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Ordinance 28660006.150.081 KCH/lly 07/23/91 R10/24/91 ORDINANCE NO. 2.866 AN ORDINANCE OF THE CITY OF EDMONDS, WASHINGTON, AMENDING EDMONDS COMMUNITY DEVELOPMENT CODE SECTION 19.05.050 TO EXPAND AND CLARIFY BONDING AND INSURANCE REQUIREMENTS, AND PROVIDING FOR AN EFFECTIVE DATE. THE CITY COUNCIL OF THE CITY OF EDMONDS, WASHINGTON DO ORDAIN AS FOLLOWS: Section 1. Edmonds Community Development Code section 19.05.050 entitled BONDS AND PUBLIC LIABILITY INSURANCE is hereby amended to read as follows: 19.05.050 BONDS AND PUBLIC LIABILITY INSURANCE a. Bonds. 1. A surety bond, in an amount to be determined by the Director, executed by a surety company authorized to do business in the state of Washington, shall be posted by the applicant to assure the restoration of any areas on the site or in the surrounding area disturbed or damaged by slides during construction, and to ensure completion of the work authorized by the permit, or, if the work is not completed, to assure that the site will be restored to a safe condition. The bond will be exonerated upon occupancy approval or upon final approval of the building permit by the building official. 2. In lieu of the surety bond, the owner may elect to file a cash deposit or an instrument of credit with the Director in an amount equal B. to that which would be required in the surety bond, and similarly conditioned. Insurance. 1. The owner's contractor shall carry general public liability insurance effective through final occupancy approval, for the amount which the Director determines to be appropriate and which shall name the City as an additional named insured, against the injury, death, property damage and/or loss arising from or out of the City's involvement in the permitting process for the project. 2. The owner shall also maintain effective upon final approval of the building permit a policy of general public liability insurance, naming the City as an additional named insured, against personal injury, death, property damage and/or loss arising from or out of the city's involvement in the permitting process for the project in an amount which the Director determines appropriate given the potential for loss in the event of site failure for a period of not more than 10 years from the date of final approval of the project. If such insurance is practically unavailable, the applicant may request review of alternative methods of assurance under our subparagraph 3 below. The policy itself may be annually renewed but coverage must be continuously maintained throughout the period. The amount shall be determined by review of the potential loss to both public and private property which could be attributable to the development. A certificate evidencing such insurance shall be filed with the Building Official before final approval of the permit. Any insurance policy required by KCH4163.1O -2- this rule shall provide that the City will be notified of cancellation of the policy thirty (30) days prior to cancellation. Said notice shall be sent to the Building Official of the City of Edmonds and shall specify the insured's name and property address. If a property owner's insurance is cancelled and not replaced, the certificate of occupancy, if any, may be revoked and the Building Official is further authorized where appropriate to require vacation of the structure in accordance with the provisions of Section 202 of the Uniform Building Code until such time as the insurance has been reinstated. 3. If the applicant is unable to provide adequate insurance coverage under subparagraph 2 above and significant public or private improvements are put at risk by the development, the Director may require for a period of not more than 10 years from the date of final approval of the project insurance, bonding, a frozen fund account, a letter of credit or other proof of financial responsibility indicating the applicant's capacity to fulfill its indemnification agreement with the City and to fulfill the applicant's legal responsibility to neighboring properties. Section 2. This ordinance, being an exercise of a power specifically delegated to the City legislative body, is not subject to referendum, and shall take effect five (5) days after passage and publication of the ordinance or a summary thereof consisting of the title. APPROVED: MAY R-,—LAU ALL KCH4163.1O -3- ATTEST/AUTHENTICATED: J. MARCH APPROVED AS TO FORM: OFFICE OF THE CITY ATTORNEY '1 BY W. S OTT SNYDER FILED WITH THE CITY CLERK: July 23, 1991 PASSED BY THE CITY COUNCIL: January 21, 1992 PUBLISHED: February 1, 1992 EFFECTIVE DATE: February 6, 1992 ORDINANCE NO. 2866 KCH4163.10 -4- Affidavit of Publication STATE OF WASHINGTON, COUNTY OF SNOHCjvjISH, ( ss The undersigned, being first duly sworn on oath deposes and says that she is Principal Clerk of THE HERALD, a daily newspaper OFF.,.., printed and published in the City of Everett, County of Snohomish, 0.2866 Of and State of Washington; that said newspaper is a newspaper of ington oi�anuory`, general circulation in said County and State; that said newspaper I of the City I Ordinanceary of the has been approved as a legal newspaper by order of the Superior provides Court of Snohomish County and that the notice .............. THE CITY ...... `- _.Summary. of Ordinance No. 2866 CODE SECTIONE1905- SOETO BONDING ANDD INSURANCE PROVIDFNGMFORSND 'AN EFFEC. City of Edmonds TIVE DATE........................................... will befmalled upon request. DATED this 21st day of January 1992: CRI ity Clerler kJ. MARCH .................................. .................. -.................... .............................. Published: February 1, 1992, a printed copy of which is hereunto attached, was published in said newspaper proper and not in supplement form, in the regular and entire edition of said paper on the following days and times, namely: ... ebrua y... 1992 ........................................................................................ .............................................................................................I and that said newspaper was regularly distributed to its subscribers during all -'of said Oriod. r - .............:....""..'. ............................ ... ............ . Principal Clerk Gi Subscribed and sworn to before me this.... 2.0.th........... r day of ... ...... .o? Ll........................................ 19.... 9 2 i .......... �.................... i„_ ............................ ............ Notary Public in and fo the State of Washington, / residing at Everett, Sno omYsh County. B-2-1