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, <br /> � ' , <br /> Name of ProJect: <br /> Lls3 P1. Tanlin faw nffira <br /> Construction Site Address: <br /> 3302 OakPs <br /> Permit Reference: <br /> ASSIGNMENT OF FUNUS TO TNE CITY OF EVERETT <br /> For: (describe improvements ) • <br /> Pavine oE a11ey,�ay 'nn�d;�r� a��j�ni n� ��„�,-ty <br /> Improvements to be installed per City standards by ����,e�31 19&�• <br /> Me hereby agree that the sum Of(�p '�nncanrl a.,,t pp�inn <br /> Dollars (S_1.000.00 1 will be held in Escrow Account <br /> No.1137 021554 27 in CiryR.,nt, (hereinafter <br /> referred to as "Bank") whose address is P.O. Box 1036. Lnuxaood, WA 98037 <br /> , in the name of Lisa M. Ta lin, Arrnm�� ar ta�, <br /> to assure performance of the above-described improvements and guarantee that <br /> these funds will not be released without prior written approval from the <br /> City of Everett Public Norks Department (liereinafter referred to as <br /> "City"). Ne agree that upon completion of the installation of the <br /> above-described improvements per City standards and approval by the City, <br /> the City will provide written notice to the Dank authorizing the release of <br /> these funds. We further agree that these funds will be released to tlie City <br /> � <br /> upon notice by the City that the improvements liave not been installed per <br /> City standards. <br /> Provided further, however, tliat in the event the above-described <br /> improvements are tnstalled per C1ty standards and a certificate of partial <br /> compliance is signed by the City, then in that event, we are furtlier <br /> instructed to release progress payments for the amount of improvements <br /> installed per City standards and approved by the City. The Ctty shall have <br /> first claim and priorlty to the remaining balance of said sum <br /> a6ne T7lousaiid and OQ/100 Uollars (E1 (lnn_nn )• <br /> , <br /> o�i y i t.��,� 2e�..�Ag� Siea <br /> 3 ��g�9� <br />