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, <br />4 C <br />Name ot Project: <br />DekPv M�randlic Salnn <br />Construction Site Address: <br />691'.� Everareen lJay, FvPratt <br />Permit Reference: <br />37_1?6 <br />A5SIG1�AiHN1' OF FUNDS TO TEIE CI'17 OF EVEItLTP <br />For: (descriUe improvements) <br />sidewalks curbs and outters <br />Imi�rovements to be installed per City standards Uy Pdovember 1 19._SZ_• <br />{9e I�ereby agree tliat tlie sum oF $ 3,600.00 will be lield in Escroia <br />Account No. 3 1-�015�5 ln Frnntiar aank' (hereinaEter <br />reFerred to as "Bank") in tlte name oEpPI�P� Mrfanrilic (hereinaEter <br />referred to as "Applicant") to assure perFonnance of the above-descriUed <br />improvements and gua.anlee that these funds will not Ue released without <br />prior written approval Erom the City of Everett Public iVorks Department <br />(hereinaFter reFerred to as "City"). IVe agree tllat �pon completion of the <br />installation oE tl�e improvements per City standards and approval by the <br />City, the City will provide written notice to the IIank authorizing the <br />release oF tliese Ew�ds. iVe furlher agree tl�at tliese funds tiaill be released <br />to the City upon notice Uy the City that the improvements have not been <br />installed per City standards. <br />Provided further, however, that in the event tlie above-described <br />improvements are installed per City standards and a certiFicate oF partial <br />compliance is signed by tlie City, tlien in tliat event, we are furtlier <br />instructed to release pragress payments Eor that amount oF improvements <br />installed per City standards and approved Uy the City. 1he City shall have <br />first claim and priority to tlie remaining balance of said sum of <br />$ 3,600.00 <br />Frontier Bank <br />Na�ne o 1�an <br />�yy: �w , �w4'� <br />i '�/ <br />Address: '•0. Box 13�J0, [verett 4!A 93206 <br />Title: Loan Officer <br />'Pelephone no.: Z58-h261 <br />Contact Person: �ohn J. Dickson <br />,,.,,.,, i .,r � <br />