20151211115838.pdf�i
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Date Posted
Date Expires
Account Number
City of Edmonds
121 5th Avenue North • Edmonds • WA 98020 • (425) 771-0220 Fax (425) 771-0221
Website: !WAS ci 1Liond,; Npy,
DEVELOPMENT SERVICES DEPARTMENT
Planning • Building • Engineering
Edmonds Building Permit No.
Project Address�(XA ko
Owner/Developer t h 11
PERFORMANCE FROZEN FUND
?-�L,91,D\ (b0S09
With reference to the above identified project, this will certify that this Banking Institution has
a frozen fund account/savings account (or loan) for the above -referenced developer/owner for the
project so identified. In consideration of the permitted development of the property 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
The total sum indicated will be withheld by this Banking 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 and appear in the above -referenced Edmonds building permit
file and are in compliance with the Edmonds Community Development Code of said City.
It" q evit, the Owner/per fails to complete the indicated improvements within
yLweekw /"months) (not to exceed 24 months) the City of Edmonds may demand,
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and e instmtuti6h shall m -payment to the City of said funds 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 agreement or to collect said frozen fund, 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 suit, 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
frozen fund account, but also over and above said body as a part of any recovery in any judicial
proceeding, in addition to recovery of the funds.
L:\Building New Folder 2010\Forms\BONDPerformanceFrozen.doc3/22/2013
City of Edmonds Performance Frozen Fund Account
Page Two
Financial Institution
Officer/Title
Mailing Address
Account Number
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Print Name
Mailing Address
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FINANCIAL INSTITUTION ACKNOWLEDGEMENT
STATE OF WASHINGTON)
) ss
COUNTY OF 141=A )
On this ` '` day of 1Jr✓L(. VM_ 6Z before me, the
undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn,
personally appeared, �� , to me known to be the OWa,C�
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of � : Awe 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 Jt�J to*V_ G�� 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 ai"1`ied the day and year first above written.
-0 di dlhll&-
Notary Public N 'TA J1C "A�and rthe
State of Washington
MICHAEL A GRENIER State of Washington, residing at
My Appointment Expires Dec 31, 2016
LABuilding New Folder 2010\Forms\BONDPerformanceFrozen.doc3/22/2013
City of Edmonds Performance Frozen Fund Account
Page Three
DEVELOPER/OWNER ACKNOWLEDGEMENT
STATE OF WASHINGTON )
ss.
COUNTY OF )
On this �� , day o�l�" -� , a , before me, the under -signed,
a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared
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r
o� d
to me known to be the 6^ �p of
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.
6
WITNESS my hand and official seal hereto affixed the day and ear first qbbye written.
ri
NO " RY P LIC for the State of
Notary Public Washington, residing at
State of Washington
MICHAEL A GRENIER
FMyAppointment Expires Dec 31, 2016
L:\Building New Folder 2010Torms\BONDPerformanceFrozen.doc3/22/2013