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Nam✓e of Pro�71'ect: <br />—L1 rl.v �k /�O u �c..'J� <br />Construction Site Address: <br />31 i � Q�c�..�•-c�. <br />Permit Reference: <br />Z191y <br />ASS?GNME}'T OF FUNUS TO TIIE CITY OF EYERETT <br />For: (describe improvetnents) <br />S� � , <br />( <br />� <br />Improvements to be instal�ed per City standards by ��qh 1 �g�, <br />We hereby agree that tiie sum of N i N� 'j-j,�pv4a.K � <br />Uollars (E 9DD0.0 0 •) will be held in Escrow Account <br />NoD971-01376-8 in 1Jhidbev Island Bank (hereinafter <br />referred to as "Bank") whose address is 818 N Sunrisa•Blvd camann fc ��- •g829P <br />, in tlie name of Kay R:tim MattPcnn � <br />to assure performance of tlie abnve-uescribed improvements and guarantee that <br />tliese funds will not be released without prior written approval from the <br />fity of Everett Public Works Uepartment (hereinafter referred to as <br />"City"). We agree that upon completion of tlie installation of the <br />abave-described improvements per Cit,� standards and approval by tlie City, <br />the City will provide written notice to tlie �ank autliorizing the release of <br />these funds. We further agree that tliese funds will be released to tlie City <br />upor notice by the City tliat the improvements liave not been installed per <br />City standards. <br />Provided furtlier, liowever, tliat in tfie :vent tlie above-described <br />improvements are installed per City standards ai� a certificate of partial <br />compliance is signed by ttie City, tiien �n tliat event, we are furtlier <br />instructed to release progress payments for the amount �f improvements <br />installed per City standards and approved by tlie City, ilie City shall liave <br />first claim and priority to the remaining balance of said sum <br />of�11V� � ry1�c�3Av1� Uollars (� �-f�D���� ). <br />� <br />C��GiUA� "To S»��r'E <br />Il- z1-89 <br />