20150921150327.pdf"\ CITY OF EDMONDS
DAVE EARLING
MAYOR
121 5T" AVENUE NORTH • EDMONDS, WA 98020 . 425-771-0220 FAX 425-672-5750
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Website: www.edmondswa.gov
)Z PUBLIC WORKS DEPARTMENT
Bond No. 338620SM
Engineering Division
MAINTENANCE BONDBONDING COMPANY
Edmonds/Subdivision/Plat/Permit Now PL - Q41 .',, /'L./ 4 915
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Project Name redwood. Short Plat /
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Project Address 7631 201st St Sw, Edmonds, Wa 98026-6837
Owner/Developer/Contractor Maston Prouerties & Construction. LLC
Improvements Bonded For Short Plat Improvements Per Site Improvement Bond
Quantity Worksheet Dated 9/10/2013
WHEREAS,Maston Properties & *hereinafter referred to as "the Principal", has LLC
constructed and installed certain improvements in connection with a project known as Redwood Short LLC
Platon a site located at7631 201st St SW 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 two year(s) 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 provided in connection with said improvements, this bond has been
secured and is hereby submitted to the City.
NOW, THEREFORE, the undersigned Principal and 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 Seven Thousand Six HundredEighty Four and 06/100
Dollars (''7,084.06 1, lawful money of the United States, according to the following terms and
conditions:
1) The Principal and Surety agree that in the event that any of the improvements installed by
the Principal or Surety 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 two year(s) from the date of acceptance of the installation by the City, the
Surety 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.
1
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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.
4) This bond 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 Surety or the
Principal.
DATED this 4th day of September 20 15
I'ji la pin i J'y Comd California
NAIF OF FINAN'IAL INSTI'rul" 1'IN
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C8'R SJ ATURI'4rlr' I I.aE1 Cowan, Suite 100
INSTITUTION MAILING ADDRESS
Irvine. Ca 92614
CITY/STATE/ZIP
PHONE
ACCOUNT NUMBER
STATE OF WASHINGTON
COUNTY OF
Prorrerties & Construction, LLC
SIGNA"f'URE. I.70OVE
2020 SaIMAY Road, Ste 7, PMB 116
MAILING ADDRESS
Bothell, Wa 98021
CITY/STATE/ZIP
ACCI°�PTE1K-L
CI'T`Y/ F E MONDS
DATE
SURETY ACKNOWLEDGMENT
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On this 4th , day of September 2015 , before me, the under -signed, a Notary
Public in and for the State of Washington, duly commissioned and sworn, personally appppeared
Jennifer M Savage to me known to be the Attorney In Fact of Indemnity Lcmpany 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.
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otary Public
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On this �� �, day of, 20 , before me, the under -signed, a Note
Public i and for theStateck f W tobeonduly commissioned of .
l�'aa , and sworn, personally appeared
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ACSn�I 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 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,
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NOT; E Y ')t.ql3n'
n and for the
NOTARY �'" State of Washington, residing at
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Corporation
STATE OF WASHINGTON
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COUNTY OF
On this , day of , 20 , 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 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 year first above written.
NOTARY PUBLIC in and for the
State of Washington, residing at