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i <br />1_\ 1_JI I ��l /"l I'l r11�1 <br />ASSIGNMENT Or FIINDS TO THE: CITY OF EVERETT <br />For: (describe improvements) <br />E�—°'� .fCN(L�Mlcce l/7-���1'ef f,F• �',Jt�'�— <br />Improvements to be installed per Ciry standards by _, 19_ <br />7�iv THaus.tND fw� rwuA� fNifrv rww A�u� <br />H'e hereby agree thTt the sum of��, Z 32. D O �lollars ($�p,�Z) <br />��1��155 C,.r" r �q�� �� � <br />will be held in E:y�ow Account No. �40�457 in ,�Kii ✓s�' '�""�-ft�ereinaftr:r <br />referred ro as "B��ank") whose�ress is��,3 � 12t" .f1'i�<'l' S.� •�ikn'� <br />�'M��;s D. �z� � <br />in the name of �a--L::.,l- �--,I� _to assure perfonnance of the above-described <br />improvements and guarantee that Ihese funds will not be released without prior written <br />approval irom the City of Everett Psiblic Works Dep�rtment (hereinaRer referced to as <br />"Ciry"). We �gree that upon completion of the installation of the above-described <br />improvements per City standards and approval by the Ciry, the City will provide <br />written notice ro the Dank authorizing the relcase of these Funds. We further agree that <br />these funds will be released to the Ciry upon nolire by the City that the improvements <br />have not been inslTlled per City standards. <br />Provided further, however, that in the event the above-described improvements <br />are installed per City s�andards anel n cerlilic�ite ul' plrtia� compliance is signed by the <br />City, then in that event, we are further instructed ro release progress payments for the <br />amomit of improvements installed per City standards and approved by the City. The <br />City shall heve first claim and priority Io the remaining balance of said sum <br />of j��/ 7�dNJAiM Tm'd Dallars ($ /C.132.00 ). <br />Hr1N0/tE0 TfI/�T1�7u�v ,ArH.�u�t <br />