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1 • <br /> monies. Such authorization shall be signed by the Mayor and attested <br /> by, the City Clerk. The City would submit such release upon abandonment <br /> / . <br /> by the Hospital of its plans to exercise the street vacation of Wetmore <br /> • between 13th and 14th Streets. <br /> 5. Payment in accordance with the terms hereof shall release Escrow <br /> Agent from liability to either City or Hospital . Any fees charged by <br /> Escrow Agent shall be deducted from interest earned on the account. <br /> 6. The City acknowledges that payment to the Escrow Agent , pursuant <br /> to this agreement, constitutes payment in full of the full amount re- <br /> quired pursuant to Ordinance No.. 577-79 for said street vacation, said <br /> amount constituting fifty percent (50%) of the appraised value of the <br /> property being vacated. <br /> 7. These escrow instructions shall be revocable only on mutual consent <br /> ) submitted in writing by both the Hospital and the City. <br /> The undersigned have read and hereby approve the instructions as given <br /> above th : administration of this escrow and do hereby execute this agreement on <br /> the date hereinbelow specified. <br /> GENERAL HOSPITAL CITY OF EVERETT <br /> C- // <br /> � <br /> By ";;' " l ). - / <br /> WILLIAM E. MOORE <br /> Title President, Board of Trustees Mayor <br /> Date May 14, 1979 Date j - % 9 <br /> ATTEST <br /> CITY CLERK <br /> APPR AS TO FORM: <br /> CITY ATTORNEY <br /> L.. <br /> The above escrow instructions are received and accepted this i J day of <br /> \1Lk.R-' e_ , 1979. <br /> ESCROW AGENT <br /> f ./✓7 ��/ �!e. 1"2d Z <br /> By � _<���_ f( , (/ it_ <br /> Title r 1 <br /> Page 2 <br />