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S_Maintenance_Bond_0746750_C17001559_190218.pdf
CANDECONOMICDEVEWPMENT.RentonMAINTENANCEBONDBondNumber:0746750ProjectName:RentonCommonsKNOWALLMENBYTHESEPRESENT;thatweRentonCommonsLLC,aWashingtonlimitedliabilitycompanyasPrincipal,andCityofRenton,aWashingtonmunicipalcorporationacorporationorganizedandexistingundertheLawsoftheStateofWashingtonSuretyareheldandfirmlybounduntoTHECITYOFRENTONasObligee,inthetotalsumofFiftyThreeThousand,SevenHundredFifteenDollaTs(53715.00)dollars,forthepaymentofwhich,wellandtrulytobemade,theexecutors,administrators,successorsandassigns,jointlyandseverally,firmbythesepresent:For:publicroads,publicandprivatelandscaping,drainagefacilitiesandotherpublicimprovementsattendanttotheRentonCommonsmulti-familyrentaldevelopmentlocatedat215WhitworthAvenueS.,Renton,WA.98057NOWTHEREFORETHECONDITIONOFTHISOBLIGATIONISSUCH,ThatifthePrincipalshallmaintainandremedysaidworkfreefromdefectsinmaterialsandworkmanshipforaperiodoftwo12)yearsfollowingcompletion,thenthisobligationshallbevoidotherwiseshallremaininfullforceandeffect.SIGNED,SEALEDANDDATEDthis6thDAYOFFebruary- ,2019%L_ _____ _ _ _ _Applicant’sSignaturejigKatureofBondingAgent,RobinAmadon,HousingDevDirectorAkselFirat,Attorney-InFact,SuretyPlacementServicesApplicant’sName(Print)NameofBondingAgent&Company(Print)2407FirstAve8283NHaydenRd.Suite258AddressAddressSeattle,WA.98121Scottsdale,AZ.85258480.419.2456City,State,ZipCity,State,Zip&PhoneAttachPowerofAttorneyFormandMaintenance&DefectAgreementtoBondH:\CEO\Oata\Forms-Templates\Sel&HelpHandouts\DevelopmentEngineering\MAINTENANCESOND.docxRev:02/2018 INTERNATIONALFIDELITYINSUANdECOMPANYALLEGHENYCASUALTYCOMPANYONENEWARKCENTER,20THFLOORNEWARK,NEWJERSEY07102-5207KNOWALLMENBYTHESEPRESENTS:ThaiINTERNATIONALFIDELITYINSURANCECOMPANY•acorporationorganizedandexistingunderthelawsoftheSlateofNewJersey,andALLEGHENY:CASUALTYCOMPANYacorporationorganizedandexistingunderthelawsoftheStateofNewJersey,havingtheirprincipalofficeintheCityofNewark,NewJerseydoherebyconstituteandappointAARONWEST,AKSELFIRAT,BUCKFORDScottsdale,AZ.theirtrueandlawfulattorney(s)-In-facttoexecute,sealanddefiverforandonitsbehalfassurety,anyandallbondsandundedakUigs,contractsofindemnityandotherwritingsobligatoryinthenaturethereof,whichareormaybeallowed!requiredorpermittedbylaw,statuterule,rçgulation,contractorotherwiseandtheexecuhonofsuchinstrument(sLinpursuanceofthesepresents,shallbeasbindinguponthesaidINtERNATIONALFIDELITYINSURANCECOMPANYandALLEGHENY.QASUALTYCOMPANY,asfullyandamply!toallintentsandpurposes,asifthesamehadbeendulyexecutedandacknowledgedbyTheirregularlyelectedofficersattheirprincipaloffices.ThisPowerofAttomeyisexecutedandmayberevoked,pursuanttoandbyauthorityoftheBy-LawsofINTERNATIONALFIDELITYINSURANCECOMPANYandALLEGHENYCASUALTYCOMPANYandisgrantedunderandbyauthorityofthefollowingresolutionadoptedbytheBoardofDirectorsofINTERNATIONALFIDELITYINSURANCECOMPANYatameetingdulyheldonthe20thdayofJuly,2010andbytheBoardofDirectorsofALLEGHENYCASUALTYCOMPANYatameetingdutyheldonthe15thdayofAugust,2000:“RESOLVED,that(1)thePresident,VicePresident,ChiefExecutiveOfficerorSecretaryoftheCorporationshallhavethepowertoappoint,andtorevoketheappointmentsof,Attorneys-in-Factoragentswithpowerandauthorityasdefinedorlimitedintheirrespectivepowers,ofattorney,andtoexecuteonbehalfoftheCorporabonandaffixtheCorporation’ssealthereto,bonds,undertakings,recognizances,contractsofindemnityandotherwnttenobligationsinthenaturethereoforrelatedthereto;and(2)anysuchOfficersoftheCorporationmayappointandrevoketheappointmentsofJoInt-controlcus!odians,agentsforacceptanceofprocess,andAttorneys-in-factwithauthoritytoexecutewaiversandconsentsonbehalfoftheCorporation;and(3)thesignaturecianysuchOfficeroftheCorporationandtheCorporation’ssealmaybeaffixedbyfacsimiletoanypowerofattorneyorcertificationgivenbrtheexecutionofanybond,undertakingrecognizance,contractofindemnityorotherwrittenobligationInthenaturethereoforrelatedthereto,suchsignatureandsealswhensousedwhetherheretoforeorhereafter,beingherebyadoptedbytheCorporationastheoriginalsignatureofsuchofficerandtheoriginalsealoftheCorporation,tobevalidandbindingupontheCorporationwiththesameforceandeffectasIhoughmanuallyaffixed.’INWITNESSWHEREOF,INTERNATIONALFIDELITYINSURANCECOMPANYandALLEGHENYCASUALTYCOMPANYhaveeachexecutedandattestedthesepresentsonthis31stdayofDecember,2015,ROBERTW,MINSTERChiefExecutiveOfficer(InternationalFidelityInsuranceCompany)andPresident(AllegnenyCasualtyCompany)Onthis31stdayofDecember2015,beforemecametheIndividualwhoexecutedtheprecedinginstrument,tomepersonallyknown,and,beingbymedulysworn,saidheisthethereindescribedandauthorizedofficerofINTERNATIONALFIDELITYINSURANCECOMPANYandALLEGHENYCASUALTYCOMPANY;thatthesealsaffixedtosaidInstrumentaretheCorporateSealsofsaidCompanies;thatthesaidCorporateSealsandhissignatureweredulyaffixedbyorderoftheBoardsofDirectorsofsaidCompanies.0011‘‘‘tIll,,,NOTA11Y:,-se:StPUBLiCMNE’N‘VI,theundersignedofficerofINTERNATIONALFIDELITYINSURANCECOMPANYandALLEGHENYCASUALTYCOMPANYdoherebycertifythatIhavecomparedtheforegoingcopyofthePowerofAttorneyandaffidavitandthecopyoftheSectionsoftheBy-LawsofsaidCompan4esassetforthinsaidPowerofAttomey,withtheoriginalsonfileInthehomeofficeofsaidcompanies,andthatthesamearecorrecttranscriptsthereof,andofthewholeofthesaidoriginals,andthatthesaidPowerofAttorneyhasnotbeenrevokedandIsnowInfullforceandeffecLSTATEOFNEWJERSEYCountyofEssexINTESTIMONYWHEREOF,IhavehereuntosetmyhandaffixedmyOfficialSeal,attheCityofNewark,NewJerseythedayandyearFirstabovewritten.CERTIFICATIONINTESTIMONYWHEREOF,ANOTARYPUBLICOFNEWJERSEYMyCommissionExpiresApril16,2019I!Ihavehereuntosetmyhandthisdayofa.- STATEOFArizonaOnthis6thdayofFebruaryintheyear201955.beforeme,JenniferHallandaCOUNTYOFMaricupaNotaryPublic,StateofArizona,dulycommissionedandsworn,personallyappearedAkselFirat,personallyknowntome(orprovedtomeonthebasIsofsatisincLoryevidence)tobetheperson(s)whosenameis/aresubscribedtothewithininstrument,andacknowledgedtomethath&shthheyexecutedthesameinhis/her/theirauthorizedcupacity(ies),andthatbyhis/her/theirsignature(s)ontheinstrumenttheperson(s),ortheentityuponbehalfofwhichtheperson(s)acted,executedtheinstrument.WITNESSmyhandandofficialseal.;:NNIFERHAILANDNOTARYPUBLIC.ARIZONA42MARICOPAcoUNWMyCommissionExpiresNotaW’Public,toteofArizunaFebruarY01,2020Mycommissionexpires2-1-2020STATEOF_____________Onthis1hdayof1TJ,r1gt-AnYintheyearI<,p)ss.beforeme,rn.i4aCOUNTYOF.fr.tNtj1NotaryP4,lic,StateofU9/c,dulycommissionedandsworn,personallyappeared(Z[ICJcMAPOIJ,personallyknowntome(orprovedtomeonthebasisofsatisfactoryevidence)tobetheperson(s)whosenameis/aresubscribedtothewithMThThipdacknowledgedtomethathe/she/theyexecutedthesameinhis/tier/theirauthorizedcapacityQies),andthatbyhisIher/çLRR&,9,?1115instrumenttheperson(s).ortheentityuponbehalfofwhichLheperson(s)acted,executedtheinstrumentS1WITNESSmyhandendofficialseal.s%cno;(Seal)NotaryPublic,StateafU)‘kffr-nMycommissionexpiresI/DjI7//ii,.,—————/ij“PWAcI\SSTATEOFOnthis__ __ ___ _dayofllI‘°kibSyear)ss.beforeme,____________________________________________aCOUNTYOF__ ___ ___ ___ _ ___ ___ __NotaryPublic,Stateof,dulycommissionedandsworn,personallyappeared_______________________________________________________________,personallyknowntomc(orprovedtomeonthebasisofsatisfactoryevidence)tobetheperson(s)whosenameis/aresubscribedtothewithininstrument,andacknowledgedtomethathe/she/theyexecutedthesameinhis/her/theirauthorizedcnpacity(ies),andthatbyhis/her/theirsignature(s)ontheinstrumenttheperson(s),ortheentityuponbehalfofwhichtheperson(s)acted,executedtheinstrumentWITNESSmyhandandofficialseat.(Seal)NotaryPublic,Stateof_______________________MycommissionexpbesSTATEOF___ _ __ _ ___ ___ _ __ _ ___ __Onthis__ ___ __ _dayof____________________intheyear___ __ ___ss.beforeme,_____________________________________________________aCOUNTYOF)NolaryPublic,Stateof.dulycommissionedandsworn,personallyappeared__________________________________________________________,personallyknowntome(orprovedtomeonthebasisofsatisfactoryevidence)tobetheperson(s)whosenameis/aresubscribedtothewithininstrument,andacknowledgedComethathe/she/theyexecutedthcsameinhis/her/theirauthorizedcopacity(ics),andthatbyhis/her/theirsignature(s)ontheinstrumenttheperson(s),ortheentityuponbchalfofwhichtheperson(s)acted,executedtheinstrumcnt.WITNESSmyhandandofficialseal,(Seal)NotaryPublic,StateofMycommissionexpires DEPARTMENTOFCOMMUNITYANDECONOMICDEVELOPMENT—-—--——“Renton0IVIAINTENANCEANDDEFECTAPPLICANTNameandMailingAddress(pleaseprintclearly)Name:RentonCommonsLLCAGREEMENT(Twoyears)Forpublic.Address1’doLowIncomeHousingInstituteroads,publicandprivatelandscaping,drainagefacilities,andotherpublicimprovementsAddress2:2407FirstAve.Seattle,WA.98121:PhoneNumber:206-957-8050ProjectNo./PermitNo.ProjectNameR-3955/C17001559RentonCommonsakaJuneLeonardPlaceGuaranteeAmountSiteLocation$s1,osr21‘3’icad215WhitwodhAveS.Renton,WA.98057Thisagreementismadeandenteredintothis7dayof____ ___ ___ __ ,2OJj..,betweentheCityofRenton,hereinaftercalledtheCITY,andtheabovenamedapplicant,hereinaftWrcalledAPPLICANT.BasisforAGREEEMENT:WHEREAS,theundersignedAPPLICANThasconstructedpublicroads,publicandprivatelandscaping,drainagefacilitiesand/orotherpublicimprovementstobedeededtotheCITYinconnectionwiththeabove-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,publicandprivatelandscaping,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. [i1AINTENANCEANDDEFECTAGREEMENT(C0NT’o)ProjectNo/PermitNo.ProjectNameLR3955IC17001559RenlonCommonsakaJuneLeonardPlace6.IntheeventtheCITYdeterminesthatrepairsmustbeperformedimmediatelytopreventrisktoperson(s)andproperty,theCITYmaymakenecessaryrepairsandthecostsofthoserepairsshallbepaidbytheAPPLICANTupondemand.7.TheAPPLICANTshallpayallrequiredfeesinaccordancewithRentonMunicipalCode.8.Attheendofthetwo(2)yearperiod,theAPPLICANTshallcleanthedrainagefacilitiespriortotheCITY’sfinalinspection.9.If,attheconclusionofthetwo(2)yearperiod,theCITY,atitssolediscretion,determinestheimprovementsarenotadequatelymaintained,theAPPLICANTshallperformpromptmaintenancetotheCITY’ssatisfaction.IntheeventthismaintenanceisnotperformedwithinthetimeperiodspecifiedbytheCITY,theCITYwillinvoketheenforcementprocessesfoundinRMCChapter1-3.10.AnyfailurebytheAPPLICANTtocomplywiththetermsofthisAGREEMENTinatimelymannershallconstitutedefault.AnyactionorinactionbytheCITYfollowinganydefaultinanytermorconditionofthisAGREEMENTshallnotbedeemedtowaiveanyrightsoftheCITYpursuanttothisAGREEMENT.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.TheAPPLICANTisgrantedtherighttoaccessCITYright-of-way,tracts,andeasementsdedicatedtotheCITYforthepurposeofperformingworkrequiredbythisMaintenanceandDefectAgreementuntiltheAGREEMENTisreleased.ReleaseRequirements:ThisAGREEMENTshallremaininforceandeffectandshallnotbereleaseduntilalltermsofthisAGREEMENThavebeencompletedtothesatisfactionoftheCITY.INWITNESSTHEREOF,thepartiesheretohaveexecutedthisAGREEMENTasofthedayandyearfirstabovewritten.APPLICANT:(Signature)‘(bath)VOIk’if&O5IAJ6PEVtRECT0C(PrintedName)(Title)Page2of2IPublished:2/1/2018