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Fo�: (describ • <br />cn <br />� <br />c" ' � <br />� <br />�la�, Sl�;+,�Qt, <br />Name of Project <br />332 I � K�F� � �v �v� <br />C�ons�u/uction Site Address: <br />7'w b(o�� �D��o _ <br />Pcrtnit Reference: <br />A�SIGNMENT OF PUNDS 7'O THE CITY OF EVERETT' <br /><< <br />;,� 3� �, S� Izi�vew► <br />Improvements to be installed per City s�andards by If11W1_1 S'L , 7i� . <br />'�'y�,n�-�vG �S�d �F'wo h�M� <br />We hercby agrcc that the sum of ln' � � n�-' ,_ Dollazs <br />(g 2 Sl 5� � y' ) will be held in Fscrow Account No. .� Z�00 ,0�1 S in <br />Npt- ��� �(1�� (hcminaftv refctrcd to a� `Bank") whosc eddress is <br />\283� L3o+�y Ev�e-t� Nw r_ tvere�, t�A �SZbB ��� �,� or <br />�.� m ����.��ti LLL to assure performance of ihe <br />above-dcscribed improvcmcnts and guarantce that thcsc funds will not be relcascd without prior <br />wrinen approcal from the City of Evaett Public Works Department (hercinafter referrcd to av <br />"City"). Wc agrcc that upon complction of thc instellation of the above-described improvements <br />per City stendards end epproval by the City, the City will pro�ide writtan notice to the Bank <br />authorizing tlie release ofthese funds. We fvRher agree that these funds will be releaved to thc <br />City upon nolice by thc Ciry that the impro��emcnls have not been installed per City standards. <br />Provided furthcr, howevcr, t;�at in thc cvcnt ihc above-de,cribed impmvemrnu aze installed per <br />Ciry standards and n cectificete of purtie�l compliance is singed by the Ciry, then in that event, we <br />are fiirther inswcted to nelease progress paymenu for the amount of improvements installed per <br />Ciry standard nnd approved by the Ciry. The Ciry shull have first cluim md prioriry to the <br />rcmaining balance of said sur.i of _ ���� <br />f$ )� <br />Aeeignment of Funds, Page 1 of 3 <br />