Chateau Bond Release.pdf121 5TH AVENUE NORTH - IEC1MkOpVDS, WA 98920 - 428-7711-9220 - FAX 425-771-0221
WWebsKe: www.d.od m onds.wa.us
PUBLIC WORKS DEPARTMENT
Engineering DMsicln
August 12, 2010
Prime Pacific Bank
PO Box 2518
Lynnwood, WA 98036
S-06-196
8703-191" St SW, Edmonds
Chateau Construction & Development.
Frozen Fund Account ##3818
The improvements required as a condition of development in association vaitlt the above
referenced project have been completed and accepted by the City of Edmonds. The City
hereby authorizes release of the fonds held in Frozen. Fund Account No. 381.8, in the
a Mount of $5,000,
Please feel free to contact nye with any questions you may have. I. can be reached by e-
mail at mcconnell�)ci.ednlonds.wa..us or by phone at 425,771.0220 x1.338.
Regards,
C.
) W,
JEANI F; McCONNELL
Engineering Program Manager
c: Chateau Construction
File S-06-196
LNC R\ADDLESS'_1 LES`yNuvncric\96.. Ave .....W-CENFRAT,' D�cvrloper Walkwav Fco�rcf\Rnndq\Hond Release Left'ers\ChafrmLa��.�Primr, Pacific
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Sister City - Hekinan„ Japan
MAYOR
Date Posted 00 -1
Date Expires
.Y I
C, FF -V 0 F E D M 0 N D S
tl21 5TH AVENUE NORTH - EDMONDS, WA 98020 - (425,) 771-0220 - FAX (425) 771-0221
Website:: wwad ed-nondsma us
DEVELOPMENT SEWCES DEPARTMENT
Planning - Building - Engineering
PERFA ORMINCE BOND - FROZEN FUND
Edmonds Subdivision/Plat/Peri-nit No, 4,
Project Naine
GARY HAAKENSON
MAYOR
Project 01
ect Address
Owner/Developer/Contractor
hirprovenicnts Bonded For
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. fn consideration of the
permitted development of the property, and in lieu of a performance bond, this institutionhereby agrees
that it wil I 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 $ 'e"'I ic,
The total sum indicated will be withheld by this institution from any disburscnict°its 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 fi-om. 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
r
we&&/irionths, the City of Edmonds may demand, and the institution shall make, 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 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.
lncorpc)raled Ai,qpist 11, 18,90
City of Edmonds
Performance Bond - Frozeii Fond
Page 2
APPROVI
NAME OF FfNANCIAL INSTITUTION
dL(-11 L-�O PS
OFFICER SIGNATURE/TITLE
INSTITUTION MAILING ADDRESS
c) c,
CI`T ESTATE/ZIP
c''
�-�
C"VI ACCEPTED -
PHONE
MAILrNG ADDRESS
CiTY4" EMMONdS
<
ACCOLTNT NUMBER DATE
STATE OF WASHINGTON)
ss
COUNTY OF
2
On this clay of_V," 20(,,) ), before me, the undersigned, a Notaiy
Public in and for the State of Washington, duly commissioned and sworn, personally appeared
to me known to be the "A)tn
Title
the corporation that executed the foregoing instrument,
Name of Firm
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 kc. 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.
61
crW/s-j,-ATE/ZIP
NOTARY PUBLIC in and for the
CiTY4" EMMONdS
<
ACCOLTNT NUMBER DATE
STATE OF WASHINGTON)
ss
COUNTY OF
2
On this clay of_V," 20(,,) ), before me, the undersigned, a Notaiy
Public in and for the State of Washington, duly commissioned and sworn, personally appeared
to me known to be the "A)tn
Title
the corporation that executed the foregoing instrument,
Name of Firm
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 kc. 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.
BONDPFFF.DOC
Reviscd 09/96
61
NOTARY PUBLIC in and for the
State of Washington, residing at
%
BONDPFFF.DOC
Reviscd 09/96
City of Edmonds
P-rforniance Bond - Frozen Fund.
Page 3
OWNEBUDEVELOPERTONTRACS
OR
STATE OF WASHINGTON)
ss
COUNTY OF
1'�� �' V � 2 0 '7 '1
On this day of 10'1�" �'A' (Al" before me, the undersigned, a Notary Public in, at d for
the State of Washington, duly commissioned and sworn, personally appeared 't( las y
tome Icnowntobetie -12,';��
f
0
TITLE PARTNERSHIP/CORPORATION
the (partnership/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 rnentioned, and on
oath stated that PU2- was authorized to execute said instrument and that the sea] affixed is the corporate
seal of said corporation.
WIT -NESS my liand and official seal hereto affixed the day and year first above written,
w,
NOTARY PUBLIC in and for the
State of Washington, residing at
7 1")
130NDITTEDOC'
kevised 09/96