20130312153859406.pdf0 E 1) 4,1 Date Posted
Date Expires
Account No.
City of Edmonds
121 5"' Avenue North Edmonds WA 98020 (425) 771-0220 Fax (425) 771-0221
Website:
DEVELOPMENT SERVICES DEPARTMENT
Planning - Building - Engineering
DEMOLITION FROZEN FUND ACCOUNT
Edmonds Building Permit Number
Project Address--
Owner/Developer/C
WHE,REMS, k Ll- C.- hereinafter referred to as "the Principal",
has secured Building Permit No. 7,P/Z, -, 100e] in conformance with the provisions of the
International Building or Residential Code to demolish a structure or other improvements at
I L) 2e, j-- within the City of Edmonds, and
WHEREAS, in order to provide security for the obligations of the Principal under the Edmonds
Community Development Code Chapter 19.00.03 )0 in the course of said demolition not to exceed 180
calendar days from the issuance of said Building Pert -nit by the City of Edmonds, hereinafter referred to
as "the City" and to enable the City of Edmonds to see -Lire completion of said obligations, including site
and public improvement restoration, site and street clean-up and final site grading,
NOW THEREFORE, this form will certify that this Banking/Financial institution
-p') ?:Z. herein referred to as "the Institution" has a savings
account/loan or other 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 pending written authorization for release of said funds by the City of Edmonds in the
amount of $ 1.1 00 6) 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 with the provisions of the applicable Building Code and Ordinances of the City of
Edmonds within a period of calendar (lays from the date of issuance of the building
permit, The financial institution shall, upon demand of the City and the failure to Cure the noted
defects within a reasonable Mount 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 creatitig an obligation on the part of the City or its representatives.
LABuilding New Folder 20 1 O\Foi,tiis\BONDDEMOFF.(Ioc6/29/201 I
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 this i �� "' day of ° rx, v- t.
Fia cra n�tit tio�Developer/Owner/Principal
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��� ��Developer/i.w��er/Pri�i`�pa1ku, �' i����
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Officer/Title6 J 11,13 PrmNarn„e mm �
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Address/Phone Address/Phone
Account Number
FINANCIAL INSTITUTION ACI-NOWLEDGEMENT
STATE OF WASHINGTON)
ss.
COUNTY OF
On this / day of i ,,.p. before me, the undersigned, a
U. g y personallyappeared..
t Washin ton, duly commissioned and
Notary Public in and for the State sworn, exsona
rto me known to be thew. ��-i"..
ofi4e- °, t"'°" , 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 t was
authorized to execute said instrument and the seal affixed is the corporate seal of said institution.
,Pt= 1®4 and and official seal hereto affixed the day and year first above written.
44-
o
%loTalp 'ee NOTARY PUBLIC inandfor the State of
Washington, '
n on residing at
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epa.••.9 ^.e..ndo^'�o .�Wn�m'�w^��
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LABuilding New Folder 2010\Forms\BONDDEMOFF.doc6/29/201 1
City of Edmonds Demolition Frozen Fund Account
Page Three
STATE OF WASHINGTON )
ss.
COUNTY OF )
On this i' / ie, , day of A- - e d", j 77 , before me, the under -signed,
a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared
/Z to me known to be the Al a v ci of
�ir the grralparth� ,
�.,.,� ,r ° erIrip. at executed the foregoing instrument, and
acicnowl�. ����,,,�� o /_ t_ ..
...,,..
edged the said instrument to be the free and voluntary act and deed of said partnership, for the
uses and purposes therein mentioned, and on oath stated that
1 was authorized to execute said instrument.
WITNESS my hand and official seal hereto affixed the day and year first above written.
L\Building New Folder 2010\Forms\BONDDEMOFF.doc6/29/2011
NCTAR 4PUBLIC in and for the State of
�
Washington, residing r esi.ding at .y) "i e-
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Ag�d�r4 ! ry „ ;; �b a .r i, a TD' p'H,w..;+ u... vw:�!, 1 B W Mr.