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HomeMy WebLinkAbout4721 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 RESOLUTION NO. /f'Zl- WHEREAS, the City of Kent has made an application under Application No. S-1523 of District No. 1, State of Washington Department of Highways for a franchise for the installation of water line for the City of Kent upon certain highways and across c r- tain highways of the State of Washington; and WHEREAS, a franchise performance bond in the sum of rn,ne_ thousand ($~l~OOOoOO) Dollars must be provided to the State of Washington by the City of Kent; and WHEREAS, General Insurance Company of America is willing to furnish such a bond, for an agreed premium, upon the authorized execution by the Mayor and the City Clerk of the City of Kent of said Company's application form No. S-6, and the indemnity agree- ment thereon, and the franchise bond, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF KENT in regular meeting assembled: That the Mayor and City Clerk of the City of Kent,)be and they are hereby authorized and directed to execute on behalf of the City of Kent General Insurance Company of America Bond Applica tion Form S-6, together with the indemnity agreement thereon, and they are further authorized and directed to execute on behalf of the City said franchise bond to the State of Washington in the sum of One-thousand ($l,OOO.OO)Dollars, on its preparation and delivery by the said company to the City for execution. PASSED in regular meet1ng~~62. ayor ' Attes~~ y er