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� <br /> . � <br /> r <br /> � <br /> ('onst. Si[e �.ddress: <br /> 302:, [tud:er Ave, L•`�erett, P�rl <br /> Permit Refcrence: <br /> r � <br /> SE7' - ASID1? LtiTTlilt <br /> City fin�,incer <br /> Cit�� o.` livcret[ <br /> r :S.^00 Cednr St-cet � <br /> F.vcrclt h'A �J3?,OL <br /> lte: Public �Porks Permit No. , <br /> Sitc Addrdss: 3025 Rncker Ave. <br /> llciir Sir: , <br /> Thi; lettcr is to certify that SI6fltONDS DESIGN BUI[d�ERS , <br /> ' (Name of Developer) <br /> 9725 SF. 36 Suite 214 Diercer Island I•IA 98040 (hereinafter referred to as <br /> Address <br /> "Devclo�.er") has the nmount of $ Zt�relve Thousand and 00/100------------ <br /> �ollnrs (S 12,000.00----) n��ailnble in the Seattle branch of <br /> Seafirst Abrtqaqe Corporation (hereinAfter referred to us "Bunk") us <br /> pnyment gunrnn[ee for the J� perCormnnce / % wnrre�iy pursuant to: <br /> �J 'fitle l5, F.verett Municipal Code (Subdivisions) (e�s it is ar is <br /> herenftcr amended). <br /> /� Ordinnnce No. 51�-78 (Short Plats) (ns it is or is hereafter <br /> ar��ended). <br /> %�7 Ordinnnce No. 555-78 (Street Improvements) (as it is or is <br /> hereafter amended). <br /> � Ordinnnce No. 514-78 (Drainage) (ns it is or is hereufter <br /> nmended). <br /> � Othcr: <br /> 'I'he necoimt number of snid Bnnk nccaunt is <br /> RenF: hereby agrecs to pny to the City of F.verett upon ten U0) days notice the <br /> nmcunt of $ 12,000.00 ; provided, thnt the City shnll provide the [3ank wilh <br /> both nn affidavit of mniling showing tf st it sent to Developer by mnil at ¢bove <br /> address nt lc�st fivc (5) doys prior to its notice to Rnnk and nn affidnvit of <br /> non-complianec sho�vin� thnt the Developer hns not complied with thc require- <br /> ments of the r�bave-stated code or ordinnnce. <br /> iinnk hcreby r�,rces th�Q if nny tee is chntged for mnintnining snid nccount pursuant <br /> to this Agrcer,�nt, it shnll be tiie solc responsibility ot the Devcloper. <br /> 'fhc 6nnk furthcr nc!rces thnt nit nssignments, relcuse�, signatures nccessary to <br /> ` transfcr sr.id S 12,000.00 to thc City of Everett hnve been obinined. J <br /> 'I'hc Bnnk fw•ther aorces to hold snid S_12,000.00 for n period of not less thun <br /> O�c/1 yeor(s) beginnin�; October 27, 1962 . Snid nmount shall be <br /> retained bv the Runk until thc f�nnk has received n tivritten relense from the City . <br /> 1{n,.�inrcr of the City of }SvcrMt. <br /> L D��tc: 70/27/82 Seatirst Pbrt9a9e Corporation <br /> (Name ot Rnnk or Sm�ings 1t Lonn) <br /> Ily: '�f%/ '�/, �i�'� � ` <br /> -yR:-A'drich ' , -- <br /> Titic: Vice President <br /> 7'elephone Vo. _(2po 5R3-7Q04 <br /> � J <br />