building Permit No. BLD 20140317
Project Address ; 15,911 741h place West Edmond
Developer/Owner: Leroy Saunders
WHEREAS, Leroy Saunders" hereinafter referred to as "the Principal", has applied to the City
of Edmonds, hereinafter referred to as "the City", to construct the project known as his personal home,
on a site located at 15911 740' Place West within the City of Edmonds, and
WHERE,4S, the City approved the requested action and,
WHEREAS, the approval granted by the City and the provisions of the Edmonds Development
Code require certain improvements to be made in connection with construction of the project, and
whereas the improvements are shown on the approved site plan and other required plans and are
further defined by the conditions identified in the City file,
NOW, THEREFORE, the undersigned Principal and bonding, company, IRONSHORE
FNIJEMNITYINC., a corporation authorized to transact surety business in the State of Washington,
hereinafter referred to as "'the Surety", agree and bind themselves, their heirs, executors, administrators
and assigns, unto the City in the sum of FIFTY TflQLSAND DOLLARS AND NO CENTS
$50,000,00, lawful money of the United States, according to the following terms and conditions:
1) If the Principal does not complete all improvements required by the above -referenced
conditions, plans, and file within 24 months (not to exceed 24 months), then the
Surety shall, upon the demand of the City, remit to the City within ten (1 f1) days of receipt of said
demand the amount of this bond or such lesser amount as may be: specified in the dernand.
2) In the event the Principal fails to complete all of the above referenced improvements within
the time period specified by the City, its employees and agents shall have the right at their sole election
to enter onto said property described above for the purpose of completing the improvements. This
provision shall not be construed as creating, an obligation on the part of the City or its representatives
to complete such improvements.
3) In the event any lawsuit is instituted by the City of Edmonds, the Principal or the Surety to
enforce the terms of this bond or to determine the rights of party hereunder, the prevailing party in
such litigation shall be entitled to recover from the losing party its costs, including reasonable
attorneys" fees, incurred as a result of such lawsuit.
C:1Userslmhuri")kppData\1,ocul\MicrosoftlWinlows\Tei7iporary Internet 1~iJes1Corilei)t,Outloor k\RJKXGGVQ�City of
Edmonds Saunders. PERFORMANCE BOND BONDING COMPANY (2).doc7)24/2015
Ironshore Indemnity lncw
KNOW ALL MEN BY THESE PRESENTS that IRONSORE INDEMNITY INC„ a Mlnnestuta Corporation, with its principal office In New York, NY does
hereby conelltute and appoint. MARIA T V I l V its true and lawful Attorney -In -Fact to make, execute, seal and deliver for,
and on Its behalf as surety, a SUBDIVISION BOND under band or undertaking number SUR.40006603 Issued on
behalf of, L ROY SAUNDERS as (principal In the penal sum of $50,0,00,00
Thisauthority is made under and by the authority of a resolution which was passed by the hoard of directors of IREINSHORE INDEMNITY INr. on the
21"d pay of April, 2013 as follows-.
Resolved, that the Director of the Company Is hereby authorized to appoint and empower any representative of the company or other person or
persons as Attorney -In -Fact to execute on behalf of the. Company any bonds„ undertakings, policies, contracts of Indemnity or other writings obligatory
in nature of a brand not to exceed $50,000M debars, which the Company might execute through Its duly elected officers, and affix the seal of the
Company thereto. Any Bald execution of such documents by an Attorney -in -Fact shall be as binding upon the Company as If they had been duly
executed and acknowledged by the regularly elected officers of the Company, Any Attorney -In -Fact, so appointed, may be removed forgood cause and
the authority ser granted maybe revoked as specified In the power of Attorney.
Resolved, that the signature of the Cirector and the seal of the Company may be affixed by facsimlle on any power of attorney granted, and the
signature of the Secretary„ and the seal of the Company may be affixed by facsimile to any certificate of any such power and any such power or
certificate bearing such fhcsimlle signature and seal shall be valid and binding on the Company. Any such power so executed and sealed and certificate
$o executed and sealed shall, with respect to any bond of undertaking to which It Is attached, continue to be valid and binding on the Company.
IN WITNESS THEREOF, IRONSIORE INDEMNI'T'Y INC. has caused this instrument to be signed by Its Director, and Its Corporate Seal to be affixed this
I" My all May.. 2011
IIRONSHORE INDEMNITY INC.
(! 3L—I,
r
By,
... .. ............
Camel L Sass in
Director
ACKNOWLEDGEMENT
On this I" Day of May, 2013, before r"ne, persarnally came Daniel L Sussman to me known, who (being duly sworn, did depose and say that he Is the
Director of lronshore Indemnity, Inc. , the corporatlon described In and which executed the above Instrument, that he executed said Instrument on
behalf of the corporation by authority of his office underthe toy -lawns of said corporation.
�y, Christophe . Dobbs
NO Public
My COMMISSION
Jude 51, 201g5fl'ICATE
I, the undersigned, Secretary of IRONSHOR "
INDEMNITY INC, A Minnesota Company, DO HEREBY CERTIFYthat the original power of Attorney of
which the foregoing is a true and correct copy,. Is In full force and effect and has not been revoked and the resolutions as set forth are novo In force,.
-vlgsned and Sealed' at this 24TH Day of 1 tjt,Y 2015 ,
rrotaAll
r,
Paul S. Giordano
Secretary
"WARNING, cony Person who kno vingiyand with intent to d'ef'raud any Insurance company or other person, flies and application for Insurance or statement of claim
contalning any materially false Information, ar conceals for the purpose of misleading Information cosncerntng any fact material thereto, cor"ri a fraudulent
Insurance act, which is a crime and subjects such person to criminal and civil penalties."
City of Edmonds Performance Bond Bonding Company
Page Two
4) This bond shall remain in full force and effect until the obligations secured hereby have
been fully performed and a bond guaranteeing maintenance of all improvements for a period of two (2)
years from acceptance has been submitted to the City in an amount to be determined by the City, of the
cost of the improvements and in a form suitable to the City, and until released in writing by the City at
the request of the Surety or the Principal upon expiration of the period specified in the above
paragraph.
DATED this 24TH day of JULY --, 2015
IRONSHORE INDEMNITY INC. LEROY SAUNDERS
ding CoDeve loper/Owner/Princi pat
/*AlfAS 1:-vsMON,ATTORNEY
-1N4ACT
Officer/Title PrintNarne
155 NE I 00'f H S�f �fE 20 �ISEA'�I-TIE W�A981 25 15911 74TH AVE WEST, EDMON M WA 9$026
Mailing Address Mailing Address
SLJR40006603
Bond Number Telephone Number
'W'014044'
BONDING COMPANY SURETY ACKNOWLEDGMENT
SI
STATE OF WASH INOTON
) ss,
COUNTY OF
On this ))-4j-k 1, day of J I� I (I ---1 :�40 )51 before me, the
under -signed, a Notary Public in and for the State of Washington, duty commissioned and sworn„
personally appeared -4j"j-
to me known to be the ' PL:,-. —Of
S'k K't" 011A�t the corporation that executed the foregoing instrument, and acknowledged the
said instrument to0"be4 the free and voluntary act and deed of said corporation, for the uses and put -poses
therein mentioned, and on oath stated that jj,ex r � A,, '5j7,,g �leA % 0 v,) was authorized to execute
said instrument and that the seal affixed is the corporate seal of said corporation.
Wll!;NESS y hand ao-7fficial seal hereto affixed the day and year first above written,
TARY PUBLIC in and flhe
State of Washington, residing at 0 7"ro rxj
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City of Edmonds Performance Bond Bonding Company
Page Three
DEVELOPER/OWNER AC'KNOWL,EDGEMENT
STATE OF WASHINGTON
) ss.
COUNTY OF
On this day of_ $ , before me, the under -signed, a
Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared
to me known to be the
of
the general partnership that executed the foregoing instrument, and
acknowledged the said instrument to be the free and voluntary act and deed of said partnership, for the
uses and purposes therein mentioned, and on oath stated that was
authorized to execute said instrument.
WITNESS my hand and official sea] hereto affixed the day and year first above written.
NOTARY PUBLIC in and for the
State of Washington, residing at
C:\Users'' hutt\AppData\Local\Microsoft\Windows1Teniporary Internet Files\Content-Outlook°RJKXGGVQ\City of
Edmonds Saunders PERFORMANCE BOND BONDING COMPANY (2),doc7/24/2015