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F � � • � , - . <br /> ,�' • .V �� , ��, • <br /> ; ' �, `�y,�► � • � <br /> ' ,y <br /> , "o� �y Name oF ProJect: n IUr ..� (1 <br /> � v/�r lA l�; <br /> I ' <br /> Cu tr ctlon Site Address: <br /> ' • 1�7-� £ �Mcw t�..� U'� � �' . <br /> � Pernit teference: <br /> •;.,� . <br /> ASSIGN�IENT OF FUNUS TO TIIE CITY OF EYERETT <br /> - � <br /> For: (describe improvemeuCs) • � <br /> , TnS uilA�t0�, � '•d� <br /> : . ��e. �rC�� c.�w,l� I�. 'Mc��� �..� ' ,,� <br /> � : , , <br /> ' IwproVeie ts to be installed p r C1�tandards by �g <br /> We liereby agree � iliat tlie swn of• • W{,y� -�j, � ��� <br /> Dollars ( . � 2�Od�� . ) will be I� d in Escrow Account <br /> • Nv: e703U �/�d in ���_ -T�'✓,� /�/p�'�y.��� (herelnafter <br /> � � referred to as "Bank") whose address is /glD �cJ. �y�oy�y� ��Q � <br /> • �/1��, l!>�- 9�/� , in the name of - 1T�O1(�'tr.� n -Ver7�7f' <br /> to assure performance of tlie above-describeJ improvements and guarantee tlia" <br /> tliese funds will not be released witliout ��rior written approval from tlie <br /> Ctty of EvereL•t Public Works Ue��artment (liereinafter referred to as <br /> "C1ty"). Ne agree tliaC upon completiun of tlie lnstallation of the <br /> , above-descril�ed improvements per City standards and approval by tlie City, <br /> • the City Hill provide wrltten uotice to tlie Dank autliorizing tlie release of <br /> these funds. He further agree tliat these funds w111� be released to the C1ty <br /> upon notice by the C1ty thaC the improvcments have� not been installed per <br /> . City standards. <br /> Provided Furtlier, I�owever, tiiat 1n tlie event tlie above-described <br /> improvements are installed per C1ty standards •and a certiFlcate oF partlal <br /> compliance is slgned by tlie City, tlien in tliat event, we are furtlier <br /> instructed to release progress payroents for tlie amount of improvements <br /> installed per City standards and approved by liie City. ll�e City sliall have <br /> flrst claim and prlority t� tlie r•emaininy balance of sald sum � <br /> oF• � —`���L ��_—tl'olTars ( � ZS`O�•P,� ). <br /> � . <br /> • s/oe <br />