10208 19TH AVE SE 2016-01-01 MF Import

.✓_.. _. .. . ". . . . . . . . . ...__ "_ _. . _ - _ . '. ' - . . _ ' ' . - . • -_ ' , ' Neme of ProJech 102nd St. S.E. & 16th Ave. S.E. Cor�st. Site Address: j'.7CJ � _ �p�' .,o ��c. f E Permit Re[erence: I A88I(3NMENT OF PQNDS Tp THE C1TY OP EVERETT i For. (describe improvements) ! - - - - - i - � - - Construction N;- 102nd- St. S.E. & 16th- Ave. S.E. £rom 102nd -- - _ � - _ - - - i `- � - �Ivorth 165' + per plans (to be installedper City stenda�ds). - f We hereb ee ihat the s�m ot ; 58� 992 � y �' will be held in E3crow Account No. �� Everet� Federal Savings � - (herelnafter reterred to es "Bank") in the name of Silverlake Property Assoc. _ fhereinatter m!erred -to as "Applicant") to assure peetormance of the above-described improvements and guerantee that these funds wit( not be releesed without prior wrttten approval trom the City of Everett Publie Works Department ! (hereinafter �e[erred to as "City'9. We ngree that upon completian of the j inatellntion of the improvements per City standards and approval by the City, the • � City will provide wrltten notice to the Bank authorizing the release of these funds, i We further egree that these funds will be released to the City upon notice by the � City thet the improvements heve not been installed per City standards. ' Provided [urther, however, that in the event the ebove-described improve- ments are installed per City standards end a certiticate of purtial compliance is signed by the City, then in that event, we are [urther instructed to release progress ; payments for that amount of improvements instulled per City standards and ' epproved by the City. The City shall have first claim and priority to the remeining ; balance of said sum o[ S � Everett Federal Savings Name o i�ank By: �,G �4�L- � � Address: /SD2 ,Q/ // �"✓ei�� >� Title: Urt �itri��_ Telephone N^.: as8-36�� Contact Person: ��,� ,�rr - ��il-=��>/� � i=��.rT %c %s/E- �'�:y' C L�_,�'. _r /.?- f� - .y-�. Pnge 1 of : 10/85