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Name of Pruject: <br />Construction Site Address: <br />.3�.�3—i� �' � n �v' , L,..,= -4 <br />Permit Reference: <br />ASSIGNMENT OF FUN�S TO TIIE CITY OF EYERETT <br />For: (describe improvements) <br />� <br />�r'i77�^�r c•t�F�� r ��'d°' u�n /K ��o,(t�' .5�' <br />, <br />_;� �{ ;�h v . i , i r�h1�, <br />Improvements to be installed per City standards by '� � h�i'R �9J_t) <br />de hereby agree that the sum of —�..-�---+ a pp/�nn --- <br />Dollars (b vann nn 1 wi11 be held in Escrow Account <br />No.�ni�nn�neg� ln p{����.�.�- }a,�qnral s,viuys�ank-- (h0reinafter <br />referred to a3 "�ank") whose address is z5ze cotbv nvenue <br />Everett, wn 5szoi , in the name of vissct,er �uilaers <br />to assure performance of the above-described improvements and guarantee that <br />these funds will not be released without prior written approval from the <br />City of Everett Public Works Department (liereinafter referred to as <br />"City"). Vle agree that upon completion of the installation of the <br />above-described improvements per City standards and approval by the City, <br />the City will provide written notice to the Dank authorizing the release of <br />these funds. We further agree that tliese funds will be released to the City <br />upon notice by the City that the improvements have not been installed per <br />City standards. <br />Provided furtlier, however, tliat in the event the above-described <br />improvements are installed per City standards and a certificate of partial <br />compliance is signed by the City, tlien in tliat event, we are further <br />instructed to r_lease progress payments for the amount of improvements <br />installed per City standards and approved �y the City. The City shall have <br />first claim and priority to the remaining balance of said sum <br />Of •:__ '..�a ....a nn�100 U0� � dl'S ( b $900 00 �� I <br />�v� - ________ ____ I <br />5/89 <br />� �>�r�I,L.jL I/�, `�.i�r� <br />��� ����(� <br />