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—v.:; • �/f �J� <br />p O Name of Project: <br />��Ov�/T - �S �� �' � FARLIFCT Mf1TFl Af]�TTTON <br />Construction Site Address: <br />._6D30 E��grr..e�Way F��eratt� wa qa�na <br />Permit Reference: <br />ASSIGNMENT OF FUNDS TO TfIE CITY OF EVERETT <br />@ <br />For: (describe improvements) <br />Construction of Sidewalk <br />i <br />Improvements to Ue installed per City standards by �pcPm6Pr 31 19� <br />We hereby agree`that the sum of Five Thousand Seven Hundred Thirteen and 00/10( <br />' Dollars (S 5,713.00 . 1 will be held :n E�crow Account <br />, No. 1137 015663 06(27j�_ ��,�ydank. A Wa;hington Corooration (hereinafter <br />referred to as "Uank") whose address is 14807 HIdY 99 lvnnwood, WA 98037 <br />i , in the name of Ed Park DBA Farwest Motel <br />to assure performance of tlie above-described improvements and guarantee that <br />these funds will not be released witfiout prior written approval ;'rom tlie <br />City of Fverett Pu�lic Works Department (hereinafter referred to as <br />"City"). We agree that upon completion of the installation of the <br />, above-described improvements per City standards and approval by the City, <br />, the City will provide written notice to the Dank autliorizing the release of <br />these funds. 4!e further agree that these funds will be released to tlie City <br />upon notice by the City tliat the improvements have not been installed per <br />: City standards. <br />Provided furttier, liowever, tliat in the event tiie above-described <br />� improvements are installed per City standards and a certificate of partial <br />compliance is signed by the City, Lhen 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 tiie City. The City shall have <br />Pirst claim and priority to the remaining balance of said sum <br />Of Five Thniicanrl Ca��nn Nunrlrad Uollars (� 5_7j3.�� �• <br />Thirteen and 00/100 <br />�M <br />a <br />�_... �' . I l �� �� � 1\ L � L� �. '. <br />��z/�z /,Z:� <br />5/es <br />