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I� r <br />Name of Project: <br />TLe Falrway ApCs. AddLCion <br />ConstrucCiai Site Address: <br />5709 fiiwav P1, Everett, WA 98203 . <br />Permit Reference: <br />�>�� <br />ASSIGMIF.�If OF F111mS 1U 11ffi CI17 OF EVIIiE1T <br />For: (describe improvements) <br />Bond for City of Everett LID. <br />Improvements to be installed per City standards by 19 <br />We hereby agree tliat tlie stan of $ i�_nnn,00 will be held in Escrow <br />Account No. ��2q-o18356 in �Froneier Bank=DoF cown Everett �I�ereinaEter <br />reEerred to as "Bank") in the name of n�i., u_ wiiiiamg (hereinafter <br />referred to as "Applicant") to assure performance of tlie above-described <br />improvements ai�d guarantee that �l�ese funds will not be released witl�out <br />prior Nritten approval fran the City of Everett Public Works Department <br />(hereinaEter reEerred to as "City"). We agree that upon canpletion oE tl�e <br />installation oE the improvements per City standards and approval by tl�e <br />City, the City will provide written notice to the Bank authoriziug the <br />release of tliese fwids. We further agree that these £�nids will be released <br />to the Ctty upo:. notice by the City tl�at the improvements have not been <br />installed per City standurds. <br />Provided furtlier, 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 the City, tl�en in that event, ae are furtl�er <br />instructed to release progress payments Eor that amoimt of improvements <br />installed per City standards and approved by tlie City. The City shall I�ave <br />first claim aiid priority to the remaining balance of said swn oE <br />� 12,000.00 <br />Frontier Bank <br />Name o BeR <br />��„'.�� <br />i3y: ��.�s��..�.-_ ��✓ � <br />Thomas W. Cave, Vice President 6 Plannger <br />Address <br />Title: <br />Teleplione no.: <br />Contact Person: <br />�J,E'.,:,i,vi?� S� .c T ��c <br />C�Tl/ C't �'.�'.c <br />