Frozen Fund Bond-Niebruegge SP.pdfJ,
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'I"Y OFEDMONTYS",�',
"I: rJ1 '12-15` AVENUE NOR-rH • EDWNIDS, WA 9802a . 425 771 0220 FAX1125-771-022,1 MAYOR
Bond No.
PUBUG WORKS DEPARTMENT
st, I gP Enginc-ering Division lrnprovements to be
complete by
N.D- WIZE�NfILNQ
Edmonds Subdivision/Plat/Permit No,
J
Project Name
Project Address I
LL
Owner/Developer/Contractor 1� J
Improvements Bonded For
- n 's
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. 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 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 $ / u a I'll? K"
The total sum indicated will be withheld by this institution from any disbursements of any kind until
written authorization has been received by the institution fi-orn, 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 as appear in the above -referenced Edmonds file and in compliance with
Chapter 17.10 ECDC of said City.
In the event the oWner/dqveloper/contractor fails to complete the, indicated improvements within
weeks/Qknths,,.1he 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 immediatelyto City
standards. The institution shall not be liable to the owner
of Edmonds. for any disbursement of said funds to the pity
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 airy
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 ftorn the proceeds of this bond, but also over and above said body as a part, of
any rccovery in anyjudicial proceeding, it�i, addition to recovery of the bond,
City of Edmonds
Performance Bond - Frozen I"und
Page 2
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NA NTE OF FINANCIAL INSTITUTION
APPROVED:
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ACCOUNT NUMBER
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FINANCIAL, INSTITUTION NOTARIZATION
STATE OF WASH fNGTON)
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COUNTY OF
On this day of 20 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 ir'
pTitle
of 0
the corporation that executed the foregoing
instrument,
Name of Firm
and aelmowledged the said instrument to be the fi-ec and voluntary act and deed of said
corporation, for the uses and purposes therein mentioned, and on oath stated that
L'' C, was authorized to execute said instrument and that the sea] affixed is the corporate scat of
said corporation.,
WITNESS my hand and official sea] hereto affixed the day and year first above written.
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State of Washington, residing at
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State of Washington, residing at
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City.of Edmor)ds
Perforinance Bond Frozen Fund
Page 3
STATE OF WASHINGTON)
ss
COUNTY
On this 20 before inn, flie undersigned, a Notary
Public in and for the State of Washington, duty commissioned and sworn, personally appeared
to me known to be C'fA- (1
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TITLE PA RTI`
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 arid
purposes therein mentioned, and on oath stated that i/t411.�111-1 was authorized to execute said
instrument and that, the seat affixed is the corporate seal of'said corporation.
WITNESS my hand and official seal hereto :affixed the day and year first above: written,
.... . ...... ....
NOTARYPUBLIC in," hd for the
State of Washington, residing at
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