The URL can be used to link to this page

Home My WebLink AboutS_Release_Maintenance_Bond_382291S_180816DenisLawMayorCommunity&EconomicDevelopmentC.E.‘Chip”VincentAdministratorAugust16,2018AlbacoreACH,LLC9675SE36thStreet,Suite105MercerIsland,WA98040SUBJECT:RELEASEOFPOWEROFATTORNEYANDMAINTENANCEBOND#3822915ENCLAVEATBRIDLERIDGE/UTILITYPERMIT#U14005368DearSir/Madam:ThisletteristonotifyyouthattheCityhasperformedatwo(2)yearwalk-throughoftheEnclaveatBridleRidgeprojectandnomaintenanceissueswerereportedoriftherewereanymaintenanceissuestheyhavebeenresolved.Therefore,thisletterwillalsoserveasauthorizationtoreleasethePowerofAttorneyfromDevelopersSuretyandIndemnityCompanyandMaintenanceBond#3822915issuedtoAlbacoreACH,LLConJuly13,2016intheamountof$294,100.30.TheseitemswerepostedtotheCityofRentononbehalfoftheEnclaveatBridleRidgeproject.Enclosedaretheoriginaldocumentsforyourreference.Ifyouhaveanyquestions,pleasecontacttheprojectmanager,RohiniNairat(425)430-7298.Sincerely,JenniferHenningPlanningDirectorEnclosure(s):DevelopersSuretyandIndemnityCompanyPowerofAttorneyMaintenanceBond#3822915cc:RohiniNair,DevelopmentEngineeringProjectManagerBrianneBannwarth,Dev&opmentEngineeringManager1055SouthGradyWay,Renton,WA98057-rentonwa.gov PrintFormResetFormSaveFormDEPARTMENTOFCOMMUNITY.ANDECONOMICDEVELOPMENT1’d1JtDIJ1cJMAINTENANCEBONDBondNumber:382291SProjectName:EnclaveatBridleRidgeKNOWALLMENBYTHESEPRESENT;thatweAlbacoreACH,LLC,aWashingtonLimitedLiabilityCompanyasPrincipal,andDevelopersSuretyandIndemnityCompanyacorporationorganizedandexistingundertheLawsoftheStateofIowaSuretyareheldandfirmlybounduntoTHECITYOFRENTONasObligee,inthetotalsumofTwoHundredNinetyFourThousandOneHundredand30/iDOths,(5294.100.30)dollars,forthepaymentofwhich,wellandtrulytobemade,theexecutors,administrators,successorsandassigns,jointlyandseverally,firmbythesepresent:For:Platimprovementsincludingsanitarysewersystem,stormdrainagesystemandstreetimprovementsforthePlatofEnclaveatBridleRidgeperPermitU14005368.NOWTHEREFORETHECONDITIONOFTHISOBLIGATIONISSUCH,ThatifthePrincipalshallmaintainandremedysaidworkfreefromdefectsinmaterialsandworkmanshipforaperiodoftwo(2)yearsfollowingcompletion,thenthisobligationshallbevoidotherwiseshallremaininfullforceandeffect.SIGNED,SEALEDANDDATEDthis13thDAYOF_ _ ____ _ _%ant’sSignatureAlbacoreACH,LLCApplicant’sName(Print)9675SE36thStreet,Suite105AddressMercerIsland,WA98040City,State,ZipJuly.2016Sig4t’ureofBondingAgekeJeanM.floffman,Attorney-in-FactDevelopersSuretyandIndemnityCompanyNameofBondingAgent&Company(Print)17771Cowan,Suite100Address800.782.1546Irvine,CA92614City,State,Zip&PhoneAttachPowerofAttorneyFormandMaintenance&DefectAgreementtoBondH:\cED\Data\Forms-Templates\SeIf.HeIpHandouts\Publicwcrks\MAINTENANCEBOND.docxRev:04/2015 POWEROFATTORNEYFORDEVELOPERSSURETYANDINDEMNITYCOMPANYINDEMNITYCOMPANYOFCALIFORNIAP0Box19725,IRVINE.CA92623(949)263-3300KNOWALLBYTHESEPRESENTSthatexceptasexpresslylimited,DEVELOPERSSURETYANDINDEMNITYCOMPANYandINDEMNITYCOMPANYOFCALIFORNIA,doeachherebymake,constituteandappoint:KevinG.Rabourn,JeanM.Hoffman,JamesF.Wilson,jointlyorseverally’astheirtwaandlawfulAttorney(s)-in-Fact,tomake,execute.deLverandacknowledge,forandonbehalfofsaidcotpcratons.assurees.bonds,undertakirgsandccnj’actsofsuretyshipgivingandgrantnguntosaidAttorney(s)-in-Factfullpowerandauthoritytodoandtoperformeveryactnecessaryrequisiecrpropertobedoneinconnectontherewithaseachofsaidcorporaonscoulddo,b-itreservingtoeachofsadcorporationshillpowerofsubstitulionandrevocation,andalloftheactsofsaidAttorney(s)in-Facc.pursuanttotheseresents,areherebyrafledendconfirmed.ThisPowerofAttorr.eyisgrantedands:gnedbyfacermleunderandbyauthorityofthefallownyresduonsadoptedbytherespectiveBoardsofDirectorsofDEVELOPERSSURETYANDINDEMNITYCOMPANYandINDEMNITYCOMPANYOFCAUFORMkeffectveasofJanuary1st,2008.RESOLVED,thatacombinationofanytwooftieChairmanoftheBoard,thePresident.ExecrutveVice-President,SenicrVice-PresidentoranyVicePresidentoftheco.-poratcr.sbe,andthateachofthemherebyis.autionzedtoexecutethisPowerofAttorney.qualifythghieattorney(s)namedintheRy,erofAttorneytoexecuteonbehalfofthecorporations,bonds,undertakingsandcontractsofsuretyshipa-idThattheSecretaryoranyAssistantSeereta’yofeitherofthecorporabctsbe,andeachofthenherebyis.authorizedtoattesttheexea,onofanysuchPowerofAttorney:RESOLVED,FURTHER,thatthesignaturesofsuchofficersmaybeaffixedtoanysuchPowerofAttorneyortoanycertificaterelatingtheretobyfacsimile,andanysuchPowerofAttorneyorcertificatebearingsuchfacsimilesignaturesshallbevalidandbindinguponthecorporationswhensoaffixedandinthefuturewithrespecttoanybond,undertakingorcontractofsuretyshiptowhichitisattached,INWITNESSWHEREOF,DEVELOPERSSURETYANDINDEMNITYCOMPANYandINDEMNITYCOMPANYOFCALIFORNIAhaveseverallycausedthesepresentstobesignedbytheirrespecflveofficersandattestedbytheirrespectiveSecretaryorAssistantSecretarythisJanuary29,2015.By2aatcit7_,.,DanielYoung,Seniorvice-President/p7ByP0?1936MarkLansdon,Vice-Presidentioyn.\r;VAnotarypublicorotherofficercompletingthiscertificateverifiesonlytheidentityoftheindividualwhosignedthedocumenttowhichthiscertificateisattached,andnotthetruthfulness,accuracy,orvalidityofthatdocument,StateofCaliforniaCountyofOrangewhoprovedtomeonthebasisofsalisfactorjevidencetobetheperson(s)whosename(s)is/aresubscribedtothewithininstrumentanda&rowledgedtomethath&sheM’eyexecutedthesameinhsjherhn&rauthorizedcapacity(ies)andthatbyhisTher,lneirsignature(s)onthehstmrnenttheperson(s),ortheent’tyuponbehalfofwhichtheperson(s)acted,executedtheinsfrumentIcerbfyunderPENALTYOFPERJURYunderthelawsoftheStateofCaliforniathattheforegoingparagraphisflueandcorrect::rrrzrsCERTIFICATETheundersigned,asSecretaryorAssistantSecretaryofDEVELOPERSSURETYANDINDEMNITYCOMPANYorINDEMNITYCOMPANYOFCALIFORNIA,doesherebycertifythattheforegoingPowerofAttomeyremainsinfullforceandhasnotbeenrevokedand,furthermore,thattheprovisionsoftheresolutonsoftherespectiveBoardsofDirectorsofsaidcorporationssetforthinthePowerofAttorneyareinforceasofthedateofthisCertificate.ThisCertificateisexecutedintheCityoftwine,California,this13thdayofJuty,2016By:/6CMffjostcCCassieJOhrrisfordAssistantStaryJanuary29,2015Oaiebeforeme,LucilleRaymond,NotaryPublicHareiruariNan,.3rdThhata,.OtcDanielYoungandMarkLansdonNxte(.tIOnpeonallyappearedCommission02081NotaryPublic-CaliforniaOranQiCountyE°T’ExtrasDcl13.2918PlaceNotarySealAboveLucif,ØyAiond.NotaryPubflc10.1380(Rev.01/15)