HomeMy WebLinkAboutCash Surety Deposit Performance AssuranceDEPARTMENT OF COMMUNITY
AND ECONOMIC DEVELOPMENT
APPLICANT Name and Address
Name:
Address:
Phone #:
CASH SURETY DEPOSIT -
PERFORMANCE ASSURANCE
1012 SW 4th Pl
Project No. / Permit No.Project Name
Cash Surety Deposit
1012 SW 4th Pl Fire Hydrant
Site Location
PR25-000003 / C25001798
$2,000.00
The City of Renton (the "CITY"), hereby acknowledges receipt from the above-named APPLICANT, who
has paid the cash surety deposit amount noted above.
The APPLICANT hereby authorizes that the sum referenced above be kept on deposit with the City of
Renton Finance Department for the purpose of guaranteeing that the above-referenced project will be
completed in accordance with approved plans and conditions and applicable City standards no later than
________________________________. These improvements are described on the above referenced
permit(s).
THE CONDITIONS OF OBLIGATION is that:
Until written release of this obligation by the CITY, this cash financial guarantee may not be terminated
or cancelled by the APPLICANT for any reason.
1.
2.The obligations of the APPLICANT shall not be discharged or affected by any amendment of the
engineering plans used for construction of the project.
3.Upon failure of the APPLICANT to perform any of the terms of the AGREEMENT, the CITY may use the
funds to complete the work and pay outstanding fees and other amounts. The APPLICANT shall have no
duty or right to evaluate the correctness or appropriateness of the CITY'S determination that
requirements have not been to the CITY'S sole satisfaction, of the terms of the Agreement.
4.The APPLICANT'S obligation to perform the work or pay fees and other amounts is not limited to the
amount of this cash surety deposit.
It is the APPLICANT'S responsibility to notify the CITY of any changes in address, telephone
number or change of ownership of the property. It is the APPLICANT'S responsibility to arrange
for replacement of any/all financial guarantees prior to any change of ownership.
APPLICANT:
(Signature)(Date) (Print Name)
Page 1 of 1 | Published: 2/1/2018