Interwest Construction, Inc. 1/13/2026

City of Everett 00 61 25 - 4 00 61 25 - 4 RETAINAGE ESCROW AGREEMENT “Eligible Securities are those bonds and securities identified in the paragraph entitled, Eligible Securities on page 1 above. “Retainage” shall mean moneys reserved by the City under the provisions of a public improvement contract. 11. Miscellaneous. With the possible exception of any agreement between the Bank and Contractor regarding amount and payment of fees, commissions and charges related to the Escrow Account, this document contains the entire agreement between the Bank, Contractor and the City with respect to this Escrow Account. This Agreement binds the assigns, successors, personal representatives and heirs of the parties hereto. Those persons executing this Agreement represent and warrant they are duly authorized to bind their principals to this Agreement and to execute this Agreement on their behalf. Venue for any dispute arising out of, or related to, this Agreement shall be Snohomish County, Washington. This Agreement shall be executed in triplicate, each of which shall be deemed to be an original. AGREED AND ACCEPTED this the __ day of __________, 20__. Contractor: By: _______________________________ Typed or Printed Name: _____________ Title: _____________________________ Address: ___________________________ City: __________________________ State: ______________ Zip: ___________ AGREED AND ACCEPTED by the City of Everett this the day of , 20 . By _______________________________ Cassie Franklin, Mayor ATTEST: City Clerk PART 1 - AGREED AND ACCEPTED this the __ day of ________, 20__. BANK: _______________________ By: _______________________________ Typed or printed name: _______________ Its ___________________ STANDARD DOCUMENT APPROVED AS TO FORM OFFICE OF THE CITY ATTORNEY (10.22.21)