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or inaction associated with this set-aside letter has created an emergency situation <br /> endangering the public health, safety, or welfare, creating a potential liability for the City, <br /> or endangering City streets, utilities, or property, then notwithstanding the language in <br /> this paragraph, the City will provide the Bank with an affidavit stating that an emergency <br /> exists which is associated with the action or inaction associated with this set-aside letter <br /> and the Bank agrees to pay to the City an amount necessary for the emergency not to <br /> exceed the amount set forth above. <br /> Bank hereby agrees that if any fee is charged for maintaining said account pursuant to <br /> this Agreement, it shall be the sole responsibility of the Developer. <br /> The Bank further agrees that said $14,025.00 shall be retained by the Bank <br /> until the Bank has received a written release from the Director of Planning and <br /> Community Development of the City of Everett or his/her designee. <br /> Date AI-- Z0 7 Coastal Community Bank <br /> (Name of Bank or ..vings Loan) <br /> By , ice/ <br /> Address OS)( 7 (D l?" " <br /> �� UP <br /> v-et (A <br /> Contact PersorL5,7((e <br /> Title <br /> Phone -Li-z S Z S 7-1 (0 ceC <br /> Email -J0-e itifi u rd e,(0 `{<�T 6/ :(ev t <br /> Set-Aside Letter to the City...of Everett...................... Page 2 <br /> 2930 Wetmore Avenue, Suite 8-A • Everett, WA 98201 • 425.257.8731 • fax 425.257.8742 • www.everettwa.org <br />