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i <br /> i <br /> r�J3� 3 r�� AL•� SF _ I <br /> Name of Project ' <br /> �� 3l'ci A2� s! <br /> Construcrion Site Address: <br /> ���� "�3� <br /> Permit Reference: <br /> ASSIGNMENT OF FUNDS TO TF-IE CITY OF EVERETT <br /> For: (describe improvements) <br /> S.(.-�. C'{�{-IG'lCG?� C� <br /> Improvements to be installed per City standards by '' '�' Z�� > �-'�—• , <br /> We hereby agree that the sum of��UY �OUSCin�� �%O {1u��! C� Dollars <br /> a�J ^T / in I <br /> �� 4�}{,�'�. ) will be held in Escro�v Account No. ���.� � 7 � <br /> F,�{�(�{''�bV(t RCf�•'1� (hereinafter referred to as`Bank")whose address is <br /> 3ZCr1 (,(�lM' I ��e Su Nr A �r � �Cp ��'�� ( in the name of <br /> !- d '� ��-�e,l/� to as�ure performance of the <br /> �� <br /> above-described improvements and guarantee that these funds will not be released without prior <br /> written approval from the City of Everett Public Works Department(hereinafter referred to as <br /> "City"). We agree that upon completion of the installation of the above-described improvements <br /> per City standazds and approval by tl�e �ity, the Ciry will provide written notice to the Bank <br /> authorizing the release of these funds. We furcher agree that these funds will be released to the <br /> City upon notice by the City that the improvements liave not becn installed per City standards. <br /> Provided further, however, that in the cvent the aUove-described improvements are installed per <br /> City standazds and a certificate of partial compliance is singed by the City,then in that event,we <br /> are further instructed to release progress payments for the amount of improvements installed per <br /> City standard and approved by the City. The City shall have first claim and prioriry to the <br /> remaining balance of said sum of/7'V� '�L�CUSC/�, d �C �'�'�'t��T� � Dollars <br /> (� ��� �� �� <br /> :lssig�nment of Funds, Page t of 3 <br /> a/ <br />