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Name of Project: <br />Lci= .v.�Y SaK/ /Z—li.r�iT A�T. <br />Construction Site /lddress: <br />�3zog — i�oyr �9v.E <br />� <br />Permit Reference: <br />89—zz� <br />ASSIGNMENT OF FUNDS TO TIIE CITY OF EVERETT <br />For: (describe improvements) <br />Sio�=cv.v�.r � :o�,9cFm,�-.�J- ar/ ,�,iovr .9vF A.�/o <br />�i9�PTiAL �9ct�y ,aydi,ri�r. <br />Improvements to be installed per City standards by 19 . <br />We hereby agree that the sum o9 <br />Dollars (a ZSOD �� ) will be held in E crow Account <br />� <br />��o /-�1or,�/73�9'7�� �i/¢I1•.c'��( ��te�( � � - N�(heretnafter <br />referred to as "Dank") whose address is l/Y fi/,v � f^ �J,v� <br />�,j � , in tlie name of <br />to assure performance of tlie above-described improvements and guarantee that <br />these funds will not be released witfiout pr•ior written approval from tlie <br />City of Everett Public 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 tlie release of <br />these funds. We further agree that these funds will be released to the City <br />upon notice by tfie City tliat tlie improveinents iiave not been installed per <br />City standards. <br />Provided furtlter, liowever, tliat 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, then in that event, we are further <br />instructed to release progress payments for Lhe amount of improvements <br />installe�l per City standards and approved by tfie City. The City siiall have <br />first claim and priority to tlie remaining balance of said sum <br />0� /� ,�/ „/_ N U IcJ <br />�O �a✓J�AN `� W� Jryl��t+-�'� rUo ars (b ZSoO �� ). <br />5/F38 <br />��i� ,I1i�11_ f�� � � �; � i �-ll' <br />