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� " Cuns[ructton $1te Addreis: <br /> `' 215 100th Stree� SW, Everett, WA <br /> �• perniit Aeference; I <br /> . �� -89 _. <br /> � <br /> ASSIGNMENT UF FUNUS TO Tllf•. Cl'IY UF EYERETT <br /> For: (de,crlbe improveinenLs ) � <br /> SUNRISE PARK APARTMENTS UTILITY AND STREET <br /> lmpravements tu be InsCalled per Cfly standards by �- � 19��. <br /> Ne hereby agreC` Lhat the Smn uf �Sixty one thousand twenty seven 8 no/10 <br /> Dollars ( $6� , 027. 20 �� will be held 1n GscroH Account <br /> ��a .�(c������j i� SEAFIRST C]ATIONAL BANK _ (I�erelnnfLel• <br /> retcrreA to 05 ��DanV,'�) wIlOSC d(Idt'CSS 1S 10500 NE 8th St. , Floor 5 , <br /> Bellevue, WA � �n tlie namC of SHULMAN AND WADDELL PARTNERSHIP ' <br /> to assure performance of the above-described improvements and guarontee Chat <br /> these funds will nut be rcleesed H1Uiout pr•1or �iritten approvai Irom tlie <br /> Ci[y of Cverett Public Vlorks UcpartinenC (IierelnafteY referred to as <br /> "City"). He agree that uDon coinpletiun of tl�e iustallation of the <br /> above-descrlbed lmprovewents per Cfty sCandards and approvai by the City, <br /> the Cfty w111 provide Hrltten noticc to tlie Uank autliorizing the release o! <br /> thece funds, Ne further a�ree tliat tliese funds wili. be rcleosed to li�e Ctty <br /> upon noNce by the City thal t6e fwproveme�its have not be�ri i�stalled per <br /> C1ty standarAs. ' <br /> Provided furLher, however, LIiaL• tn the event the ebove-descrlbed <br /> iuq,rovements are 1i�sLalied per f.lty s�ondards �and e certlflcate of partlal i <br /> cumpllnntc 1s slgneJ by the City, then In ihat event, Ne are further <br /> lnstructed to release progress peyments for the amount of lmprovements � <br /> installed per City slandarJs and approvaJ by the City. lhe Ctty shatl heve <br /> flrst clalm and priority to the renialning balance of setd sum <br /> �� Sixt one thousand twenT. seve and no/100 <br /> Y , __ Y _ Rlollars ( _�61 , 027. 20 l. <br /> I J <br />