BOND DEMO.pdf0
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Date Posted
Date Expires
Account No.
City of Edmonds
121 5"' Avenue North • Edmonds : WA 98020 • (425) 771-0220 Fax (425) 771-0221
Website: c�wukv.ci.m.<Jgr���ds �r.is
DEVELOPMENT SERVICES DEPARTMENT
Planning • Building - Engineering
DEMOLITION F ROZEN' FI: ND ACCOUNT
I _
Edmonds Building Permit biunnber � . l,.
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ProjectAddress
( wvner/l)evelope /t ,ontrtzctori
WHEREAS,., l _ _... _. _,_... hereinafter referred to as "the Principal",
has secured Building Permit 1 o. ' "' i it, conformance with the provisions of the
International Building or Residential Code toeinolish a structure or other improvements at
"I ._.,�"` &1_ t ___ - the City of Edmonds, and
WHEREAS, in order to provide security for the obligations of the Principal under the Edmonds
Community Development Code Chapter 19.00.030 in the course of said demolition not to exceed 180
calendar days from the issuance of said Building Permit by the City of Edmonds, hereinafter referred to
as "the City" and to enable the City of Edmonds to secure completion of said obligations, including site
and public improvement restoration, site and street clean-up and final site grading,
� certify that this Banking/Financial institution
y�'1R ,tis 1cr¢l� will c herein referred to as "the Institution" has a savings
account/loan or they° security for the above -referenced developer for the project so identified. The
Institution hereby agrees that it will freeze and hold the following sums of money for the indicated
demolition work penclttwritten authorization for release of said funds by the City of Edmonds in the
amount of $M according to the following terms and conditions:
1) In the event the demolition permitted under the above referenced building permit is not completed
in accordance p the e applicable Building Code and Ordinances of the City of
Edmonds within ah period provisions
of - _calendar days from the date of issuanceof the building
permit. The financial institution shall, upon demand of the City and the failure to cure the noted
defects within a reasonable amount of time as determined and specified by the City, remit payment
to the City within ten (10) days of receipt said funds so that the demolition and site work be
completed to City standards. The institution shall not be liable to the owner for any disbursement
of said funds to the City of Edmonds.
2) If the Principal fails to cure any defect within the time period specified by the City, the City's
employees and agents are hereby authorized to enter into 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.
U\Building New Folder 2010Torms\B0NDDEM0FF.doc6/29/2011
City of Edmonds Demolition Bond Bonding Company
Page Three
DEVELOPER/OWNER ACKNOWLEDGEMENT
STATE OF WASHINGTON
ss.
COUNTY oFSoohonq:,
On this _.Zb
-) 3 day of e L 9 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 �''V I of. . .......................
the general partnership that executed the foregoing instrument, and
acknowledged the said instrument to be the flee and voluntary act and deed of said partnership, for the
uses and purposes therein mentioned, and on oath stated that
authorized to execute said instrument.
WITNESS my hand and official seal hereto affixed the day and year first above written.
Notary Public
State of Washington
Dorothy Soergel
Commission Expires 09-10-1
LABuilding New Folder 2010\Fonns\BONDDEMOCO.doc6/29/2011
NOTARY F)LihIC in(,!- I for the State of
Washington residing at
hA
City of Edmonds Demolition Frozen Fund Account
Page Two
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.
DATED thisJ,
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FINANCIAL INSTITUTION ACKNOWLEDGEMENT
STATE OF WASHINGTON)
) ss.
COUNTY Ov°"1'14h6iwf)
On this day of� °l` �. . 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 '
of .° "' (' /� ` 1"'°� ,the institution 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 iy ..� �.� _ was
authorized to execute said instrument and the seal affixed is the corporate seal of said institution.
WITNESS my hand and official seal hereto affixed the day and year first above written.
r
Notary Public NOTARY PLJ13 C in and for the State of
State of Washington Washington, residing at JU ............bk\Ot................ 5
Dorothy S
el
o y oerg
Commission Expires 09-10-16
LABuilding New Folder 2010\Forms\B0NDDEM0FF,doc6/29/2011