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Home My WebLink About20250822_PLN1388_MB a 1 MAINTENANCE BOND i Bond No. 101445480M 1) The undersigned: Corstone Contractors LLC has the following development construction project Jensen 41 Permit No.:PWD-3841;pending acceptance by the CITY OF ARLINGTON,Washington.The 2-years maintenance period starts when the terms of acceptance as outlined in Project Closeout Requirement Letter have been fulfilled and the City accepts the project. 2) This bond satisfies the 2-year maintenance requirement as outlined in the Project Closeout Requirement Letter and are incorporated herein by this reference. BONDED ITEMS.All items to be dedicated to the City ofArlington or were repaired due to construction;including but not limited to infrastructure relating to the water,sanitary sewer and storm water drainage systems,private and public landscaping and right-of-way improvements tional Bonding, Inc(Surety),a corporation,organized under the laws of the The undersigned,anctAerchants Na State of Iowa and licensed to do business in the State of Washington as surety and named in the current list of"Surety Companies Acceptable in Federal Bonds"as published in the Federal Register by the Audit Staff Bureau of Accounts,U.S.Treasury Dept.,are jointly and severally held and firmly bound to the City of Arlington,in the sum of Thirty two thousand forty one and 2�5,1100 in US Dollars($32 041 25) Total Bond Amount,subject to the provisions herein. 3) If the undersigned faithfully performs maintenance and repairs of all the above obligations described in paragraph (1) and (2), above, and has demonstrated to the reasonable satisfaction of the City of Arlington that all requirements have been completed and approved by the City,then this agreement shall be null,and void and the City of Arlington shall release the aforementioned funds.;if such maintenance obligations have not been fulfilled,this bond shall remain in force and effect.The bond shall not be released without written discharge from the City of Arlington 4) If the undersigned, upon written demand by the City of Arlington and at least 30 days' prior notice, fails to complete the requirements as set forth in paragraph (2),then the City of Arlington may,in its discretion,withdraw said funds described in paragraph(2)for the purpose of completing the work above described. Any such action by the City of Arlington shall not release the undersigned from liability,and the undersigned agrees that it shall remain responsible for all costs incurred by the City of Arlington in completing the tasks described in paragraph (2), above, less any sums withdrawn pursuant to this paragraph. 5) The Surety for value received agrees that no change,extension of time,alteration,or addition to the terms of the Agreement,the specifications accompanying the Agreement,or to the work to be performed under the Agreement shall in any way affect its obligation on this bond,and waives notice of any change,extension of time,alteration,or addition to the terms of the Agreement or the work performed.The Surety agrees that the bond shall not be released without from consent of the City of Arlington. 6) This bond may be executed in two (2) original counterparts and shall be signed by the parties' duly authorized officers.This bond will only be accepted if it is accompanied by a fully executed and original power of attorney from the office executing on behalf of the surety. 7) This agreement shall be binding on the undersigned and on their successors and assigns. Signed and executed this 25th day of August 20225 COMPA ne Contrac ors LLC SURETY Merchants National Bonding, Inc. Z -2 C�✓�-� G��i.Ali11 r� 8/25/2025 Signature Date Signature Date Print Nam : " 4" /{G �G( Print Name: Marina Matyunin Title: IF/--t Title: Attorney-in-Fact Address: 1910 Bickford Ave. Suite A Address: 601 Union Street, Suite 1000 City: Snohomish State: WA zip: 98290 City: Seattle State: WA Zip: 98005 Phone Number: 360.862.8316 Phone Number: 206.441.6300 Email: Email: bond@usi.com Page 1 of 1 City of Arlington-18204 59th Avenue NE-Arlington,WA 98223 REV2.2024 MERCHANTS BONDING COMPANY,. POWER OF ATTORNEY Know All Persons By These Presents,that MERCHANTS BONDING COMPANY(MUTUAL)and MERCHANTS NATIONAL BONDING, INC., both being corporations of the State of Iowa,d/b/a Merchants National Indemnity Company(in California only)(herein collectively called the "Companies")do hereby make,constitute and appoint,individually, Allison McClintock;Amber Engel;Benjamin Wells;Brock Dinneen;Debbie Lindstrom;Holly E Ulfers;Jamie Armfield;Jeff Hansen;Kathleen M Mitchell;Kathy Nye;Kristine Santamaria;Laura Kovarik;Marina Matyunin;Roxana Palacios;Scott C Alderman;Tara A Koloski;Tatiana Gefter their true and lawful Attorney(s)-in-Fact, to sign its name as surety(ies) and to execute, seal and acknowledge any and all bonds, undertakings, contracts and other written instruments in the nature thereof, on behalf of the Companies in their business of guaranteeing the fidelity of persons, guaranteeing the performance of contracts and executing or guaranteeing bonds and undertakings required or permitted in any actions or proceedings allowed by law. This Power-of-Attorney is granted and is signed and sealed by facsimile under and by authority of the following By-Laws adopted by the Board of Directors of Merchants Bonding Company(Mutual)on April 23,2011 and amended August 14,2015 and April 27,2024 and adopted by the Board of Directors of Merchants National Bonding,Inc.,on October 16,2015 and amended on April 27,2024. "The President, Secretary, Treasurer, or any Assistant Treasurer or any Assistant Secretary or any Vice President shall have power and authority to appoint Attorneys-in-Fact, and to authorize them to execute on behalf of the Company, and attach the seal of the Company thereto, bonds and undertakings,recognizances,contracts of indemnity and other writings obligatory in the nature thereof." "The signature of any authorized officer and the seal of the Company may be affixed by facsimile or electronic transmission to any Power of Attorney or Certification thereof authorizing the execution and delivery of any bond, undertaking, recognizance, or other suretyship obligations of the Company,and such signature and seal when so used shall have the same force and effect as though manually fixed." In connection with obligations in favor of the Florida Department of Transportation only, it is agreed that the power and aut horny hereby given to the Attorney-in-Fact includes any and all consents for the release of retained percentages and/or final estimates on engineering and construction contracts required by the State of Florida Department of Transportation. It is fully understood that consenting to the State of Florida Department of Transportation making payment of the final estimate to the Contractor and/or its assignee, shall not relieve this surely company of any of its obligations under its bond. In connection with obligations in favor of the Kentucky Department of Highways only,it is agreed that the power and authority hereby given to the Attorney-in-Fact cannot be modified or revoked unless prior written personal notice of such intent has been given to the Commissioner- Department of Highways of the Commonwealth of Kentucky at least thirty(30)days prior to the modification or revocation. In Witness Whereof,the Companies have caused this instrument to be signed and sealed this 16th day of April 2025 - °•' •• MERCHANTS BONDING COMPANY(MUTUAL) °•'OVOIYAI' •O�NG CQ�A•• MERCHANTS NATIONAL BONDING,INC. 'RPO/�' �Ot ;°O? (�PO/� .9 d/b/a MERCHANTS NATIONAL INDEMNITY COMPANY Go _ Z. •z:— 3 .�.• ;yJ, ;•y� By c. %dam' ... ��.� '.6�.. .• \�a.' President STATE OF IOWA °'• •• .,' ° COUNTY OF DALLAS ss. On this 16th day of April 2025 before me appeared Larry Taylor, to me personally known, who being by me duly sworn did say that he is President of MERCHANTS BONDING COMPANY (MUTUAL)and MERCHANTS NATIONAL BONDING, INC.; and that the seals affixed to the foregoing instrument are the Corporate Seals of the Companies;and that the said instrument was signed and sealed in behalf of the Companies by authority of their respective Boards of Directors. Penni Miller Commission Number 787952 t -— • • My Commission Expires IOWA January 20,2027 �L' Notary Public (Expiration of notary's commission does not invalidate this instrument) I, Elisabeth Sandersfeld, Secretary of MERCHANTS BONDING COMPANY (MUTUAL) and MERCHANTS NATIONAL BONDING, INC., do hereby certify that the above and foregoing is a true and correct copy of the POWER-OF-ATTORNEY executed by said Companies,which is still in full force and effect and has not been amended or revoked. In Witness Whereof,I have hereunto set my hand and affixed the seal of the Companies on this 25th day of August 2025 P AION44 G �� fA'. co ��POIQ4� p2•.. .•0o,�oQPo99 2003 Z •ec' 1933 C' Secretary J'•. :'��: •y POA 0018 (6/24) °°""'•°°°•••