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. Name of Project: <br /> GVGRETT NEUROLOGIGAL CENTER <br /> . <br /> Construction Site Address: <br /> 717/, R�� IcPr A� � � <br /> .J <br /> Permit Reference: <br /> < �, ,. i4 _. <br /> ASSIGDPIGNP OF FUNUS 1'0 T11E CITY OF EVIREff <br /> r <br /> For: (describe improvements) <br /> Provide Allev Imnrovements adfac�n� ' o r� i' '-^'Q 0.L.ai�=rY � <br /> 2326 Rucker per anaroved nlans dated 1Q 10-86 Ima�^••ementa conaiat <br /> of paving approx 112 LF of alley, aspualt patching @ new curb cu[e on <br /> lmprovements to be i.nstal ed per City�sta��dards y u e 30 19�_. <br /> We I�ereby agree that the sian of $ 5 868.0o will be l�eld in Escrow <br /> Account No. 300 50_l 796 in First tncerstace aank o�wa�hereinafter <br /> referred to as "Bank") in the name of pr s-nford .t. wri�ht�hereinaEter <br /> referred to as "Applicant") to assure performance of tl►e above-described <br /> improvements and guarantee that these funds will not be released witl�out <br /> prlor written approval [ran the City oE lverett Public Works Uepardnent <br /> (hereineEter referred to as "City"). We agree tllat upon canpletion oE tlie <br /> installatlon oF the improvements per City standards and approval by tl�e <br /> City� the City Hill provide written notice to tlie Hank autliorizing tlie <br /> release oE tliese fimds. We further agree tliat these £�nids xill be released <br /> to the City upon notice by the City tliat tiie improvements have not been <br /> installed per City stanciards. <br /> Provided further, however, that in the e-ient the above-described <br /> improvements are installed per City standards and a certificate of partial <br /> ca�liance is signed by tl�e City, then in that event, we are furtlier <br /> instructed to release progtess payments Eor that emoimt of improvements <br /> installed per City standards and approved by the City. The City shall have <br /> first claim anJ priority to tlie remaining balance of said sian of <br /> a 5, 868.00 <br /> FIRST INTERSTATE BANK OF WASHINGTON <br /> Everett Main Office 126 <br /> 2817 Colby Ave <br /> ame o �— <br /> r , , <br /> uy: <br /> P.O. Box 69 E rett, 'da. 9tt2C6 <br /> Addies5• 2817 Colby Ave, Evercett, Wa. 98201 <br /> Title: l (-�Sifi'vtRl✓ �Ju2ee. �Ck"ti4. �v� <br /> Teleplione no.: z06-258-3779 <br /> Contact Person: � and seib <br /> D�'/� i,c>%L S��/T i2J C/%� L'.CE�'�.' �/Z/S'7 <br /> Page 1 of 2 <br />