HomeMy WebLinkAboutR-1298 - Releasing the plat guarantee bond for Soundview EastCIT Y 0 F MAR Y S V ILL E
Marysville,Washington
RESOLUTION NO.,a..1'?
A RESOLUTION OF THE CITY OF MARYSVILLE RELEASING THE
PLAT GUARANTEE BOND FOR SOUNDVIEW EAST.
WHEREAS,SHR INVESTMENTS,INC.is the developer of the Plat
of Soundview East,and in November 1986 posted a $15,000 Plat
Guarantee Bond in the form of an assigned cash deposit at
Seattle-First Mortgage Company,Escrow No.5H 7"73 ;and
WHEREAS,the one-year guarantee period has expired without
the necessity of drawing upon the guarantee bond,and the
Department of Public Works has authorized the release of said
bond;NOW,THEREFORE,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MARYS-
VILLE,WASHINGTON AS FOLLOWS:
The Plat Guarantee Bond for Soundview East,as identified
above,is hereby RELEASED.
~PASSED by the C~ty Council and APPROVED by the Mayor this
7-day of Ma."tGo'~,1988.
CITY OF MARYSVILLE
Attest:
BY~~/CITY CLERK
Approved as to Form:
Resolution
By ~#t~OR