HomeMy WebLinkAboutS_Release_Letter_Landscape_Maintenance_AOF_138123663403_LUA17-000282_20230111
January 11, 2023
WM Wayne Jones, Jr.
Lakeridge Development I, LLC
PO Box 146
Renton, WA 98057
SUBJECT: RELEASE OF LANDSCAPE MAINTENANCE ASSIGNMENT OF FUNDS #138123663403
MINDY’S PLACE / LAND USE FILE LUA17-000282
Dear Mr. Jones:
This letter is to serve as authorization to release the landscape maintenance Assignment of Funds
account #138123663403 held at Bank of America that was issued to you on November 14, 2017, in the
amount of $14736.15. This item was posted to the City of Renton on behalf of Mindy’s Place project.
Enclosed is the original document for your reference.
If you have any questions, please contact me at bbannwarth@rentonwa.gov or (425) 430-7299.
Sincerely,
Brianne Bannwarth
Development Engineering Director
Enclosure(s): Assignment of Funds Account #138123663403
DEPARTMENTOFCOMMUNITYANDECONOMICDEVELOPMENT—““Renton0ASSIGNMENTOFFUNDSTOCITYOFRENTONPDBox146Renton,WA987057ProjectNo.(PR)/ConstructionPermitNo.(U)ProjectNameLUA17-000282/U156000278Mindy’sPlaceDepositAmountSiteLocation$14,736.1514020160thAveSETheBANKOFAMERICA,NA.FinancialInstitution,authorizedtodobusinessintheStateofWashington,herebycertifiesthatthesumof$14,736.15isondepositwiththeFinancialInstitutioninAccountNumber136123663403underthenameLakeridgeDevelopmentI,LLCtosecurefortheCityofRenton,hereinaftercalledtheCITY,theabove-namedApplicant’s,hereinaftercalledAPPLICANT,performanceofcertainworkandconditionsrequiredinconnectionwiththeabove-referencedproject.THECONDITIONOFOBLIGATIONisthat:1.TheAPPLICANThasexecutedan“Agreement”entitledFiveYearLandscapeMaintenanceAgreement“,acopyofwhichisattachedheretoandincorporatedhereinbythisreference.2.UndertheprovisionsoftheAgreement,theAPPLICANTisrequiredtofurnishguaranteetosecuretheAPPLICANT’ScompliancewiththetermsoftheAgreement.ITISFURTHEREXPRESSLYPROVIDEDthat:1.TheFinancialInstitutionherebycertifiesandagreesthatthesefundswillnotbereleasedwithoutwritteninstructionsfromanauthorizedagentoftheCITY.ThisAssignmentofFundsisirrevocableandmaynotbeterminatedorcancelledbytheAPPLICANTorFinancialInstitutionforanyreasonexceptuponspecificwritteninstructionsfromtheCITY.2.TheFinancialInstitutionagreesthatthesefundswillbepaidtotheCITYwithin10daysofreceivingwrittennoticethattheCITYhasdeterminedthatrequirementsoftheAgreementhavenotbeensatisfactorilyperformedwithinapplicabletimelimitsorthatrequiredfeeshavenotbeenpaid.TheFinancialInstitutionshallhavenodutyorrighttoevaluatethecorrectnessorappropriatenessofsuchnoticeordeterminationbytheCITYandshallnotinterpleadorinanymannerdelaysaidpaymentoffundstotheCITY.AnyunexpendedfundsshallbereturnedtotheAPPLICANTuponcompletionofthetermsoftheAgreement.3.TheobligationsoftheFinancialInstitutionandAPPLICANTshallnotbedischargedandshallremainineffectintheeventofanyextensionoftimefortheAPPPLICANT’SperformanceoftheAgreementorofanyamendmentoftheengineeringplansusedforconstructionoftheproject.TheFinancialInstitutionherebywaivesnoticeofanysuchextensionoramendments.4.TheAPPLICANT’SobligationtoperformtheworkorpayfeesandotheramountsisnotlimitedtotheamountofthisAssignmentofFunds.111/07/2016
ProjectNo.(PR)/ConstructionPermitNo.(U)ProjectNameLUA17-000282,U156000278Mindy’sPlaceFINANCIALNTITUTIONICIAL:II/,q?o,7(Signature)(Date)JonathanEasthope(PrintName)FINANCIALINSTITUTION’SMAILINGADDRESS:8005thAye,Floor32Seattle,WA98104206.358.5740(PhoneNumber)StateofWashington,CountyofKingIcertifythatIknoworhaveseensatisfactoryevidencethatJonathanEasthope(FinancialInstitutionOfficial)signedthisinstrumentandacknowledgesittobehis/hervoluntaryactfortheusesandpurposesmentionedinthisinstrument.Dated:fl//tf/Z0(NotarySealorStampforFinancialInstitutionOfficialSignature)(NotaryPublicStateofWashingtonIKARlJKOOCHAGIANMYCOMMISSIONEXPIRESOctet15,2019ItistheAPPLICANT’SresponsibilitytonotifytheCityofRentonofanychangeinaddress,telephonenumberorchangeofownershipoftheproperty.ItistheAPPLICANT’Sresponsibilitytoarrangeforreplacementofanv(alnancialgLjantepriortoanychangeofownership.AdklNT:APPLICANISMAILINGADDRESS:AJ,J_
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_PCBox146Renton,WA98057ReceivedrCityofRentonBy/‘DateSignatureofNotaryPublic:Title:pjo-rM-’lQ.i&4CMyappointmentexpires:to)’S/2019(Siikature)r/V(Date)LakeridgeDevelopmentI,LLC,Wm.WayneJonesJr..Manager4252289750(PrintName)(PhoneNumber)211/07/2016