HomeMy WebLinkAboutS_Release_Letter_Landscape_Maintenance_AOF_101040525_LUA13-001564_20230111
January 11, 2023
Tam T. Pham
5936 NE 3rd Court
Renton, WA 98059
SUBJECT: RELEASE OF LANDSCAPE MAINTENANCE ASSIGNMENT OF FUNDS #101040525
ZK SHORT PLAT / LAND USE FILE LUA13-001564
Dear Mr. Pham:
This letter is to serve as authorization to release the landscape maintenance Assignment of Funds
account #101040525 held at Heritage Bank that was issued to you on June 29, 2017, in the amount of
$7,253.00. This item was posted to the City of Renton on behalf of the ZK Short Plat project. Enclosed
is the original document for your reference.
If you have any questions, please contact me at bbannwarth@rentonwa.gov or (425) 430-7299.
Sincerely,
Brianne Bannwarth
Development Engineering Director
Enclosure(s): Assignment of Funds Account #101040525
pDEPARTMENTOFCOMMUNITYANDECONOMICDEVELOPMENT—‘““Renton0ASSIGNMENTOFFUNDSApplicant’sNameandAddressTAMTHINHUPHAMTOCITYOFRENTON5936NE3RDCT,RENTONWA98059ProjectNo.(PR)/ConstructionPermitNo.(U)ProjectNameLUA13-001564,SP,,ZKSHORTPLATDepositAmountSiteLocation$7253.003402NE7THST,RENTONWAThe%piac1At/LtFinancialInstitution,authorizedtodobusinessintheStateofWash’thgton,herebycertifiesthatthesumof$7,253.00isondepositwiththeFinancialInstitutioninAccountNumberIU4D52-Eunderthename7??!!’)T/9ManitosecurefortheCityofRenton,hereinaftercalledtheCITY,theabove-namedApplicant’s,hereinaftercalledAPPLICANT,performanceofcertainworkandconditionsrequiredinconnectionwiththeabove-referencedproject.THECONDITIONOFOBLIGATIONisthat:1.TheAPPLICANThasexecutedan“Aereement”entitledFIVEYEARLANDSCAPEMAINTENANCEAGREEMENTEl“,acopyofwhichisattachedheretoandincorporatedhereinbythisreference.2.UndertheprovisionsoftheAgreement,theAPPLICANTisrequiredtofurnishguaranteetosecuretheAPPLICANT’ScompliancewiththetermsoftheAgreement.ITISFURTHEREXPRESSLYPROVIDEDthat:1.TheFinancialInstitutionherebycertifiesandagreesthatthesefundswillnotbereleasedwithoutwritteninstructionsfromanauthorizedagentoftheCITY.ThisAssignmentofFundsisirrevocableandmaynotbeterminatedorcancelledbytheAPPLICANTorFinancialInstitutionforanyreasonexceptuponspecificwritteninstructionsfromtheCITY.2.TheFinancialInstitutionagreesthatthesefundswillbepaidtotheCITYwithin10daysofreceivingwrittennoticethattheCITYhasdeterminedthatrequirementsoftheAgreementhavenotbeensatisfactorilyperformedwithinapplicabletimelimitsorthatrequiredfeeshavenotbeenpaid.TheFinancialInstitutionshallhavenodutyorrighttoevaluatethecorrectnessorappropriatenessofsuchnoticeordeterminationbytheCITYandshallnotinterpleadorinanymannerdelaysaidpaymentoffundstotheCITY.AnyunexpendedfundsshallbereturnedtotheAPPLICANTuponcompletionofthetermsoftheAgreement.3.TheobligationsoftheFinancialInstitutionandAPPLICANTshallnotbedischargedandshallremainineffectintheeventofanyextensionoftimefortheAPPPLICANT’SperformanceoftheAgreementorofanyamendmentoftheengineeringplansusedforconstructionoftheproject.TheFinancialInstitutionherebywaivesnoticeofanysuchextensionoramendments.4.TheAPPLICANT’SobligationtoperformtheworkorpayfeesandotheramountsisnotlimitedtotheamountofthisAssignmentofFunds.111/07/2016
pProjectNo.(PR)/ConstructionPermitNo.(U)ProlectNameLUA13-001564,sp/ZKSHORTPLAT(Date)%QK/dfflØMT(PrintName)(PhoneNumber)StateofWashington,CountyofKingJ/.,.1IcertifythatIknoworhaveseensatisfactoryevidencethat//rf/íij(c.-v(FinancialInstitutionOfficial)signedthisinstrumentandacknowledgesittobehis/herfreeandvoluntaryactfortheusesandpurposesmentionedinthisinstrument.re)Dated:_
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__SignatureofNotaryPublic:Title:/1c74UMyappointmentexpires:ItistheAPPLICANT’SresponsibilitytonotifytheCityofRentonofanychangeinaddress,telephonenumberorchangeofownershipoftheproperty.ItistheAPPLICANT’Sresponsibilitytoarrangeforreplacementofany/allfinancialguaranteespriortoanychangeofownership.APPLICANT’SMAILINGADDRESS:6J/Receivec?forCityofRentonBy17“DateFCIALINSTITTIONOFFICIAL:(Signature)3747%7///7FINANCIALINSTITUTION’SMAILINGADDRESS:%//yt”nitbQfáe’&(NotarySealorStampforFinancialAPPLICANT:6/%“l/101R—(Signature)(Date)7iMP#Av1(PrintName)c’ihMc:3P-PCi,P.€fJrtAJrL-1gc4cS’3(2_i-);?ge”-5nt(PhoneNumber)211/07/2016
