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� <br /> _� ��J ��� �=��� <br /> a�' N1me of Project <br /> �,. � �cj C) � 1(i Vt� S-� — <br /> Construction Site Address: <br /> Pennit Reference: <br /> ASSIGNMLN'I' OF I�UNDS TO 7'1Il? Cl"1'Y OI' I:VCRLT"I' <br /> Por: (describc improvcmcnts) <br /> , � v/' fi � �7cJ �T��l..� 1i1�✓��+�J /�/QJrA./ �j <br /> Improvements to be installed per City standards Uy � -r! 0�7 > _ <br /> Wc hereby agrcc that the sum of � CUlS Dollars <br /> ($ ) �vill bc hcld in I:scro�v Account No. l��a 7��o� 3-�Jro_ in <br /> K� � � (hereinafter reCerred to as"Bank"��5� address is <br /> C�pGJ -�y�Iy ����fPd �0 ���17�,� el1f��/jS Gi�. in tlte name of <br /> �S � �� <br /> ,�n i'`�-A � /�� to assure perforniance of tlie <br /> —r' <br /> above-describcct improvcmcnts and guarmitec Q�al these funds will not be released witliout prior <br /> written approval From thc Cily of Gverett Yublic Works Department(hereinafter referred to as <br /> "City"). We agrec lhat upon completion of the installation of the above-described improvements <br /> per Cily standards and approval by llie Cil}'> ilie City will provide �vritten notice to thc 13ank <br /> authorizing tlie relcuse oCthese funds. We further agrec that these funds will be released to the <br /> City upor notice by thc City that the impmvements hn��c ��ot bcen instl[led per Cil}' standards. <br /> Provided further, ho���c��cr, that in the e��ent Qie above-dcscri�+ed improvements are installed per <br /> City standards and a ccrtificate of partial compliance is singed by ti�e City, tl�en in that event, �ve <br /> arc further instructed to release progress paymcuts for the amount of imprcvements installcd per <br /> City slandard and npproved Uy the City. The City shall liavc first claim and priority to the <br /> rcmaining balancc of said sum of � �_t,�� (/fJ:J J.'�✓/� Dullars <br /> (� _���u; ). <br /> Assignment of I�unds, Yagc l of 3 <br />