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\�\ <br /> Q�1��W��+�-\ U G`nes�n��- �. <br /> �1 � Name of Prcject <br /> � F�a '��� �� 3� 31,���3.1�� 1,��-115 CNC'�T�v�i S i <br /> � � ,�,I,� �q'C Const:uction Site Address: <br /> „G`��o�gpeP�. (-'�,Joy09- o/9 <br /> c� <br /> p�b��p Permit Reference: <br /> ASSIGNMENT OF �UNDS TO THE CITY OF EVGR�TT <br /> Por. (describe improvements) <br /> SNS'fi�LL/1�T'�CN Ur ALI.CY �C� �'P�`�E� <br /> �EST(�N <br /> 1�^ <br /> Improecments to bc installed per Ciry standards by _TAr.A�Y � UO . <br /> We hereby agree that the sum of �it�f'�P'�'µUUXluI� �11p�e i U�I�U(�pollars <br /> ($ �y�2t10 )will be hcld in Escrow Account No. 1�9���U' �� in <br /> �)���z� �j��� (hcreinaflcr referred to as"Dank") whose nddress is <br /> (�aC.1 S� c1 �E � �,(, S'CE�-EuS _in thc namc of <br /> _�,A��,[ (3��, �f�1C, to assure performnnce of the <br /> above-dcscribed improvements and guarantce that these funds will not be released without prior <br /> written approval from the City of Everett Public Works Department (hereinafter referred to as <br /> "City"). We agree that upon completion of the installation of the nbo��e-described improvements <br /> per City standards and appro��al by thc City, thc City �vill provide writtcn notice to the Bank <br /> authorizing thc rcicasc of these funds. Wc furiher agree that these funds will be released to the <br /> City upon noticc by the City that the improvemcnts have not bcen instulled per City standards. <br /> Providcd further, however,that in die event the above•described improvements are installed per <br /> City standards and a ccrtificate of partial compliani�e is singed by the City, then in that event, wc <br /> are furthcr instructed to mlense progress paJ�mcnts for the amount of improvements instnlled per <br /> City standard and voved by the City. The City shall hace tirst claim nnd priority t�e <br /> rcmaining balnnce o(said sum of ,v il�'e-ie�� 'tY1W`.F1�\ Y1tAV1Q��u D��lars <br /> c$�f�_o0 )• <br /> Assignment of Funds,Page 1 of 3 <br />