20131003085903563.pdfOF S ED
D O CITY OF EDMONDS
U 121 5T" AVENUE NORTH • EDMONDS, WA 98020 - 425-771-0220 • FAX 425-771-0221
PUBLIC WORKS DEPARTMENT
Engineering Division
�St. 1.890
Edmonds/Subdivision/Plat/Permit No. PLN2
Project Name
Plat
Project Address 7631201" St SW Edmonds WA 98026-6837
Owner/Developer/Contractor Maston Properties & Construction LLC
DAVE EARLING
MAYOR
Bond No. 3386205
Improvements to be
complete by EL4j2o
Improvements Bonded For Short Plat Improvements Per Site IMprovement Bond Quantity
Worksheet Dated 9/10/2013
WHEREAS, Maston Properties & Construction LLC 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 Redwood Short Plat on a site located at 7631201" St SW within the City of Edmonds,
and
WHEREAS, the City approved the requested action on September 10th, 2013, and
WHEREAS, the approval granted by the City and the provisions of the Edmonds Municipal
Code require certain improvements to be made in connection with construction of the project,
the improvements are shown on the approved site plan and other required plans and as further
defined by the conditions identified in the City file,
NOW, THEREFORE, the undersigned Principal and bonding company,
Indemnity Company of California, 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 One Thousand Two
Hundred Twenty Seven and 10/100ths Dollars ($51,227.10), 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 withirL2 nths, then the Surety shall, upon the demand of the City,
remit to the City within ten days of receipt of said demand the amount of this bond or such lesser
amount as may be specified in the demand.
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 any 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.
City of Edmonds
Performance Bond - Bonding Company
Page 2
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 years from acceptance has been submitted to the City in an amount of not less than fifteen
percent 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 paragraph 1 above.
DATED this 2nd day of October, 2013.
OFFICER/TITLE
17771 Cowan Suite 100
BONDING COMPANY ADDRESS
Irvine CA 92614
CITY/STATE/ZIP
1-800-782-1546
BONDING COMPANY PHONE
ACCEPTED PY:
CI V, DMONDS
STATE OF WASHINGTON
Mas Pro s & Construction LLC
B
DOEeOPERCOAER
2020 Maltby Rd, Ste 7, PMB 116
ADDRESS OF DEVELOPER/OWNER
Bothell, WA 98021
CITY/STATE/ZIP
AM, 299-8877
PHONE NUMBER
DATE
SURETY ACI OWLEDGMENT(04LI
C
m-.
a ) ss.;
COUNTY OF )
On this d J day of October, 2013, before me, the under -signed, a Notary Public in and
for the State of Washington, duly commissioned and sworn, personally appeared Jennifer M.
Savage to me known to be the Attorney -In -Fact of Indemnity Company of California, the
corporation that executed the foregoing instrument, and acknowledged the said instrument to be
the free and voluntary act and deed of said corporation, for the uses and purposes therein
mentioned, and on oath stated that she was authorized to execute said instrument and that the
seal affixed is the corporate seal of said corporation.
WITNESS my hand and official seal hereto affixed the day and year first above written.
Maston 338620S.doc
City of Edmonds
Performance Bond - Bonding Company
Page 3
Partnership/Sole Proprietor
STATE OF WASHINGTON
ss.
COUNTY OF )
On thisc2iday of C 20 I , before me,
Public in and for the State of Washington, duly commissioned and
to me known to be the
of
the under -signed, a Notary
sworn, personally appeared
the sole proprietor/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 seal hereto affixed the day and year first above written.
Corporation
STATE OF WASHINGTON )
) ss.
COUNTY OF SXa)
On this day of October, 2013, before me, the under -signed, a Notary Public in and for
the State of Washington, duly commissioned and sworn, personally appeared Richard S.
Bynum to me known to be the Member of Maston Properties & Construction LLC, the
corporation that executed the foregoing instrument, and acknowledged the said instrument to be
the free and voluntary act and deed of said corporation, for the uses and purposes therein
mentioned, and on oath stated that he was authorized to execute said instrument and that the seal
affixed is the corporate seal of said corporation.
WITNESS my hand and official seal hereto affixed the day and year first above written.
Maston 338620S.doc