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HomeMy WebLinkAboutMaintenance BondDEPARTMENTOFCOMMUNITYrtviANDECONOMICDEVELOPMENT‘MAINTENANCEBONDBondNumber:____________________ProjectName:KNOWALLMENBYTHESEPRESENT;thatwe___________________________________________asPrincipal,andacorporationorganizedandexistingundertheLawsoftheStateof__________________________SuretyareheldandfirmlybounduntoTHECITYOFRENTONasObligee,inthetotalsumof_________________________________________________________________($)dollars,forthepaymentofwhich,wellandtrulytobemade,theexecutors,administrators,successorsandassigns,jointlyandseverally,firmbythesepresent:For:NOWTHEREFORETHECONDITIONOFTHISOBLIGATIONISSUCH,ThatifthePrincipalshallmaintainandremedysaidworkfreefromdefectsinmaterialsandworkmanshipforaperiodoftwo(2)yearsfollowingcompletion,thenthisobligationshallbevoidotherwiseshallremaininfullforceandeffect.SIGNED,SEALEDANDDATEDthis__ __ __ _ _DAYOF_____________________,20_ __ __ _ __Applicant’sSignatureSignatureofBondingAgentApplicant’sName(Print)NameofBondingAgent&Company(Print)AddressAddressCity,State,ZipCity,State,Zip&PhoneAttachPowerofAttorneyFormandMaintenance&DefectAgreementtoBondH:\CED\Data\Forms-Templates\SeIf-HeIpHandouts\PubIicWorks\MAINTENANCEBOND.docxRev:04/2015 DEPARTMENTOFCOMMUNITYCityofANDECONOMICDEVELOPMENT-MAINTENANCEANDDEFECTAGREEMENT(TwoApplicant’sNameandAddressyears)Forpublicroads,drainagefacilities,andotherpublicimprovementsAgreementNumberProjectNameandNumberGuaranteeAmountSiteLocation/SectionThisagreementismadeandenteredintothis__ __ _dayof__ __ __ __ __ __ _ ,20__,betweentheCityofRenton,hereinaftercalledtheCITY,andtheabovenamedapplicant,hereinaftercalledAPPLICANT.BasisforAGREEEMENT:WHEREAS,theundersignedAPPLICANThasconstructedpublicroadsand/ordrainagefacilitiesandotherpublicimprovementstobedeededtotheCITYinconnectionwiththeabove-referencedproject;andWHEREAS,theAPPLICANThasagreedtosecurethesuccessfulmaintenanceandoperationofsaidimprovementsforthereferencedprojectpursuanttoRMC4-6-030andRMC9-10-5.NOWTHEREFORE,theAPPLICANTherebyagreesandbindsitselfanditslegalrepresentatives,successors,andassignsasfollows:TermsoftheAGREEMENT:1.TheimprovementsconstructedbytheAPPLICANTorhisrepresentativeshallsuccessfullyoperateandshallremainfreeofdefectsindesign,workmanship,andmaterialsforaperiodoftwo(2)yearsfromthedateofsatisfactorycompletionoftheimprovementsorfinalplatapproval,whicheverislater.AsusedinthisAGREEMENT,theterm“defects”includesbutisnotlimitedto,damageresultingfromconstructionactivitiesand/oruseduringthetwo(2)yearperiod.2.TheAPPLICANTisresponsibleformaintenanceofthepublicroad,drainagefacilitiesandotherpublicimprovements,includingtheroadwaysurfaceforthetwo(2)yearperiodfromthedateofsatisfactoryconstructionapprovalorfinalplatapproval,whicheverislater.3.Intheeventofanyfailureoftheimprovementstosatisfactorilyoperateorintheeventofadefectindesign,workmanship,ormaterials,theAPPLICANTshallpromptlyandadequatelyrepairand/orcorrectthefailureordefect.4.TheCITYwillperformmaintenanceinspectionsduringthetwo(2)yearperiod.5.Duringthetwo(2)yearperioduponnotificationbytheCITY,theAPPLICANTshallcorrectand/ormakerepairstotheright-of-wayimprovementswithinthetimeperiodspecifiedbytheCITYwhendefectsinthedesign,workmanship,ormaterialsoccur.6.IntheeventtheCITYdeterminesthatrepairsmustbeperformedimmediatelytopreventrisktoperson(s)andproperty,theCITYmaymakenecessaryrepairsandthecostsofthoserepairsshallbepaidbytheAPPLICANTupondemand.1H:\CED\Data\Forms-Iemplates\SeIf-HeIpHandouts\PublicWorks\MaintenanceandDefectAgreement.docx07/27/2012 AgreementNumberProjectNameandNumber7.TheAPPLICANTshallpayallrequiredfeesinaccordancewithRentonMunicipalCode.8.Attheendofthetwo(2)yearperiod,theAPPLICANTshallcleanthedrainagefacilitiespriortotheCity’sfinalinspection.9.If,attheconclusionofthetwo(2)yearperiod,theCityofRenton,atitssolediscretion,determinestheimprovementsarenotadequatelymaintained,theAPPLICANTshallperformpromptmaintenancetotheCITY’ssatisfaction.IntheeventthismaintenanceisnotperformedwithinthetimeperiodspecifiedbytheCITY,theCITYwillinvoketheenforcementprocessesfoundinRMCChapter1-3.10.AnyfailurebytheAPPLICANTtocomplywiththetermsofthisAGREEMENTinatimelymannershallconstitutedefault.AnyactionorinactionbytheCityofRentonfollowinganydefaultinanytermorconditionofthisAGREEMENTshallnotbedeemedtowaiveanyrightsoftheCityofRentonpursuanttothisAGREEMENT.11.TheAPPLICANTshallindemnifyandholdtheCITYanditsagents,employeesand/orofficersharmlessfromandshalldefendatitsownexpenseallclaims,damages,suitsatlaworequity,actions,penalties,losses,orcostsofwhatsoeverkindornature,broughtagainsttheCITYfornegligencearisingoutof,inconnectionwith,orincidenttotheexecutionofthisAGREEMENTand/ortheAPPLICANT’sperformanceorfailuretoperformanyaspectoftheAGREEMENT.Provided,however,thatifsuchclaimsarecausedbyorresultfromconcurrentnegligenceoftheAPPLICANTandtheCITY,itsagents,employeesand/oroffices,thisprovisionshallbevalidandenforceableonlytotheextentofthenegligenceoftheAPPLICANT,andprovidedfurther,thatnothinghereinshallrequiretheAPPLICANTtoholdharmlessordefendtheCITYfromanyclaimarisingfromthesolenegligenceoftheCITY’sagents,employeesand/orofficers.12.IntheeventthatanypartdeemsitnecessarytoinstitutelegalactionorproceedingstoenforceanyrightorobligationunderthisAGREEMENT,thepartiesheretoagreethatanysuchactionorproceedingshallbebroughtinacourtofcompetentjurisdictionsituatedinKingCounty,Washington.13.TheAPPLICANTisgrantedtherightaccessCITYright-of-way,tracts,andeasementsdedicatedtotheCITYforthepurposeofperformingworkrequiredbythisMaintenanceandDefectAgreementuntiltheAGREEMENTisreleased.ReleaseRequirements:ThisAGREEMENTshallremaininforceandeffectandshallnotbereleaseduntilalltermsofthisAGREEMENThavebeencompletedtothesatisfactionoftheCityofRenton.INWITNESSTHEREOF,thepartiesheretohaveexecutedthisAGREEMENTasofthedayandyearfirstabovewritten.APPUCANTByTitleDateReceivedforCityofRentonByDate2H:\CED\Data\Forms-Templates\SeIf-HeIpHandouts\Pub!icWorks\MaintenanceandDefectAgreement.docx07/27/2012