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Name oftlojeet <br /> 417Err g'45a1 s vre.c.,cepr 4)/1 <br /> Construction Site Address: <br /> Permit Reference: <br /> ASSIGNMENT OF FUNDS TO THE CITY OF EVERETT <br /> For: (describe improvements) <br /> GJ,a//,7; v C 40,/i <br /> Improvements to be installed per City standards by / /72 ZG , /4///o1Dl p <br /> too A0 <br /> We hereby agree that the sum of�� iDuS 14t hetc 5/' rJi�°�—� Dollars <br /> ($ //0269,60 )will be held in Escrow Account No. 101 470 in <br /> �-1 -.tc ,t 6, 13 A t3 k (hereinafter referred to as"Bank") whose address is <br /> 2.303 PACAF\C 1'llfnkwA`t! S FQOEfLAL W (` hi A `1t63 in the name of <br /> `UDC)OV-Pc{-1 (a. (I Ut psi..) to assure performance of the <br /> above-described improvements and guarantee that these funds will not be released without prior <br /> written approval from the City of Everett Public Works Department(hereinafter referred to as <br /> "City"). We agree that upon completion of the installation of the above described improvements <br /> per City standards and approval by the City,the City will provide written notice to the Bank <br /> authorizing the release of these funds. We further agree that these funds will be released to the <br /> City upon notice by the City that the improvements have not been installed per City standards. <br /> Provided further, however, that in the event the above-described improvements are installed per <br /> City standards and a certificate of partial compliance is signed by the City,then in that event,we <br /> are further instructed to release progress payments for the amount of improvements installed per <br /> City standard and approved by the City. The City shall have first claim and priority to the <br /> remaining balance of said sum of TEO ? At,1/4.)SPtaV -rob Ht.uoo2GN Stxi N►rsrcDollars 404oO <br /> ($ ID) 2 <br /> 61. ). <br /> Assignment of Funds,Page <br /> Z.n <br />