Coons Bond Release.pdfCITY OFEDMONDS GARYHAAKEN'SON
MAYOR
121 9"I"Fl AVENUE NORTH m EIDCw1ONDS, WA 98020 -X425-771-072217 w FAX 425-771-0221
Webs0p: www.c'i.edmonds.wsus
PUBLIC WORKS DEPARTMENT
Eiigheerirlg Division
ALI('Ust 1.2, 2010
Washington Mutual Baa l,�
424-5t1i Ave S
Edmonds, SVA 98020
S-04-106
22.115-96`1' Ave W, Edmonds
Marls E. Coons
Frozen Fund Account 433765()3576
The improvenncnts required as a condition of development in association with the above
referenced project have been completed and acceded by the City of Edmonds. The City
hereby authorizes release of the funds held in Frozen Fund Account No. 3376503576, in
the amount of$3,500.
Please Feel free to contact nae with any questions you may have. f can be reached by e-
mail at inaeconnell a,ci.edmonds.wa.Lis or by phone at 425.771.02.20 x1338.
Regards,
,J ANTE WCONNELL,
nnainneerinrg Program Manager
C: Mark Coons
File S-04-106
6
S'\LIN GN1 ADD
I case. -08 12 1 O. F)OC
11, 1890
Sister City - Heisinan, Japan
Date Posted
Date Expires �' ` r
Edmonds 'Subdivision/Plat/Permit No. K_
Project Name AV"a� 7, 4L: '
Project Address
Owner/Developer/Contractor ,Y u
Improvements Bonded For 3a%�" f � ��.��z � N,� r.�� � �,� �> �" `'�Izzi
With reference to the above -identified platter, 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 suras 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 institution froin any disbursements of any kind until
written authorization has been received by the institution from the City of Edmonds to release the sura 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
'-- s/montbs, the City of Edmonds may demand, and the institution shall make, payment
to the City of said fiends 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 ofl;'drnonds
Performance Bond - Frozen Fund.
Page 2
APPROVED: 114po-1-- 0oo'es,
NAME OF FINANCIAL INSTITUTION OWNE DEV OPEI CONTRACTOR
OFFICER SIGNATURE/TITLE <,''.: SIGNATURE ABOVE,
INSTITUTION MAILING ADDRESS
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CITY/STATE/ZIP
PHONE
ACCOUNT NUMBER DATE
FINANCIAL I STITUTI N NOTARIZATION
STATE GE WASHINGTON)
)
ss
COUNTY OF
On this day of„fa.I; mm �..,
., °°” 20 , a , before me, the undersigned, a Notary
Public in and for the State of Washington, duly commissioned and sworn, personally appeared
N
to me known to be the L.�k u°
Title
r
of�A the corporation that executed the foregoing instrument,
Narne 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 ti, il, 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.
for°V Public
My S
tate of Washington
NOTARY PUBLIC in and for the CGWOODS ont
Expifes Nov 27, 2007 State of Washington, residing at
a
BoNDITFEDOC
Revised 09/96
MAILING ADDRESS
I
C
CITY/STATE/ZIP
CITY OF EDMONDS
ACCOUNT NUMBER DATE
FINANCIAL I STITUTI N NOTARIZATION
STATE GE WASHINGTON)
)
ss
COUNTY OF
On this day of„fa.I; mm �..,
., °°” 20 , a , before me, the undersigned, a Notary
Public in and for the State of Washington, duly commissioned and sworn, personally appeared
N
to me known to be the L.�k u°
Title
r
of�A the corporation that executed the foregoing instrument,
Narne 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 ti, il, 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.
for°V Public
My S
tate of Washington
NOTARY PUBLIC in and for the CGWOODS ont
Expifes Nov 27, 2007 State of Washington, residing at
a
BoNDITFEDOC
Revised 09/96