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HomeMy WebLinkAboutS_Maintenance_Bond_106967414_U15007775_181206DEPARTMENTOFCOMMUNITYANDECONOMICDEVELOPMENT—RentonCMAINTENANCEBONDBondNumber:106967414ProjectName:LongacresBusinessCenter-Phase2KNOWAtiMENBYTHESEPRESENT;thatweRyanCompaniesUS)Inc.asPrincipal,andTravelersCasualtyandSuretyCompanyofAmericaacorporationorganizedandexistingundertheLawsoftheStateofConnecticutSuretyareheldandfirmlybounduntoTHECITYOFRENTONasObligee,inthetotalsumofTwoHundredThirtyOneThousandFourHundredEight&541100($231408.54)dollars,forthepaymentofwhich,wellandtrulytobemade,theexecutors,administrators,successorsandassigns,jointlyandseverally,firmbythesepresent:For:publicimprovementsmadeaspartoftheGHPhase2projectincludingrightawayimprovements(busstopandtrafficsignal),stormwateranddrainagefacilities,andCivilconstructionpermitsNOWTHEREFORETHECONDITIONOFTHISOBLIGATIONISSUCH,ThatifthePrincipalshallmaintainandremedysaidworkfreefromdefectsinmaterialsandworkmanshipforaperiodoftwo(2)yearsfollowingcompletion,thenthisobligationshallbevoidotherwiseshallremaininfullforceandeffect.SIGNED,SEALEDANDDATEDthis21stDAYOF%%2FOE—Applicanf”sSignaireTflwt151ZLLVJVApplican’sName(Print)533South3rdStreet,Suite100AddressMinneapolis,MN55415City,State,ZipSeptember,2018Sig,ptreofBon)WA3mrJoshLoUis&CobbStreckerDunphy&ZimmermannNameofBondingAgent&Company(Print)225South6thStreet,Suite1900AddressMinneapolis,MN55402City,State,Zip&PhoneAttachPowerofAttorneyFormandMaintenance&DefectAgreementtoBondH:\CED\Oata\Forms-Tcniplates\SeIf-HelpHandouts\DevelopmentEngineering\MAINTENANCEROND.docxRev:02/2018 CORPORATEACKNOWLEDGMENTStateofMinnesotaCountyof////rnt/2/4Onthis/dayof________________beforemeappeared4/étomepersonallyknown,who,being”bymedulysworn,didsaythathe/sheisthe%‘n,eYrk’,teofRyanCompaniesUS,Inc.,acorporation,thatthesealaffixedtotheforegoinginstrumentisthecorporatesealofsaidcorporation,andthatsaidinstr>imentwasexecutedinbehalfofsaidcorporationbyauthorityofitsBoardofDirectors,andthatsaid/tf#f9f.1L1’aw/&acknowledgedsaidinstrumenttobethefreeactanddeedofsaidcorporation.AjCKELLEKAYFELTNotaryPublici7,14i//fn/i’County,_______NotarYPuflc1IUnflsMycommissionexpires/?/.2-?SURETYACKNOWLEDGMENTStateofMinnesotaCountyofHennepinOnthis21stdayofSeptember2018,beforemeappearedJohnE.Tauertomepersonallyknow,whobeingbymedulysworn,didsaythat(s)heistheAttorney-in-Factof____________TravelersCasualtyandSuretyCompanyofAmerica,acorporation,thatthesealaffixedtotheforegoinginstrumentisthecorporatesealofsaidcorporationandthatsaidinstrumentwasexecutedinbehalfofsaidcorporationbyauthorityofitsBoardofDirectors;andthatsaid__________________JohnE.Taueracknowledgedsaidinstrumentanddeedofsaidcorporation.NotaryPublicHennepinCounty,Minnesota—Mycommissionexpires1/31/2022(IANNAROSE(ARSON,NIAIhP11111It.MINNI50ThbniiiiSSIIlfl&Ii.,ary317022.—,—. TravelersCasualtyandSuretyCompanyofAmericaTravelersCasualtyandSuretyCompany[T?AVELERSJSt.PaulFireandMarineInsuranceCompanyPOWEROFATtORNEYKNOWALLMENBYTHESEPRESENTS:ThatTravelersCasualtyandSuretyCompanyofAmerica,TravelersCasuallyandSurelyCompany!andSiPaulFireandMarineInsuranceCompanyarecorporationsdulyorganizedunderthelawsoftheStateofConnecticut(hereincollectivelycalledthe“Companies”)andthattheCompaniesdoherebymake,constituteandappointJohnE.TauerofMINNEAPOLISMinnesota,theirtrueandlawfulAttorney-in-Facttosign,execute,sealandacknowledgeanyandallbonds,recognizances,conditionalundertakingsandotherwritingsobligatoryinthenaturethereofonbehalfoftheCompaniesintheirbusinessofguaranteeingthefidelityofpersons,guaranteeingtheperformanceofcontractsandexecutingorguaranteeingbondsandundertakingsrequiredorpermittedinanyactionsorproceedingsallowedbylaw.INWITNESSWHEREOF,theCompanieshavecausedthisInstrumenttobesigned,andtheircorporatesealstobeheretoaffixed,this3rddayofFebruary,2017.StateofConnecticut-‘-‘-By:________________________CityofHartfordss.‘RobertL.Raney.SefirorVicePresidentOnthisthe3rddayofFebruary,2017,beforemepersonallyappearedRobertL.Raney,whoacknowledgedhimselftobetheSeniorVicePresidentofTravelersCasuallyandSuretyCompanyofAmerica,TravelersCasualtyandSuretyCompany,andSt.PaulFireandMarineInsuranceCompany,andthathe,assuch,beingauthorizedsotodo.executedtheforegoinginstrumentforthepurposesthereincontainedbysigningonbehalfofthecorporationsbyhimselfasadulyauthorizedofficer.InWitnessWhereol,Ihereuntosetmyhandandofficiatseal,MyCommissionexpiresthe30thdayofJune,2021‘C(\Gsv_*C.,,0ILt0*MarteC.Tetreault,NotaryPublicThisPowerofAttorneyisgrantedunderandbytheauthorityofthefollowingresolutionsadoptedbytheBoardsofDirectorsofTravelersCasualtyandSuretyCompanyofAmerica,TravelersCasualtyandSuretyCompany,andSt.PaulFireandMarineInsuranceCompany,whichresolutionsarenowinfullforceandeffect,readingasfollows:RESOLVED,thattheChairman,thePresident,anyViceChairman,anyExecutiveVicePresident,anySeniorVicePresident,anyVicePresident,anySecondVicePresident,theTreasurer,anyAssistantTreasurer,theCorporateSecretaryoranyAssistantSecretarymayappointAttorneys-in-FactandAgentstoact(orandonbehalfoftheCompanyandmaygivesuchappointeesuchauthorityashisorhercertificateofauthoritymayprescribetosignwiththeCompany’snameandsealwIththeCompany’ssealbonds,recognizances,contractsofindemnity,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,andanyofsaidofficersortheBoardofDirectorsatanytimemayremoveanysuchappointeeandrevokothepowergivenhimorher;anditisFURTHERRESOLVED,thattheChairman,thePresident,anyViceChairman,anyExecutiveVicePresident,anySeniorVicePresidentoranyVicePresidentmaydelegatealloranypartoftheforegoingauthoritytooneormoreofficersoremployeesofthisCompany,providedthateachsuchdelegationisinwritingandacopythereofisfliedintheofficeoftheSecretary;anditisFUR1’HERRESOLVED,thatanybond,recognizance,contractofindemnity,orwritingobligatoryinthenatureofabond,recognizance,orconditionalundertakingshallbevalidandbindingupontheCompanywhen(a)signedbythePresident,anyViceChairman,anyExecutiveVicePresident,anySeniorVicePresidentoranyVicePresident,anySecondVicePresident,theTreasurer,anyAssistantTreasurer,theCorporateSecretaryoranyAssistantSecretaryanddulyattestedandsealedwiththeCompany’ssealbyaSecretaryorAssistantSecretary:or(b)dulyexecuted(underseal,ifrequired)byoneormoreAttorneys-in-FactandAgentspursuanttothepowerprescribedinhisorhercertificateortheircertificatesofauthorityorbyoneormoreCompanyofficerspursuanttoawrittendelegationofauthority;anditisFURTHERRESOLVED,thatthesignatureofeachofthefollowingofficers:President,anyExecutiveVicePresident,anySeniorVicePresident,anyVicePresident,anyAssistantVicePresident,anySecretary,anyAssistantSecretary,andthesealoftheCompanymaybeaffixedbyfacsimiletoanyPowerofAttorneyortoanycertificaterelatingtheretoappointingResidentVicePresidents,ResidentAssistantSecretariesorAttorneys-in-Factforpurposesonlyofexecutingandattestingbondsandundertakingsandotherwritingsobligatoryinthenaturethereof,andanysuchPowerofAttorneyorcertificatebearingsuchfacsimilesignatureorfacsimilesealshallbevalidandbindingupontheCompanyandanysuchpowersoexecutedandcertifiedbysuchfacsimilesignatureandfacsimilesealshallbevalidandbindingontheCompanyinthefuturewithrespecttoanybondorunderstandingtowhichitisattached,I,KevinE,Hughes,theundersigned,AssistantSecretaryofTravelersCasualtyandSuretyCompanyofAmerica,TravelersCasualtyandSuretyCompany,andSt.PaulFireandMarineInsuranceCompany,doherebycertifythattheaboveandforegoingisatrueandcorrectcopyofthePoworofAttorneyexecutedbysaidCompanies,whichremainsinfullforceandeffect.Datedthis21st0%tkevtnE.Hughes,AssitantSecretarydayofSeptember.2018ToverifytheauthenticityofthisPowerofAttorney,pleasecallusat1-800-421-3880.Phnir&,fertotheabove-namedAftorney-In-Factandthedetailsofthebondtowhichthepowerisattached. DEPARTMENTOFCOMMUNITYANDECONOMICDEVELOPMENT—“llenton0IVIAINTENANCEANDDEFECTAPPLICANTNameandMailingAddress(pleaseprintclearly)Name:Ryan-GHCTwo!LLCAGREEFVIENT(Twoyears)Forpublic•.Addressi39002.CamelbackRoad,#100roads,publicandprivatelandscaping,drainagefacilities,andotherpublicimprovementsAddress2:Phoenix,AZ85018PhoneNumber:602-322-6100ProjectNo./PermltNo.ProjectNameLUA15000630,Ui/815007774and815008075LongacresBusinessCenter-Phase2GuaranteeAmountSiteLocation$5231,408.541200and1300SW271hSt.Thisagreementismadeandenteredintothisc2dayoforh’kcr,201f,betweentheCityofRenton,hereinaftercalledtheCITY,andtheabovenamedapplicant,hereinaftercalledAPPLICANT.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. MAINTENANCEANDDEFECTAGREEMENT(C0NT’D)ProjectNo/PermitNo.ProjectNameLUAI5000630,liiIBi5007774andB15008075LongacresBusinessCenter-Phase2—6.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.Intheeventthatanypartdeemsitnecessaryton5titutelegalactionorproceedingstoenforceanyrightorobligationunderthisAGREEMENT,thepartiesheretoagreethatanysuchactionorproceedingshallbebroughtinacourtofcompetentjurisdictionsituatedinKingCounty,Washington.13.TheAPPLICANTisgrantedtherighttoaccessCITYright-of-way,tracts,andeasementsdedicatedtotheCITYforthepurposeofperformingworkrequiredbythisMaintenanceandDefectAgreementuntiltheAGREEMENTisreleased.ReleaseRequirements:ThisAGREEMENTshallremaininforceandeffectandshallnotbereleaseduntilalltermsofthisAGREEMENThavebeencompletedtothesatisfactionoftheCITY.INWITNESSTHEREOF,thepartiesheretohaveexecutedthisAGREEMENTasofthedayandyearfirstabovewritten.APPLICAiT,(Sinat()(PrintedNamI)7-9tCas-taThP(Title)[F31Z-f(‘(DatePage2of2Ipublished:2/1/2018