20150202114449679.pdfOVEDAf Date Posted
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City of Edmonds
121 5'hAvenue North - Edmonds - WA 98020 - (425) 771-0220 Fax (425) 771-0221
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DEVELOPMENT SERVICES DEPARTMENT
JgqC) Planning - Building - Engineering
Edmonds Building Permit No. BLD 20140317
Project Address: 15911 74th Place West Edmonds
Owner/Developer: Leroy Saunders
With reference to the above identified project, this will certify that this Banking Institution has
a frozen fund account/savings account (or loan) for the above -referenced developer/owner for the
project so identified. In consideration of the permitted development of the property 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
$500.00.
The total sum indicated will be withheld by this Banking Institution from any disbursements 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 from the City.
The design, location, materials and other specifications for the indicated site improvements are
those required by the City of Edmonds and appear in the above -referenced Edmonds building permit
file and are in compliance with the Edmonds Community Development Code of said City.
In the event the owner/developer fails to complete the indicated improvements within
9nths, (not to exceed 24 months) hs) 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 agreement or to collect said frozen fund, 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 suit, 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
frozen fiend account, but also over and above said. body as a part of any recovery in any judicial
proceeding, in addition to recovery of the funds.
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City of Edmonds Performance Frozen Fund Account
Page Two
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Mailing Address
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Account Number Telephone Number
STATE OF WASHINGTON)
COUNTY OF )s o//v'`/' /-/
On this �11�
day of �/'ILS , >'� , before me, the
undersigned, a Notary Public in and for the State of Washington, duly commissioned and sworn,
personally appeared �W / 0-F
, to me known to be the
of� �%'��'� the 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 mentioned, and on oath stated that �/r
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.
NOTAVY PUBLIC in and for the
State of Washington, residing at
/0 &za
C:\Users\office\Downloads\Saunders PerformanceFrozen (2).doc8/12/2014
Notary
State of
City of Edmonds Performance Frozen Fund Account
Page Three
STATE OF WASHINGTON )
ss.
COUNTY OF )
On this , day of , before me, the under -signed,
a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared
to me known to be the of
the general partnership that executed the foregoing instrument, and
acknowledged 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
was authorized to execute said instrument.
WITNESS my hand and official seal hereto affixed the day and year first above written.
NOTARY PUBLIC in and for the State of
Washington, residing at
C:\Users\office\Downloads\Saunders PerformanceFrozen (2).doc8/12/2014