Frozen Funds - 10723 Demo.pdfO F E D O Date .Posted
+ Date Expires /
-� Account No.
' City of Edmonds
121 5"' Avenue North - Edmonds WA 98020 - (425) 771-0220 Fax (425) 771-0221
Website: www.ci.edmonds.wams
�St 1 $9p DEVELOPMENT SERVICES DEPARTMENT
Planning - Building - Engineering
DEMOLITION FROZEN FUND ACCOUNT
Edmonds Building Permit Number Lb a- 0/ e 1 Z%/
Project Address /077-3 Z3 �, rp At SV /V
WHEREAS, ftZL-! , hereinafter referred to as "the Principal",
has secured Building Permit N . L� Z 0 9 Z in conformance with the provisions of the
International Building or Residential Code to demolish a structure or other improvements at
/D?j� 7—IS'TH Tat- 5"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 19.00.030 in the course of said demolition not to exceed 180
calendar days from the issuance of said Building Permit by the City of Edmonds, hereinafter referred to
as "the City" and to enable the City of Edmonds to secure 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
bg e- y 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 $ 0,1 000, `t- 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 Jkd calendar days 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 amount 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 creating an obligation on the pant of the City or its representatives.
U\Building New Folder 2010\Forms\B0NDDEM0FF.doc6/29/2011
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 25 f" day of
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inancialI tit ion
Officer/Title
16 3 3 (a Ay ro/x ,4ye
Address/Phone
T6/6q 76
Account Number
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FINANCIAL INSTITUTION ACKNOWLEDGEMENT
STATE OF WASHINGTON )
) ss.
COUNTY OF I<tPj )
On this day of $ 2p,6m Mg. before me, the undersigned, a
Notary Public in and for the
" State of Washington, duly commissioned and sworn, personally appeared
M - Q w, A S� 4 Y 1 to me known to be the M eM 6'r CD WSV
of Let k , 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 Kt1—
authorized to execute said instrument and the seal affixed is the corporate seal of said institution.
WITNESS my hand and official seal hereto affixed the day and year first above written.
ERIN RAE VAUTIER i
STATE OF WASHINGTON
NOTARY PUBLIC
MY COMMISSION EXPIRES i
02-26-20
NOTARY PUBLIC in andfor the State of
n
Washington, residing at I (- -"
LABuilding New Folder 2010\Forms\BONDDEMOFF.doc6/29/2011
was
City of Edmonds Demolition Frozen Fund Account
Page Three
DEVELOPER/OWNER/PRINCIPAL ACKNOWLEDGEMENT
STATE OF WASHINGTON )
ss.
COUNTY OF )
w
On this ,day of 01 before me, the under -signed,
a Notary Public in and for the State of Washington, duly commissioned and sworn, personally appeared
2a.r► �� h� 6 .sti-o
paAn'ership that
Wko
executed the foregoing instrument, and
rh�l acknowledged the the said instrument to be the free and voluntary act and deed of said .piaue;ship, 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.
ERIN RAE VAUTIER
STATE OF WASHINGTON
NOTARY PUBLIC
MY COMMISSION EXPIRES
02-26-20
LABuilding New Folder 2010\Forms\BONDDEMOFF.doc6/29/2011
fit,.. Rae VaLll (-A
NOTARY PUBLIC in and for the State of
Washi gto residing at
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