20150424162650495.pdf�0 Date Posted
41 Date Expires
Account No.
City of Edmonds
121 5"' Avenue North Edmonds WA 98020 (425) 771-0220 Fax (425) 771-0221
Website: www.ci.edmonds.wa.us
DEVELOPMENT SERVICES DEPARTMENT
�S t • 1 g 9 Planning • Building • Engineering
MAINTENANCE FROZEN FUND ACCOUNT
Edmonds Building Permit No. I U V 2 9 0 6SO I , 6 q(,
Project Address 'AIA V5 714VT 11 q 1
Developer/Owner � V,
WHEREAS, l � \VO hereinafter referred to as "the Principal", has
constructed and installed certain improvements in connection with a project known as
W l,k) k %(V Iw A� on a site located at J V' c601",, ', tl_&MW Vy!' A t))
within the City of Edmonds, and
WHEREAS, in order to provide security for the obligation of the Principal to repair or replace any
improvement which proves defective within - year(s) (not to exceed two years) from acceptance
of the improvement by the City of Edmonds herein referred to as "the City", and to enable the City to
release the performance bond/frozen fund account provided in connection with said improvements, this
bond has been secured and is hereby submitted to the City.
NOW, THEREFORE, the undersigned Principal and C ° ., 0"( E
a Financial Institution authorized to transact financial business in the State of Washington, hereinafter
referred to as "the Institution", agree and bind themselves, their heirs, executors, administrators and
assigns, unto the City in the sum of $ t , 2 ,�8-7 .O 0 lawful money of the
United States, according to the following terms and conditions:
1) The Principal and Institution agree that in the event that any of the improvements installed by
the Principal or Institution pursuant to the above referenced plans, conditions and file fail to remain
free from defects in materials, workmanship or installation or in the case of landscaping, fail to survive
for a period of year(s) from the date of acceptance of the installation by the City, the Institution
shall, upon demand of the City and the failure to cure the defect within a reasonable time as determined
and specified by the City, remit to the City within ten (10) days of receipt of demand for remittance, the
amount of this bond or such lesser amount as may be specified in the demand.
2) If the Principal fails to cure any defect within the time period requested by the City, its
employees and agents are hereby authorized to enter onto said property and perform said work. This
provision shall not be construed as creating an obligation on the part of the City or its representatives.
3) In the event any lawsuit is instituted by the City of Edmonds, the Principal or the Institution 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.
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4) This frozen fund account or savings account shall remain in force and effect until the
obligations secured hereby have been fully performed and until released in writing by the City at the
request of the Institution or the Principal.
DATED this day of
Financial Institution Developer/Owner/Principal
Officer/Title ' P '' t Name 1
Mailing Address/Phone _ ddress k
' � -(0 >
Account Number Phone Numb r--"'
FINANCIAL INSTITUTION ACKNOWLEDGMENT
STATE OF WASHINGTON )
) ss.
COUNTY OF W�-z \r� )
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
L°" , to me known to be the °sof
I " Xyz e,, -:L
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 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 yearfirst above 't1en,___4
N T Y PUBLIC in and for the
Notary Public
State of Washington
A CRUZ WESTER
My Appointment Expires Dec 14, 2016
LABuilding New Folder 2010\Fonns\BONDMainFrozen.doc6/29/2011
State of Washington, residing at
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