20150518153709266.pdfO� EDS
CITY OF EDMOND S
G +R 1216" AVENUE NORTH • EDMONDS, WA 98020 • 425-771-0220 FAX 425-771-0221
PUBLIC WORKS DEPARTMENT
Engineering Division
�St, 189
PERFORMANCE BOND — FROZEN FUND
DAVE EARLING
MAYOR
Bond No.
Improvements to be
completely ti •
I'L V140.
A, 4 , ft.
2015
Edmonds Subdivision/Plat/Permit No. gLA10 e67 76V(_3
Project Name 71 A -Qq- P E TTI LA T SERVICES
Project Address P.1'5 -1 C'�=� n� �T M�' S w' c'
Own eveloper/Contractor T)t A4,CF 17 ('-j-tT1LA
Improvements Bonded For df/ V1 (� D ?S'62 X 71 C�'Y1 I l`d�� 611%��' '1 fI i'1 d`!✓c;
With reference to the above -identified matter, this will certify that this institution has a savings
account (or loan) for the above -referenced developer for the project so identified. In consideration of the
permitted development of the property, and in lieu of a performance bond, this institution hereby agrees
that it will freeze the sums of money for the indicated site improvements pending written authorization for
release of said funds by the City of Edmonds in the amount of $ 43,2-90-4S
. The total sum indicated will be withheld by this institution from any disbursements of any kind until
written authorization has been received by the institution from the City of Edmonds to release the sum of
money indicated by the written authorization from the City.
The design, location, materials and other specifications for the indicated site improvements are those
required by the City of Edmonds as appear in the above -referenced Edmonds file and in compliance with
Chapter 17.10 ECDC of said City.
In the event the owner/developer/contractor fails to complete the indicated improvements within
! Z week onths, the City of Edmonds may demand, and the institution shall make, payment
to the City of said fun so that the improvements can be installed or completed immediately to City
standards. The institution shall not be liable to the owner for any disbursement of said funds to the City
of Edmonds.
It is hereby specifically agreed by and between the parties hereto that in the event that any legal action
must be taken to enforce the provisions of this bond or to collect said bond, that the prevailing party shall
be entitled to collect its cost and reasonable attorneys' fees as a part of the reasonable costs of securing
the obligation hereunder. In the event of settlement or resolution of these issues, prior to the filing of any
suite, the actual costs incurred by the City, including reasonable attorneys' fees, shall be considered a part
of the obligation hereunder secured. Said costs and reasonable legal fees shall be recoverable by the
prevailing party, not only from the proceeds of this bond, but also over and above said body as a part of
any recovery in any judicial proceeding, in addition to recovery of the bond.
City of Edmonds
Performance Bond - Frozen Fund
Page 2
711a 84 VA(- >-r- UJ i5c h A,e- Fv QJ APPROVED: l '+JC t� � ►�! r 1' I c, �1
NA OF FINANCIAL INSTITUTION OWN EVELOPER/CONTRACTOR
40�-iRbei'k V. P. M
OFFICER SIGNATUP6TITLE SIGNATURE OF ABOVE
7� Z 51%, A4 a Sc,
INSTITUTION MAILING ADDRESS
LD A1040-�) , W-4-
CITY/STATE/ZIP
'¢CITY/STATE/ZIP
42-5--'114 r 2.33
PHONE
rScc----�'4-1'-14-1
ACCOUNT NUMBER
S3-1 57—
MAILING ADDRESS
�77)!'Yl�rl�"
CITY/STATE/ZIP
ACCEPTED:
F DMONDS
s -
DATE
FINANCIAL INSTITUTION NOTARIZATION
STATE OF WASHINGTON)
ss
COUNTY OF
On this 112)N( day of M A.Y 201_, before me, the
undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn,
personally appeared
'J (fti1(% PP—" 7-r I L-A , to me known to be the 0 w kftk,
Title
of v L` PIW�LIU-,A , the—eer�effiticrn that executed the foregoing
instrument,
Name of Firm
and acknowledged the said instrument to be the free and voluntary act and deed of said
eeFpefatttm, for the uses and purposes therein mentioned, and on oath stated that
500, was authorized to execute said instrument and that the seal affixed is the corporate seal of
said corporation �.� RAN®�
WITN aV f(i ' seal hereto affixed the day and year first above written.
e to
cc 1.2
NOTARY PUBLIC in and for the
`r44rEof State of Washington, residing at
L�.0 rnC) -k'(S W �4- 10 C-1 Z v
OWNER/DEVELOPERICONTRACTOR
Perf.Froz.With Letterhead-1.6.12.doe
Revised 09/96