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HomeMy WebLinkAboutConstruction Permit BondCITYOFANDEIONOMICDEVELOPMENT—Renton0PERMITBONDBondNumber:9828582ProjectName:3802MontereyPlaceNEKNOWALLMENBYTHESEPRESENT;thatweSierraHomesIncofP0Box3069,Issaguah,WA98027asPrincipal,andLexonInsuranceCompanyaCorporation,asSurety,areheldandfirmlybounduntotheCityofRenton,amunicipalcorporationoftheStateofWashington,inthesumof$Seventy-ThreeThousandSOcHundredSixty-fiveDollarsandNinetyCents($73,665.90)lawfulmoneyoftheUnitedStatesofAmerica,forthepaymentofwhich,willandtrulytobemade,wefirmlybindourselves,andeachofoutheirs,executors,administratorsandassigns,jointlyandseveratlybythesepresent.THECONDITIONOFTHEFOREGOINGOBLIGATIONSISSUCH,thatWHEREAS,theabovenamedPrincipalhasappliedforapermit,pursuanttotheprovisionsofOrdinanceNo.3205,todocertainworkonaCityofRentonroadway,street,alley,avenue,orotherpublicplace,duringaperiodendingOneYearNOWTHEREFORE,litheabovenamedPrincipalshallindemnifyandsaveharmlesstheCityofRenton,fromallclaims,actionsordamagesofeverykindanddescription,whichmayaccrueasaresuttofopeningand/orworkinguponaroadway,street,alley,avenue,publiceasement,orotherpublicplace,byhimorthoseinhisemploy,ininstallingormakingconnectionswithanypublicorprivatesewerorwatersystem,oranyotherpurposeorobjectwhatever,andthathewillreplaceandrestoresuchroadway,street,avenue,alleyorotherpublicplacetoasgoodastateorconditionasatthetimeofthecommencementofsaidwork,andmaintainthesameingoodordertothedecidedsatisfactionoftheCityofRenton,andthathewillcomplywithallprovisionsofhisortheirfranchiseofourpermitandallresolutionsorinstrumentsrelatingthereto,thisobligationtobevoid;otherwisetoremaininfullforceandeffect.TheliabilityunderthisbondisforaperiodofoneyearfromDecember5th,2019toDecember5th,2020andmaybeextendedbythesuretyissuingaContinuationCertificate.Sealed,ii?urseaI4nddaçdthis5thdayofDecember- ,2019a-omnc\..Applicant’sSignatureignatureofBondingAgentAttachPowerofAttorneyFormP0Box3069Includecontactinformation.Applicant’sAddressSeattle,WA98125City,State,Zip POWEROFATTORNEY9828582LexonInsuranceCompanyKNOWALLMENBYTHESEPRESENTS,thatLEXONINSURANCECOMPANY,aTexasCorporation,withitsstatutoryhomeofficeinLouisville,Kentucky,doesherebyconstituteandappoint:MarkHermilleritstrueandlawfulAttorney(s)-In-Facttomake,execute,sealanddeliverfor,andonitsbehalfassurety,anditsactanddeedaSutetyBondunderbondorundertakingnumber9828582issuedonbehalfof5crHn,c,Inrasprincipalinthepenalsumof$73,665.90ThisauthorityismadeunderandbytheauthorityofaresolutionwhichwaspassedbytheBoardofDirectorsofLEXONINSURANCECOMPANYonthe1stdayofJuly,2003asfollows:Resolved,thatthePresidentoftheCompanyisherebyauthorizedtoappointandempoweranyrepresentativeoftheCompanyorotherpersonorpersonsasAttorney-In-FacttoexecuteonbehalfoftheCompanyanybonds,undertakings,policies,contractsofindemnityorotherwritingsobligatoryinnatureofabondnottoexceed$73,665.90dollars,whichtheCompanymightexecutethroughitsdulyelectedofficers,andaffixthesealoftheCompanythereto.AnysaidexecutionofsuchdocumentsbyanAttorney-In-FactshallbeasbindingupontheCompanyasiftheyhadbeendulyexecutedandacknowledgedbytheregularlyelectedofficersoftheCompany.AnyAttorney-In-Fact,soappointed,mayberemovedforgoodcauseandtheauthoritysograntedmayberevokedasspecifiedinthePowerofAttorney.Resolved,thatthesignatureofthePresidentandthesealoftheCompanymaybeaffixedbyfacsimileonanypowerofattorneygranted,andthesignatureoftheAssistantSecretary,andthesealoftheCompanymaybeaffixedbyfacsimiletoanycertificateofanysuchpowerandanysuchpowerorcertificatebearingsuchfacsimilesignatureandsealshallbevalidandbindingontheCompany.Anysuchpowersoexecutedandsealedandcertificatesoexecutedandsealedshall,withrespecttoanybondofundertakingtowhichitisattached,continuetobevalidandbindingontheCompany.INWITNESSTHEREOF,LEXONINSURANCECOMPANYhascausedthisinstrumenttobesignedbyitsPresident,anditsCorporateSealtobeaffixedthis22nddayofJune,2018.LEXONINSURANCECOMPANYBY__________________________________BrianBeggsPresidentACKNOWLEDGEMENTOnthis22nddayofJune,2018,beforeme,personallycameBrianBeggstomeknown,whobedulysworn,diddeposeandsaythatheisthePresidentofLEXONINSURANCECOMPANY,thecorporationdescribedinandwhichexecutedtheaboveinstrument;thatheexecutedsaidinstrumentonbehalfofthecorporationbyauthorityofhisofficeundertheBy-lawsofsaidcorporation.NotaPubeofTennesseeBY____________________MycomrnissionExpes592023NotarublcCERTIFICATEI,theundersignedAssistantSecretaryofLEXONINSURANCECOMPANY,ATexasInsuranceCompany,DOHEREBYCERTIFYthattheoriginalPowerofAttorneyofwhichtheforgoingisatrueandcorrectcopy,isinfullforceandeffectandhasnotbeenrevokedandtheresolutionsassetfortharenowinforce.SignedandSealatMountJuliet,Tennesseethis5thDayofDecember,2019BYndrewSmithcHcc.’AssistantSecretary“WARNING:Anypersonwhoknowinglyandwithintenttodefraudanyinsurancecompanyorotherperson,filesandapplicationforinsuranceofclaimcontaininganymateriallyfalseinformation,orconcealsforthepurposeofmisleading,informationconcerninganyfactmaterialthereto,commitsafraudulentinsuranceact,whichisacrimeandsubjectssuchpersontocriminalandcivilpenalties.”