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June 7, 1991 <br />Pl1BL/f f�!/O/�K5 <br />Kirk Borseth <br />Borsech Conscruction Company <br />5626 Parkside Drive <br />Marysville, `dA 98270 <br />Subject: Reduction of Assignment of Funds <br />-5324 S 2nd Avenue <br />533U <br />Dear Mr. Borseth: <br />�.. <br />� ��, <br />,,_ �,, , <br />��?� _ <br />� <br />� The City of Everett hereby releases all buc $2,500 of the $25,000 assignment <br />i� �� of funds held ir. escrow account �6-9-10848 ac Everett ?futual Savings Sank. <br />� �' The City requires that the remaining $2,500 be held in the account as a <br />�; warrancy for [he public improvements at the site. <br />I' The Warianty shall expire November 1, 1991, after :+hich the .emaining funds <br />1� �� may be released upon receipt of an authorizing letter from the City. <br />L ! <br />�,, � If you hnve any questions, pLease call this office at 259-8810. <br />Sincerely, <br />Larry Crawford <br />�1sst. PubLic Works Director <br />LC:gaUiso-9 <br />CITY OF EVERETT • 3200 Cadar Slreet • Everett. WA 98201 • 1206) 259�8800 • Fax (2061 259-8862 <br />^ <br />0 <br />� ' <br />