Loading...
HomeMy WebLinkAboutS_Maintenance_Bond_PB03283300058_U16006368_190130.pdfDEPARTMENTOFCOMMUNITYANDECONOMICDEVELOPMENTC—Renton0MAINTENANCEBONDBondNumber:PB03283300058ProjectName:ANuraAtTiffanyParkKNOWALLMENBYTHESEPRESENT;thatweMainvueWALLCandPhiladelphiaIndemnityInsuranceCompanyacorporationorganizedandexistingundertheLawsoftheStateofnnsynasPrincipal,SuretyareheldandfirmlybounduntoTHECITYOFRENTONasObligee,inthetotalsumofOreMUllonFifty-TwoThoosandNineHundredTwerayNineDollarsandForty-SixCents1,052,929.46‘Vdollars,forthepaymentofwhich,wellandtrulytobemade,theexecutors,administrators,successorsandassigns,jointlyandseverally,firmbythesepresent:For:Maintenanceofpublicroads,publicandprivatelandscaping,drainagefacilities,andotherpublicimprovements.NOWTHEREFORETHECONDITIONOFTHISOBLIGATIONISSUCH,ThatifthePrincipalshallmaintainandremedysaidworkfreefromdefectsinmaterialsandworkmanshipforaperiodoftwo12)yearsfollowingcompletion,thenthisobligationshallbevoidotherwiseshallremaininfullforceandeffect.SIGNED,SEALEDANDDATEDthis22ndDAYOFJanuary,2019ru€A’pIicant’sSign’tureUt3c17’T.UcVUApplicant’sName(Print)1H1H1t’AJ1zutaoAddress?i1(pvujId/i9g?oo4City,State,ZipignatureofBondingAgentUJanelleResseguie(Attorney-in-Fact)NameofBondingAgent&Company(Print)14205thAye,Suite3510AddressSeattle,WA98101(206)607-3370City,State,Zip&PhoneAttachPowerofAttorneyFormandMaintenance&DefectAgreementtoBondH:\CED\Data\Forms-Templates\seIf-HeIpHandouts\DevelcpmentEngineering\MAINTENANCEBOND.docxRev:02/2W.9 PhILADELPhIAINDEMNITYINSURANCECOMPANYOneBalaPlaza,Suite100BalaCynwyd,PA19004-0950KNOWALLPERSONSBYTHESEPRESENTS:ThatPHILADELPHIAINDEMNITYINSURANCECOMPANY(theCompany),acorporationorganizedandexistingunderthelawsoftheCommonwealthofPennsylvania,doesherebyconstituteandappointianelleRessegule-itstrueandlawfulAttorney-in-factwithfullauthoritytoexecuteonitsbehalfbonds,undertakings,recognizancesandothercontractsofindemnityandwritingsobligatoryinthenaturethereof,issuedinthecourseofitsbusinessandtobindtheCompanythereby,inanamountnottoexceedUNLIMITED.ThisPowerofAttorneyisgrantedandissignedandscaledbyfacsimileunderandbytheauthorityofthefollowingResolutionadoptedbytheBoardofDireclorsofPHILADELPHIAINDEMNITYINSURANCECOMPANYanthe14”ofNovember,2016.kESOLVED:ThattheBoardofDirectorsherebyauthorizesthePresidentoranyVicePresidentoftheCompany:(I)AppointAttorney(s)inFactandauthorizetheAttorney(s)inFacttoexecuteonbehalfoftheCompanybondsandundertakings,contractsofindemnityandotherwritingsobligatoryinthenaturethereofandtoattachthesealoftheCompanythereto;and(2)toremove,atanytime,anysuchAttorney-in-Factandrevoketheauthoritygiven.And,beitThatthesignaturesofsuchofficersandthesealoftheCompanymaybeaffixedtoanysuchPowerofAttorneyorcertificaterelatingtheretobyfacsimile,andanysuclxPowerofAttorneysoexecutedandcertifiedbyfacsimilesignaturesandfacsimilesealshallbevalidandbindingupontheCompanyinthefuturewithrespecttoanybondorundertakingtowhichitisattached.\‘:-—,.::‘,,-•RobertD.O’LearyJr.,President&CEOPhiladelphiaIndemnityInsuranceCompanyOnthis27thdayofOctober,2017,beforemecametheindividualwhoexecutedtheprecedinginstrument,tomepersonallyknown,andbeingbymedulyswornsaidthatheisthethereindescribedandauthorizedofficerofthePHILADELPHIAINDEMNITYINSURANCECOMPANY;thatthesealaffixedtosaidinstrumentistheCorporatesealofsaidCompany;thatthesaidCorporateSealandlassignatureweredulyaffixed.couMon*tAtnl91’NN3YLVMOAINOTARI,J.aLALIIMoo.,K,.ppNoM’yP,,b0cIU,comma.o,,E’I*1,1020.1023•fl,3,Loc0a,EdwardSayago,CorporateSecretaryofPl-IILADELPHIAINDEMNITYINSURANCECOMPANY,doherebycertifythattheforegoingresolutionoftheBoardofDirectorsandthePowerofAttorneyissuedpursuanttheretoonthe27thdayofOctober,2017aretrueandcorrectandarestillinfullforceandeffect.IdofurthercertifythatRobertD.O’LearyJr.,whoexecutedthePowerofAttorneyasPresident,wasonthedateofexecutionoftheattachedPowerofAttorneythedulyelectedPresidentofPHILADELPI-lIAINDEMNITYINSURANCECOMPANY.InTestimonyWhereofIhavesubscribedmynameandaffixedthefacsimilesealofeachCompanythis2fdayofJanuan’,2Q12-1927-EdwardSayago,CorporateSecretaryPIIILADELPIIIAINDEMNITYINSURANCECOMPANY•PowerofAttorneyFt.JR’EIIERRESOLVED:INTESTIMONYWHEREOF,PHILADELPHIAINDEMNITYINSURANCECOMPANYHASCAUSEDTHISINSTRUMENTCORPORATESEALTOBEAFFIXEDBYITSAU’rl-loRlzEDOFFICETHIS2101DAYOFOCTOBER,2017.(Seal)TOBESIONEDANDITSI(NotarySeal)NotaryPublic:residingat:Mycommissionexpires:BalaCynwydPA—September25.2021 DEPARTMENTOFCOMMUNITYANDECONOMICDEVELOPMENT—“RentonCIVIAINTENANCEANDDEFECTAPPLICANTNameandMailingAddress(pleaseprintclearly).MainvueWaLLCName.AGREEMENT(Twoyears)Forpublic....Address11110-112thAVe.NE,Suite202roads,publicandprivatelandscaping,drainagefacilities,andotherpublicimprovementsAddress2:Bellevue,WA98004PhoneNumber:425-646-4022ProjectNo./PermitNo.ProjectNameLUA13-0001572/U16006368AlluraatTiffanyParkGuaranteeAmountSiteLocation$1,052,929.46SWofMonroeAveSEandEndofSouth18thStreetThisagreementismadeandenteredintothis2—?2dayof‘),4atLac’Q,20j,betweentheCityofRenton,hereinaftercalledtheCITY,andtheabovenamedapplicant,hereinaftecalledAPPLICANT.BasisforAGREEEMENT:WHEREAS,theunder5ignedAPPLICANThasconstructedpublicroads,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. MAINTENANCEANDDEFECrAGREEMENT(C0NT’D)ProjectNo/PermitNo.ProjectNameLUA13-0001572/U16006368AlluraatTiffanyPark6.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:(ighature)(Date)1-i&nt.CaJtl(Y)1-IJairrnaX14I7dfl1natsyis(PrintedName)(Title)Pace2of2IPublished:2/1/2018