NortonPB.pdfDate Posted T N— 0�
Date Expires
CITY OF EDMONDS
121 5TH AVENUE NORTH • EDMONDS, WA 98020 • (425) 771-0220 • FAX (425) 771-0221
Website: www.ci.edmonds.wa.us
DEVELOPMENT SERVICES DEPARTMENT
Planning • Building • Engineering
PERFORMANCE BOND - FROZEN FUND
GARY HAAKENSON
MAYOR
aA 2-7o524002 J 4 000
Edmonds Subdivision/Plat/Permit No. #S 2--7 , 4MG6 03 56_-n�� Z4+_G�� �, N W
Project Name NO :M rJ CA9,L4 IZU A -D G UF_ST g` Ey"per.
Project Address SCI C �O+D GDJA QAJD 5 %AJ!4- Ci ECU . Q
Owner/Developer/Contractor S i rJ q OIL
Improvements Bonded For V
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 $
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 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 as appear in the above -referenced Edmonds file and in compliance with
Chapter 17.10 ECDC of said City.
In the
to the City
standards.
Edmonds.
event the owner/developer/contractor fails to complete the indicated improvements within
weeks/months, the City of Edmonds may demand, and the institution shall make, payment
of said funds so that the improvements can be installed or completed immediately to City
The institution shall not be liable to the owner for any disbursement of said funds to the City of
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 any
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 from the proceeds of this bond, but also over and above said body as a part of
any recovery in any judicial proceeding, in addition to recovery of the bond.
0 Incorporated August 11, 1890 0
City of Edmonds
Performance Bond - Frozen Fund
Page 2
Ir
I - l X rl ��- A l �� APPROVED:
NAME Of FINANCIAL INSTITUTION
OFFICER SIGNATURE/TITLE
ENTITLE T
P o . Box '7o
INSTITUTION MAILING ADDRESS
CITY/STATE/ZIP
Z" --)-7 g—/)– �;'<
PHONE
X11)2>CX7003'
ACCOUNT NUMBER - — --
O WNS7LOPER/CONTRACTOR
SIGNATURE OF ABOVE
bac o Qlicm a4AD...
MAILING ADDRESS
-C-0110r� I yyA-
CITY/STATE/ZIP
ACCEPTED: CNL ZA A4
CITY OF EDMONDS
q -tit —o(to
DATE
FINANCIAL INSTITUTION NOTARIZATION
STATE OF WASHINGTON)
ss
COUNTY OFirw0l��Yi�11�
On this day of , 20, before me, the undersigned, a Notary
Public in and for the State of Washington, duly commissioned and sworn, personally appeased
to me known to be the osLD—n-ei�
Title
of Ncy�Qn C rt1A Qad &ue5" -ice the corporation that executed the foregoing instrument,
Name of Firm ]�effl0 f I
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%E—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.
NOTARY PUBLIC in and for the,
State of Washington, residing at
BONDPFPP.DOC
Revised 09196
City of Edmonds
Performance Bond - Frozen Fund
`,Page 3
OWNER/DEVELOPER/CONTRACTOR
STATE OF WASHINGTON)
) ss
COUNTY OF 151DhM? -)V)
On this day of 5`C1jYllp('r- , 20�O, before me, the undersigned, a Notary Public in and for
the State of Washington, duly commissioned and sworn, personally appeared twqi c& o vio Y-)
to me known to be the OUQYIRY- of N0y-yuy) (,ayy 011e'1j A -fl i 12r -q\ ec+,
TITLE PARTNERSHIP/CORPORATION
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 and purposes therein mentioned, and on
oath stated that—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.
i'lr��..�..�y�s
0
i v�► NOTARY PUBLIC in and for the
7' �t C State of Washington, residing at
Q44
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BONDPFFF.DOC
Revised 09196
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