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HomeMy WebLinkAboutBond.pdfBond No. 4446443 Surer SureTec Insurance Company 2103 CityWest Boulevard, Suite 1300 Houston, TX 77042 713-812-0800 MAINTENANCE BOND KNOW ALL MEN BY THESE PRESENTS, that we Kathy Huynh as Principal, and SureTec Insurance Company, a corporation organized under the laws of the State of Texas, and duly authorized to do business in the State of Texas as Surety, are held and firmly bound unto City of Renton as Obligee, in the penal sum of Sixteen Thousand Two Hundred Forty Nine and 421100 ($16,249.42) to which payment well and truly to be made we do bind ourselves, and each of our heirs, executors, administrators, successors and assigns jointly and severally, firmly by these presents. WHEREAS, the said Principal has completed, and owner has inspected and accepted as being complete in accordance with applicable design documents (failing which, this bond shall become effective only upon such completion and inspection) that certain work (herein referred to as the "Work") described as: Hu nh Short Plat. WHEREAS, said Obligee requires that the Principal furnish a bond conditioned to guarantee for the period of one year (s) after substantial completion of the Work against defects in workmanship and materials which are the responsibility of the Principal under the contract under which the Work was constructed, and which did not appear prior to the final completion of the Work. NOW THEREFORE, THE CONDITIONS OF THIS OBLIGATION IS SUCH that, if the Principal shall indemnify the Obligee for all loss that the Obligee may sustain by reason of defective materials or workmanship which may first become apparent, and with respect to which written notice is delivered to Surety, before the expiration of the period of one year (s) from and after date of substantial completion of the Work, then this obligation shall be void, otherwise to remain in full force and effect. This obligation does not cover normal wear and tear of materials, misuse or abuse by the Obligee or third parties, failure of Owner to perform owner -required maintenance, nor Maintenance Bond — No Performance Bond Furnished Rev. 010106 Please see the attached Rider for important notices and coverage information any defects known to Obligee prior to final completion of the Work nor any defects discovered or occurring after the expiration of the period set forth above. Surety's liability on any performance bond previously executed in connection with the Work shall terminate automatically upon acceptance of this Bond and Surety's liability shall thereafter be determined exclusively in accordance with the terms of this Bond. No right of action shall accrue hereunder to or for the benefit of any person or entity other the Obligee named herein, nor shall any suit be filed or action maintained on this bond more than twenty five (25) months after the date of the earliest timely notice of defect by Obligee to Surety. SIGNED, SEALED AND DATED THIS 26th day of April, 2021. Kathy Huynh Principal By. SureTec Insurani Company Malloify K. Visser, Attorney -in -Fact Maintenance Bond — No Performance Bond Furnished Rev. 9-9-06 Please see the attached Rider for important notices and coverage information POA# 4710022 JOINT LIMITED POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS: That SureTec Insurance Company, a Corporation duly organized and existing under the laws of the State of Texas and having its principal office in the County of Harris, Texas and Markel Insurance Company (the "Company"), a corporation duly organized and existing under the laws of the state of Illinois, and having its principal administrative office in Glen Allen, Virginia, does by these presents make, constitute and appoint: Cassandra Jones, Joseph Te}eda, Taryn Schram Von Haupt, Rita M. Filbeck, Mallory K. Visser Their true and lawful agent(s) and attorney(s)-in-fact, each in their separate capacity if more than one is named above, to make, execute, seal and deliver for and on their own behalf, individually as a surety orjointly, as co -sureties, and as their act and deed any and all bonds and other undertaking in suretyship provided, however, that the penal sum of any one such instrument executed hereunder shall not exceed the sum of: Fifty Million and 00/100 Dollars ($50,000,000.00) This Power of Attorney is granted and is signed and sealed under and by the authority of the following Resolutions adopted by the Board of Directors of SureTec Insurance Company and Markel Insurance Company: "RESOLVED, That the President, Senior Vice President, Vice President, Assistant Vice President, Secretary, Treasurer and each of them hereby is authorized to execute powers of attorney, and such authority can be executed by use of facsimile signature, which may be attested or acknowledged by any officer or attomey, of the company, qualifying the attorney or attorneys named in the given power of attorney, to execute in behalf of, and acknowledge as the act and deed of the SureTec Insurance Company and Markel Insurance Company, as the case may be, all bond undertakings and contracts of suretyship, and to affix the corporate seal thereto" IN WITNESS WHEREOF, Markel Insurance Company and SureTec Insurance Company have caused their official seal to he hereunto affixed and these presents to be signed by their duly authorized officers on the 25m day of September . 2020 . SureTec Insurance Company �NcF IUi_Lu ?yam By: t: ra: ? 2 Michael C. K nmig, President dt 1 Commonwealth of Virginia County of Henrico SS: sss6utihlfjj" � Markel Insur ce Company uo�ItF o fast .r�+ By: R in Russo, Senior Vice President ru nU%,���� On this 25tn day of September, zoza A. D., before me, a Notary Public of the Commonwealth of Virginia, in and for the County of Henrico, duly commissioned and qualified, came THE ABOVE OFFICERS OF THE COMPANIES, tome personally known to be the individuals and officers described in, who executed the preceding instrument, and they acknowledged the execution of same, and being by me duly sworn, disposed and said that they are the officers of the said companies aforesaid, and that the seals affixed to the proceeding instrument are the Corporate Seals of said Companies, and the said Corporate Seals and their signatures as officers were duly affixed and subscribed to the said instrument by the authority and direction of the said companies, and that Resolutions adopted by the Board of Directors of said Companies referred to in the preceding instrument is now in force. *,P DQN rr`+x'' IN TESTIMONY WHEREOF, I have hereunto set my hand, and affixed *Y,lll� .$eahae thv C tt}fRf Henrico, the day and year first above written. :•Z MY COMMISSION By: t NUP:ISFR ' Donna DartaVant, Notary Public •• 7083968 (j My commission expires 1/31/2023 We, the undersigned Officers of SureTec Insurance Company and Mark e!',44fiyiL"&y drgAerby certify that the original POWER OF ATTORNEY of which the foregoing is a full, true and correct copy is still in full force and effect and ha�tiiqt,4jint mol-le - IN WITNESS WHEREOF, we have hereunto set our hands, and affixed the Seals of said Companies, on the 26th dayof April 2021 Sur ecinsur ce C pan By M. Br t Beaty, Assistant Secrets Markel Insurance Company Richard R. Grinnan, Vice President an ary Any Instrument Issued in excess of the penalty stated above is totally void and without any validity. 4710022 For verification of the authority of this Power you may call (713)812-0800 on any business day between 830 AM and 5:00 PM CST.