2115 CALIFORNIA ST 2016-01-01 MF Import

� - `� " � .nj\ . , �,�4: . : - r� Namc of Froject . PUBL/C K/O/zK5' � ,�' �� t,,, ' � D f'2(� 2l,1 Cc� f�? Construction Site Address � � L5 t�L5L°,�2J�5 I N F U LL. Permit Reference: I� ASSIGNR?E.IVT OFFI�NllS TO THE CITY OF �_VGRETT ` ............................. For: (describe imQqqV�n(p�ts�VERETT Publio Works D�pt. SIDEWALK & CUYRS AT 2115 CALIFORNIA — CORNER OF CALIFORNIA & MC DOUGALL EVERETT, WA. [mprovements to be installed per City standards by JUNE 30 , 19 95 . We hereby agree that the sum of 3,500.00 Dollars ($3,500•0� will be held in Escrow Account No3254540853 inp i rst Heritaae (hereinafter Bank referred toas "Bank") whoseaddress is 167 Lincoln Snohomish Wa 98290 inthenameofAyer Construction Itocassurepertonnanceoftheabove-described and City of Everett improvements and guarantee tha[ these funds will not be released without prior written approval from the City of Everett Public Works Department (hereinafter referred to as "City"). We agree that upon completion of the installation of the abuve-described improvements per C':�y standards and approval by the City, thc Ciry will provide written notice to the Bank authorizing the rclease of thesc funds. We further agree that these funds will be released to lhe City upon notice by the City that the improvements have not been installed per Ciry standards. Provided further, however, that in the event the above-described improvements are installed per City standards and a certificate of partial compliance is signed by the City, then in that event, we are further instructed ro release progress payments for the amount of improvements installed per City standards and approved by the City. The Ciry siiill have first claim and prioriry to the remaining balance of said sum of�g�S�pND.FIVE HIINI��11�rs ($ 3.500.00 ). CITY OF EVERETT• 3200 Cedar Street • Everett, WA 98201•(206)259•8800 • Fax (206) 259-8882 � Jn a+�p.f..