Edmonds, WA · Snohomish County
Performance Bond Frozen Fund Agreement
This agreement lets a financial institution secure required project improvements with frozen funds instead of a surety bond, for an owner, developer, or contractor submitting it to the City of Edmonds.
- licensed online notary
- ~15 min average
- Notarized PDF emailed
What you’ll need
- Government-issued photo ID
- Webcam-enabled device (laptop or phone)
- This form, ready to upload as a PDF
What this form is
The agreement allows a financial institution to freeze funds as alternate security for improvements required for a building, critical areas, or landscaping permit, or a subdivision. The City of Edmonds may require it when approving a project, and the form states that funds remain frozen until the City authorizes release in writing. It also describes the City’s ability to demand payment if required improvements are not completed within the timeframe it sets.
Who needs it
An owner, developer, or contractor whose Edmonds project requires performance security may use this agreement in place of a surety bond, with a financial institution holding the funds.
Why it needs a notary
The form has acknowledgment blocks for a financial institution officer and the owner, developer, or contractor; the appropriate signatories must acknowledge their signatures before a notary.
How to get this notarized
- 1
Download the Form
Get the Performance Bond Frozen Fund Agreement from the City of Edmonds.
- 2
Fill In the Project Details
Complete the permit or subdivision, project, account, improvements, fund amount, and signatory information.
- 3
Book an Online Notary
Schedule a commissioned online notary for the acknowledgment blocks required for the financial institution and project signatory.
- 4
Sign on Video
Sign and acknowledge the agreement during the online notary session.
- 5
Submit to the City
Send the completed agreement to the City of Edmonds as part of the project or permit process.
Preview the form
The blank PDF straight from Edmonds. Look it over, then upload your filled copy to start the notary session.
You’ll need ID and a webcam.
A licensed online notary will join you on video, verify your government-issued ID, witness your signature, and apply their seal. You’ll receive the notarized PDF by email when the session ends.
Frequently asked questions
- How do I complete the frozen fund agreement?
- Fill in the project, account, fund amount, and signatory details, then have the required signatories acknowledge their signatures before a notary. Submit the completed agreement to the City of Edmonds.
- Do I need to notarize this agreement?
- Yes. The form includes acknowledgment blocks for a financial institution officer and an owner, developer, or contractor signatory. Complete the block or blocks that apply to the parties.
- Can I sign the agreement with an online notary?
- Washington authorizes its notaries to perform remote online notarizations. A commissioned online notary can notarize an acknowledgment by video; confirm with the city or town if unsure.
- Who decides when the frozen funds can be released?
- The agreement says the financial institution keeps the funds frozen until it receives written authorization from the City of Edmonds to release them.