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C <br /> ASSIGNMENT OF FUNDS � <br /> IN LICU OF IAIPROVE;�IENT BOND r <br /> . � <br /> � <br /> STATL OP R'ASNINGTON ) <br /> : 55. <br /> COUN'I'Y OP SNOHOMISH ) <br /> We herehp nrree ih�t the sum of S will be held in savings account <br /> numbcr in thc namc of <br /> to assure perfomiance rcquirements hercunder. <br /> NoH�. lhrre ore the conditions ot ihe,e obligations are such,that the principal will pieserve and maintain public safct} and <br /> �cclfare and resior�:thc road in full compliancc wi�h all of the requirement�s of TiUe �3 rightoGway use code and the conditions o(the <br /> approved plans and utility pem�it nwnber to be completed ���ithin hvo years from the daic of bond <br /> approval or as laler amended and evidenced by a Ietler of acceptance, then this obligation shall be ��oid; otherwise to remain in full <br /> forcc and effcct. <br /> H'e furlhcr nt�rce ihat up to �he full bonded amount shall be relcased to Snohomist� Counry upon �+•ritten demand �y the <br /> Dirccior of Snohomish County Planning and Developmcnt Services. 'Ihe amount demandcd by the Dirccior or his designec will be a <br /> good faith cstima�e of the acmal cost of Ihe repairs. <br /> IVc fi�rN�cr nt�rcc that if it is neccssary for Snohomish County to takc any Icgal action against any signatory �o th`s <br /> agreement to assure thc proper complction of�his project,Snohomish County will bc entitled to its reasonatic coss and attorncy's fccs. <br /> I! shnll hc thc responsibility of both thc principal nnd d�e financiai ins�imtion to inforni Snohomish County Planning and <br /> Dc�clopmcnt Serviccs if ihcy ch�nge addresses. Changc of addresses should be mailed to Snohomish County Plamiing and <br /> Developmen� Scrvices, 3000 Rockefcller. �1/S G0�1. I'veret�, WA 9R201. lLe Cuunty �vill mail only to the last kno�cn address of <br /> principal and financial inslilutiun. <br /> Si�;ncd this J�y uf � <br /> Princip:�l Namc of Financial Institution <br /> Add ress Add ress <br /> Cii�.Statc,7.ip City,Statc,7.ip <br /> Phonc Nmnbcr: _ Phonc Nutnbcr. — <br /> tii�;nalurc of 1'rincip:�l tiignaturc u(13ank Oflicial <br /> 1'Ir.isc Print Namc Sc Titic I'Icasc Print 1'amc & Tillc <br /> Acccp�cJ b�• Snohowish Count}'ihis d:q'o( + <br /> S:ALANUIISLlR0111A1'PAUnnd i�nmts�U'I�LII:UBD.DOC I/W/?OOD <br /> �� <br />