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WebLinkAboutS_Maintenance_Bond_106998410_U16006459_190118.pdf—ANDECONOMICDEVELOPMENTRentonCMAINTENANCEBONDBondNumber:106998410ProjectName:SunsetCourtKNOWALLMENBYTHESEPRESENT;thatweWalshConstructionCo/WashingtonasPrincipal,andTravelersCasualtyandSuretyCompanyofAmericaacorporationorganizedandexistingundertheLawsoftheStateofConnecticutSuretyareheldandfirmlybounduntoTHECITYOFRENTONasObligee,inthetotalsumofNinetyOneThousandOneHundredFortyTwoandSSilOOths—-,($91,142.55)dollars,forthepaymentofwhich,wellandtrulytobemade,theexecutors,administrators,successorsandassigns,jointlyandseverally,firmbythesepresent:For:SunsetCourtApartments,1124-1158HarringtonAvenueNortheast,Renton,WA99201NOWTHEREFORETHECONDITIONOFTHISOBLIGATIONISSUCH,ThatifthePrincipalshallmaintainandremedysaidworkfreefromdefectsinmaterialsandworkmanshipforaperiodoftwo(2)yearsfollowingcompletion,thenthisobligationshallbevoidotherwiseshallremaininfullforceandeffect.SIGNED,SEALEDANDDATEDthis21stDAYOFDecember.2018WalshConstructionCo/WashingtonTelersCasualtyandSuretyCompanyofAmericaApplicant’sSignatureSigatureofBondingAgerftJanaM.Roy,.ZacaJtttZ.1c.t,Parer,Smith&Feek,Inc.‘.JAttorney-in-FactApplicant’sName(Print)NameofBondingAgent&Company(Print)315FifthAvenueS.,Suite6002233112thAvenueNEAddressAddressSeattle,WA98104Bellevue,WA98004City,State,ZipCity,State,Zip&PhoneAttachPowerofAttorneyFormandMaintenance&DefectAgreementtoBondH:\cED\Data\Forms-Templates\Self.HelpHandouts\DevelopmentEngineering\MAINTENANcEBOND.docxRev:02/2018 TravelersCasualtyandSuretyCompanyofAmericaaTravelersCasualtyandSuretyCompanyTRAVELERSJSt.PaulFireandMarineInsuranceCompanyPOWEROFATTORNEYKNOWALLMENBYTHESEPRESENTS:ThatTravelersCasualtyandSurelyCompanyofAmerica,TravelersCasuallyandSurelyCompany,andSt.PaulFireandMarineInsuranceCompanyarecorporationsdulyorganizedunderthelawsoftheStateofConnecticut(hereincollectivelycalledthe“Companies’),andthattheCompaniesdoherebymake,constituteandappointJanaM.Roy,ofBellevue,Washington,theirtrueandlawfulAttorney-in-Facttosign,execute,sealandacknowledgeanyandallbonds,recognizances,conditionalundertakingsandotherwritingsobligatoryinthenaturethereofonbehalfoftheCompaniesintheirbusinessofguaranteeingthefidelityofpersons,guaranteeingtheperformanceofcontractsandexecutingorguaranteeingbondsandundertakingsrequiredorpermittedinanyactionsorproceedingsallowedbylaw.INWITNESSWHEREOF,theCompanieshavecausedthisinstrumentlobesigned,andtheircorporatesealstobeheretoaffixed,this3rddayofFebruary,2017.StateofConnecticut,?‘—.—‘By:_____ _ ___ ___ ___ _ ___ ___ ___ _ ___ ___ ___ _CityofHartfordss.RobertL.Raney,SehforVicePresidentOnthisthe3rddayofFebruary,2017,beforemepersonallyappearedRobertL.Raney,whoacknowledgedhimselftobetheSeniorVicePresidentofTravelersCasualtyandSuretyCompanyofAmerica,TravelersCasualtyandSuretyCompany,andSt.PaulFireandMarineInsuranceCompany,andthathe,assuch,beingauthorizedsotodo,executedtheforegoinginstrumentforthepurposesthereincontainedbysigningonbehalfofthecorporationsbyhimselfasadulyauthorizedofficer.InWitnessWhereof,Ihereuntosetmyhandandofficialseal.MyCommissionexpiresthe30thdayofJune,20211’‘‘(\QJvL.C*aj,4o*Man’bC.Tetreault,NotaryPublicctcsThisPowerofAttorneyisgrantedunderandbytheauthorityofthefollowingresolutionsadoptedbytheBoardsofDirectorsofTravelersCasuallyandSuretyCompanyofAmerica,TravelersCasualtyandSuretyCompany,andSt.PaulFireandMarineInsuranceCompany,whichresolutionsarenowinfullforceandeffect,readingasfollows:RESOLVED,thattheChairman,thePresident,anyViceChairman,anyExecutiveVicePresident,anySeniorVicePresident,anyVicePresident,anySecondVicePresident,theTreasurer,anyAssistantTreasurer,theCorporateSecretaryoranyAssistantSecretarymayappointAttorneys-in-FactandAgentstoactforandonbehalfoftheCompanyandmaygivesuchappointeesuchauthorityashisorhercertificateofauthoritymayprescribetosignwiththeCompany’snameandsealwiththeCompany’ssealbonds,recognizances,contractsofindemnity,andotherwritingsobligatoryinthenatureofabond,recognizance,orconditionalundertaking,andanyofsaidofficersortheBoardofDirectorsatanytimemayremoveanysuchappointeeandrevokethepowergivenhimorher;anditisFURTHERRESOLVED,that(heChairman,thePresident,anyViceChairman,anyExecutiveVicePresident,anySeniorVicePresidentoranyVicePresidentmaydelegatealloranypartoftheforegoingauthoritytooneormoreofficersoremployeesofthisCompany,providedthateachsuchdelegationisinwritingandacopythereofisfiledintheofficeoftheSecretary;anditisFURTHERRESOLVED,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-Factforpurposesonlyofexecutingandattestingbondsandundertakingsandotherwiltingsobligatoryinthenaturethereof,andanysuchPowerofAttomeyorcertificatebearingsuchfacsimilesignatureorfacsimilesealshallbevalidandbindingupontheCompanyandanysuchpowersoexecutedandcertifiedbysuchfacsimilesignatureandfacsimilesealshallbevalidandbindingontheCompanyinthefuturewithrespecttoanybondorunderstandingtowtiichitisattached.I,KevinE.Hughes,theundersigned,AssistantSecretaryofTravelersCasualtyandSuretyCompanyofAmerica,TravelersCasualtyandSuretyCompany,andSt.PaulFireandMarineInsuranceCompany,doherebycertifythattheaboveandforegoingisatrueandcorrectcopyofthePowerofAttorneyexecutedbysaidCompanies,whichremainsinfullforceandeffect.Datedthis21Stdayofoecember,2018-Is,‘-“KevinE,Hughes.Ass’tantSecretaryToverifytheauthenticityofthisPowerofAftorney,pleaseallusatl-800-421-3880.Pleaserefertotheabove-namedAttorney-in-Factandthedetailsofthebondtowhichthepowerisaftachect DEPARTMENTOFCOMMUNITY—“Renton0ANDECONOMICDEVELOPMENTIVIAINTENANCEANDDEFECTAPPLICANTNameandMailingAddress(pleaseprintclearly)AGREEIVIENT(Twoyears)ForpublicName:WalshConstructionCo.!Washingtonroads,publicandprivatelandscaping,drainageAddress1:315FifthAvenueS.,Suite600facilities,andotherpublicimprovementsAddress2:Seattle,WA98104PhoneNumber:206.547.4008ProjectNo./PermitNo.ProjectNamejjpqoc.**t1Ui6006459SunsetCourtApartmentsGuaranteeAmountSiteLocation$911142.551124-il58HarringtonAveNERenton,WA99201Thisagreementismadeandenteredintothis21stdayofDecember20j,betweentheCityofKenton,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.ProjectName16006459/U16006459SunsetCourtApartments6.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.written.APPLICANT:INWITNESSTHEREOF,thepartiesheretohaveexecutedthisAGREEMENTasofthedayandyearfirstabove(5in5(PrintedName)(Title)IPage2of2Published:2/1/2018