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( , <br /> � � <br /> , t. <br /> � • ,1 <br /> Name of ProJect: <br /> Construction Site Addr ss: <br /> `7�1 S' �' /7'7a / �RSi.Ud �D <br /> Permlt Reference: <br /> ASSIf,NMENT OF FUNDS TO TfIE CITY OF EYERETT <br /> For: (descrlbe improvements) • S <br /> ��,oc=�d����s ���✓r,��� eu,�r <br /> —�}T ~l'7 /'S -� �7 ��� � �i'�S/�II(� !L iO . L UC'i72L/ <br /> ]mprovements to be installed per City standards by �Gc L 5/ � 19� <br /> � — <br /> � <br /> We hereby agree thet the sum of ��10 ��11� Gcsf} iV,� <br /> Dollars (E �2Of7D��- • _) will be held in Escrow Account � <br /> No. 1n LU�,E_'C}TT �u7'���/9� (hereinafter ' <br /> referred to as "Bank"1 whose address 1s <br /> , in the nanie of G,4�ey ? �<7'Xj,Q <br /> to assure performance of the above-described improvements and guarantee that <br /> these funds will not be released without prlor written approval from the <br /> ; City uf Everett Public Norks Department (hereinafter referred to as <br /> °City"). We agree that upon completion of the installatton of the <br /> above-described improvements per City standards and approval by the City, j <br /> � the C1ty w111 provide written notice to the Dank authorizing the release of � <br /> these funds. We further agree that these funr.'s will be released to the C1ty <br /> upon nottce by the C1ty that the improvements have not been installed per <br /> City standards. <br /> Provided further, however, that 1n the event the above-described <br /> improvements are installed per . City standards and a certificate of partial <br /> compllance is slgned by the City, tlien in that event, we are further <br /> instructed to release progress payments for the amount of improvements <br /> installed per City standards and approved by the City. The City shall have <br /> first claim and prlority to the remaining balance of said sum <br /> of %/,u�/ �'/��SA,tJO Uollars (b_�f,Z�JB� _)• <br /> ' S/88 <br /> � <br /> � <br /> I <br /> � <br />