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�a���� � <br />I N FULL <br />; �o `��/ Zt70�, <br />....... ... . ..... <br />CI�I' O EVERETT� <br />Publlc Works Dept. <br />Yaz A p4�e� <br />Name of Project <br />1�3- OoYn A� Et.�rC��t` <br />Constn:ction Site Address: <br />SEPA � 04— 0l5 <br />Permil Reference: <br />ASSIGNMGNT O� rUNDS TO THE CITY OF EVERETT <br />Por. (describe impro��ements) <br />�.� +.�, ' � so � F +Q S: .LQ wa,ck � ►, �c� 1 w '�'n+� _ <br />_ m•,'�, p��� ,,,� Ip(sr.,. <br />Impro�ements lo be inslalled per City stvidards b�� �S� {�;�/or+ , <br />We hereby agree Ihat Ihe sum of T ret �{-GOusaul Se.�1tN kukdL�i p'Q�ollars <br />(5� ���(,') )���ill be held in Gscrow Account No. _$2So3 96��_ �❑ <br />�p.�k �/,%..��;� piereinafter referred to as "Dank") �ehose address is <br />_S�5 S• ,�Au(ccDv C�• in the name of <br />S_�_q$ ( p!{ to assure performance of ihe <br />abo� e-described impro� ements mid guaryilee lhat lhese funds ���ill nol be released without prior <br />�� ritten appro��al Gom the Cih� of E��eretl Public Works Deparimenl (hereinafler referred to as <br />"Ci1�'�). We agrec lliat upon completion of Ihe inslallation of the abo��e-described impro��ements <br />per Cih� st�ndards vid appro� al b}� the Ciq�, the City ��ill pro��ide written notice to ihe Bank <br />authorir.ing the rele:ue of Il�ese funds. We furthcr agree that these funds ��ill be released to the <br />City upen notice by the Ciry that lhe impro� ements ha� e not been installed per City sta�idards. <br />Procided further, ho��eaer, that in the e��ent the abo� e-described impro�•ements are installed per <br />Cit� stvidnrds and a certificate of partial compliance is singed b�� the Cit}�, ilien in Uiat event, ��•e <br />are further instrucled to rele:ue progress pa��ments for the amount of impro��ements installed per <br />Cit�• stvid�ud and appro� ed U�• the Cit��. The Cily shall ha��e first clai�i and priorily to the <br />rcntaining balance oCsaid sum of T�H.t �j�(taWAAc� Sev� , PM4! Dollars <br />�� ��,a_� d — )� <br />Assib�imcnt of Punds, P ge 1 of 3 <br />