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APR 1 2013
UEVELOPMENI SERV20ES
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Date Posted - zol 3
Date Expires . 1' - 'L 3 I a
Account No. u��5c�3op�a65
City of Edmonds
121 5`h Avenue North • Edmonds • WA 98020 • (425) 771-0220 Fax (425) 771-0221
Website: ®v®viv.ci.ednionds,wa.us1-1
DEVELOPMENT SERVICES DEPARTMENT
Planning • Building • Engineering
MAINTENANCE FROZEN FUND ACCOUNT
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Edmonds Building Permit No � 1` ) �. "
Developer/Owner_ ...... __. S ��
Project Address
WHEREAS, . W ,u m n Ca • WgA..b „ r hereinafter referred to as "the Principal", has
constil u�1 and installed certainimprovements n do apr
9902 project mown as�-�� oa site at ��b
within the City of Edmonds, and
WHEREAS, in order to provide security for the obligation of the Principal to repair or replace any
improvement which proves defective within :� year(s) (not to exceed years) from acceptance
of the improvement by the City of Edmonds herein referred to as "the City", and to enable the City to
release the performance bond/fiozen fund account provided in connection with said improvements, this
bond has been secured and is hereby submitted to the City.
NOW, THEREFORE, the undersigned Principal and _ I'1 e X00 u rq-
a Financial Institution authorized to transact financial business in the State of Washington, hereinafter
referred to as "the Institution", agree and bind themselves, their heirs, executors, administrators and
United Statestac according t ethe;aailc�v�� �_. ��rr�� � lawful money of the
assigns, �' .sum of
ung terms 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 remain
free from defects in materials, workmanship or installation or in the case of landscaping, fail to survive
for a period of .. Z__year(s) from the date of acceptance of the installation by the City, the hlstitution
shall, upon demand of the City and the failure to cure the defect within a reasonable time as determined
and specified by the City, remit to the City within ten (10) days of receipt of demand for remittance, the
amount of this bond or such lesser amount as may be specified in the demand.
2) If the Principal fails to cure any defect within the time period requested by the City, its
employees and agents are hereby authorized to enter onto said property and perform said work. This
provision shall not be construed as creating an obligation on the part of the City or its representatives.
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
attornevs' fees, incurred as a result of such lawsuit.
City of Edmonds Maintenance Frozen Fund Account
Page Three
J)'EVELOPEIVOWNER AC'KNOWLEDGEMENT
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STATE OF WASHINUrON'
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COUNTY OF GDrn'% S�N)
On this day of 4* 2-1b 13 ,before me, the under signed,
a Notary Public in and for the State of Washington, duty commissioned and sworn, personally appeared
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to n known to be the eof-KO-p- __I,
W
that executed the foregoing instrumet , and acknowledged the said instrunient to be
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Che -free and voluntary act anti deed of said pmfmn,.qhV, for the uses and purposes therein mentioned,
and on oath stated that h e -
instrument.
WITNESS my hand and official seal hereto affixed the day,
was authorized
first above
to execute said
`Ali" PUBLIC in and for tl
g residing of Washin ton, resi ing at
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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 performed and until released in writing by the City at the
request of the Institution or the Principal.
Pri44*7 0,41-O&A
Mailing Address/Phone U
� ASAO � 1 I toy
Account Number
Phone Number
FINANCIAL INSTITUTION ACKNOWLEDGMENT
DGMI!NT
STATE OF WASHINGTON )
ss.
COUNTY OF
On this day of �� �, before me, the under -signed,
....__,
a Notaiy Public in and for the State of Washington, duly commissioned and sworn, personally appeared
to me known to be the mma ,of
the corporation that executed the foregoing instrument,
and acknowledgcd 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 Sh 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.
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,t"N" State of Washington, residing at