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_ . ..._ _ ,,..�� <br /> , i _..u°� <br /> � Name of Project: 1 <br /> �: <br /> Metal Storaqe Facilitv �+ <br /> Construction Site Address: ' � <br /> 5612 Evergreen Way <br /> Permit Reference: <br /> H � <br /> �:�y <br /> � y y ASSIGNMENT OF FUNOS TO TfIE CITY OF EVERETT <br /> �� � • <br /> I <br /> ��� For: (describe improvements) <br /> SeventY feet of sidewalk and curb installation on Everqreen Wav <br /> � ��� <br /> OH <br /> � <br /> �� Improvements to be installed per City standards by August 3Q, �g 89 <br /> �� <br /> �� We hereby agree that the sum of �hree thousand nine hundred fifty and 00/100 <br /> �� <br /> $�' Dollars (E 3,950.00 . ) v�ilt be held in Escrow Acco��nt <br /> t�i� <br /> y� ��o. 1137 014963 27 i� CityBank Financial Center (hereinafter <br /> o�n <br /> � referred to as "dank") whose address is 14807 H�vy 99 Lynnwood, WA 98037 <br /> , in the nam� of Seattle Fireplace Shop Inc dba Everett Fireplace <br /> to assure performance of the above-described improvements and guarantee that <br /> these funds will not be released withcut prior wri'tten approval from Ch� <br /> / � �, City of Everett Public Works Department (hereinafter referred to as <br /> I �-' "City"). We agree that upon completion of the installation of the � <br /> j � above-described improvements per City standards and approval by the City, i <br /> I ;�� , <br /> � the City will prov�de written notice to the Dank authorizing the release of <br /> � these funds. 41e further agree that these funds will be released to the City <br /> �� upon nottce by the City that the improvements have not been installed per <br /> � City standards. i <br /> i � (��' <br /> IProvided further, however, Chat in the event the above-described <br /> improvements are installed per. City standards and a certificate of partial <br /> i <br /> � .�.� compliance is signed by the City, then in that event, we are further � <br /> I <br /> instructed to release progress payments for the amount of improvemen�s <br /> ��.,�� installed per City standards and approved by the City. The City shall have <br /> first claim and priority to the remaining 6alance of said sum �I <br /> of Three thousand nine hundred fifty Uollars (5 3,950.00 1• <br /> an i <br /> s/se � <br /> I , � <br />