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..�.� n„�...�...,..- --. <br />� • - <br />..�._,., �..::�,�... - ..,.�...r�,..:,,,....._._,.,_... <br />Name of Project: <br />�lA�t �uEs; c�IrE�e <br />Construction Site Address: <br />Zo S,W. E����Tr N�u lVqy <br />EuE�err,wq ��,•to� <br />Permit ReEerence: <br />ASSIGI�N1ENf OF FUNUS 1'0 T71E CITY OF EVEItECP <br />For: (describe improvements) <br />—� <br />Improvements to be installed per City standards by a / 19 <br />. <br />"e liereUy agree tl�at tlie sum of $ 8,280.00 will Ue lield in �Y-3E�XX SAVItdGs <br />Account No.6662C20435 i�l Seafirst Dank/Sixth & Denny IIr. (}tereinaftei <br />referred to as "Bank") in the name of / htarcia Pieurv �r (hereinafter <br />referred to as "Applicant") to assure performance of tlie above-described <br />improveme, ts a.�id guarantee that tl�ese funds will not be released witliout <br />prior written approval from t1�e City of Everett Public iVorks Department <br />(hereinaFter referred to as "City"). IVe agree tliat upon completion of tlie <br />installation of the improvements per City standards and approval by the <br />City, tlie City will i.rovide written notice to the IIanlc autliorizing tlie <br />release oF these f�mds. We further agree that these ftmds will be released <br />to Lhe City upon notice Uy tl�e City tl�at tl�e improvements liave not been <br />installed per City standards. <br />Provided furtl�er, however, that in the event the above-described <br />improvements are installed per City standards and a certificate of partial <br />comrliance is signed by tlie City, tlien in that event, we are furtl�er <br />instructed to release progress payments for that amotmt of improvements <br />installed per City standards and approved Uy tlie Ci:-y. 1'he City sliall liave <br />first claim aiid priority to tl�e remaining balance of said swn of <br />$ �� U � <br />�y: <br />SEAPIRST BANIC <br />$1XTU 4� DEN�IY RRANCI�I <br />� �ame o� Ban ) <br />l � <br />, Senior Customer Service Rep. <br />Add[ess:566 Denny Way/P 0 Dox 9883, Seattle, Wa. 98109 <br />Tit12: Senior Customer Service Representative <br />Telephone no.: (206) 583-37.41 <br />Contact Person: Mary L. Collier <br />^ C�,�iGiirJA� S�'tiT %a C/7�� �'LE'�,� �D/�/96 <br />Page 1 of 2 3/BG <br />