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t7l <br />EVERETT <br />WASHINGTON <br />CITY OF EVERETT <br />Community, Planning, & Economic Development Department <br />Planning Division <br />ASSIGNMENT OF FUNDS <br />Construction Site Address 4326 Crescent Ave Everett WA <br />Project # PW2103-018 <br />Project Name <br />Acre Short Plat <br />Developer AMA Ventures, LLC. <br />Describe Improvements: <br />Landscaping Plan Assignment of Funds <br />Improvements to be installed per City standards by . iLA- eP y&reX U—C. , 20�. <br />We hereby agree that the sum of Two Thousand Four <br />Hundred ($_2400.00_) Dollars will be held in <br />address is <br />described improvements and guarantee <br />N Account No. &k Ab-20 K,3 <br />?rr referred to as "Bank") whose <br />i , in the name <br />_ to assure performance of the above <br />;s will not be released without prior <br />written approval from the City of Everett Department of Planning and Community Development <br />(hereinafter referred to as "City"). We agree that upon completion of the installation of the <br />above described improvements, per City standards and approval by the City, the City will <br />provide written notice to the Bank authorizing the release of these funds. We further agree <br />that these funds will be released to the City upon notice by the City that the improvements <br />have not been installed per City standards after the date listed in paragraph one of this <br />agreement; provided, however, if the City determines that an action or inaction associated with <br />this agreement has created an emergency situation endangering the public health, safety, or <br />welfare, creating a potential liability for the City, or endangering City streets, utilities, or <br />property, then not withstanding the date listed in paragraph one of this agreement, we further <br />agree that these funds will be released to the City upon notice by the City that the <br />improvements have not been installed per City standards and that an emergency exists which <br />requires their immediate release. <br />O 2930 Wetmore Ave, Ste 8-A © 425.257.8731 O planning@everettwa.gov <br />Everett, WA 98201 425.257.8742 fax everettwa.gov <br />