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Home My WebLink AboutAD05-332 - Other - Springboard Holdings, LLC - Indemnity Bond No. 1019039 - Lexon Insurance Company - 07/26/2006 INDEMNITY BOND BOND NO. 1019039 KNOW ALL PERSONS BY THESE PRESENTS: That We, Springboard Holdings, LLC, as Principal, and Lexon Insurance Company, a corporation organized and existing under and by virtue of the laws and the state of Texas and authorized to do business in the State of Washington as Surety, are held and firmly bound unto the City of Kent, A Washington Municipality, 220 Fourth Avenue, Kent, WA 98030, as Obligee, in the penal sum of Three Hundred Thousand & 00/100 Dollars ($300,000) for the payment of which, well and truly to be made; we firmly bind ourselves, and each of our heirs, executors, administrators, and assigns,jointly and severally by these presents. WHEREAS, the principal has executed a Mechanical Rooms and Related Easements Agreement (the"Easement Agreement') with Obligee regarding construction of specified improvements (the "Work") by a date certain, as part of the project referred to as Town Square Project and Project Springboard, a copy of the Easement Agreement is attached hereto as Exhibit A and incorporated by reference so as to be made a part hereof; THE CONDITION of this obligation is such that if the Principal on or before the date specified shall well and truly do and perform and complete the Work described in the Easement Agreement which is to be installed to the specifications and approval of the City of Kent and shall pay all labor and material bills incurred relative thereto, this obligation shall be void, otherwise to remain in full force and effect. The term of this bond shall be from its date of execution and actual delivery to the City of Kent until such time as time as the obligation has been satisfied through timely performance of the Work or the penal sum has been paid to the City of Kent. Signed, sealed, delivered and effective this 26th day of July, 2006 Lexon Insurance Company Springboard Holdings, LLC Julie Radican By: Its Attorney in Fact Its• { juINAL STATE OF KENTUCKY ) ss. COUNTY OF JEFFERSON ) I certify that I know or have satisfactory evidence that Julie Radican is the person who appeared before me, and said person acknowledged that she signed this instrument, on oath stated that she authorized to execute the instrument and acknowledged it as the Attorney in Fact of LEXON INSURANCE COMPANY to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument. Date: July 26, 2006 Notary Public = ; Print Name Mar . Joseph My commission expires 9/9/2008 == ' STATE OF WASHINGTON ) ss. COUNTY OF KING ) I certify that I know or have satisfactory evidence that 361i1 EYYCZ is the person who appeared before me, and said person acknowledged that he signed this instrument, on oath stated that he was authorized to execute the instrument and acknowledged it as the CCU of SPRINGBOARD HOLDINGS. LLC to be the free and voluntary act of such party for the uses and purposes mentioned in the instrument.Dated: JU ��dG� •ChY4 _ Notary Public AZ ;. �ss1orve'•.. PrFviCtca S2- Ctippyrta11 \� � tq .?s Print Name 4111011 OT 9:7 N ARY m:Z My commission expires 1 aol cn : PIJBL\G r 2 =OF WXQxA �� POWER OF ATTORNEY Lexon Insurance Company LX 018736 KNOW ALL MEN BY THESE PRESENTS, that LEXON INSURANCE COMPANY, a Texas Corporation, with its principal office in Louisville, Kentucky, does hereby constitute and appoint John a Manus,Mary E Joseph,Tammy Masterson,Brook T Smith,'**'**"**:»+«.++«»++«+«++ Kathy Hnbbq Raymond M Hundley,Jason D Gromwell James H Martin Sandra F.Harper Myrtie Henry Julie Radican Virgana E woolridge its true and lawful Attorney(s)-I n-Fact to make, execute, seal and deliver for,and on Its behalf as surety, any and all bonds, undertakings or other writings obligatory in nature of a bond This authority is made under and by the authority of a resolution which was passed by the Board of Directors of LEXON INSURANCE COMPANY on the 1 st day of July, 2003 as follows Resolved, that the President of the Company is hereby authorized to appoint and empower any representative of the Company or other person or persons as Attorney-In-Fact to execute on behalf of the Company any bonds, undertakings, policies, contracts of indemnity or other writings obligatory in nature of a bond not to exceed $2,500,000 00,Two-million five hundred thousand dollars, which the Company might execute through its duly elected officers, and affix the seal of the Company thereto Any said execution of such documents by an Attorney-In-Fact shall be as binding upon the Company as if they had been duly executed and acknowledged by the regularly elected officers of the Company Any Attorney-In-Fact, so appointed, may be removed for good cause and the authority so granted may be revoked as specified in the Power of Attorney Resolved, that the signature of the President and the seal of the Company may be affixed by facsimile on any power of attorney granted,and the signature of the Vice President,and the seal of the Company may be affixed by facsimile to any certificate of any such power and any such power or certificate bearing such facsimile signature and seal shall be valid and binding on the Company Any such power so executed and sealed and certificate so executed and sealed shall, with respect to any bond of undertaking to which it Is attached, continue to be valid and binding on the Company IN WITNESS THEREOF, LEXON INSURANCE COMPANY has caused this instrument to be signed by Its President, and Its Corporate Seal to be affixed this 2nd day of July, 2003 \�c� .ORANCF O LEXON INSURANCE COMPANY . . O A •TEXAS •%�"0 X: INSURANCEBY :D � �• COM PANY 'z David E Campbell President ACKNOWLEDGEMENT On this 2nd day of July,2003, before me, personally came David E Campbell to me known,who being duly sworn,did depose and say that he is the President of LEXON INSURANCE COMPANY,the corporation described In and which executed the above instrument,that he executed said Instrument on behalf of the corporation by authority of his office under the By-laws of said corporation M "OFFIai SEAL" LYDIA J.DEJONG FxCOMMISSIOWEIRRES11/12/2007 TARY PUBLIC STATE Of OlIR01S �— Lydia J DeJong CERTIFICATE Notary Public 1, the undersigned, Secretary of LEXON INSURANCE COMPANY, A Texas Insurance Company, DO HEREBY CERTIFY that the original Power of Attorney of which the foregoing is a true and correct copy, is in full force and effect and has not been revoked and the resolutions as set forth are now in force Signed and Sealed at Lombard, Illinois this �G Day of , 2011 _ :• TEXAS •��'D X: INSURANCE :D f1XlI Donald D Buchanan Secretary