Laserfiche WebLink
., ► <br />Name of Project: <br />fine,.,.' IDUVCFX <br />Construction Site Address: <br />7.So eA d B RcvEc, V / � <br />Permit Reference: <br />86 - `ftiq- <br />A.5SIGIO M' OF FUNDS TO THE CITY OF EVIffr <br />For: (describe improvements) <br />Improvements to be installed per City standards by <br />19 <br />lie hereby agree that the sum of $ 1500.00 will be held in Escrow <br />Account No. 0280002733 in Cascade Savings & Loan Assn. (hereinafter <br />referred to as "Bank") in the name of American Pacific Builders (hereinafter <br />referred to as "Applicant") to assure performance of the above -described <br />improvements and guarantee that these funds will not be released without <br />prior written approval from the City of Everett Public Works Department <br />(hereinafter referred to as "City"). We agree that upon completion of the <br />installation of the improvements per City standards and approval by the <br />City, the City will provide written notice to the Bank authorizing the <br />release of these fluids. We further agree that these fluids will be released <br />to the City upon notice by the City that the improvements have not been <br />installed per City standards. <br />Provided further, however, that in the event the above -described <br />improvements are installed per City standards and a certificate of partial <br />compliance is signed by the City, then in that event, we are further <br />instructed to release progress payments for that amount of improvements <br />installed per City standards and approved by the City. Tile City shall have <br />first claim and priority to the remaining balance of said slum of <br />$ 1500.00 <br />Cascade Savings & Loan Assn. <br />Name of Ban <br />Address: 19419 HWY 99 So. <br />Lynnwoo , <br />Title: Savings Merchandising Officer <br />Telephone no.: 775-6666 <br />Contact Person: Peggye McKinna <br />611t4,1 56,Or 7v 7.Z -a7 <br />Page 1 of 2 <br />