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S_Bond_Release_Letter_Maintenance_SUR400005725_U13002615_181004.pdf
DenisLawMayorCommunity&EconomicDevelopmentC.E.“Chip”Vincent,AdministratorOctober4,2018YvonneBui35205198thStreetSeatac,WA98188SUBJECT:RELEASEOFPOWEROFAHORNEYANDMAINTENANCEBOND#5UR400005725LAKESIDEFAIRWOOD/UTILITYPERMIT#U13002615DearMs.Bui:ThisletteristonotifyyouthattheCityhasperformedatwo(2)yearwalk-throughoftheLakesideFairwoodprojectandtherewerenomaintenanceissuesreportedoriftherewereanymaintenanceissuestheyhavebeenresolved.Therefore,thisletterwillalsoserveasauthorizationtoreleasethePowerofAttorneyfromIronshoreIndemnityInc.andMaintenanceBond#5UR400005725issuedtoYvonneBuionJune4,2015intheamountof$47,744.95.TheseitemswerepostedtotheCityofRentononbehalfoftheLakesideFairwoodproject.Enclosedaretheoriginaldocumentsforyourreference.Ifyouhaveanyquestions,pleasecontacttheprojectmanager,JustinJohnsonat(425)430-7291.Sincerely,JenniferHenningPlanningDirectorEnclosure(s):IronshoreIndemnityInc.PowerofAttorneyMaintenanceBond#SUR400005725cc:JustinJohnson,DevelopmentEngineeringProjectManagerBrianneBannwarth,DevelopmentEngineeringManagerwW%1055SouthGradyWay,Renton,WA98057•rentonwa.gov CITYOFRENTONCOMMUNITYANDECONOMICDEVELOPMENTDEPARTMENTMAINTENANCEBONDU’i3cc)94y15BondNumber:SUR40005725ProjectNameLAKESIDEFAIRWOODKNOWALLMENBYTHESEPRESENTS;thatweCASTLEDEVELOPMENT.LLCasPrincipalandIRONSHOREINDEMNITYINC.acorporationorganizedandexistingundertheLawsoftheStateofMINNESOTASuretyareheldandfirmlybounduntoTHECITYOFRENTONasObligee,inthetotalsumofFORTYSEVENTHOUSANDSEVENHUNDREDFORTYFOURDOLLARSANDNiNETYFIVECENTS,(547,744.95)dollars,forthepaymentofwhich,wellandtrulytobemade,theexecutors,administrators,successorsandassigns,jointlyandseverally,firmbythesepresents:For:LAKESIDEFAIRWOODNOW,THEREFORFORETHECONDITONOFTHISOLIGATIONISSUCH,ThatifthePrincipalshallmaintainandremedysaidworkfreefromdefectsinmaterialsandworkmanshipforaperiodof(2)twoyearsfollowingcompletion,thenthisobligationshallbevoidotherwiseitshallremaininfullforceandeffect.SIGNED,SEALEDANDDATEDthis4THDAYOFBY:Applica/t’sSi!1Yr03520S198THSTApplicant’sAddressBY.IRONSHOREINDEMNITYINC.NameofBondingAgentCompanySEATAC,WA98188(206)281-8411TUNE,20isSignattireofBondingAgentSCOTTHUMBLE,ATTORNEY-IN-FACTCity,State,ZipCodeAgentPhoneNumber POWEROFAUORNEYSUR40005725IronshoreIndemnityInc.KNOWALLMENBYTHESEPRESENTS,thatIRONSHOREINDEMNININC.,aMinnesotaCorporation,withItsprincipalofficeinNewYork,NYdoesherebyconstituteandappoint:SCOTTHUMBLEItstrueandlawfulAttorney-in-Facttomakeexecute,sealanddeliverfor,andonitsbehalfassurety,aMAINTENANCEBONDunderbondorundertakingnumberSUR40005725issuedonbehalfolCASTLEDEVELOPMENT,LLCasprincipalinthepenalsumof$47,744.95ThisauthorityIsmadeunderandbytheauthorityofaresolutionwhichwaspassedbytheBoardofOirectorsof1RON5HOREINDEMNifYINC.onthe22ndDayofApril,2013asfollows:Resolved,thattheDirectoroftheCompanyisherebyauthorizedtoappointandempoweranyrepresentativeofthecompanyorotherpersonorpersonsasAttorney-in-FacttoexecuteonbehalfoItheCompanyanybands,undertakings,policies,contractsofindemnityorotherwritingsobligatoryinnaturealabondnottoexceed$47,744.95dollars,whichtheCompanymightexecutethoughitsdulyelectedofficersandaffixthesealoftheCompanythereto.AnysaidexecutionofsuchdocumentsbyanAttorney-In-FactshallbeasbindingupontheCompanyasiftheyhadbeendulyexecutedandacknowledgedbytheregularlyelectedofficersoftheCompany.AnyAttorney-in-Fact,soappointed,mayberemovedforgoodcauseandtheauthoritysograntedmayberevokedasspecifiedinthePowerofAttorney.Resolved,thatthesignatureoftheDirectorandthesealoftheCompanymaybeaffixedbyfacsimileonanypowerofattorneygrantedandthesignatureoftheSecretary,andthesealoftheCompanymaybeaffixedbyfacsimiletoanycertificateofanysuchpowerandanysuchpowerorcertificatebearingsuchfacsimilesIgnatureandsealshallbevalidandbindingontheCompany.Anysuchpowersoexecutedandsealedandcertificatesoexecutedandseatedshall,withrespecttoanybondofundertakingtowhichitisattached,continuetobevalidandbindingontheCompany.INWITNESETHERgOF,IRONSHOREiNDEMNiTYINChascausedthisinstrumenttobesignedbyitsDirector,anditsCorporateSealtobeaffixedthis1DayofMay,2013.HIONSHOREINDEMNITYiNs.aSLDanielL5umDirectorAcKNOWLEDGEMENTOnthis11LDayofMay,2013,beforeme,personallycameDanielLSussmantomeknown,whobeingdulysworn,diddeposeandsaythatheistheDirectorofironshoreIndemnity,Inc.,thecorporationdescribedInandwhichexecutedtheaboveinstrumentthatheexecutedsaIdinstrumentonbehalfofthecorporationbyauthorityofhisofficeundertheBy-lawsofsaidcorporation.y*hichristophe’t.DobbsNotaryPubucMYCOMMISSIONEXPIRESJunei,201EWflHCATEI,theundersigned,Secretaryof1RONSHOREiNDEMNITYINC.,AMinnesotaCompany,DOHEREBYCERTiFYthattheorigInalPowerofAttorneyofwhichtheforegoingIsatrueandcorrectcopy,isinfullforceandeffectandhasnotbeenrevokedandtheresolutionsassetfortharenowinforce.PaulS.GlordanoSecretary“WARNiNG:Anypersonwhoknowinglyandwithintenttodefraudanyinsurancecompanyorotherperson,filesandapplicationforinsuranceorstatementofcialncontaininganymateriallyfalseinfonnatlori,orconcealsforthepurposeofmisleadingInformationconcerninganyfactmaterialthereto,commitsafraudulentInsuranceact,whichisacrimeandsubjectssuchpenontocriminalandcivilpenaitIes.SignedandSealedatthis4THDayofJUNE,2015