Executed Frozen Fund Acct Vector One LLC 7-17-18.pdfDate Posted 7
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Account No.
City of Edmonds
121 5"' Avenue North - Edmonds WA 98020 (425) 771-0220 Fax (425) 771-0221
Website: www.ednwndswa.Lov
DEVIILOPMENTSERVICES DEPARTMENT
St. 1 �9i) I
planning - Building - F"Ilgirlecrilig
MAINTENANCE FROZEN FUND, AC.C,'OUNT
HArrionds Permit No. PLN20120021
Project Address: 8364 Qly111)1c- VIeW
Dewloper/Owner: — c'"fir "'.
WHEREAS, VW-z'-vg�w,( hereinafter ref -erred to as "the Principal", has
COIStIlletedand installed certain up)rovernents in connection with a ploject known as,
S�l ()It a Site located at
-(±L(111V11 —CA-1---- PLL 111 1
within the (..'ity of" Edmonds, and
WHEREAS, in order to provide security for the obligation ofthe principal to repair or replace any
irnproverrient which proves defective within ycar(s) fi-orri acceptance ot'the improvement by the City of.
Edmonds herein referred to as "the City", and to enable the City to release the performance
bond/fromi I'Lind account provided in connection with said improvements, this bond has been secured
and is hereby submitted to the City.
NOW 7711,,"REFORE', the undersi-ned principal and u, loc, "C
a Financial InStItUti011 authorized to transact financial business in the State of Washington, hereinafter
reFerred to as "the InSlItUnOrt", agree and bind themselves, their heirs, executors, administrators and
assigns, unto the City in the suer of - 1072.96 ------ --- lawful money of the
United States, according to [he following terns and conditions:
1) The Principal and Institution agree that In the event that any of` the improvements installed by
the Principal or Institution pursuant to the above referenced plans, conditions and file fail to reniain
fl-ec fi-orn defects in materials, workmanship or installation or in the case of landscaping, fail to survive
f'or a period of three --(jj-ycar(s) fi-orn the date of acceptance of the installation by the City, the
Institution shall, upon demand ol't:hc City and the filih.117C to cure the defect within a reasonable tine as
determined and specified by the City, rennt to the City within ten (10) (lays of'receipt of'Llernand for
reinitiance, the arnount Uthis bond or such I OSSCL 11110 Lint as rriay he specitied in the demand.
2) If' the Principal Bails to cure any def'ect within the tinie period requested by the City, its
employees and agents are hereby aLltll(.)I-Ized to enter onto said property and perform said work. This
provision shall not be construed as creating in obligation oil the part of the City or its representatives.
3) 111 the event any lawsuit IS instituted by the City ot'l-I'ditionds, the Principal or the Institution to
enforce the terms of'this bond or to determine the rights ol'any party hereunder, the prevailing party in
Such litigation Shall be entitled to recover frorn the losirn, party its costs, Including reasonable
attorneys' fees, ILICUITC(I aAS a result Of'SLICh IaWSLI1[,
6/2018
City of Edmonds Maintenance Frozen Fund Account
Page Two
4) This frozen fund account or savings account shall remain in force and effect until the
obligations Secured hereby have been fully pertbrined and until released in writing by the City at the,
request of the, Institution or the Principal.
DATE'D this i "HI
day of , —1 21 7
Financial histitUti,011
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Mmling Address/Phone
ACCOUnt Number
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Developer/Owner/Prin c , ipal
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Address
Phone Number
FINANCIAL INSTITUTION ACKNOWLEDGMEN'r
SI'ATEI 01" WASHJ,NGTON
m
CO IJ NT Y 0 f-,'
before ine, the under-signed,is day of 116
a. Notary Public in and fir the State of Washington, duly commissioned and sworn, personally appeared
1tj�ll) V, f
to me known to be the
70
`6 -e jJj A J� the cop:)ration that executed the f I going instrument,
'in(] acknowledged the said instrument to be the free and voluntary act and deed of said corporation, for
the USCS arld J)Urposes therein mentioned, and on oath stated that. was
Mithorized to execute said instrument and that the seal affixed is the corporate seal of said corporation.
WITNFISS my hand and official seal hereto affixed the day and year first above written.
Ij� 0 VIE V,OS N 4my"'I UB1.JC in and for - the
N, :6 Stag ofWashington, residing at
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City of Edmonds Maintenance Frozen Fund Account
Page Three
DE V ELOPE R/0WNE.RAC KNOW1,EDGEMENT
PaftneL,1hiL
STWIT OF WASHING-l-'ON
ss.
COUNTY Of,",`)�,IG,VAA,, t,� )
—
Oil this I 1 14"1 day of' t, -e me, the under signed,
2Z.—, ,before
a Notary Public in and for the State ofWashingL,ton, (July commissioned and sworn, personally appeared
to me known to be the W(T`-,V`V ("(", of the
general partnership that executed the 1*01-CgOlng inSIRMIC11t, and acknowledged the said HIStrUrnent to be
the free and voluntary act and deed of said partnership, for the uses and purposes therein mentioned,
and on oath stated that aUth0rjZCCl to execute said
instrument.
WITNIESS my hand and official seal hereto affixed the clay and year first above written.
I
NOTARY PUBLK in and for the
State of Washington, residing al:
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