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