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Hn A� K� �csP �1 <br />City En;ineer <br />City of Everett <br />3200 Cedar Street <br />Everett, WA 98201 <br />-r+F ��1 o R� 4-r-o ��R-►v`f cP.atw I�r' ! <br />c � -ry �1G � a'P'P � <br />Const. Site Address: <br />I <br />i <br />� <br />Per mit Reference: • i <br />i <br />SET-ASIDE LETTER <br />Re: Public Works Permi[ No. <br />7G 1C <br />Site Address: � Cvergrr_en 1Jay <br />Dear Sir: <br />'I'hiS letteC is t0 Cectify that Snohomish Coun[v Phvsicians Coraoration , <br />(hereinafter referred to as <br />"DevelopeC") hfls the flmou�t of 5 Twentv-Four Thousand and no/10� <br />Dollars (524,000.00 ) available in the I:verect branch of <br />47ashin�ton "tutual Savinss Bank (hereinafter reterred to as "Bank") as <br />payment guarantee for the % 7�/ performance /_/ warranty pursuant to: <br />%/ Title 18, Everett 37unicipal Code (Subdivisions) (as it is or is <br />hereafter amended). <br />%/'I'itle 18, Everett Uunicipal Code (Short Subdivisions) (as it is <br />or is herea[ter amended). <br />/ Y/ Ordinunce NO. )JJ-IS (Street Improvements) (as it is or is <br />hereafter amended). <br />%/ Ordinance No. 514-78 (Drainage) (as it is or is hereafter <br />amended). <br />% / Other: <br />'Che account number of said Bank account is 17-1356172-I <br />Bank hereby agrees to pay to the City of Everett upon ten (10) days notice the <br />amount of S 24,OU�.00 ; provided, that the City shall provide the Bank with <br />both an affidavit of ineiling stating that it sent notice to the Developer by meil at <br />the above eddress at least five (5) days prior to its notice to the Benk and an <br />nffidavit of non-complinnce stating thnt the Develuper has not complied with the <br />requirements of the uboue-stated code or ord:nflnce. <br />Porm R/84 <br />0 <br />e <br />