HomeMy WebLinkAboutCAG2021-451 - Other - T-Mobile West Tower LLC - Pump Station #5 Performance Bond - 11/09/2021PERFORMANCE BOND
Bond Number:674216609
Site Number:5E040244
KNoW ALL BY THESE PRESENTS, That we T-MobiIe West Tower LLC, 12920 SE 38th StTCCt, BCIICVUC' WA
98006, as principal, hereinafter called Principal, and Liberty Mutual lnsurance Company, 175 BerkeleY
Street. Boston, MA 02116, a Massachusetts corporation, as Surety, hereinafter called Surety, are held
and firmly bound unto City of Kent. 220 Fourth Avenue South. Kent, WA 98032, as Obligee, hereinafter
called obligee, in the amount of Fifteen Thousand and No/100 Dollars ($15'000'00) for the payment of
which sum, well and truly to be made, the said Principal and Surety bind themselves, and their heirs,
executors, administrators, successors and assigns, jointly and severally, firmly by these presents.
WHEREAS, Principal has obtained or is desirous of obtaining a Lease Agreement from City of Kent for
the telecommunications facility located at 23825 98th Avenue South, Kent' WA 98031, and
WHEREAS, as a condition of said Lease Agreement Principal is required to provide a Bond guaranteeing
16s removal of all improvements and repair of the property at the termination of the lease at said
location.
NOW, THEREFORE, THE CONDtTtON OF THE ABOVE OBLIGATION lS SUCH, That if Principal shall remove
all improvements in accordance with said Lease Agreement, then this obligation is void, otherwise to
remain in full force and effect,
PROVI DED, HOWEVER, ThAt:
1. lt shall be a condition precedent to any right of recovery hereunder, that in event of any default
on the part of the Principal, a written statement of the particular facts of such default shall be
forwarded to the Surety, within sixty (50) days of the occurrence of such default, delivered by
registered mail to Surety at its Home Office located at: 175 Berkeley Street, Boston, MA 02115.
2. That no action, lawsuit or proceeding shall be had or maintained against the Surety on this
Bond unless the same be filed and properly served upon the Surety within one year from the
effective date of the cancellation of the Bond'
3. That no right of action shall accrue under this Bond to or for the use of a person or entity other
than the Obligee, and its successors and assigns.
4. This Bond shall become effective November 9' 2021.
5. This Bond shall continue in full force and effect until canceled by the Surety by providing thirty
(30) days written notice to the Obligee'
6. The liability of the Surety shall in no event exceed the aggregate penal sum of the Bond penalty.
lf any conflict or inconsistency exists between the Surety's obligation or undertakings as
described in the Bond and as described in the underlying document, then the terms of the
Bond shall prevail.
7
CAG2021-451
I
lN WITNESS WHEREOF, The said Principal and Surety have signed and sealed this instrument on
this 9th day of November, 2021.
T-Mobil p Waqf Tower L IC
Principal
Surety
ile, Attorney-in'Fact
T}is Forcr d A(qnsy linits th ads d thce rsrpd leloin ad they lnve rc autlrcrity to
tind th Cqrpdry o<ceF in the rmnrs and to the odst lsdn stated
Liberty Mutual lnsurance ComPanY
The Ohio Casualty lnsurance Company
West American lnsurance ComPanY
POWER OF ATTORNEY
Kr.lo,tl.lA.L PERSOI.IS Bf TIESE PRESENIS| 1M The Cfio Casdty lmraE @rp6ry is a copadim dJy cgdized uder ttE la E d fE
Sate d tvbsadrsdts, ad Vlbst Anerist lrstrarre Oonpary
Libertv
Mutudl"Oertificde M: 8206414-674009
dthe ts
prsuttoadby alhdity trcr€in sd fch, dG hereby nare, oqs{itdeUbertyMnd
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SURETY
lm.rareOcrparyis
ofttBSdedlnlas
a ccrporatiandly cr$rized udertfE la^6
(lwein dledidy cdled tlB "Oonpaies),
Sate d lbil Fbrpstire, trhat
a copordim ddy agrized
ard ilcirt, C. Stephens
Charissa D.Charles R, Teter M.Debra J Erin C.Evan D.D.c.
A.
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tterdotis 5th dayol October , 2021
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Tte Oio Cannlty lrurarre CcrPa'rY
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Secrdary
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\ fp darciviletred tinsdf to be ttB Assistflt Secrday d Uberty Mf''dOrtis 5th dayd October ,
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irs{nrrsls shdl be as Urdirg as if $gned b/fe Hredderf ad atte{ed to bytte Seoday. Ay po Er d aLhcrity grarted to aty rcgesatati\,€ q attorEy-iftfad uder
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Cqrpary, \ f1qe1[ ping Won a certiteO copy C'aV poicr d attarey isued by tle Corpany in caredim vfh sudy bords, shdl be vdid trd kidrg Won ttE CdrpdV vtith
liB sare fcre ad efied a tnt4h nwt"dly afixed.
l, RerEe C. Us dlyn, tE udssigEd, Assi$d Secrday, I€ Cfio Ca$dty lrauae @rpa'ry, Ubeny MfLd lrEtrae @rpay, ad \AEd Ansican lnsuarce Oorprty do
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lN TESnill,l{Yv!1fiEtr, I taw lBrerlo sd my ffi ard affilad the seds cf sar:d Corpa'ies ttis 9th day d November , 2021
1912 1919 1991
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Notary Seal
Terdsa Pastella, Notary Public
Montgomery Counly
1912 1919 1991
LMS-12873 LMIC OCIC WAIC Multi Co 02/2'1
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